ACCOUNTS - Final Accounts preparation

Registered number: 00759602

FREELAWN INVESTMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

FREELAWN INVESTMENTS LIMITED

REGISTERED NUMBER: 00759602

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		5,198,308		5,195,966
			5,198,308		5,195,966
Current assets
Debtors: amounts falling due within one year	5	95,444		45,682
Cash at bank and in hand	6	317,911		255,689
		413,355		301,371
Creditors: amounts falling due within one year	7	(276,398)		(229,506)
Net current assets			136,957		71,865
Total assets less current liabilities			5,335,265		5,267,831
Provisions for liabilities
Deferred tax	8	(765,177)		(765,177)
			(765,177)		(765,177)
Net assets			4,570,088		4,502,654

Capital and reserves
Called up share capital	9	2	2
Revaluation reserve		3,128,364	3,128,364
Profit and loss account		1,441,722	1,374,288
		4,570,088	4,502,654

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FREELAWN INVESTMENTS LIMITED

REGISTERED NUMBER: 00759602

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 December 2025.

V Chalfen	L A Adler
Director	Director

The notes on pages 4 to 7 form part of these financial statements.

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		FREELAWN INVESTMENTS LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2025

	Called up share capital	Revaluation reserve	Profit and loss account	Total equity
	£	£	£	£
At 1 April 2023	2	3,064,851	1,435,341	4,500,194

Profit for the year	-	-	254,960	254,960
Surplus on revaluation of freehold property	-	63,513	(63,513)	-
Dividends: Equity capital	-	-	(252,500)	(252,500)

At 1 April 2024	2	3,128,364	1,374,288	4,502,654

Profit for the year	-	-	334,934	334,934
Dividends: Equity capital	-	-	(267,500)	(267,500)
At 31 March 2025	2	3,128,364	1,441,722	4,570,088

The notes on pages 4 to 7 form part of these financial statements.

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FREELAWN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Freelawn Investments Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5 Stormont Road, London, N6 4NS, United Kingdom.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised in respect of rental income for the period to which it relates.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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FREELAWN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Investment property

Investment property is carried at fair value which is determined annually by the directors, on an open market value for existing use basis. No depreciation is provided. Changes in fair value are recognised in the revaluation reserve.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.

Increases in provisions are generally charged as an expense to profit or loss.

2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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FREELAWN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	5,195,966
	Additions at cost	2,342
	At 31 March 2025	5,198,308

The 2025 valuations were made by a director of the company, on an open market value for existing use basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£


	Historic cost	1,304,767	1,302,425

Debtor

					2025	2024
					£	£


Trade debtors	46,114	38,333
Other debtors	9,000	745
Prepayments and accrued income	40,330	6,604
	95,444	45,682

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	317,911	255,689
	317,911	255,689

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FREELAWN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Other taxation and social security	94,549	57,922
Other creditors	108,910	99,910
Accruals and deferred income	72,939	71,674
	276,398	229,506

8.	Deferred taxation

		2025
		£

	At beginning of year	(765,177)
	At end of year	(765,177)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Revaluation of investment property	(765,177)	(765,177)
		(765,177)	(765,177)

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

2,000 (2024 - 2,000) Ordinary shares of £0.001 each	2	2

10.	Related party transactions
	The balance owed to the company directors at the year end was £Nil (2024: £nil).

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