Freed Homes Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 12213507

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		156,915		191,360

			156,915		191,360
CURRENT ASSETS
Debtors		590,230		538,766
Cash at bank and in hand		7,742		108,808

		597,972		647,574
Creditors: Amounts Falling Due Within One Year		(697,828 )		(687,624 )

NET CURRENT ASSETS (LIABILITIES)			(99,856 )		(40,050 )

TOTAL ASSETS LESS CURRENT LIABILITIES			57,059		151,310

Creditors: Amounts Falling Due After More Than One Year			(56,033 )		(149,031 )

NET ASSETS			1,026		2,279

CAPITAL AND RESERVES
Called up share capital	6		10		10
Profit and Loss Account			1,016		2,269

SHAREHOLDERS' FUNDS			1,026		2,279

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Freed Homes Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Stephanie Freed

Director

8th August 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Freed Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12213507 . The registered office is 11 Catherall Avenue, Buckley, Flintshire, CH7 3DA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

18% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Freed Homes Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	300,741

As at 31 March 2025	300,741

Depreciation
As at 1 April 2024	109,381
Provided during the period	34,445

As at 31 March 2025	143,826

Net Book Value
As at 31 March 2025	156,915

As at 1 April 2024	191,360

5. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	82,245	94,509
Later than one year and not later than five years	54,450	137,244

	136,695	231,753

	136,695	231,753

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

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