FREETOWN LIMITED

Company Registration Number:
03382338 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

FREETOWN LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

FREETOWN LIMITED

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 2,340,562 2,350,702
Total fixed assets: 2,340,562 2,350,702
Current assets
Debtors:   123,815 150,234
Cash at bank and in hand: 16,613 35,301
Total current assets: 140,428 185,535
Creditors: amounts falling due within one year:   (106,944) (163,089)
Net current assets (liabilities): 33,484 22,446
Total assets less current liabilities: 2,374,046 2,373,148
Creditors: amounts falling due after more than one year:   (32,477) (32,477)
Total net assets (liabilities): 2,341,569 2,340,671
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:4(1,107,986)(1,107,986)
Profit and loss account: 3,449,455 3,448,557
Shareholders funds: 2,341,569 2,340,671

The notes form part of these financial statements

FREETOWN LIMITED

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 10 December 2025
and signed on behalf of the board by:

Name: Boota S Nijjer
Status: Director

The notes form part of these financial statements

FREETOWN LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years Motor Vehicles 20 per cent per year, reducing balance

Other accounting policies

Debtors Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Creditors Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

FREETOWN LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

2. Employees

2025 2024
Average number of employees during the period 10 10

FREETOWN LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 2,359,640
At 31 March 2025 2,359,640
Depreciation
At 01 April 2024 8,938
Charge for year 10,140
At 31 March 2025 19,078
Net book value
At 31 March 2025 2,340,562
At 31 March 2024 2,350,702

FREETOWN LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Revaluation reserve

2025
£
Balance at 01 April 2024 (1,107,986)
Surplus or deficit after revaluation 0
Balance at 31 March 2025 (1,107,986)