Registered number
14250752
FREE VENTURES LIMITED
Filleted Accounts
31 July 2025

FREE VENTURES LIMITED
Registered number: | 14250752
Balance Sheet
as at 31 July 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Investments | 3 |  |  | 15,595 |  |  | 15,661
Current assets
Debtors | 4 |  | 10 |  |  | 10
Cash at bank and in hand |  |  | 100 |  |  | 585
|  |  | 110 |  |  | 595
Creditors: amounts falling due within one year | 5 |  | (17,488) |  |  | (15,717)
Net current liabilities |  |  |  | (17,378) |  |  | (15,122)
Net (liabilities)/assets |  |  |  | (1,783) |  |  | 539
Capital and reserves
Called up share capital |  |  |  | 10 |  |  | 10
Profit and loss account |  |  |  | (1,793) |  |  | 529
Shareholder's funds |  |  |  | (1,783) |  |  | 539
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Andras Radnoti
Director
Approved by the board on 16 April 2026

FREE VENTURES LIMITED
Notes to the Accounts
for the year ended 31 July 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| 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 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.
| Intangible fixed assets
| Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| 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.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current and deferred tax assets and liabilities are not discounted.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Pensions
| Contributions to defined contribution plans are expensed in the period to which they relate.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
3 | Investments
Other
investments
£
| Cost
| At 1 August 2024 | 15,661
| Disposals | (66)
| At 31 July 2025 | 15,595
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 10 |  | 10
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Bank loans and overdrafts | 17,488 |  | 14,689
| Taxation and social security costs | - |  | 488
| Other creditors | - |  | 540
|  |  |  |  |  | 17,488 |  | 15,717
6 | Going concern
| The director has confirmed that they will continue to give financial support to the company until such time as its position improves. The director consider that it is appropriate to prepare the financial statements on a going concern basis.
7 | Controlling party
| The director is the ultimate controlling party.
8 | Other information
| FREE VENTURES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
| Associates House
| 118A East Barnet Road
| Barnet
| Herts
| EN4 8RE

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