FREUR Holdco Limited

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

Registered number: 13412997

		30 June 2025		31 December 2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors		1		3,150,369
Investments		2		2

		3		3,150,371
Creditors: Amounts Falling Due Within One Year		(6,957,401 )		(9,120,208 )

NET CURRENT ASSETS (LIABILITIES)			(6,957,398 )		(5,969,837 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(6,957,398 )		(5,969,837 )

NET LIABILITIES			(6,957,398 )		(5,969,837 )

CAPITAL AND RESERVES
Called up share capital	4		1		1
Revaluation reserve	5		(3,876,300 )		(3,500,000 )
Profit and Loss Account			(3,081,099 )		(2,469,838 )

SHAREHOLDERS' FUNDS			(6,957,398)		(5,969,837)

For the period ending 30 June 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 Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr J C Wilcox Director	Mr M S Otaibi Director
26 May 2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

FREUR Holdco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13412997 . The registered office is Ashdon House, Moon Lane, Barnet, Hertfordshire, EN5 5YL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

As can be seen in note 4 of the full accounts, the historical cost convention has been modified as these accounts have not been prepared on a going concern basis.

2.2. Going Concern Disclosure

At 30 June 2025 the balance sheet shows net current liabilities and a net deficit of £6,957,398 (31 Dec 2023: £5,969,837).

The directors have identified material uncertainties related to events as set out in note 6, that cast significant doubt about the company's ability to continue as a going concern. These accounts have therefore not been prepared on the going concern basis.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2023: 2)

4. Share Capital

	30 June 2025	31 December 2023
	£	£
Allotted, Called up and fully paid	1	1

5. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 1 January 2024	(3,500,000 )	(2,469,838 )
Loss for period	-	(611,261)

Deficit on revaluation	(376,300)	-

Other comprehensive income for the period	(376,300 )	-

Total comprehensive income for the period	(376,300)	(611,261 )

As at 30 June 2025	(3,876,300 )	(3,081,099 )

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FREUR Holdco Limited

Notes to the Abridged Financial Statements (continued)

For the Period 1 January 2024 to 30 June 2025

6. Related Party Transactions

During the period the company made an additional impairement provision on the loans it made to FREUR Reading Limited, a 100% subsidiary. The provision for the year amounted of £67,359 has been made for the year resulting in a total impairment provision to date of £2,639,400.

During the period the company made an additional impairement provision on the loans it made to FREUR Bristol Limited, a 100% subsidiary. The provision for the year amounted of £308,941 has been made for the year resulting in a total impairment provision to date of £1,236,900.

In respect of the above loans, no interest has been charged or accrued.

The loans were initially provided to each subsidiary to fund the purchase of commercial real estate. However due to the downturn in the commercial real estate market, although the related properties have now been sold, they were sold at a signifcant loss and therfore the recovery of the above loans in full will not be possible.

As such the directors have decided to impair each loan to their expected realisable value.

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