Freight Island Holdings Limited iXBRL

Freight Island Holdings Limited

Abridged Unaudited Financial Statements

for the financial period from 22 June 2024 (date of incorporation) to 30 June 2025

Freight Island Holdings Limited

Company Registration Number: 15795726

ABRIDGED BALANCE SHEET

as at 30 June 2025

Jun 25

Notes

Fixed Assets

Investments

200

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Current Assets

Debtors

Cash and cash equivalents

41,144

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41,204

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Creditors: amounts falling due within one year

(200)

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Net Current Assets

41,004

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Total Assets less Current Liabilities

41,204

Creditors:

amounts falling due after more than one year

(41,144)

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Net Assets

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Capital and Reserves

Called up share capital

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Equity attributable to owners of the company

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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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.

For the financial period from 22 June 2024 (date of incorporation) to 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 22 June 2026 and signed on its behalf by



________________________________
Mr Niall James Moen
Director

Freight Island Holdings Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial period from 22 June 2024 (date of incorporation) to 30 June 2025

General Information

Freight Island Holdings Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 15795726. The registered office of the company is 11 Baring Street, Manchester, M1 2PY, England which is also the principal place of business of the company. The principal activity of the company is that of a holding company. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 30 June 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Investments

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the financial period in which it is receivable.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Period of financial statements

The financial statements are for the 12 month 9 days period from 22 June 2024 (date of incorporation) to 30 June 2025.


4.	Investments
		Other	Total
		investments

	Investments	£	£
	Cost
	Additions	200	200
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	At 30 June 2025	200	200
		─────────	─────────
	Net book value
	At 30 June 2025	200	200
		═════════	═════════

Related party transactions

The company has availed of the exemption under FRS 102 in relation to the disclosures of transactions with wholly owned group companies.

Amounts owed to group undertakings and related party balances are unsecured, interest free and repayable on demand.