IRIS Accounts Production v26.1.10.61 04225116 director 1.4.25 31.3.26 31.3.26 Medium entities tour operators. true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04225116 2025-03-31 04225116 2026-03-31 04225116 2025-04-01 2026-03-31 04225116 2024-03-31 04225116 2024-04-01 2025-03-31 04225116 2025-03-31 04225116 ns15:EnglandWales 2025-04-01 2026-03-31 04225116 ns14:PoundSterling 2025-04-01 2026-03-31 04225116 ns10:Director1 2025-04-01 2026-03-31 04225116 ns10:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04225116 ns10:MediumEntities 2025-04-01 2026-03-31 04225116 ns10:Audited 2025-04-01 2026-03-31 04225116 ns10:Medium-sizedCompaniesRegimeForDirectorsReport 2025-04-01 2026-03-31 04225116 ns10:Medium-sizedCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04225116 ns10:FullAccounts 2025-04-01 2026-03-31 04225116 ns10:OrdinaryShareClass1 2025-04-01 2026-03-31 04225116 ns10:CompanySecretary1 2025-04-01 2026-03-31 04225116 ns10:RegisteredOffice 2025-04-01 2026-03-31 04225116 ns5:CurrentFinancialInstruments 2026-03-31 04225116 ns5:CurrentFinancialInstruments 2025-03-31 04225116 ns5:Non-currentFinancialInstruments 2026-03-31 04225116 ns5:Non-currentFinancialInstruments 2025-03-31 04225116 ns5:ShareCapital 2026-03-31 04225116 ns5:ShareCapital 2025-03-31 04225116 ns5:RetainedEarningsAccumulatedLosses 2026-03-31 04225116 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 04225116 ns5:ShareCapital 2024-03-31 04225116 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 04225116 ns5:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 04225116 ns5:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 04225116 ns5:LeaseholdImprovements 2025-04-01 2026-03-31 04225116 ns5:FurnitureFittings 2025-04-01 2026-03-31 04225116 ns5:OwnedAssets 2025-04-01 2026-03-31 04225116 ns5:OwnedAssets 2024-04-01 2025-03-31 04225116 11 2025-04-01 2026-03-31 04225116 11 2024-04-01 2025-03-31 04225116 12 2025-04-01 2026-03-31 04225116 12 2024-04-01 2025-03-31 04225116 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 04225116 ns5:LeaseholdImprovements 2025-03-31 04225116 ns5:FurnitureFittings 2025-03-31 04225116 ns5:LeaseholdImprovements 2026-03-31 04225116 ns5:FurnitureFittings 2026-03-31 04225116 ns5:LeaseholdImprovements 2025-03-31 04225116 ns5:FurnitureFittings 2025-03-31 04225116 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-03-31 04225116 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 04225116 ns5:DeferredTaxation 2025-03-31 04225116 ns5:OtherProvisionsContingentLiabilities 2025-03-31 04225116 ns5:DeferredTaxation 2025-04-01 2026-03-31 04225116 ns5:OtherProvisionsContingentLiabilities 2025-04-01 2026-03-31 04225116 ns5:DeferredTaxation 2026-03-31 04225116 ns5:OtherProvisionsContingentLiabilities 2026-03-31 04225116 ns10:OrdinaryShareClass1 2026-03-31 04225116 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 04225116 ns10:Director1 1 2025-03-31 04225116 ns10:Director1 1 2024-03-31 04225116 ns10:Director1 1 2025-04-01 2026-03-31 04225116 ns10:Director1 1 2024-04-01 2025-03-31 04225116 ns10:Director1 1 2026-03-31 04225116 ns10:Director1 1 2025-03-31

REGISTERED NUMBER: 04225116 (England and Wales)

| STRATEGIC REPORT, REPORT OF THE DIRECTOR AND |

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MARCH 2026 |

| FOR |

| FREEDOM DESTINATIONS LIMITED |

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page |

| Company Information | 1 |

| Strategic Report | 2 |

| Report of the Director | 3 |

| Report of the Independent Auditors | 4 |

| Statement of Comprehensive Income | 8 |

| Balance Sheet | 9 |

| Statement of Changes in Equity | 10 |

| Cash Flow Statement | 11 |

| Notes to the Cash Flow Statement | 12 |

| Notes to the Financial Statements | 13 |

| FREEDOM DESTINATIONS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2026

| DIRECTOR: | D P Wallis

| SECRETARY: | Mrs F Wallis

| REGISTERED OFFICE: | Manufactory House

| Bell Lane

| Hertford

| Hertfordshire

| SG14 1BP

| REGISTERED NUMBER: | 04225116 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Jeff Oliver

| AUDITORS: | Cook & Partners Limited

| Statutory Auditor

| Manufactory House

| Bell Lane

| Hertford

| Hertfordshire

| SG14 1BP

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

STRATEGIC REPORT

FOR THE YEAR ENDED 31ST MARCH 2026

The director presents his strategic report for the year ended 31st March 2026.

REVIEW OF BUSINESS

The results for the financial year ended 31 March 2026 are shown in the annexed financial statements.

Turnover has increased by 7.1% (2025: 17.98%). The increase in turnover is due to the return of consumer confidence and increasing demand for long haul travel..

The gross profit margin decreased to 19.06% (2025: decreased to 19.2%), including the effects of exchange rate gains. The gross profit margin is considered acceptable. The satisfactory margin combined with increased turnover for the year have resulted in profit before tax of £1,703,334 (2025: £1,861,296).

Other than as mentioned above, the director does not consider any further financial indicators are necessary to understand the performance of the business of Freedom Destinations Ltd.

The company continues to successfully manage the impact of currency fluctuations on the business operations by good cash and treasury management.

The director considers the results for the year to be satisfactory.

PRINCIPAL RISKS AND UNCERTAINTIES

The company uses various financial instruments including cash and various items, such as trade debtors and trade creditors that arise directly from its operations. The main purpose of these financial instruments is to raise finance for the company's operations.

The existence of these financial instruments exposes the company to a number of financial risks, which are described in more detail below. The director reviews and agrees policies for managing each of these risks and they are summarised below. These policies have remained unchanged from previous years.

Liquidity Risk

The Company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Interest Rate Risk

The company finances its operations through its retained profits. It does not have any borrowings and therefore the exposure interest rate risk is low. The company actively seeks the best available deposit rates for investing surplus cash.

Credit Risk

The Company's principal financial assets are cash and trade debtors; the principal risk arises therefore from its trade debtors. The impact associated with trade debtor risk is reduced through a broad customer base and payment terms which ensure monies are received from customers before operator costs are paid.

Currency Risk

The company principally operates in Sterling, Australian Dollars, New Zealand Dollars, South African Rand, US Dollars, Thai Baht and Singapore Dollars. It does not currently consider the risk of exposure to be material. The director regularly monitors fluctuations in foreign currencies and acts on significant changes as necessary.

ON BEHALF OF THE BOARD:

D P Wallis - Director

16th July 2026

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

REPORT OF THE DIRECTOR

FOR THE YEAR ENDED 31ST MARCH 2026

The director presents his report with the financial statements of the company for the year ended 31st March 2026.

DIVIDENDS

The total distribution of dividends for the year ended 31st March 2026 will be £ 37,500 .

DIRECTOR

D P Wallis held office during the whole of the period from 1st April 2025 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- | select suitable accounting policies and then apply them consistently;

- | make judgements and accounting estimates that are reasonable and prudent;

- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Cook & Partners Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

D P Wallis - Director

16th July 2026

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FREEDOM DESTINATIONS LIMITED

Opinion

We have audited the financial statements of Freedom Destinations Limited (the 'company') for the year ended 31st March 2026 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- | give a true and fair view of the state of the company's affairs as at 31st March 2026 and of its profit for the year then ended;

- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- | have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director is responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

- | the information given in the Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- | the Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FREEDOM DESTINATIONS LIMITED

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- | the financial statements are not in agreement with the accounting records and returns; or

- | certain disclosures of director's remuneration specified by law are not made; or

- | we have not received all the information and explanations we require for our audit.

Responsibilities of director

As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FREEDOM DESTINATIONS LIMITED

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including Fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Auditors approach to assessing the risks of material misstatement due to irregularities, including fraud

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity. The following laws and regulations are considered to be significant to the entity:

> Financial reporting Standard 102

> Companies Act 2006

> UK General Data Protection Regulation

> ATOL - Civil Aviation Authority (Air Travel Organiser's Licensing) Regulations 2012.

> ABTA

We assessed the risks of material misstatement in respect of fraud as follows:

> Discussed the risk of material misstatement due to irregularities, including fraud with management and those charged with governance at the planning stage to confirm that risks had been adequately identified and that the controls in place are sufficient for the size and nature of the business to reduce those risks to an acceptably low level.

> Undertook an initial analytical review of the financial statements to identify any potentially unusual or unexpected relationships or high risk audit areas.

> Completed a risk assessment checklist to aid in the identification of Risks for a company of this size and nature.

> We considered the risk of fraud through management override of controls, a common risk in a company of this size and nature, in response; we incorporated testing of manual journal entries into our audit approach and undertook a purely substantive approach to the audit with no reliance placed on controls.

> Accounting policies were reviewed at the planning stage to identify any subjective measurements or complex transactions where management would have the potential to show bias.

> We ensured that all in the audit team are aware of the risks identified and particular areas that were susceptible to misstatement during the audit planning meeting.

> Throughout the audit additional substantive testing was undertaken in areas where there was perceived to be a medium or high risk of misstatement.

> Audit testing was undertaken in a manner that was unpredictable in nature, selection and timing when compared to previous years work.

> The engagement Partners final review of the audit file and financial statements included a detailed review of all areas of medium or high risk identified at the planning stage of the audit.

Based on the results of our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above:

> Financial reporting Standard 102, Companies Act 2006 and UK General Data Protection Regulations. The audit team all have a good understanding of the requirements under these laws and regulations common to most trading businesses and were alert throughout the audit to any potential instances of non-compliance.

> A separate ATOL engagement was undertaken in line with the requirement for ATOL Reporting Accountants to report to the CAA on compliance with regulations.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF

FREEDOM DESTINATIONS LIMITED

> Further, at both the planning and completion stage of the audit enquiries where made of management/those charged with governance/legal counsel/other group auditors regarding any known instances of fraud or non-compliance with laws and regulations

> These representations were corroborated where possible through the review of board minutes/correspondence with HMRC and companies house and correspondence with other regulatory bodies. No contradictory evidence was noted.

We consider that the work detailed above has ensured that the likelihood of detection of irregularities including fraud is considered to be high both at management level and during our audit approach. It is however worth noting that there is an inherent difficulty in detecting irregularities and there is no guarantee that all irregularities have been identified.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jeff Oliver (Senior Statutory Auditor)

for and on behalf of Cook & Partners Limited

Statutory Auditor

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

16th July 2026

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

STATEMENT OF COMPREHENSIVE

INCOME

FOR THE YEAR ENDED 31ST MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

TURNOVER | 26,583,125 |  | 24,819,798 |  |

Cost of sales | 21,516,724 |  | 20,055,629 |  |

GROSS PROFIT | 5,066,401 |  | 4,764,169 |  |

Administrative expenses | 3,710,693 |  | 3,203,931 |  |

1,355,708 |  | 1,560,238 |  |

Other operating income | 99,725 |  | 102,225 |  |

OPERATING PROFIT | 4 | 1,455,433 |  | 1,662,463 |  |

Interest receivable and similar income | 247,953 |  | 198,833 |  |

1,703,386 |  | 1,861,296 |  |

Interest payable and similar expenses | 5 | 52 |  | 70 |  |

PROFIT BEFORE TAXATION | 1,703,334 |  | 1,861,226 |  |

Tax on profit | 6 | 425,823 |  | 465,306 |  |

PROFIT FOR THE FINANCIAL YEAR | 1,277,511 |  | 1,395,920 |  |

OTHER COMPREHENSIVE INCOME | - |  | - |  |

TOTAL COMPREHENSIVE INCOME FOR THE YEAR | 1,277,511 |  | 1,395,920 |  |

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

BALANCE SHEET

31ST MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 9 | 9,799,104 |  | 9,706,586 |  |

Investments | 10 | 2 |  | 2 |  |

Cash at bank | 9,072,290 |  | 7,270,904 |  |

18,871,396 |  | 16,977,492 |  |

CREDITORS

Amounts falling due within one year | 11 | 10,019,934 |  | 9,888,549 |  |

NET CURRENT ASSETS | 8,851,462 |  | 7,088,943 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,851,462 |  | 7,088,943 |  |

CREDITORS

Amounts falling due after more than one year | 12 | (1,778,511 | ) | (1,254,300 | ) |

PROVISIONS FOR LIABILITIES | 13 | (157,215 | ) | (158,918 | ) |

NET ASSETS | 6,915,736 |  | 5,675,725 |  |

CAPITAL AND RESERVES

Called up share capital | 14 | 50,000 |  | 50,000 |  |

Retained earnings | 15 | 6,865,736 |  | 5,625,725 |  |

SHAREHOLDERS' FUNDS | 6,915,736 |  | 5,675,725 |  |

The financial statements were approved by the director and authorised for issue on 16th July 2026 and were signed by:

D P Wallis - Director

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31ST MARCH 2026

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1st April 2024 | 50,000 |  | 4,229,805 |  | 4,279,805 |  |

Changes in equity

Total comprehensive income | - |  | 1,395,920 |  | 1,395,920 |  |

Balance at 31st March 2025 | 50,000 |  | 5,625,725 |  | 5,675,725 |  |

Changes in equity

Dividends | - |  | (37,500 | ) | (37,500 | ) |

Total comprehensive income | - |  | 1,277,511 |  | 1,277,511 |  |

Balance at 31st March 2026 | 50,000 |  | 6,865,736 |  | 6,915,736 |  |

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MARCH 2026

| 2026 |  | 2025

| Notes | £ | £ |

Cash flows from operating activities

Cash generated from operations | 1 | 2,268,953 |  | 1,644,241 |  |

Interest paid | (52 | ) | (70 | ) |

Tax paid | (715,468 | ) | (355,548 | ) |

Net cash from operating activities | 1,553,433 |  | 1,288,623 |  |

Cash flows from investing activities

Interest received | 247,953 |  | 198,833 |  |

Net cash from investing activities | 247,953 |  | 198,833 |  |

Cash flows from financing activities

Amount introduced by directors | 37,500 |  | - |  |

Equity dividends paid | (37,500 | ) | - |  |

Net cash from financing activities | - |  | - |  |

Increase in cash and cash equivalents | 1,801,386 |  | 1,487,456 |  |

Cash and cash equivalents at beginning of year | 2 | 7,270,904 |  | 5,783,448 |  |

Cash and cash equivalents at end of year | 2 | 9,072,290 |  | 7,270,904 |  |

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31ST MARCH 2026

1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

| 2026 |  | 2025

£ | £ |

| Profit before taxation | 1,703,334 |  | 1,861,226 |  |

| Depreciation charges | - |  | 206 |  |

| Movement in provisions | (1,703 | ) | 45,410 |  |

| Fair value of forward contracts | 6,179 |  | 304 |  |

| Finance costs | 52 |  | 70 |  |

| Finance income | (247,953 | ) | (198,833 | ) |

1,459,909 |  | 1,708,383 |  |

| Increase in trade and other debtors | (92,552 | ) | (2,408,505 | ) |

| Increase in trade and other creditors | 901,596 |  | 2,344,363 |  |

| Cash generated from operations | 2,268,953 |  | 1,644,241 |  |

2. | CASH AND CASH EQUIVALENTS

| The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

| Year ended 31st March 2026

| 31.3.26 |  | 1.4.25

£ | £ |

| Cash and cash equivalents | 9,072,290 |  | 7,270,904 |  |

| Year ended 31st March 2025

| 31.3.25 |  | 1.4.24

£ | £ |

| Cash and cash equivalents | 7,270,904 |  | 5,783,448 |  |

3. | ANALYSIS OF CHANGES IN NET FUNDS

| At 1.4.25 | Cash flow | At 31.3.26

£ | £ | £ |

| Net cash |

| Cash at bank | 7,270,904 |  | 1,801,386 |  | 9,072,290 |  |

7,270,904 |  | 1,801,386 |  | 9,072,290 |  |

| Liquid resources |

| Current asset investments | 2 |  | - |  | 2 |  |

2 |  | - |  | 2 |  |

| Total | 7,270,906 |  | 1,801,386 |  | 9,072,292 |  |

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

1. | STATUTORY INFORMATION

| Freedom Destinations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

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

| The director has assessed various factors and risks affecting the company and its ability in the current economic climate to continue to trade as a going concern. The director has identified no material uncertainties and on the basis of these assumptions the financial statements for the year ended 31st March 2026 have been prepared using the going concern basis of accounting.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Improvements to property | - | Over the term of the lease

| Fixtures and fittings | - | 25% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

| Tour operator costs in foreign currencies are translated into sterling at an estimated rate of exchange.

| Overheads in foreign currencies are translated into sterling at an average rate of exchange over the year.

| Exchange differences are taken into account in arriving at the operating result.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2026

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Turnover

| Turnover represents sales of tours in the year, excluding value added tax.

| Sales are recognised upon receipt of a non refundable deposit.

| Tour operator costs represents the cost of tours sold in the year.

| Tour operator costs include estimated costs attributable to tours not yet undertaken.

| Cancellation and administrative costs provision

| Provisions are made in respect of cancellations of tours not yet undertaken based upon the company's past history of the rate of cancellations.

| An amount has been provided in respect of a provision for administrative costs to be incurred on tours not yet undertaken.

| Provisions are taken into account in arriving at the operating result.

| Foreign exchange forward contracts

| Foreign exchange forward contracts are recognised in the accounts at fair value through the profit and loss as non basic financial instruments in accordance with FRS 102 sections 11 and 12.

3. | EMPLOYEES AND DIRECTORS

| 2026 |  | 2025

£ | £ |

| Wages and salaries | 1,774,145 |  | 1,603,743 |  |

| Social security costs | 208,284 |  | 154,558 |  |

| Other pension costs | 94,312 |  | 88,871 |  |

2,076,741 |  | 1,847,172 |  |

| The average number of employees during the year was as follows:

| 2026 |  | 2025

| Sales | 40 |  | 34 |  |

| Administration | 15 |  | 19 |  |

55 |  | 53 |  |

| 2026 |  | 2025

£ | £ |

| Director's remuneration | 20,800 |  | 21,000 |  |

| Director's pension contributions to money purchase schemes | 40,582 |  | 40,590 |  |

| The number of directors to whom retirement benefits were accruing was as follows:

| Money purchase schemes | 1 |  | 1 |  |

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2026

4. | OPERATING PROFIT

| The operating profit is stated after charging/(crediting):

| 2026 |  | 2025

£ | £ |

| Other operating leases | 107,419 |  | 71,613 |  |

| Depreciation - owned assets | - |  | 206 |  |

| Auditors' remuneration | 10,000 |  | 10,000 |  |

| Taxation compliance services | 1,000 |  | 1,000 |  |

| Other non- audit services | 19,488 |  | 17,745 |  |

| (Gain)/Loss on foreign currency translation | 17,726 |  | 58,507 |  |

| Forward foreign exchange contracts at fair value through profit and loss | 6,179 |  | (11,856 | ) |

5. | INTEREST PAYABLE AND SIMILAR EXPENSES |

| 2026 |  | 2025

£ | £ |

| Interest payable | 52 |  | 70 |  |

6. | TAXATION

| Analysis of the tax charge

| The tax charge on the profit for the year was as follows:

| 2026 |  | 2025

£ | £ |

| Current tax:

| UK corporation tax | 425,789 |  | 465,303 |  |

| Deferred tax | 34 |  | 3 |  |

| Tax on profit | 425,823 |  | 465,306 |  |

| Reconciliation of total tax charge included in profit and loss

| The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

| 2026 |  | 2025

£ | £ |

| Profit before tax | 1,703,334 |  | 1,861,226 |  |

| Profit multiplied by the standard rate of corporation tax in the UK of 25% (2025 - 25%) | 425,834 |  | 465,307 |  |

| Effects of:

| Capital allowances in excess of depreciation | (11 | ) | - |  |

| Changes in marginal rate of tax | - |  | (1 | ) |

| Total tax charge | 425,823 |  | 465,306 |  |

7. | DIVIDENDS

| 2026 |  | 2025

£ | £ |

| Interim | 37,500 |  | - |  |

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2026

8. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1st April 2025

| and 31st March 2026 | 8,478 |  | 134,570 |  | 143,048 |  |

| DEPRECIATION

| At 1st April 2025

| and 31st March 2026 | 8,478 |  | 134,570 |  | 143,048 |  |

| NET BOOK VALUE

| At 31st March 2026 | - |  | - |  | - |  |

| At 31st March 2025 | - |  | - |  | - |  |

9. | DEBTORS

2026 | 2025 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 7,886,926 |  | 8,309,518 |  |

| Other debtors | 228 |  | 2,509 |  |

| Corporation tax recoverable | 19,052 |  | 19,052 |  |

| VAT | - |  | 2,100 |  |

| Deferred tax asset

| Accelerated capital allowances | 155 |  | 189 |  |

| Prepayments | 23,841 |  | 21,983 |  |

7,930,202 |  | 8,355,351 |  |

| Amounts falling due after more than one year:

| Trade debtors | 1,868,902 |  | 1,351,235 |  |

| Aggregate amounts | 9,799,104 |  | 9,706,586 |  |

10. | CURRENT ASSET INVESTMENTS

2026 | 2025 |

£ | £ |

| Other | 2 |  | 2 |  |

| Current asset investments represents monies held in fixed term deposit accounts.

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2026

11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 9,678,177 |  | 9,341,106 |  |

| Corporation tax | 175,624 |  | 465,303 |  |

| Social security and other taxes | 67,692 |  | 39,705 |  |

| VAT | 5,495 |  | - |  |

| Other creditors | 28,796 |  | 15,596 |  |

| Directors' current accounts | 46,809 |  | 9,309 |  |

| Accrued expenses | 17,341 |  | 17,530 |  |

10,019,934 |  | 9,888,549 |  |

12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2026 | 2025 |

£ | £ |

| Trade creditors | 1,778,511 |  | 1,254,300 |  |

13. | PROVISIONS FOR LIABILITIES

2026 | 2025 |

£ | £ |

| Other provisions

| Provision for cancellations & administrative costs | 157,215 |  | 158,918 |  |

| Deferred |  | Other |

| tax |  | provisions |

£ | £ |

| Balance at 1st April 2025 | (189 | ) | 158,917 |  |

| Provided during year | 34 |  | (1,702 | ) |

| Balance at 31st March 2026 | (155 | ) | 157,215 |  |

| Other provisions represent amounts provided for cancellation and administrative costs in line with the company's accounting policy set out in note 1 to the financial statements.

14. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2026 | 2025 |

| value: | £ | £ |

| 50,000 | Ordinary | £1 | 50,000 |  | 50,000 |  |

15. | RESERVES

| Retained

| earnings

£ |

| At 1st April 2025 | 5,625,725 |  |

| Profit for the year | 1,277,511 |  |

| Dividends | (37,500 | ) |

| At 31st March 2026 | 6,865,736 |  |

FREEDOM DESTINATIONS LIMITED (REGISTERED NUMBER: 04225116) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2026

16. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31st March 2026 and 31st March 2025:

2026 | 2025 |

£ | £ |

| D P Wallis

| Balance outstanding at start of year | (9,309 | ) | (9,309 | ) |

| Amounts repaid | (37,500 | ) | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (46,809 | ) | (9,309 | ) |

17. | RELATED PARTY DISCLOSURES

| Link Digital Ltd - Jointly controlled by David Wallis a director of the company.

| During the year marketing services of £74,767 (2025: £51,055) were charged by Link Digital Ltd and at the year end they were owed £Nil (2025: £5,952) from the company which is included in trade creditors.

| Rent of £53,000 (2025: £18,000) was also charged to Link Digital Ltd for use of office space during the year.

| David Wallis

| During the year the company rented property owned by David Wallis a director of the company.

| Rent charged in the year was £107,419 (2025: £71,612)

| Rowan Wallis

| During the year Rowan Wallis, son of David Wallis a director of the company, was employed as marketing manager.

| The salary, National Insurance and pension contributions of Rowan Wallis for the year to 31 March 2026 are included in the P&L and are in line with other managers employed by the company.

| No amounts due to Rowan remained outstanding at the balance sheet date.

18. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is D P Wallis.