FREEPART LIMITED

Company Registration Number:
03421533 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2025

Period of accounts

Start date: 01 November 2024

End date: 31 October 2025

FREEPART LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2025

Balance sheet
Notes

FREEPART LIMITED

Balance sheet

As at 31 October 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 0 7,824
Total fixed assets: 0 7,824
Current assets
Stocks: 3,935,171 6,021,556
Debtors:   2,399,046 287,107
Cash at bank and in hand: 532,095 450,544
Total current assets: 6,866,312 6,759,207
Creditors: amounts falling due within one year:   (223,589) (217,116)
Net current assets (liabilities): 6,642,723 6,542,091
Total assets less current liabilities: 6,642,723 6,549,915
Creditors: amounts falling due after more than one year:   (1,818,683) (1,872,283)
Total net assets (liabilities): 4,824,040 4,677,632
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 4,823,940 4,677,532
Shareholders funds: 4,824,040 4,677,632

The notes form part of these financial statements

FREEPART LIMITED

Balance sheet statements

For the year ending 31 October 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 28 July 2026
and signed on behalf of the board by:

Name: David Mifsud
Status: Director

The notes form part of these financial statements

FREEPART LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 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 rental income and the sale of development properties. Rental Income Turnover from rental income is recognised according to the terms of the signed rental agreement with the tenant, which is usually paid in instalments on a monthly basis. Property Income Turnover from the sale of development property is recognised at the point of exchange of contracts with the buyer of the property.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:- Plant, Machinery & Office Equipment: 100% on cost Motor Vehicles: 33% on cost

Other accounting policies

Leasing and Hire Purchase Contracts Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

FREEPART LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2025

2. Employees

2025 2024
Average number of employees during the period 2 2

FREEPART LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2025

3. Tangible Assets

Total
Cost £
At 01 November 2024 71,295
At 31 October 2025 71,295
Depreciation
At 01 November 2024 63,471
Charge for year 7,824
At 31 October 2025 71,295
Net book value
At 31 October 2025 0
At 31 October 2024 7,824