Freeport Exports Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03379891

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		607		810
Tangible Assets	5		1,941		2,587

			2,548		3,397
CURRENT ASSETS
Stocks		26,000		28,000
Debtors	6	39,436		4,179
Cash at bank and in hand		117		119

		65,553		32,298
Creditors: Amounts Falling Due Within One Year	7	(123,998 )		(97,356 )

NET CURRENT ASSETS (LIABILITIES)			(58,445 )		(65,058 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(55,897 )		(61,661 )

Creditors: Amounts Falling Due After More Than One Year	8		(20,199 )		(20,199 )

NET LIABILITIES			(76,096 )		(81,860 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(76,196 )		(81,960 )

SHAREHOLDERS' FUNDS			(76,096)		(81,860)

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Freeport Exports Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

On behalf of the board

L Henry

Director

21 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Freeport Exports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03379891 . The registered office is Global House, 303 Ballards Lane, London, N12 8NP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to the their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

2.3. Turnover

Turnover represents sales of services and goods net of VAT and trade discounts. Turnover is

recognised when the services and goods are provided to the customer.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured

at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Development costs - 25% on reducing balance

2.5. Research and Development

Expenditure on development is valued at cost less accumulated amortisation. Amortisation is calculated at 25% on reducing balance and written off over their estimated useful lives. No amortisation charges are made in the first year.

2.6. Tangible Fixed Assets and Depreciation

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 bases:

Plant & Machinery

25% on reducing balance

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Freeport Exports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.8. Cash and cash equivalent

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	26,425

As at 31 December 2025	26,425

Amortisation
As at 1 January 2025	25,615
Provided during the period	203

As at 31 December 2025	25,818

Net Book Value
As at 31 December 2025	607

As at 1 January 2025	810

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Freeport Exports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	4,600

As at 31 December 2025	4,600

Depreciation
As at 1 January 2025	2,013
Provided during the period	646

As at 31 December 2025	2,659

Net Book Value
As at 31 December 2025	1,941

As at 1 January 2025	2,587

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by participating interests	33,315	3,468
Other debtors	6,121	711

	39,436	4,179

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Iwoca loan	3,805	-
Corporation tax	10,896	10,112
Other creditors	11,150	-
Accruals and deferred income	3,134	2,000
Director's loan account	95,013	85,244

	123,998	97,356

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bounce Back Loan	20,199	20,199

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Freeport Exports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

	Profit and Loss Account
	£
As at 1 January 2025	(81,960 )
Profit for the year and total comprehensive income	5,764

As at 31 December 2025	(76,196 )

11. Related Party Transactions

At the year end the company owed £95,013 (2024 : £85,244) to its director.

12. Ultimate Controlling Party

The director controls the company by virtue of his direct interest in the whole of the issued share capital.

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