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FRELMI LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The company is a private company, limited by shares, registered in England and Wales, registration number 14593810. The registered office address is Elsley Court, 20 -22 Great Titchfield Street, London, W1W 8BE.
The principal activity of the company during the year was to operate as a head office, providing strategic management and administrative services to group companies engaged in a range of investment activities.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The company has elected to take advantage of the exemption available under section 399 of the Companies Act 2006 from the requirement to prepare consolidated financial statements. This exemption has been applied on the grounds that the group, of which the company is the parent, qualifies as a small group under the relevant provisions of the Act. Accordingly, these financial statements present information about the company as an individual entity and do not include consolidated financial information relating to the group.
The company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:
Interest income is recognised in profit or loss using the effective interest method.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
Investments in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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