REGISTERED NUMBER: 16023502 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2026 TO 31 MARCH 2026

FOR

FREE BRANDS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A S Jeckells

L M Jeckells

G S Phitidis

G H Cornet

REGISTERED OFFICE:

C/O TC Thompson Taraz Rand

Suite 20, New Cambridge House

Bassingbourn Road

Litlington

Cambridgeshire

SG8 0SS

BUSINESS ADDRESS:

26b

Marshalsea Road

London

London

SE1 1HF

REGISTERED NUMBER:

16023502 (England and Wales)

ACCOUNTANTS:

TC Group

1st Floor

5-7 Portugal Place

Cambridge

Cambridgeshire

CB5 8AF

FIXED ASSETS

Intangible assets

5

1,530,000

1,575,000

Tangible assets

6

25,009

535

1,555,009

1,575,535

CURRENT ASSETS

Debtors

7

177,178

301,364

Cash and cash equivalents

416,474

319,190

593,652

620,554

CREDITORS

Amounts falling due within one year

8

(881,292

)

(694,826

)

NET CURRENT LIABILITIES

(287,640

)

(74,272

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,267,369

1,501,263

CREDITORS

Amounts falling due after more than one year

9

(1,189,439

)

(1,310,894

)

NET ASSETS

77,930

190,369

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

77,830

190,269

SHAREHOLDERS' FUNDS

77,930

190,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2026 and were signed on its behalf by:

A S Jeckells - Director

1.	STATUTORY INFORMATION

Free Brands Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis. The company has a deficit of current assets relative to its short-term liabilities at the balance sheet date. However, the directors have confirmed they will continue to provide financial support and will not demand repayment of amounts owed to them for a period of at least twelve months from the date of approval of these financial statements.

Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents invoiced sales, excluding value added tax, in respect of insurance branding and marketing campaign services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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.

During the period the company acquired the business of Free Partners LLP to the value of £1,800,000.

Tangible fixed assets

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

Plant and machinery

-

15%, 25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 13 (2026 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

1,800,000

At 31 March 2026

1,800,000

AMORTISATION

Charge for period

270,000

At 31 March 2026

270,000

NET BOOK VALUE

At 31 March 2026

1,530,000

During the period, the company acquired the business of Free Partners LLP for the value of £1,800,000.

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

33,300

At 31 March 2026

33,300

DEPRECIATION

Charge for period

8,291

At 31 March 2026

8,291

NET BOOK VALUE

At 31 March 2026

25,009

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2026

£

£

Trade debtors

143,293

139,259

Amounts owed by group undertakings

-

1,478

Other debtors

33,885

160,627

177,178

301,364

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2026

£

£

Other loans

70,554

67,814

Trade creditors

77,758

25,554

Amounts owed to group undertakings

-

493,735

Taxation and social security

157,236

99,125

Other creditors

575,744

8,598

881,292

694,826

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2026

£

£

Other loans

271,175

110,894

Other creditors

918,264

1,200,000

1,189,439

1,310,894

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2026

value:

£

£

40

Ordinary A

£1

40

40

40

Ordinary B

£1

40

40

10

Ordinary C

£1

10

10

10

Ordinary D

£1

10

10

100

100