REGISTERED NUMBER: 03876095 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Freethorn Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Sheikh

Dr S A Akhter

SECRETARY:

Dr S A Akhter

REGISTERED OFFICE:

2nd Floor

28 Rodney Street

L1 2TQ

REGISTERED NUMBER:

03876095 (England and Wales)

ACCOUNTANTS:

Z L Y & Co Limited

Chartered Certified Accountants

2nd Floor

28 Rodney Street

Liverpool

L1 2TQ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

62,146

64,522

62,146

64,522

CURRENT ASSETS

Stocks

67,401

67,807

Debtors

165,426

192,053

Cash at bank

3,942,844

4,155,390

4,175,671

4,415,250

CREDITORS

Amounts falling due within one year

357,704

579,174

NET CURRENT ASSETS

3,817,967

3,836,076

TOTAL ASSETS LESS CURRENT LIABILITIES

3,880,113

3,900,598

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,880,013

3,900,498

SHAREHOLDERS' FUNDS

3,880,113

3,900,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by:

Dr S A Akhter - Director

1.	STATUTORY INFORMATION

Freethorn 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of two pharmacies is being written off evenly over its estimated useful life of twenty 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.

Tangible fixed assets

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

Leasehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 29 February 2024

and 28 February 2025

367,800

AMORTISATION

At 29 February 2024

and 28 February 2025

367,800

NET BOOK VALUE

At 28 February 2025

-

At 28 February 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 29 February 2024

and 28 February 2025

136,103

DEPRECIATION

At 29 February 2024

71,581

Charge for year

2,376

At 28 February 2025

73,957

NET BOOK VALUE

At 28 February 2025

62,146

At 28 February 2024

64,522