THE FREELANDS FOUNDATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-13 (in 10mo)
Last made up 2026-02-27
Watchouts
None on the register
Cash
£7M
+433% vs 2023
Net assets
£54M
+3.2% vs 2023
Employees
21
-8.7% vs 2023
Profit before tax
—
Period ending 2024-12-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | — | — | |
| Net profit | -£1,521,918 | £1,674,742 | |
| Cash | £1,235,352 | £6,583,982 | |
| Total assets less current liabilities | £52,441,300 | £54,116,042 | |
| Net assets | £52,441,300 | £54,116,042 | |
| Equity | £52,441,300 | £54,116,042 | |
| Average employees | 23 | 21 | |
| Wages | £866,094 | £850,562 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 0.3% | 0.5% | |
| Current ratio | 8.98x | 23.83x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Sayer Vincent LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As of year end 2024, the Foundation had assets totalling £54,414,312. This provides the Foundation with a secure future for supporting the realisation of the intended charitable aims and objectives for a minimum of 12 months from the date of signing this report.”
Significant events
- “At the start of 2025, Freelands Foundation moved into a new home: a permanent space for art education in central London.”
- “Entering our tenth anniversary year, the Foundation faces an exciting future.”
- “After eight editions, we took the decision to pause the Freelands Award in 2024 and explore options for a relaunch in 2025.”
- “In 2024 the Freelands Foundation had an offer on 12 Errol Street, London, EC1Y 8LX, for a total value of £4,250,000. At 31 December 2024, a deposit of £405,000 had been paid and as held on the balance sheet as a prepayment. The purchase was completed in January 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DEVEREUX, Mark Jonathan | Director | 2015-03-18 | Aug 1956 | British |
| MURDOCH, Elisabeth | Director | 2015-03-18 | Aug 1968 | British |
| TYSON, Keith Thomas | Director | 2020-05-12 | Aug 1969 | British |
| VON SCHMIDT AUF ALTENSTADT, Sarah Sue | Director | 2018-03-13 | Sep 1971 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| PALMER, Christopher | Director | 2015-03-18 | 2018-01-26 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 34 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-06-20 MA Memorandum articles
- 2021-06-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-01 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-13 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-10-29 | AAMD | accounts | Accounts amended with accounts type full | |
| 2025-10-03 | AA | accounts | Accounts with accounts type full | |
| 2025-03-28 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-03-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-27 | AA | accounts | Accounts with accounts type full | |
| 2024-03-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-02 | AA | accounts | Accounts with accounts type full | |
| 2023-03-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full | |
| 2022-03-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-08-22 | AA | accounts | Accounts with accounts type full | |
| 2021-06-20 | MA | incorporation | Memorandum articles | |
| 2021-06-20 | RESOLUTIONS | resolution | Resolution | |
| 2021-04-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-10-09 | AA | accounts | Accounts with accounts type full | |
| 2020-05-13 | AP01 | officers | Appoint person director company with name date | |
| 2020-04-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-14 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+433%
£1,235,352 £6,583,982
-
Net assets
+3.2%
£52,441,300 £54,116,042
-
Employees
-8.7%
23 21
-
Wages
-1.8%
£866,094 £850,562
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers