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Martin Freeman stars in first trailer for the final chapter of fantasy epic The Hobbit

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Martin Freeman and Orlando Bloom lead the final chapter of The Hobbit in this first beautiful trailer for The Hobbit: The Battle of Five Armies.

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"One day I'll remember everything that happened", remarks the narrator, Bilbo Baggins, played by Sherlock star Martin, before adding: "The good, the bad, those who survived, and those who did not."

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 Set sixty years before  The Lord of The Rings, the fantasy epic follows Bilbo Baggins on his quest to win a share of the treasure guarded by the dragon, Smaug.

Reprising their roles include Orlando as the Sindar Elf Legolas, Evangeline Lilly as a Woodland Elf named Tauriel, and Sir Ian McKellen as the wizard Gandalf.

Benedict Cumberbatch provides the motion-capture and voice for the character of Smaug.

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This third film in the franchise, preceded by An Unexpected Journey (2012) and The Desolation of Smaug (2013), makes extensive use of the appendices that Tolkien wrote to expand the story of Middle-Earth, and which were published in the third Lord of the Rings book, The Return of the King.

Adapted from J.R.R Tolkien's children novels, the incredibly successful fantasy films, directed by Peter Jackson, have spanned 13 years since the first Lord of the Rings film was released.

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One of the special features of The Hobbit is the fact that it is shot using 48 frames per second instead of the traditional 24, resulting in razor-sharp picture quality.

"I really think 48 frames is pretty terrific and I'm looking forward to seeing the reaction," Peter said of the first film in 2012. "It's been talked about for so long, but finally the film is being released and people can decide for themselves."

The Hobbit: The Battle of Five Armies is out later in 2014

The Hobbit: The Battle of the Five Armies - Teaser Trailer - Official Warner Bros. UK