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REGISTERED NUMBER: 09077779 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Foldaway Estates Ltd

Foldaway Estates Ltd (Registered number: 09077779)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Foldaway Estates Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M Foldvari
J S Hathaway





REGISTERED OFFICE: Unit 11 Diddenham Court
Lambwood Hill
Grazeley
Reading
Berkshire
RG7 1JQ





REGISTERED NUMBER: 09077779 (England and Wales)





ACCOUNTANTS: EDMONDS ACCOUNTANCY LIMITED
Unit 11, Diddenham Bus Park,
Diddenham Court
Grazeley,
READING
Berkshire
RG7 1JQ

Foldaway Estates Ltd (Registered number: 09077779)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 52,500 60,000
Tangible assets 5 43,679 30,468
96,179 90,468

CURRENT ASSETS
Debtors 6 171,036 178,485
Prepayments and accrued income 14,741 8,634
Cash at bank and in hand 556,309 482,292
742,086 669,411
CREDITORS
Amounts falling due within one year 7 704,700 602,643
NET CURRENT ASSETS 37,386 66,768
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,565

157,236

CREDITORS
Amounts falling due after more than one year 8 (119,006 ) (135,926 )

PROVISIONS FOR LIABILITIES (993 ) (993 )
NET ASSETS 13,566 20,317

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 13,416 20,167
13,566 20,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Foldaway Estates Ltd (Registered number: 09077779)

Statement of Financial Position - continued
30 June 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:




M Foldvari - Director



J S Hathaway - Director


Foldaway Estates Ltd (Registered number: 09077779)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Foldaway Estates 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.

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.

Revenue is recognised for the provision of services as the contractual activity progresses.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, 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.

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 etc - 33% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Foldaway Estates Ltd (Registered number: 09077779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 75,000
AMORTISATION
At 1 July 2022 15,000
Charge for year 7,500
At 30 June 2023 22,500
NET BOOK VALUE
At 30 June 2023 52,500
At 30 June 2022 60,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 131,352
Additions 23,337
At 30 June 2023 154,689
DEPRECIATION
At 1 July 2022 100,884
Charge for year 10,126
At 30 June 2023 111,010
NET BOOK VALUE
At 30 June 2023 43,679
At 30 June 2022 30,468

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Amounts owed by group undertakings 41,286 -
Other debtors 129,750 178,485
171,036 178,485

Foldaway Estates Ltd (Registered number: 09077779)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 22,536 34,430
Amounts owed to group undertakings 38,330 33,162
Taxation and social security 88,544 73,178
Other creditors 555,290 461,873
704,700 602,643

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Other creditors 119,006 135,926