Company Registration No. 05593388 (England and Wales)
Clientfolder Limited
Unaudited accounts
for the year ended 31 December 2023
Clientfolder Limited
Unaudited accounts
Contents
Clientfolder Limited
Company Information
for the year ended 31 December 2023
Company Number
05593388 (England and Wales)
Registered Office
86 Scotts Sufferance Wharf
5 Mill Street
Bermondsey
London
SE1 2DF
Accountants
P7 Accounting Limited
25 Cutbush Lane
Bitterne
Southampton
SO18 5QP
Clientfolder Limited
Statement of financial position
as at 31 December 2023
Investment property
750,000
750,000
Cash at bank and in hand
185,539
316,558
Creditors: amounts falling due within one year
(67,576)
(64,037)
Net current assets
286,680
343,208
Total assets less current liabilities
1,037,002
1,094,004
Creditors: amounts falling due after more than one year
(157,085)
(200,935)
Net assets
879,917
893,069
Called up share capital
1
1
Fair value reserve
(53,903)
(53,903)
Profit and loss account
933,819
946,971
Shareholders' funds
879,917
893,069
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 August 2024 and were signed on its behalf by
C Baldwin
Director
Company Registration No. 05593388
Clientfolder Limited
Notes to the Accounts
for the year ended 31 December 2023
Clientfolder Limited is a private company, limited by shares, registered in England and Wales, registration number 05593388. The registered office is 86 Scotts Sufferance Wharf, 5 Mill Street, Bermondsey, London, SE1 2DF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents fees received in respect of project management services, invoiced in accordance with the stage of completion of the project excluding value added tax.
Rental income from Investment property is shown within Income from Investments and represents rent received on an accruals basis in respect of investment properties excluding value added tax.
Investment property is included at fair market value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight line
Clientfolder Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment
Fair value at 1 January 2023
750,000
At 31 December 2023
750,000
All valuations were made by the director, C Baldwin, on an open market basis.
If the properties were sold at the balance sheet date, no tax liability would have arisen.
6
Investments
Other investments
Valuation at 1 January 2023
320
Valuation at 31 December 2023
-
Amounts falling due within one year
Amounts due from group undertakings etc.
-
362
Accrued income and prepayments
137
125
Amounts falling due after more than one year
Amounts due from group undertakings etc.
89,600
89,600
Clientfolder Limited
Notes to the Accounts
for the year ended 31 December 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
47,670
45,008
Taxes and social security
-
944
Loans from directors
-
7,018
Bank loans due within 1 year are secured by way of a a first charge over the property held in the business. (with the exception of £10,163 (2022 - £9,901) in respect of a Bounce-Back loan which is unsecured).
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
127,085
170,935
Other creditors
30,000
30,000
Bank loans falling due after one year are secured by way of a a first charge over the property held in the business. (with the exception of £14,738 (2021 - £24,880) in respect of a Bounce-Back loan which is unsecured).
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan account
-
78,980
-
78,980
11
Transactions with related parties
At the balance sheet date included within debtors due after one year was £89,600 (2022 - £89,600) owed to Clientfolder Limited by Baldwin Homes Ltd, a dormant company in which the director is the sole director and shareholder.
At the balance sheet date £nil (2022 - £362) was owed to Clientfolder Limited by Minchens Barns Development Limited, a company in which the director is a director and shareholder. During the year amounts owed by this company of £362 were written off as bad debts.
At the balance sheet date £30,000 (2022 - £30,000) was owed by Clientfolder Limited to D Baldwin who is the director's father. This loan is interest-free and without formal repayment terms.
All transactions took place at arms length.
12
Average number of employees
During the year the average number of employees was 1 (2022: 1).