Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activityfalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-20false30falsetrue 15017201 2023-07-19 15017201 2023-07-20 2024-04-30 15017201 2022-08-01 2023-07-19 15017201 2024-04-30 15017201 c:Director1 2023-07-20 2024-04-30 15017201 d:CurrentFinancialInstruments 2024-04-30 15017201 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 15017201 d:ShareCapital 2024-04-30 15017201 c:OrdinaryShareClass1 2023-07-20 2024-04-30 15017201 c:OrdinaryShareClass1 2024-04-30 15017201 c:OrdinaryShareClass2 2023-07-20 2024-04-30 15017201 c:OrdinaryShareClass2 2024-04-30 15017201 c:OrdinaryShareClass3 2023-07-20 2024-04-30 15017201 c:OrdinaryShareClass3 2024-04-30 15017201 c:FRS102 2023-07-20 2024-04-30 15017201 c:AuditExempt-NoAccountantsReport 2023-07-20 2024-04-30 15017201 c:FullAccounts 2023-07-20 2024-04-30 15017201 c:PrivateLimitedCompanyLtd 2023-07-20 2024-04-30 15017201 6 2023-07-20 2024-04-30 15017201 e:PoundSterling 2023-07-20 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 15017201









1ST FOLDING SLIDING HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2024

 
1ST FOLDING SLIDING HOLDINGS LIMITED
REGISTERED NUMBER: 15017201

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
Note
£

Fixed assets
  

Investments
 4 
3,039,012

Current assets
  

Cash at bank and in hand
  
80

Creditors: amounts falling due within one year
 5 
(3,039,012)

Net current (liabilities)/assets
  
 
 
(3,038,932)

Total assets less current liabilities
  
80

  

Net assets
  
80


Capital and reserves
  

Called up share capital 
 6 
80

  
80


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 January 2025.




D A Creese
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
1ST FOLDING SLIDING HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

1.


General information

1st Folding Sliding Holdings Limited is a private company limited by shares, incorporated in England and Wales. The address of its registered office is 124 Finchley Road, London, England, NW3 5JS.
The company was incorporated on 20 July 2023. The company is an investment holding company therefore does not trade in its own right.
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.3

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Page 2

 
1ST FOLDING SLIDING HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.3
Financial instruments (continued)


Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
3,039,012



At 30 April 2024
3,039,012





5.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
1,000,000

Other creditors
2,039,012

3,039,012


Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

Page 3

 
1ST FOLDING SLIDING HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024

6.


Share capital

2024
£
Allotted, called up and fully paid


46 Ordinary A shares of £1.00 each
46
20 Ordinary B shares of £1.00 each
20
14 Ordinary C shares of £1.00 each
14

80


On incorporation, the company issued 46 Ordinary A shares of £1 each, 20 Ordinary B shares of £1 each, and 14 Ordinary C shares of £1 each, for cash at par. 


7.


Related party transactions

At the reporting date the company owed amounts totalling £515,000 to Loft Rooms.co.uk Limited, a company in which two of the directors have a controlling interest. The amount is not subject to interest and is repayable on demand.
At the reporting date the company owed amounts totaling £24,102 to Lubber Limited, a company under the control of A Newman, a director of the company. The amount is not subject to interest and is repayable on demand.
At the reporting date the company owed amounts totalling £1,000,000 to 1st Folding Sliding Doors Limited, a subsidiary company. The amount is not subject to interest and is repayable on demand.
The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.

Page 4