1 July 2023 false No description of principal activity Taxfiler 2024.6 14176610business:PrivateLimitedCompanyLtd2023-07-012024-06-30 141766102023-06-30 141766102023-07-012024-06-30 14176610business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 14176610business:FilletedAccounts2023-07-012024-06-30 141766102024-06-30 14176610business:Director12023-07-012024-06-30 14176610business:Director22023-07-012024-06-30 14176610business:RegisteredOffice2023-07-012024-06-30 141766102023-06-30 14176610core:AfterOneYear2024-06-30 14176610core:AfterOneYear2023-06-30 14176610core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 14176610core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 14176610core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 14176610core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 14176610core:PreviouslyStatedAmount2024-06-30 14176610core:PreviouslyStatedAmount2023-06-30 14176610business:SmallEntities2023-07-012024-06-30 14176610countries:EnglandWales2023-07-012024-06-30 141766102022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 14176610 (England and Wales)
Follnix Limited Unaudited accounts for the year ended 30 June 2024
Follnix Limited Unaudited accounts Contents
Page
- 2 -
Follnix Limited Company Information for the year ended 30 June 2024
Directors
AWE, Faridat Oyinkan Oladipo AWE
Company Number
14176610 (England and Wales)
Registered Office
10 Balfe Street London London N1 9EG England
- 3 -
Follnix Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
670,635 
670,635 
Current assets
Debtors
33,828 
33,828 
Cash at bank and in hand
16,975 
2,820 
50,803 
36,648 
Net current assets
50,803 
36,648 
Total assets less current liabilities
721,438 
707,283 
Creditors: amounts falling due after more than one year
(745,241)
(720,579)
Net liabilities
(23,803)
(13,296)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(23,903)
(13,396)
Shareholders' funds
(23,803)
(13,296)
For the year ending 30 June 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 9 March 2025 and were signed on its behalf by
AWE, Faridat Oyinkan Director Company Registration No. 14176610
- 4 -
Follnix Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Follnix Limited is a private company, limited by shares, registered in England and Wales, registration number 14176610. The registered office is 10 Balfe Street, London, London, N1 9EG, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 July 2023
670,635 
At 30 June 2024
670,635 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
33,828 
33,828 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
379,414 
397,591 
Other creditors
335,827 
307,988 
Accruals
30,000 
15,000 
745,241 
720,579 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -