Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false2023-04-01No description of principal activity1false1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14005479 2023-04-01 2024-03-31 14005479 2022-04-01 2023-03-31 14005479 2024-03-31 14005479 2023-03-31 14005479 c:Director1 2023-04-01 2024-03-31 14005479 d:CurrentFinancialInstruments 2024-03-31 14005479 d:CurrentFinancialInstruments 2023-03-31 14005479 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14005479 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14005479 d:ShareCapital 2024-03-31 14005479 d:ShareCapital 2023-03-31 14005479 d:RetainedEarningsAccumulatedLosses 2024-03-31 14005479 d:RetainedEarningsAccumulatedLosses 2023-03-31 14005479 c:OrdinaryShareClass1 2023-04-01 2024-03-31 14005479 c:OrdinaryShareClass1 2024-03-31 14005479 c:OrdinaryShareClass1 2023-03-31 14005479 c:FRS102 2023-04-01 2024-03-31 14005479 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14005479 c:FullAccounts 2023-04-01 2024-03-31 14005479 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14005479 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 14005479














FOLIA DEVELOPMENTS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
FOLIA DEVELOPMENTS LTD
REGISTERED NUMBER:14005479

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
100

Cash at bank and in hand
  
132,478
-

  
132,478
100

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(46,195)
-

  

Net assets
  
86,283
100


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
86,183
-

  
86,283
100


The Director considers 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 year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his 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 comprehensive income 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 26 June 2025.




R Barclay
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
FOLIA DEVELOPMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Folia Developments Ltd is a limited liability company registered in England and Wales. It's registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, London, W1K 3NB.
The principal activity of the Company during the year was that of Consultancy services and Property Maintenance.
The financial statements are presented in £ sterling, which is the functional currency of the Company.

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

Turnover

Turnover is measured at the fair value of amounts receivable in respect of services provided in the year, net of trade discounts and excluding Value Added Tax.
The Company recognises revenue from services when the service has been provided.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


Page 2

 
FOLIA DEVELOPMENTS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties. 
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties. 
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method. 


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 -1).


4.


Debtors

2024
2023
£
£


Other debtors
-
100



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
35,060
-

Other creditors
9,901
-

Accruals and deferred income
1,234
-

46,195
-



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 -100) Ordinary shares of £1.00 each
100
100


 
Page 3