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REGISTERED NUMBER: 04406733 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Folly Field Estates Limited

Folly Field Estates Limited (Registered number: 04406733)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Folly Field Estates Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: W M Chandler





SECRETARY: Mrs D C Chandler





REGISTERED OFFICE: 10 High Street
CARDIGAN
Ceredigion
SA43 1HJ





REGISTERED NUMBER: 04406733 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Manchester House
Grosvenor Hill
Cardigan
Ceredigion
SA43 1HY

Folly Field Estates Limited (Registered number: 04406733)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 145,433 145,587

CURRENT ASSETS
Debtors 5 - 11,796
Cash at bank 2,005 -
2,005 11,796
CREDITORS
Amounts falling due within one year 6 62,788 50,623
NET CURRENT LIABILITIES (60,783 ) (38,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,650

106,760

CREDITORS
Amounts falling due after more than one
year

7

12,284

26,324
NET ASSETS 72,366 80,436

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 72,356 80,426
SHAREHOLDERS' FUNDS 72,366 80,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Folly Field Estates Limited (Registered number: 04406733)

Balance Sheet - continued
31 March 2025


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 director and authorised for issue on 5 June 2025 and were signed by:





W M Chandler - Director


Folly Field Estates Limited (Registered number: 04406733)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Folly Field Estates Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 144,054 1,295 12,161 157,510
DEPRECIATION
At 1 April 2024 - 986 10,937 11,923
Charge for year - 31 123 154
At 31 March 2025 - 1,017 11,060 12,077
NET BOOK VALUE
At 31 March 2025 144,054 278 1,101 145,433
At 31 March 2024 144,054 309 1,224 145,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors - 11,796

Folly Field Estates Limited (Registered number: 04406733)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts - 4,716
Trade creditors 37,250 31,950
Taxation and social security 5,070 11,274
Other creditors 20,468 2,683
62,788 50,623

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 12,284 26,324