Silverfin false false 31/07/2024 01/08/2023 31/07/2024 L Robson 03/02/1997 25 July 2025 The principal activity of the company continued to be that of media consultancy. 03311237 2024-07-31 03311237 bus:Director1 2024-07-31 03311237 2023-07-31 03311237 core:CurrentFinancialInstruments 2024-07-31 03311237 core:CurrentFinancialInstruments 2023-07-31 03311237 core:Non-currentFinancialInstruments 2024-07-31 03311237 core:Non-currentFinancialInstruments 2023-07-31 03311237 core:ShareCapital 2024-07-31 03311237 core:ShareCapital 2023-07-31 03311237 core:RetainedEarningsAccumulatedLosses 2024-07-31 03311237 core:RetainedEarningsAccumulatedLosses 2023-07-31 03311237 core:PlantMachinery 2023-07-31 03311237 core:PlantMachinery 2024-07-31 03311237 2023-08-01 2024-07-31 03311237 bus:FilletedAccounts 2023-08-01 2024-07-31 03311237 bus:SmallEntities 2023-08-01 2024-07-31 03311237 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03311237 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03311237 bus:Director1 2023-08-01 2024-07-31 03311237 core:PlantMachinery 2023-08-01 2024-07-31 03311237 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 03311237 (England and Wales)

FROGNATION LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

FROGNATION LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

FROGNATION LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
FROGNATION LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTOR L Robson
SECRETARY M Robson
REGISTERED OFFICE 2 Leman Street
London
E1W 9US
United Kingdom
COMPANY NUMBER 03311237 (England and Wales)
ACCOUNTANT Gravita Business Services II Limited
Aldgate Tower
2 Leman Street
London
E1 8FA
United Kingdom
FROGNATION LIMITED

BALANCE SHEET

As at 31 July 2024
FROGNATION LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 31.07.2024 31.07.2023
£ £
Fixed assets
Tangible assets 3 1,698 1,010
1,698 1,010
Current assets
Debtors 4 2,691 136
Cash at bank and in hand 20,996 90,937
23,687 91,073
Creditors: amounts falling due within one year 5 ( 8,267) ( 79,933)
Net current assets 15,420 11,140
Total assets less current liabilities 17,118 12,150
Creditors: amounts falling due after more than one year 6 ( 5,000) ( 8,000)
Net assets 12,118 4,150
Capital and reserves
Called-up share capital 2 2
Profit and loss account 12,116 4,148
Total shareholder's funds 12,118 4,150

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Frognation Limited (registered number: 03311237) were approved and authorised for issue by the Director on 25 July 2025. They were signed on its behalf by:

L Robson
Director
FROGNATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
FROGNATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Frognation Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT where applicable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 - 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

31.07.2024 31.07.2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 August 2023 2,769 2,769
Additions 1,333 1,333
At 31 July 2024 4,102 4,102
Accumulated depreciation
At 01 August 2023 1,759 1,759
Charge for the financial year 645 645
At 31 July 2024 2,404 2,404
Net book value
At 31 July 2024 1,698 1,698
At 31 July 2023 1,010 1,010

4. Debtors

31.07.2024 31.07.2023
£ £
Other debtors 2,691 136

5. Creditors: amounts falling due within one year

31.07.2024 31.07.2023
£ £
Bank loans 3,000 3,000
Taxation and social security 3,485 0
Other creditors 1,782 76,933
8,267 79,933

6. Creditors: amounts falling due after more than one year

31.07.2024 31.07.2023
£ £
Bank loans 5,000 8,000

7. Related party transactions

At the year end, the company owed £82 (2023: £425) to the director of the company, in respect of an interest free loan which is repayable on demand.