Frolo Ltd Accounts






Frolo Ltd

	Company No. 11559309
		Information for Filing with The Registrar
		30 September 2024

The Director presents her report and the accounts for the year ended 30 September 2024.

Principal activities
The principal activity of the company continued to be that of data processing, hosting and related activities.




Going concern

The director has considered the company’s financial position and future funding requirements. Having regard to the ongoing support of the director and connected parties, the director considers it appropriate to prepare the financial statements on a going concern basis.

Director

The Director who served at any time during the year was as follows:

Z. Desmond









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Z. Desmond
Director
25 September 2025

at	30 September 2024
Company No.		11559309	Notes	2024	2023
				£	£
Fixed assets
	Intangible assets		4	740,367	867,804
	Tangible assets		5	-	-


				740,367	867,804
Current assets

	Debtors		6	12,459	707

	Cash at bank and in hand			4,709	100,043
				17,168	100,750
Creditors: Amount falling due within one year			7	(616,256)	(594,993)
Net current liabilities				(599,088)	(494,243)
Total assets less current liabilities				141,279	373,561
Creditors: Amounts falling due after more than one year			8	(985,952)	(983,452)



Net liabilities				(844,673)	(609,891)

Capital and reserves
	Called up share capital			1	1
	Share premium account		10	1,153,501	1,045,001


	Profit and loss account		10	(1,998,175)	(1,654,893)

Total equity				(844,673)	(609,891)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 September 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 25 September 2025 and signed on its behalf by:
Z. Desmond
Director
25 September 2025

for the year ended 30 September 2024

General information

Frolo Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11559309

Its registered office is:

85 Great Portland Street

First Floor

London

W1W 7LT

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting convention

The financial statements have been prepared in accordance with FRS 102 Section 1A, under the historical cost convention. The functional and presentational currency of the company is pounds sterling. Monetary amounts in these financial statements are rounded to the nearest pound.

The functional and presentational currency of the company is pounds sterling.

Monetary amounts in these financial statements are rounded to the nearest pound.

Accounting policies

Turnover

Turnover represents income from subscriptions, advertising, and other services provided through the Frolo mobile application. Subscription income is recognised on a straight-line basis over the period of the subscription as the service is provided. Income from advertising and other services is recognised when the service is delivered. All amounts are measured at fair value and presented net of value added tax.

Intangible fixed assets

Intangible assets are measured at cost less accumulated amortisation and impairment. Development costs are capitalised when they meet the recognition criteria in FRS 102. Amortisation is provided on a straight-line basis over an estimated useful life of ten years and begins when the asset is available for use.

Research and development costs

Research expenditure is written off in the year it is incurred. Development expenditure is capitalised when technical, commercial and financial feasibility can be demonstrated. Capitalised development costs are amortised on a straight-line basis over ten years, beginning when the asset is available for use.

Taxation

The tax expense represents the corporation tax payable for the year. Current tax is based on taxable profit for the year. Taxable profit differs from the profit reported in the profit and loss account because it excludes items that are taxable or deductible in other years and items that are never taxable or deductible. Current tax is calculated using rates that have been enacted or substantively enacted by the reporting date.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and impairment. Depreciation is charged on a straight-line basis to write off the cost of assets over their estimated useful lives as follows:

• Computers: 33% per annum

The gain or loss on disposal of an asset is the difference between the sale proceeds and the carrying value of the asset, and is recognised in profit or loss.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Intangible fixed assets
			Development costs	Total
			£	£
		Cost
		At 1 October 2023	1,192,563	1,192,563
		Additions	(7,437)	(7,437)

		At 30 September 2024	1,185,126	1,185,126
		Amortisation and impairment
		At 1 October 2023	324,759	324,759
		Charge for the year	120,000	120,000


		At 30 September 2024	444,759	444,759
		Net book values
		At 30 September 2024	740,367	740,367
		At 30 September 2023	867,804	867,804

5	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 October 2023	4,965	4,965




		At 30 September 2024	4,965	4,965
		Depreciation
		At 1 October 2023	4,965	4,965




		At 30 September 2024	4,965	4,965
		Net book values
		At 30 September 2024	-	-
		At 30 September 2023	-	-

6	Debtors
			2024	2023
			£	£
		Trade debtors	-	480



		VAT recoverable	3,221	-

		Other debtors	4,381	-
		Prepayments and accrued income	4,857	227
			12,459	707

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£




		Trade creditors	9,935	27,080

		Taxes and social security	-	(16,406)
		Loans from directors	602,955	582,072
		Other creditors	-	22
		Accruals and deferred income	3,366	2,225
			616,256	594,993

8	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£


		Other loans	510,952	508,452



		Other creditors	475,000	475,000

			985,952	983,452

Share Capital

At 30 September 2024, the company’s issued share capital comprised the following:

• Ordinary shares of £0.000001 each: 1,254,012 (2023: 1,150,378). Ordinary shares carry full voting and dividend rights.

• Seed shares of £0.000001 each: 258,598 (2023: 258,598). Seed shares carry full voting and dividend rights.

• VN shares of £0.000001 each: 16,000 (2023: 16,000). VN shares carry dividend rights but no voting rights.

All shares are issued, called up and fully paid.

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.