Registration number: 14347128

The Frock Exchange Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

The Frock Exchange Ltd

Company Information

Director

C L Taylor

Registered office

Longlands Hall Ryton Malton North Yorkshire YO17 6RZ

The Frock Exchange Ltd

(Registration number: 14347128)
Balance Sheet as at 30 September 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	-	822
Current assets
Debtors	5	37	2,165
Cash at bank and in hand		-	1,293
		37	3,458
Creditors: Amounts falling due within one year	6	(29,307)	(22,598)
Net current liabilities		(29,270)	(19,140)
Net liabilities		(29,270)	(18,318)
Capital and reserves
Called up share capital		300	300
Retained earnings		(29,570)	(18,618)
Shareholders' deficit		(29,270)	(18,318)

For the financial year ending 30 September 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 members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 September 2025
 

......................................... C L Taylor Director

The Frock Exchange Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales and the company registration number is 14347128.

The address of its registered office is:
Longlands Hall
Ryton
Malton
North Yorkshire
YO17 6RZ

These financial statements were authorised for issue by the director on 26 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

The director is aware that there is doubt over the going concern of the entity due to the insolvent balance sheet total of £29,270. This is partly due to a directors loan balance of £26,884. The director has confirmed that they will not seek repayment of the amount until the entity is in a position where it is able to repay it.

The director has confirmed that they will continue to support the entity in repaying debts and are satisfied that the going concern basis may be used.

Revenue recognition

Turnover arises from the sale of goods. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the sale of clothing in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, which is when the goods are delivered to the customer.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

The Frock Exchange Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 3 (2023 - 4).

The Frock Exchange Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 October 2023	1,027	1,027
Disposals	(1,027)	(1,027)
At 30 September 2024	-	-
Depreciation
At 1 October 2023	205	205
Eliminated on disposal	(205)	(205)
At 30 September 2024	-	-
Carrying amount
At 30 September 2024	-	-
At 30 September 2023	822	822

5

Debtors

	2024 £	2023 £
Other debtors	37	1
Prepayments	-	2,164
	37	2,165

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	26,884	17,150
Trade creditors		-	3,377
Accruals and deferred income		2,423	2,071
		29,307	22,598

7	Loans and borrowings

Current loans and borrowings

The Frock Exchange Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

	2024 £	2023 £
Other borrowings	26,884	17,150

Other borrowings relate to an unsecured directors loan account.

8	Related party transactions

Other transactions with the Director

At the year end, the company owed the director £26,884 (2023: £17,150). This amount is unsecured, interest free and repayable on demand.