Company Registration No. 14925649 (England and Wales)
Folio Developments Limited
Unaudited accounts
for the year ended 31 March 2025
Folio Developments Limited
Unaudited accounts
Contents
Folio Developments Limited
Company Information
for the year ended 31 March 2025
Directors
Ardeshir Naghshineh
Corin Thoday
Company Number
14925649 (England and Wales)
Registered Office
Riverside House 11-13 Riverside Road
Norwich
NR1 1SQ
England
Folio Developments Limited
Statement of financial position
as at 31 March 2025
Creditors: amounts falling due within one year
(104,617)
-
Net current liabilities
(2,336)
-
Called up share capital
300
300
Profit and loss account
(2,636)
(300)
Shareholders' funds
(2,336)
-
For the year ending 31 March 2025 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by
Corin Thoday
Director
Company Registration No. 14925649
Folio Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
Folio Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 14925649. The registered office is Riverside House 11-13 Riverside Road, Norwich, NR1 1SQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
At the year end the Company owed £105,084 (2024 : £Nil) to companies under common control.
The company is also owed £102,281 (2024: £Nil) by third parties.
The Company has received undertakings from its parent company Targetfollow Group Ltd that sufficient funds will be made available to enable the Company to meet its obligations for the foreseeable future and in any case for at least the 12 months following the date of these accounts.
Amounts falling due after more than one year
5
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
105,084
-
The company is controlled by Targetfollow Group Limited and, in the opinion of the directors, this is the company's ultimate parent company. The ultimate controlling party is the director and shareholder of Targetfollow Group Limited, A Naghshineh.
The parent undertaking of the largest and smallest group for which consolidated accounts are prepared is Targetfollow Group Ltd. Consolidated accounts are available from Companies House.
Folio Developments Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).