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Registration number: 10219028

Folklands Limited
Annual Report and Unaudited Abridged Financial Statements
for the Year Ended 30 June 2025

Folklands Limited

(Registration number: 10219028)
Abridged Balance Sheet as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 1,292 | 1,723
Investment property |  | 191,967 | 191,967
|  | 193,259 | 193,690
Current assets |  |  |
Debtors |  | 4,000 | 4,000
Cash at bank and in hand |  | 263,989 | 200,757
|  | 267,989 | 204,757
Creditors: Amounts falling due within one year |  | (98,198) | (93,012)
Net current assets |  | 169,791 | 111,745
Total assets less current liabilities |  | 363,050 | 305,435
Accruals and deferred income |  | (3,000) | (3,000)
Net assets |  | 360,050 | 302,435
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 360,048 | 302,433
Shareholders' funds |  | 360,050 | 302,435

For the financial year ending 30 June 2025 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 his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 31 December 2025

Folklands Limited

(Registration number: 10219028)
Abridged Balance Sheet as at 30 June 2025

......................................... Mr Richard James Marsh Director

Folklands Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

1 | 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 abridged 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 abridged 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.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 5).

3 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 July 2024 | 7,756 | 7,756
At 30 June 2025 | 7,756 | 7,756
Depreciation
At 1 July 2024 | 6,033 | 6,033
Charge for the year | 431 | 431
At 30 June 2025 | 6,464 | 6,464
Carrying amount
At 30 June 2025 | 1,292 | 1,292
At 30 June 2024 | 1,723 | 1,723

Investment properties

Folklands Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

| 2025 £
At 1 July | 191,967

There has been no valuation of investment property by an independent valuer.