REGISTERED NUMBER: 12454248 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

FOLIO400 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E H M Coles

REGISTERED OFFICE:

2nd Floor

Medway Bridge House

1 - 8 Fairmeadow

Maidstone

Kent

ME14 1JP

REGISTERED NUMBER:

12454248 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

2nd Floor

Medway Bridge House

1-8 Fairmeadow

Maidstone

Kent

ME14 1JP

FIXED ASSETS

Intangible assets

4

173,334

198,163

CURRENT ASSETS

Debtors

5

100

18,600

Cash at bank

7,691

543

7,791

19,143

CREDITORS

Amounts falling due within one year

6

286,536

299,340

NET CURRENT LIABILITIES

(278,745

)

(280,197

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(105,411

)

(82,034

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(105,511

)

(82,134

)

SHAREHOLDERS' FUNDS

(105,411

)

(82,034

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 January 2026 and were signed by:

E H M Coles - Director

1.	STATUTORY INFORMATION

Folio400 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Going concern

Accounting standards require the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that he considers that the going concern basis remains appropriate. The director believes that the company has sufficient resources to continue in operational existence for the foreseeable future. The company's only significant liability is an amount owed to the director, who has confirmed that he will not demand repayment at the detriment of the company's ability to continue as a going concern.

Thus he continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation will be based on the estimate of the useful economic life, once the intangible asset is ready to use and income is expected to be generated.

Documentary costs are being amortised evenly over their estimated useful life of 10 years.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with no significant risk of change in value.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

Website

Documentary

intangibles

Totals

£

£

£

£

Cost

At 29 February 2024

96,907

57,396

49,600

203,903

Additions

3,910

2,000

-

5,910

Impairments

-

-

(24,800

)

(24,800

)

At 28 February 2025

100,817

59,396

24,800

185,013

Amortisation

At 29 February 2024

-

5,740

-

5,740

Amortisation for year

-

5,939

-

5,939

At 28 February 2025

-

11,679

-

11,679

Net book value

At 28 February 2025

100,817

47,717

24,800

173,334

At 28 February 2024

96,907

51,656

49,600

198,163

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

18,500

Other debtors

100

100

100

18,600

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,400

2,325

Other creditors

284,136

297,015

286,536

299,340

7.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed its director £273,084 (2024: £280,084). The amount is interest free, has no repayment terms attached and has been included in creditors.