3 26 January 2026 false false false false false false false false false false true false false false false false false No description of principal activity 2025-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 99,053 39,621 19,811 59,432 39,621 59,432 10,901 16,101 27,002 6,427 4,418 10,845 16,157 4,474 xbrli:pure xbrli:shares iso4217:GBP 12007111 2025-01-01 2025-12-31 12007111 2025-12-31 12007111 2024-12-31 12007111 2024-01-01 2024-12-31 12007111 2024-12-31 12007111 2023-12-31 12007111 core:NetGoodwill 2025-01-01 2025-12-31 12007111 core:PlantMachinery 2025-01-01 2025-12-31 12007111 bus:Director1 2025-01-01 2025-12-31 12007111 core:NetGoodwill 2024-12-31 12007111 core:NetGoodwill 2025-12-31 12007111 core:PlantMachinery 2024-12-31 12007111 core:PlantMachinery 2025-12-31 12007111 core:WithinOneYear 2025-12-31 12007111 core:WithinOneYear 2024-12-31 12007111 core:ShareCapital 2025-12-31 12007111 core:ShareCapital 2024-12-31 12007111 core:RetainedEarningsAccumulatedLosses 2025-12-31 12007111 core:RetainedEarningsAccumulatedLosses 2024-12-31 12007111 core:NetGoodwill 2024-12-31 12007111 core:PlantMachinery 2024-12-31 12007111 bus:SmallEntities 2025-01-01 2025-12-31 12007111 bus:Audited 2025-01-01 2025-12-31 12007111 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 12007111 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 12007111 bus:FullAccounts 2025-01-01 2025-12-31
COMPANY REGISTRATION NUMBER: 12007111

Folio3 Software UK Limited

Filleted Financial Statements

31 December 2025

Folio3 Software UK Limited

Statement of Financial Position

31 December 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Intangible assets | 5 | 39,621 | 59,432
Tangible assets | 6 | 16,157 | 4,474
| -------- | --------
| 55,778 | 63,906

Current assets

Debtors | 7 | 338,952 | 356,220
Cash at bank and in hand | 50,905 | 175,853
| --------- | ---------
| 389,857 | 532,073

Creditors: amounts falling due within one year | 8 | 590,781 | 1,020,275
| --------- | ------------
Net current liabilities | 200,924 | 488,202
| --------- | ---------
Total assets less current liabilities | ( 145,146) | ( 424,296)
| --------- | ---------
Net liabilities | ( 145,146) | ( 424,296)
| --------- | ---------

Capital and reserves

Called up share capital | 1,000 | 1,000
Profit and loss account | ( 146,146) | ( 425,296)
| --------- | ---------
Shareholders deficit | ( 145,146) | ( 424,296)
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 26 January 2026 , and are signed on behalf of the board by:

Mr S Azeem
Director

Company registration number: 12007111

Folio3 Software UK Limited

Notes to the Financial Statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales, registration number 12007111 . The address of the registered office is 2nd Floor Export House, Wolsey Walk, Woking, Surrey, GU21 6QX, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity and is rounded to the nearest £.
Going concern
The financial statements have been prepared on a going concern basis which the directors believe to be appropriate. The Company has received assurances from its ultimate holding company that sufficient funds will be made available to allow the Company and its immediate parent company to continue trading as a going concern for the foreseeable future.
Revenue recognition
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 30% reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 5 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1 January 2025 and 31 December 2025 | 99,053
| --------
Amortisation |
At 1 January 2025 | 39,621
Charge for the year | 19,811
| --------
At 31 December 2025 | 59,432
| --------
Carrying amount |
At 31 December 2025 | 39,621
| --------
At 31 December 2024 | 59,432
| --------

6. Tangible assets

| Plant and machinery
| £
Cost |
At 1 January 2025 | 10,901
Additions | 16,101
| --------
At 31 December 2025 | 27,002
| --------
Depreciation |
At 1 January 2025 | 6,427
Charge for the year | 4,418
| --------
At 31 December 2025 | 10,845
| --------
Carrying amount |
At 31 December 2025 | 16,157
| --------
At 31 December 2024 | 4,474
| --------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 330,157 | 346,890
Amounts owed by group undertakings and undertakings in which the company has a participating interest | 8,481 | 8,481
Other debtors | 314 | 849
| --------- | ---------
| 338,952 | 356,220
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 538,446 | 954,802
Social security and other taxes | 45,635 | 59,073
Other creditors | 6,700 | 6,400
| --------- | ------------
| 590,781 | 1,020,275
| --------- | ------------

9. Summary audit opinion
The auditor's report dated 26 January 2026 was unqualified , however, the auditor drew attention to the following by way of emphasis.
We draw attention to note 3 of the financial statements, which describes the going concern basis of the entity with the entity being supported by the parent company. Our opinion is not modified in this matter.
The senior statutory auditor was Sam McManners BA ACA , for and on behalf of TTCA Ltd .
10. Related party transactions
During the year the company purchased services of £35,400 (2024: £400) from a sports club that is related by having a common director and shareholder.
11. Controlling party
The results of the company are consolidated by the parent company Folio3 Delaware, Inc. The registered address is 160 Bovet Road, Suite 101, San Mateo, CA 94002, USA. The ultimate controlling entity is Folio3 Delaware Inc. Which is itself controlled by the director and shareholder, Adnan Husain Lawai, who is considered to be the ultimate controlling party.