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Company Registration No. 14176610 (England and Wales)
Follnix Limited Unaudited accounts for the year ended 30 June 2025
Follnix Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Follnix Limited Company Information for the year ended 30 June 2025
Directors
AWE, Faridat Oyinkan Oladipo AWE
Company Number
14176610 (England and Wales)
Registered Office
10 Balfe Street London London N1 9EG England
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Follnix Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
670,635
670,635
Current assets
Debtors
5
40,790
33,828
Cash at bank and in hand
1,105
16,975
41,895
50,803
Net current assets
41,895
50,803
Total assets less current liabilities
712,530
721,438
Creditors: amounts falling due after more than one year
6
(741,255)
(745,241)
Net liabilities
(28,725)
(23,803)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(28,825)
(23,903)
Shareholders' funds
(28,725)
(23,803)
For the 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. 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 12 March 2026 and were signed on its behalf by
AWE, Faridat Oyinkan Director Company Registration No. 14176610
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Follnix Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Follnix Limited is a private company, limited by shares, registered in England and Wales, registration number 14176610. The registered office is 10 Balfe Street, London, London, N1 9EG, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2025
£
Fair value at 1 July 2024
670,635
At 30 June 2025
670,635
5
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
40,790
33,828
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
360,242
379,414
Other creditors
336,013
335,827
Accruals
45,000
30,000
741,255
745,241
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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