Falkna Limited
Unaudited Financial Statements
For the year ended 31 May 2025
Pages for Filing with Registrar
Company Registration No. 11268929 (England and Wales)
Falkna Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Falkna Limited
Balance Sheet
As at 31 May 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
577,904
586,494
Current assets
Debtors
4
114,521
150
Cash at bank and in hand
2,284
488,195
116,805
488,345
Creditors: amounts falling due within one year
5
(139,789)
(145,687)
Net current (liabilities)/assets
(22,984)
342,658
Net assets
554,920
929,152
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
554,820
929,052
Total equity
554,920
929,152

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 29 April 2026
M Coel
Director
Company Registration No. 11268929
Falkna Limited
Notes to the Financial Statements
For the year ended 31 May 2025
Page 2
1
Accounting policies
Company information

Falkna Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6th Floor, Charlotte Building, 17 Gresse Street, London, United Kingdom, W1T 1QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.3
Fixed asset investments

Except as stated below, non-current investments, including investments in subsidiaries are shown at cost less provision for impairment.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Falkna Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2025
1
Accounting policies
(Continued)
Page 3
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Fixed asset investments
2025
2024
£
£
Other investments other than loans
577,904
586,494
Falkna Limited
Notes to the Financial Statements (Continued)
For the year ended 31 May 2025
3
Fixed asset investments
(Continued)
Page 4
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 June 2024
586,494
Valuation changes
(8,590)
At 31 May 2025
577,904
Carrying amount
At 31 May 2025
577,904
At 31 May 2024
586,494
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
114,521
150
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
5,650
-
0
Corporation tax
-
0
4,249
Other creditors
-
7,299
Accruals and deferred income
134,139
134,139
139,789
145,687
6
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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