Company Overview
Follies Trust - The is listed at the official companies registry as Active Private Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption. The company was incorporated on Wednesday 26 July 2006, so this is a well established company. Follies Trust - The has been in business for 19 years and 8 months. The accounts status is micro entity and the accounts are next due on Thursday 30 July 2026.
Registered Address

105 Somerset Studios, Marcus Ward Street, Belfast, BT7 1RP
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Companies House Data
Company NameFOLLIES TRUST - THE
Company NumberNI060272
Registered Office Address105 Somerset Studios
 Marcus Ward Street
 BT7 1RP
Company CategoryPrivate Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date26/07/2006
Accounting Reference Date Day30
Accounting Reference Date Month10
Accounts Next Due Date30/07/2026
Accounts Last Made Up Date30/10/2024
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date23/08/2016
Returns Last Made Up Date26/07/2015
Directors & Members
Show Resigned
Hilary Heslip - Director
(British, 76 years old, born October 1950)
Appointed 28 January 2015
 Active
Robert Logan - Director
(British, 68 years old, born June 1958)
Appointed 09 August 2018
 Active
Camilla McAleese - Director
(Irish, 81 years old, born July 1945)
Appointed 04 February 2016
 Active
Finbar McCormick - Director
(Irish, 72 years old, born October 1954)
Appointed 26 July 2006
 Active
Evelyn Mullally - Director
(British, 82 years old, born August 1944)
Appointed 13 May 2011
 Active
Timothy Rankin - Director
(British, 41 years old, born July 1985)
Appointed 01 February 2018
 Active
Bernadette Solon - Director
(Irish, 75 years old, born May 1951)
Appointed 16 March 2022
 Active
Edward Wilson - Director
(British, 86 years old, born May 1940)
Appointed 26 July 2006
 Active
Primose Wilson - Director
(British, 79 years old, born April 1947)
Appointed 26 July 2006
 Active
Secretaries
Edward Wilson - Secretary
Appointed 26 July 2006
 Active
Other Company Directorships
Hilary Heslip
No companies found
Robert Logan
No companies found
Camilla McAleese
IRISH LANDMARK TRUST LIMITED - THE
Finbar McCormick
KINDER HOUSE
PALATINE TRUST-THE
Evelyn Mullally
ULSTER HISTORIC CHURCHES TRUST
Timothy Rankin
No companies found
Bernadette Solon
No companies found
Edward Wilson
ADS ON FLOORS LIMITED
CENTRE FOR COMPETITIVENESS (NI) LIMITED
GRIFFITH TEXTILE MACHINES LIMITED
MAYFAIR BUSINESS CENTRE LTD
NORTHERN IRELAND QUALITY CENTRE LIMITED-THE
NORTHERN IRELAND QUALITY FOUNDATION EDUCATIONAL TRUST
THE CENTRE FOR CELTIC SPIRITUALITY
ULSTER CARPET MILLS (HOLDINGS) LIMITED
ULSTER CARPET MILLS (HOLDINGS) LIMITED
ULSTER CARPET MILLS ENGINEERING (R&D) LIMITED
ULSTER CARPET MILLS LIMITED
ULSTER CARPET MILLS MERGED PENSION PLAN TRUSTEE LIMITED
ULSTER YARNS LIMITED
Primose Wilson
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Oct-2024 30-Oct-2022 30-Oct-2021
Balance Sheet
Fixed Assets 0 0 0
Current Assets 43,540 43,540 43,865
Creditors Due Within One Year 580 580 930
Working Cap 42,960 42,960 42,935
Total Assets Less Current Liabilities 42,960 42,960 42,935
Long-term Liabilities 0 0 0
Net Assets 42,960 42,960 42,935
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 42,960 42,960 42,935
Common Size Financial Analysis Unlock full report
Accounts Date 30-Oct-2024 30-Oct-2022 30-Oct-2021
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 1.3% 1.3% 2.1%
Net Current Assets Liabilities 98.7% 98.7% 97.9%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 98.7% 98.7% 97.9%
Capital Employed - - -
Total Assets Less Current Liabilities 98.7% 98.7% 97.9%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Oct-2024 30-Oct-2022 30-Oct-2021
Liquidity Ratio 75.1 75.1 47.2
Solvency Ratio 75.1 75.1 47.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Oct-2024 30-Oct-2022 30-Oct-2021
Assets 43,540 43,540 43,865
Debt 580 580 930
Net Assets/Debt 42,960 42,960 42,935

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around BT7 1RP
LUCID K LTD
203 Somerset Studios, Marcus Ward Street, Belfast, BT7 1RP
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