# THE WISE FOLLY LTD (SC609023)

> THE WISE FOLLY LTD is an active (proposal to strike off) private limited company (company number SC609023) incorporated on 25 September 2018, registered in North Berwick. Its registered activity is hotels and similar accommodation (SIC 55100). Latest micro accounts cover the period ending 30 September 2024, showing net assets of £4,236, with 1 employee on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets rose 11% on the prior period (£3,824).

- Status: Active - Proposal to Strike off
- Incorporated: 2018-09-25
- Registered office: North Berwick, EH39 4AN
- SIC 55100: Hotels and similar accommodation
- Next accounts due: 2026-06-30
- Confirmation statement due: 2027-10-09
- Accounts type: MICRO ENTITY

By net assets it sits in the upper half of 260 comparable companies in Edinburgh (median £1, upper quartile £66k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-09-30 | £4,236 | — | — | — | — | — | 1 |
| 2023-09-30 | £3,824 | — | — | — | — | — | 1 |

size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net assets £4,236 at 30 September 2024
- Net assets up 10% or more on the prior period: +10.8% vs prior period
- Incorporated five or more years ago: Incorporated 25 September 2018
- Register status is not Active: Active - Proposal to Strike off

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Gareth Lancefield Cotten — owns 75–100% of shares; holds 75–100% of voting rights; can appoint or remove directors, since 2018-09-25

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/SC609023
HTML: https://firmoscan.com/company/SC609023-the-wise-folly-ltd