Surf AccountsProduction v1.0.0 v1.0.0 2021-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the management of property on behalf of its owners. 5 August 2022 0 0 04097688 2022-03-31 04097688 2021-03-31 04097688 2020-03-31 04097688 2021-04-01 2022-03-31 04097688 2020-04-01 2021-03-31 04097688 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 04097688 uk-bus:AbridgedAccounts 2021-04-01 2022-03-31 04097688 uk-core:ShareCapital 2022-03-31 04097688 uk-core:ShareCapital 2021-03-31 04097688 uk-core:OtherReservesSubtotal 2022-03-31 04097688 uk-core:OtherReservesSubtotal 2021-03-31 04097688 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 04097688 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-03-31 04097688 uk-bus:FRS102 2021-04-01 2022-03-31 04097688 2021-04-01 2022-03-31 04097688 uk-bus:Director1 2021-04-01 2022-03-31 04097688 uk-bus:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 04097688
 
 
Fieldmill Management Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2022
Fieldmill Management Limited
Company Registration Number: 04097688
ABRIDGED STATEMENT OF FINANCIAL POSITION
as at 31 March 2022

2022 2021
Notes £ £
 
Current Assets
Receivables 8,398 12,352
Cash and cash equivalents 22,383 21,026
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30,781 33,378
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Payables: amounts falling due within one year (28,231) (30,828)
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Net Current Assets 2,550 2,550
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Total Assets less Current Liabilities 2,550 2,550
═════════ ═════════
 
Equity
Called up share capital 50 50
Other reserves 2,500 2,500
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Equity attributable to owners of the company 2,550 2,550
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These abridged financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Director's Report.
           
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Director and authorised for issue on 5 August 2022
           
           
           
________________________________          
Patrick Gibney          
Director          
           



Fieldmill Management Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2022

   
1. General Information
 
Fieldmill Management Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 04097688. The registered office of the company is C/O 2 Mitcham Road, Tooting Broadway, London, SW17 0TF, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2022 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.
 
Income
Revenue represents net service charges and sinking fund contributions received and receivable from unit holders/tenants for the period.

Where collectability is not assured, revenue is recognised when it is probable that the economic benefits associated with the transaction will flow to the company. A provision for bad and doubtful debts is recognised where Directors deem that collectability is not assured.

Where a deficit arises for the financial year, this is transfered against the sinking fund reserve.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Statement of Financial Position bank overdrafts are shown within Payables.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
The company is not established for the profit or gain of its members. The company is solely trading for the mutual benefit of its members and accordingly is only liable to Corporation Tax on non mutual profits.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Significant accounting judgements and key sources of estimation uncertainty
 
The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 0, (2021 - 0).
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2022.
   
6. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.