REGISTERED NUMBER: |
Fields Group Limited |
Financial Statements for the Year Ended 31 December 2022 |
REGISTERED NUMBER: |
Fields Group Limited |
Financial Statements for the Year Ended 31 December 2022 |
Fields Group Limited (Registered number: 05728410) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Fields Group Limited |
Company Information |
for the Year Ended 31 December 2022 |
Directors: |
Registered office: |
Registered number: |
Auditors: |
7 Neptune Court |
Vanguard Way |
Cardiff |
CF24 5PJ |
Fields Group Limited (Registered number: 05728410) |
Balance Sheet |
31 December 2022 |
2022 | 2021 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
Current assets |
Debtors | 7 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Retained earnings |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Fields Group Limited (Registered number: 05728410) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | Statutory information |
Fields Group Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | Employees and directors |
The average number of employees during the year was |
Fields Group Limited (Registered number: 05728410) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
4. | Tangible fixed assets |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
Cost |
At 1 January 2022 |
Additions |
At 31 December 2022 |
Depreciation |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
At 31 December 2021 |
5. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 January 2022 |
Additions |
Reversal of impairments | ( |
) |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
At 31 December 2021 |
Subsidiary Undertakings | Class of Share | Percentage of shares held % |
Field Associates Limited | Ordinary | 100 |
Field Asset Management Limited | Ordinary | 100 |
Quickie Divorce Limited | Ordinary | 100 |
Fields Administration Limited | Ordinary | 100 |
UK Digital Solutions Limited | Ordinary | 100 |
Clinica De Datos Limited | Ordinary | 100 |
Daten Phoenix Limited | Ordinary | 100 |
Clinique De Donnees Limited | Ordinary | 100 |
Rapid Data Recovery Limited | Ordinary | 100 |
Endeavour Law Limited | Ordinary | 75 |
6. | Investment property |
Total |
£ |
Fair value |
At 1 January 2022 |
Additions |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
At 31 December 2021 |
Fields Group Limited (Registered number: 05728410) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
7. | Debtors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments |
8. | Creditors: amounts falling due within one year |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
VAT | 20,966 | 16,277 |
Other creditors |
Accrued expenses |
9. | Creditors: amounts falling due after more than one year |
2022 | 2021 |
£ | £ |
Bank loans - 2-5 years |
10. | Disclosure under Section 444(5B) of the Companies Act 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | Directors' advances, credits and guarantees |
Included within other creditors are amounts owed to directors of £10,430 and amounts due from directors of £3,402. |
12. | Related party disclosures |
At the year end the company provided loans of £307,044 (2021:£74,459) to entities which have significant influence of the company. At the year end the company was owed £307,044 in respect of these loans, as reported in other debtors. These loans are repayable on demand, unsecured and no interest is charged. |
13. | Ultimate controlling party |
The ultimate parent company is Fields Holdings Limited, whose registered office is 21 Old Field Road, Bocam Park, Pencoed, Bridgend CF35 5LJ. Copies of it's financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ. |