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REGISTERED NUMBER: 05728410 (England and Wales)















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: J Latchem-Smith
K J Powell
C J S H Wallis





Registered office: 18-21 Old Field Road
Pencoed
Bridgend
Mid Glamorgan
CF35 5LJ





Registered number: 05728410 (England and Wales)





Auditors: Haines Watts Wales LLP, Statutory 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 4 180,812 150,702
Investments 5 996,984 181,234
Investment property 6 1,132,154 1,050,000
2,309,950 1,381,936

Current assets
Debtors 7 4,722,747 4,454,150
Cash at bank and in hand 181,981 11,296
4,904,728 4,465,446
Creditors
Amounts falling due within one year 8 (646,871 ) (736,333 )
Net current assets 4,257,857 3,729,113
Total assets less current liabilities 6,567,807 5,111,049

Creditors
Amounts falling due after more than one
year

9

(494,648

)

(482,128

)

Provisions for liabilities (43,533 ) (43,533 )
Net assets 6,029,626 4,585,388

Capital and reserves
Called up share capital 1,800 1,800
Retained earnings 6,027,826 4,583,588
6,029,626 4,585,388

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

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 29 September 2023 and were signed on its behalf by:





K J Powell - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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 4 (2021 - 3 ) .

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 114,957 125,891 517,790 758,638
Additions 32,830 - 47,108 79,938
At 31 December 2022 147,787 125,891 564,898 838,576
Depreciation
At 1 January 2022 111,425 57,618 438,893 607,936
Charge for year 6,288 4,870 38,670 49,828
At 31 December 2022 117,713 62,488 477,563 657,764
Net book value
At 31 December 2022 30,074 63,403 87,335 180,812
At 31 December 2021 3,532 68,273 78,897 150,702

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2022 181,234
Additions 954,750
Reversal of impairments (139,000 )
At 31 December 2022 996,984
Net book value
At 31 December 2022 996,984
At 31 December 2021 181,234

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 1,050,000
Additions 82,154
At 31 December 2022 1,132,154
Net book value
At 31 December 2022 1,132,154
At 31 December 2021 1,050,000

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 36 -
Amounts owed by group undertakings 4,412,920 4,378,168
Other debtors 305,066 74,567
Prepayments 4,725 1,415
4,722,747 4,454,150

8. Creditors: amounts falling due within one year
2022 2021
£    £   
Bank loans and overdrafts 21,586 44,749
Trade creditors 8,011 9,215
Amounts owed to group undertakings 545,927 564,966
Tax 9,898 -
Social security and other taxes 1,817 14,848
VAT 20,966 16,277
Other creditors 18,166 53,842
Accrued expenses 20,500 32,436
646,871 736,333

9. Creditors: amounts falling due after more than one year
2022 2021
£    £   
Bank loans - 2-5 years 494,648 482,128

10. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Victoria Carter (Senior Statutory Auditor)
for and on behalf of Haines Watts Wales LLP, Statutory Auditors

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.