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REGISTERED NUMBER: 01298998 (England and Wales)















FIELDGLADE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






FIELDGLADE LIMITED (REGISTERED NUMBER: 01298998)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIELDGLADE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: T J Lowe
P J Lowe





SECRETARY: T J Lowe





REGISTERED OFFICE: 20 Winnington Street
Northwich
Cheshire
CW8 1AF





REGISTERED NUMBER: 01298998 (England and Wales)






FIELDGLADE LIMITED (REGISTERED NUMBER: 01298998)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,512 7,601
Investments 5 139,964 146,138
Investment property 6 200,000 200,000
347,476 353,739

CURRENT ASSETS
Debtors 7 4,060 7,905
Cash at bank 61,357 38,739
65,417 46,644
CREDITORS
Amounts falling due within one year 8 34,867 28,572
NET CURRENT ASSETS 30,550 18,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,026

371,811

PROVISIONS FOR LIABILITIES 8,087 8,089
NET ASSETS 369,939 363,722

CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and loss account 369,839 363,622
SHAREHOLDERS' FUNDS 369,939 363,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

FIELDGLADE LIMITED (REGISTERED NUMBER: 01298998)

BALANCE SHEET - continued
31 MARCH 2023


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 26 September 2023 and were signed on its behalf by:





T J Lowe - Director


FIELDGLADE LIMITED (REGISTERED NUMBER: 01298998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Fieldglade 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 1% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

Investments
Investments are included at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

FIELDGLADE LIMITED (REGISTERED NUMBER: 01298998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 13,804 2,356 829 16,989
DEPRECIATION
At 1 April 2022 6,325 2,244 819 9,388
Charge for year 75 12 2 89
At 31 March 2023 6,400 2,256 821 9,477
NET BOOK VALUE
At 31 March 2023 7,404 100 8 7,512
At 31 March 2022 7,479 112 10 7,601

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 146,138
Additions 1,649
Revaluations (7,823 )
At 31 March 2023 139,964
NET BOOK VALUE
At 31 March 2023 139,964
At 31 March 2022 146,138

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2018 6,414
Valuation in 2019 4,779
Valuation in 2020 (10,570 )
Valuation in 2021 22,607
Valuation in 2022 (1,824 )
Valuation in 2023 (7,823 )
Cost 126,381
139,964

FIELDGLADE LIMITED (REGISTERED NUMBER: 01298998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. FIXED ASSET INVESTMENTS - continued

If the investment had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 126,381 124,732

The investment was valued on an open market basis on 31 March 2023 by Aviva .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 200,000
NET BOOK VALUE
At 31 March 2023 200,000
At 31 March 2022 200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 4,060 7,905

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 2,241 3,326
Directors' current accounts 31,504 24,196
Accruals and deferred income 1,122 1,050
34,867 28,572

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100