Company Registration No. 12085343 (England and Wales)
Fieldgate Investments Ltd
Unaudited accounts
for the year ended 31 July 2023
Fieldgate Investments Ltd
Unaudited accounts
Contents
Fieldgate Investments Ltd
Company Information
for the year ended 31 July 2023
Director
Dr. Nasser Siabi-Shahrivar
Company Number
12085343 (England and Wales)
Registered Office
Microlink P C (UK) Ltd
Microlink House Brickfield Lane, Chandle
Eastleigh
Hampshire
SO53 4DP
England
Fieldgate Investments Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
19,291
29,813
Debtors
8,079,750
8,205,947
Cash at bank and in hand
2,414
11,292
Creditors: amounts falling due within one year
(7,598,726)
(7,849,298)
Net current assets
483,438
367,941
Total assets less current liabilities
502,729
397,754
Provisions for liabilities
Deferred tax
(4,822)
(7,453)
Net assets
497,907
390,301
Called up share capital
8
8
Profit and loss account
497,899
390,293
Shareholders' funds
497,907
390,301
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2023 and were signed on its behalf by
Dr. Nasser Siabi-Shahrivar
Director
Company Registration No. 12085343
Fieldgate Investments Ltd
Notes to the Accounts
for the year ended 31 July 2023
Fieldgate Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12085343. The registered office is Microlink P C (UK) Ltd, Microlink House Brickfield Lane, Chandle, Eastleigh, Hampshire, SO53 4DP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles
Charge for the year
10,522
Fieldgate Investments Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Other debtors
8,079,750
8,205,947
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,641
3,935
Taxes and social security
35,102
26,048
Loans from directors
7,559,983
7,819,315
7
Transactions with related parties
At the year end, the Company was owed balance by MLPC Parent Ltd. of £8,079,750 (2022 - £8,205,947). The Company's director, Dr N. Siabi is a person of significant influence or control over that company. Interest of £169,026 (2022 - £163,825) has been charged on the loan during the year.
At the year end, the Company owed balances to the director totalling £7,559,983 (2022 - £7,819,315). The loan is undated and is interest free.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).