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Registration number: 07368767

Field House (Hampton) Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Field House (Hampton) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Field House (Hampton) Limited

Company Information

Director

Mrs J B Woolley

Registered office

9A Burroughs Gardens
London
NW4 4AU

Registered number

07368767

Accountants

Ripe LLP
Chartered Accountants
9A Burroughs Gardens
London
NW4 4AU

 

Field House (Hampton) Limited

(Registration number: 07368767)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

3,000,000

1,650,000

Current assets

 

Debtors

5

16,405

75,205

Cash at bank and in hand

 

13,875

42,948

 

30,280

118,153

Creditors: Amounts falling due within one year

6

(50,372)

(65,064)

Net current (liabilities)/assets

 

(20,092)

53,089

Total assets less current liabilities

 

2,979,908

1,703,089

Creditors: Amounts falling due after more than one year

6

(429,684)

(619,247)

Net assets

 

2,550,224

1,083,842

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

2,550,223

1,083,841

Shareholders' funds

 

2,550,224

1,083,842

 

Field House (Hampton) Limited

(Registration number: 07368767)
Balance Sheet as at 30 September 2023

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 March 2024
 

.........................................
Mrs J B Woolley
Director

 

Field House (Hampton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9A Burroughs Gardens
London
NW4 4AU
England

The principal place of business is:
Flat 3
25 Cliveden Place
London
SW1W 8HD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Field House (Hampton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. This reflects observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Field House (Hampton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Investment properties

2023
£

At 1 October

1,650,000

Fair value adjustments

1,350,000

At 30 September

3,000,000

The investment property was revalued at an open market value of £3,000,000 by director at the year end.

5

Debtors

Current

2023
£

2022
£

Other debtors

16,405

75,205

 

16,405

75,205

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

237

-

Taxation and social security

44,985

42,064

Accruals and deferred income

5,150

23,000

50,372

65,064

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

429,684

619,247

 

Field House (Hampton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £0.10 each

10

1

10

1

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

429,684

619,247

9

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £500.00 (2022 - £5,000.00) per ordinary share

 

5,000

 

50,000

         

10

Related party transactions

At the balance sheet date, the company owed £429,684 (2022: £619,247) to the director of the company.