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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
Page
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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
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Fieldgate Investments Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,291 
29,813 
Current assets
Debtors
8,079,750 
8,205,947 
Cash at bank and in hand
2,414 
11,292 
8,082,164 
8,217,239 
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 
Capital and reserves
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
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Fieldgate Investments Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
25%
Deferred taxation
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 
£ 
Cost or valuation
At cost 
At 1 August 2022
42,090 
At 31 July 2023
42,090 
Depreciation
At 1 August 2022
12,277 
Charge for the year
10,522 
At 31 July 2023
22,799 
Net book value
At 31 July 2023
19,291 
At 31 July 2022
29,813 
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Fieldgate Investments Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
7,598,726 
7,849,298 
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).
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