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REGISTERED NUMBER: 02605615 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

FIELDSIDE ASSOCIATES LIMITED

FIELDSIDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02605615)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

FIELDSIDE ASSOCIATES LIMITED

Company Information
for the year ended 31 October 2023







Director: Mrs G E S Burns





Secretary: J S Burns





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 02605615 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

FIELDSIDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02605615)

Balance Sheet
31 October 2023

2023 2022
as restated
Notes £ £ £ £
Fixed assets
Tangible assets 4 86 115
Investments 5 81,000 91,000
81,086 91,115

Current assets
Stocks 7,205,000 8,591,543
Debtors 6 1,667,647 559,317
Investments 7 - 32,343
Cash at bank 121,558 16,740
8,994,205 9,199,943
Creditors
Amounts falling due within one year 8 15,875 457,041
Net current assets 8,978,330 8,742,902
Total assets less current liabilities 9,059,416 8,834,017

Creditors
Amounts falling due after more than one
year

9

(4,540,103

)

(4,540,956

)

Provisions for liabilities (748,299 ) (748,299 )
Net assets 3,771,014 3,544,762

Capital and reserves
Called up share capital 11 100 100
Retained earnings 3,770,914 3,544,662
Shareholders' funds 3,771,014 3,544,762

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

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

The director acknowledges her 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.

FIELDSIDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02605615)

Balance Sheet - continued
31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2024 and were signed by:





Mrs G E S Burns - Director


FIELDSIDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02605615)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

Fieldside Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Fieldside Associates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

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 each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at fair value with changes in fair value recognised in profit or loss.

Stocks
Stock is valued at the lower of cost and net realisable value and relates to residential property held for sale.

FIELDSIDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02605615)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a
party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial
recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. Employees and directors

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

FIELDSIDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02605615)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 November 2022
and 31 October 2023 2,329 1,637 3,966
Depreciation
At 1 November 2022 2,329 1,522 3,851
Charge for year - 29 29
At 31 October 2023 2,329 1,551 3,880
Net book value
At 31 October 2023 - 86 86
At 31 October 2022 - 115 115

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 November 2022
and 31 October 2023 110,000
Provisions
At 1 November 2022 19,000
Provision for year 10,000
At 31 October 2023 29,000
Net book value
At 31 October 2023 81,000
At 31 October 2022 91,000

6. Debtors: amounts falling due within one year
2023 2022
as restated
£ £
Amounts owed by group undertakings 391,228 380,901
Other debtors 1,276,419 178,416
1,667,647 559,317

FIELDSIDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02605615)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


7. Current asset investments
2023 2022
as restated
£ £
Listed investments - 32,343

8. Creditors: amounts falling due within one year
2023 2022
as restated
£ £
Bank loans and overdrafts - 300,000
Trade creditors 4,929 -
Tax 6,581 -
Directors' current accounts - 152,677
Accrued expenses 4,365 4,364
15,875 457,041

9. Creditors: amounts falling due after more than one year
2023 2022
as restated
£ £
Bank loans more 5 yrs non-inst 4,540,103 4,540,956

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 4,540,103 4,540,956

10. Secured debts

The following secured debts are included within creditors:

2023 2022
as restated
£ £
Bank loan 4,540,103 4,840,956

There is a fixed and floating charge over the assets of the company in relation to the bank loans.

FIELDSIDE ASSOCIATES LIMITED (REGISTERED NUMBER: 02605615)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: as restated
£ £
90 Ordinary A £1 90 90
10 Ordinary B £1 10 10
100 100

12. Director's advances, credits and guarantees

At the year end, the director owed the company £1,252,062 (2022 restated: company owed the director £152,677). During the year, amounts advanced totalled £1,573,674 (2022: £82,049) and amounts repaid totalled £168,935 (2022: £84,846).

The loan, when due from the company, is interest free. When due to the company, interest is charged at 2.25%.

13. Related party disclosures

During the year, dividends totalling £2,000 (2022: £11,000) were paid to the director.

At the balance sheet date, the company was owed £391,228 (2022: £380,901) from its subsidiary company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Fieldside Associates Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fieldside Associates Limited for the year ended 31 October 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Fieldside Associates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fieldside Associates Limited and state those matters that we have agreed to state to the director of Fieldside Associates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fieldside Associates Limited and its director for our work or for this report.

It is your duty to ensure that Fieldside Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fieldside Associates Limited. You consider that Fieldside Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fieldside Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY


21 August 2024