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REGISTERED NUMBER: 08062259 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023

FOR

FIELD MARGIN LIMITED

FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIELD MARGIN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023







DIRECTORS: R A Carter
Ms J Fahler
S Haldrup
Ms I Oie





REGISTERED OFFICE: 6 Ritherdon Road
London
SW17 8QD





REGISTERED NUMBER: 08062259 (England and Wales)






FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259)

BALANCE SHEET
31ST DECEMBER 2023

2023 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,767 11,042

CURRENT ASSETS
Cash at bank and in hand 40,938 24,081

CREDITORS
Amounts falling due within one year 5 (97,041 ) (408,089 )
NET CURRENT LIABILITIES (56,103 ) (384,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(45,336

)

(372,966

)

CREDITORS
Amounts falling due after more than one
year

6

(2,184,689

)

(2,425,100

)

PROVISIONS FOR LIABILITIES 7 (2,692 ) (2,282 )
NET LIABILITIES (2,232,717 ) (2,800,348 )

CAPITAL AND RESERVES
Called up share capital 8 194 168
Share premium 9 2,968,436 1,854,495
Other equity 9 - 34,583
Retained earnings 9 (5,201,347 ) (4,689,594 )
SHAREHOLDERS' FUNDS (2,232,717 ) (2,800,348 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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.

FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259)

BALANCE SHEET - continued
31ST DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:




R A Carter - Director



S Haldrup - Director


FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Field Margin 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.

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

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company is reliant on the continued support of its shareholders to continue trading. On this basis the financial statements have been prepared on a going concern basis.The financial statements do not include any adjustments that may be required from a withdrawal of such financial support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 8 ) .

FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st June 2023 44,844
Additions 1,564
At 31st December 2023 46,408
DEPRECIATION
At 1st June 2023 33,802
Charge for period 1,839
At 31st December 2023 35,641
NET BOOK VALUE
At 31st December 2023 10,767
At 31st May 2023 11,042

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
VAT 324 2,845
Other creditors and accruals 7,717 405,244
Director's current account 89,000 -
97,041 408,089

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2023
£    £   
Other loans - 740,411
Director's loan account 2,184,689 1,684,689
2,184,689 2,425,100

7. PROVISIONS FOR LIABILITIES
2023 2023
£    £   
Deferred tax 2,692 2,282

Deferred
tax
£   
Balance at 1st June 2023 2,282
Provided during period 410
Balance at 31st December 2023 2,692

FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JUNE 2023 TO 31ST DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2023
value: £    £   
1,682,758 Ordinary .0001 194 168

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st June 2023 (4,689,594 ) 1,854,495 (2,835,099 )
Deficit for the period (511,753 ) (511,753 )
Cash share issue - 1,113,941 1,113,941
At 31st December 2023 (5,201,347 ) 2,968,436 (2,232,911 )

10. RELATED PARTY DISCLOSURES

The director's current and loan account balance is owed to Mark Faure Walker.

11. OTHER LOANS

During the period the Future Fund loan was converted into equity, in accordance with the loan terms.