REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
FOR |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED (REGISTERED NUMBER: 03164227) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED |
COMPANY INFORMATION |
for the year ended 31 DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 High Street |
Thatcham |
Berks |
RG19 3JG |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED (REGISTERED NUMBER: 03164227) |
BALANCE SHEET |
31 DECEMBER 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Capital redemption reserve | 10 |
Retained earnings | 10 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED (REGISTERED NUMBER: 03164227) |
BALANCE SHEET - continued |
31 DECEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED (REGISTERED NUMBER: 03164227) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Fieldfare International Ecological Development Ltd 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 General Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared under the historical cost convention and in accordance with applicable law and accounting standards. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED (REGISTERED NUMBER: 03164227) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 DECEMBER 2023 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 January 2023 |
and 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: 8 October Street,Vylkove, Kilia district, Odessa Region 65029, Ukraine. |
Nature of business: |
% |
Class of shares: | holding |
31.12.23 | 31.12.22 |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
Loss for the year | ( |
) | ( |
) |
Registered office: 2c Votec Centre,Hambridge Lane, Newbury, Berkshire, RG14 5TN. |
Nature of business: |
% |
Class of shares: | holding |
31.12.23 | 31.12.22 |
£ | £ |
Aggregate capital and reserves | ( |
) | ( |
) |
Loss for the year | ( |
) |
5. | DEBTORS |
31.12.23 | 31.12.22 |
£ | £ |
Amounts falling due within one year: |
Amounts owed by group undertakings |
Other debtors |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED (REGISTERED NUMBER: 03164227) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 DECEMBER 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Other loans (see note 8) |
Amounts owed to group undertakings |
Social security and other taxes |
VAT | 3,151 | 2,222 |
Other creditors |
Project Loan | 59,070 | 59,070 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Other loans (see note 8) |
The Reed Biomass Bond is redeemable by five equal annual instalments commencing January 2012. |
8. | LOANS |
An analysis of the maturity of loans is given below: |
31.12.23 | 31.12.22 |
£ | £ |
Amounts falling due within one year or on demand: |
Reed Biomass Bond | 12,080 | 17,820 |
Amounts falling due between two and five years: |
Naturebureau Ltd | 15,278 | 18,056 |
Reed Biomass Bond | 45,224 | 54,699 |
The Reed Biomass Bond is redeemable by five equal annual instalments commencing January 2020. |
The Joint Venture Loan is an interest free loan repayable after six years. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | £ | £ |
Ordinary | £1 | 193,869 | 193,869 |
FIELDFARE INTERNATIONAL ECOLOGICAL |
DEVELOPMENT LIMITED (REGISTERED NUMBER: 03164227) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 DECEMBER 2023 |
10. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2023 | ( |
) | (220,679 | ) |
Profit for the year | - |
At 31 December 2023 | ( |
) | (179,634 | ) |
11. | CONTINGENT LIABILITIES |
There were no contingent liabilities at 31st December 2023 or at 31st December 2022. |
12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Throughout the year the directors were reimbursed expenses incurred on behalf of the company. At the 31st December 2023 Mr P.G. Goriup was owed £320,801 (2022 : £322,801). |
13. | RELATED PARTY DISCLOSURES |
At 31st December 2023 there is an outstanding amount of £369,630 (2022 : £369,630) due from Biofare Investments Ltd and £61,520 (2022 : £61,520) due from Salix Ltd, both subsidiary companies of this company. At 31st December 2023 the company was also due £15,127 (2022 : £15,127) from Biofare Investments Ltd . |
The company also received secretarial and consultancy services from Naturebureau Ltd, a company in which P Goriup has an interest and a directorship, in the sum of £1,230 (2022 : £1,449).The company also provided Naturebureau Ltd secretarial and consultancy services in the sum of £74,520 (2022 : £45,420). |
On the 31st December 2023 the company owed Naturebureau Ltd the sum of £16,345 (2022 : £21,209), and was owed £15,900 (2022 : £140) by that same company. |
14. | ULTIMATE CONTROLLING PARTY |
No single party has overall control of the Group of Companies |