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Company Registration No. 05773391 (England and Wales)
College Fields Ltd Unaudited accounts for the year ended 30 April 2024
College Fields Ltd Unaudited accounts Contents
Page
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College Fields Ltd Company Information for the year ended 30 April 2024
Directors
AJW Hill MJ Hill
Secretary
AJW Hill
Company Number
05773391 (England and Wales)
Registered Office
35 The Point Marina Close Boscombe BH5 1BS
Accountants
Roy B Lucas 23 Ducks Meadow Marlborough SN8 4DE
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College Fields Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
450,000 
450,000 
Current assets
Debtors
591 
551 
Cash at bank and in hand
6,717 
38,747 
7,308 
39,298 
Creditors: amounts falling due within one year
(4,815)
(4,510)
Net current assets
2,493 
34,788 
Total assets less current liabilities
452,493 
484,788 
Creditors: amounts falling due after more than one year
(444,591)
(474,567)
Net assets
7,902 
10,221 
Capital and reserves
Called up share capital
10,000 
10,000 
Revaluation reserve
122,774 
122,774 
Profit and loss account
(124,872)
(122,553)
Shareholders' funds
7,902 
10,221 
For the year ending 30 April 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by
AJW Hill Director Company Registration No. 05773391
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College Fields Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
College Fields Ltd is a private company, limited by shares, registered in England and Wales, registration number 05773391. The registered office is 35 The Point, Marina Close, Boscombe, BH5 1BS.
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.
Going concern
The accounts have been prepared on a going concern basis as each Director has given an undertaking to provide sufficient funds on an interest free basis to enable the Company to meet all its financial obligations as they fall due.
Presentation currency
The accounts are presented in £ sterling.
Revenue recognition
Revenue is recognised when a rent is due and payable.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Transactions with related parties
From 1 March 2022 until 1 March 2024 the leasehold flat known as number 35 has been let to the Directors at the same market rent paid by the previous tenant of number 35. On 1 March 2024 the rent increased by 5%.
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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