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
College Fields Ltd
Company Information
for the year ended 30 April 2024
Directors
AJW Hill
MJ 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
College Fields Ltd
Statement of financial position
as at 30 April 2024
Investment property
450,000
450,000
Cash at bank and in hand
6,717
38,747
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)
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
College Fields Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
Revenue is recognised when a rent is due and payable.
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).