Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falsedormant11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04234372 2023-07-01 2024-06-30 04234372 2022-07-01 2023-06-30 04234372 2024-06-30 04234372 2023-06-30 04234372 c:Director1 2023-07-01 2024-06-30 04234372 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 04234372 d:FreeholdInvestmentProperty 2024-06-30 04234372 d:FreeholdInvestmentProperty 2023-06-30 04234372 d:CurrentFinancialInstruments 2024-06-30 04234372 d:CurrentFinancialInstruments 2023-06-30 04234372 d:Non-currentFinancialInstruments 2024-06-30 04234372 d:Non-currentFinancialInstruments 2023-06-30 04234372 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04234372 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04234372 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04234372 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04234372 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 04234372 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 04234372 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 04234372 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 04234372 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 04234372 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 04234372 d:ShareCapital 2024-06-30 04234372 d:ShareCapital 2023-06-30 04234372 d:RetainedEarningsAccumulatedLosses 2024-06-30 04234372 d:RetainedEarningsAccumulatedLosses 2023-06-30 04234372 c:OrdinaryShareClass1 2023-07-01 2024-06-30 04234372 c:OrdinaryShareClass1 2024-06-30 04234372 c:OrdinaryShareClass1 2023-06-30 04234372 c:FRS102 2023-07-01 2024-06-30 04234372 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04234372 c:AbridgedAccounts 2023-07-01 2024-06-30 04234372 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04234372 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 04234372














FIELDTRIP LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
FIELDTRIP LIMITED
 

CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 5


 
FIELDTRIP LIMITED
REGISTERED NUMBER:04234372

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
18,270,994
12,320,967

Current assets
  

Cash at bank and in hand
  
87,405
23,754

Creditors: amounts falling due within one year
 5 
(15,936,537)
(11,843,379)

Net current liabilities
  
 
 
(15,849,132)
 
 
(11,819,625)

Total assets less current liabilities
  
2,421,862
501,342

Creditors: amounts falling due after more than one year
 6 
(3,376,691)
(1,356,928)

  

Net liabilities
  
(954,829)
(855,586)


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(954,830)
(855,587)

  
(954,829)
(855,586)


Page 1

 
FIELDTRIP LIMITED
REGISTERED NUMBER:04234372
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J Shafran
Director

Date: 21 January 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FIELDTRIP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Fieldtrip Limited is a limited liability company incorporated in England and Wales with its registered office at 22 Carlyle Square, London, SW3 6EY.

The principal activity of the company during the year was that of investment property company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date, the company had net current liabilities and net liabilities. The director, who is also the sole shareholder, will make funds available to the company so that it will be able to carry on to meet its financial obligations as and when they fall due for at least twelve months from the date the accounts are approved. The accounts have therefore been prepared under going concern on this basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
FIELDTRIP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
12,320,967


Additions at cost
5,950,027



At 30 June 2024
18,270,994

The director considers the fair value of investment property to be similar to the cost.





Page 4

 
FIELDTRIP LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
489,623
232,359

Director's loan account
15,443,354
11,609,860

Accruals and deferred income
3,560
1,160

15,936,537
11,843,379



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,376,691
1,356,928



7.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
489,623
232,359

Amounts falling due 1-2 years

Bank loans
481,326
234,459

Amounts falling due 2-5 years

Bank loans
970,387
716,167

Amounts falling due after more than 5 years

Bank loans
1,924,978
406,302

3,866,314
1,589,287



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1


 
Page 5