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Company No: 10091933 (England and Wales)

ANTHONY FIELD LIMITED

Unaudited Financial Statements
For the financial period from 01 April 2023 to 30 March 2024
Pages for filing with the registrar

ANTHONY FIELD LIMITED

Unaudited Financial Statements

For the financial period from 01 April 2023 to 30 March 2024

Contents

ANTHONY FIELD LIMITED

BALANCE SHEET

As at 30 March 2024
ANTHONY FIELD LIMITED

BALANCE SHEET (continued)

As at 30 March 2024
Note 30.03.2024 31.03.2023
£ £
Fixed assets
Investment property 3 245,432 245,432
245,432 245,432
Current assets
Cash at bank and in hand 8,865 26,194
8,865 26,194
Creditors: amounts falling due within one year 4 ( 7,807) ( 23,128)
Net current assets 1,058 3,066
Total assets less current liabilities 246,490 248,498
Accruals and deferred income 0 1
Net assets 246,490 248,499
Capital and reserves
Called-up share capital 100 100
Profit and loss account 246,390 248,399
Total shareholders' funds 246,490 248,499

For the financial period ending 30 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Anthony Field Limited (registered number: 10091933) were approved and authorised for issue by the Director on 30 January 2025. They were signed on its behalf by:

A J Field
Director
ANTHONY FIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2023 to 30 March 2024
ANTHONY FIELD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 April 2023 to 30 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anthony Field Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Cauldavon Horebeech Lane, Marle Green, Heathfield, TN21 9EA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable as rental income in the normal course of business.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that the future economic benefits will flow to the entity

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Period from
01.04.2023 to
30.03.2024
Year ended
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the period, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 245,432
As at 30 March 2024 245,432

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors. The assets have a current value of £245,432 (2023 - £245,432).

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

30.03.2024 31.03.2023
£ £
Historic cost 245,432 245,432

4. Creditors: amounts falling due within one year

30.03.2024 31.03.2023
£ £
Trade creditors 5,038 0
Taxation and social security 0 1,950
Other creditors 2,769 21,178
7,807 23,128