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Registered number: 05089650
Fielden Homes Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Spicer & Co UK Limited
Chartered Accountants
Staple House
5 Eleanors Cross
Dunstable
Bedfordshire
LU6 1SU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05089650
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 789,046 705,316
789,046 705,316
CURRENT ASSETS
Debtors 5 1,254 9,767
Cash at bank and in hand 5,617 3,501
6,871 13,268
Creditors: Amounts Falling Due Within One Year 6 (627,384 ) (548,011 )
NET CURRENT ASSETS (LIABILITIES) (620,513 ) (534,743 )
TOTAL ASSETS LESS CURRENT LIABILITIES 168,533 170,573
NET ASSETS 168,533 170,573
CAPITAL AND RESERVES
Called up share capital 7 11 11
Profit and Loss Account 168,522 170,562
SHAREHOLDERS' FUNDS 168,533 170,573
Page 1
Page 2
For the year ending 31 August 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Raymond Gill
Director
03/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Fielden Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05089650 . The registered office is Staple House 5a-7a, Eleanors Cross, Dunstable, England, LU6 1SU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold over 50 years
2.4. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.5. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.6. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2023 705,316
Additions 83,730
As at 31 August 2024 789,046
...CONTINUED
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Net Book Value
As at 31 August 2024 789,046
As at 1 September 2023 705,316
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1,254 9,767
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,376 13,003
Amounts owed to participating interests 22,000 -
Other creditors 601,008 535,008
627,384 548,011
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 11 11
8. Reserves
Profit and Loss Account
The Profit and Loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholder. This is a distributable reserve.
9. Related Party Transactions
As at balance sheet dat, included in creditors are amounts due to directors of £601,008 (2023: £535,008) and amounts due to holding company of £22,000 (2023: nil).
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