Company Registration No. 12085343 (England and Wales)
Fieldgate Investments Ltd
Unaudited accounts
for the year ended 31 July 2024
Fieldgate Investments Ltd
Unaudited accounts
Contents
Fieldgate Investments Ltd
Company Information
for the year ended 31 July 2024
Director
Dr. Nasser Siabi-Shahrivar
Company Number
12085343 (England and Wales)
Registered Office
Microlink House
Brickfield Lane,
Chandler's Ford
Hampshire
SO53 4DP
England
Fieldgate Investments Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
8,768
19,291
Debtors
8,115,249
8,079,750
Cash at bank and in hand
4,466
2,414
Creditors: amounts falling due within one year
(7,469,845)
(7,598,726)
Net current assets
649,870
483,438
Total assets less current liabilities
658,638
502,729
Creditors: amounts falling due after more than one year
(44,332)
-
Provisions for liabilities
Deferred tax
(2,191)
(4,822)
Net assets
612,115
497,907
Called up share capital
8
8
Profit and loss account
612,107
497,899
Shareholders' funds
612,115
497,907
For the year ending 31 July 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 director acknowledges his 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 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 and authorised for issue on 24 February 2024 and were signed on its behalf by
Dr. Nasser Siabi-Shahrivar
Director
Company Registration No. 12085343
Fieldgate Investments Ltd
Notes to the Accounts
for the year ended 31 July 2024
Fieldgate Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12085343. The registered office is Microlink House, Brickfield Lane,, Chandler's Ford, Hampshire, SO53 4DP, England.
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 are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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 accounts. 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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles
Charge for the year
10,523
Fieldgate Investments Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Other debtors
8,114,092
8,079,750
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,800
3,641
Taxes and social security
-
35,102
Loans from directors
7,466,045
7,559,983
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
44,332
-
8
Transactions with related parties
At the year end, the Company was owed balance by MLPC Parent Ltd. of £8,114,092 (2023 - £8,079,750). The Company's director, Dr N. Siabi is a person of significant influence or control over that company. Interest of £181,444 (2023 - £169,026) has been charged on the loan during the year.
At the year end, the Company owed balances to the director totalling £7,421,701 (2023 - £7,569,983. The loan is undated and is interest free.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).