| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| FOR |
| FIELD MARGIN LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| FOR |
| FIELD MARGIN LIMITED |
| FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| FIELD MARGIN LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants & |
| Registered Auditors |
| 823 Salisbury House |
| 29 Finsbury Circus |
| LONDON |
| EC2M5SQ |
| FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259) |
| BALANCE SHEET |
| 31ST DECEMBER 2024 |
| 2024 | 2023 |
| (Unaudited) |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) | ( |
) |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Share premium | 10 |
| Retained earnings | 10 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Field Margin Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| Going concern |
| The financial statements have been prepared on the going concern basis as the immediate parent company has agreed to provide the Company with adequate funds to meet its liabilities as they fall due. The directors have no reason to believe that this financial support will not continue in the future and therefore they consider it appropriate to adopt a going concern basis. |
| FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Administration expenses |
| Administrative expenses include expenses relating to the Entity's ordinary activities, including expenses for premises, staff costs, marketing costs, etc. |
| Operating lease |
| Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. |
| Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset. |
| Staff costs |
| Staff costs comprise wages and salaries, and social security contributions, pension contributions, etc. for entity staff. |
| Interest and similar income and charges |
| Interest and similar income and charges are recognised in the profit and loss account over the term of such instruments at a constant rate on the carrying amount. |
| Foreign currencies |
| Transactions denominated in foreign currencies are recorded at the rates of exchange ruling at the date of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated at period end rates. The resulting exchange differences are dealt with in the profit and loss account in the period to which they arise. |
| Financial instruments |
| The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
| Debtors |
| Debtors are valued individually and a provision is made according to this valuation. |
| Cash at bank |
| Cash at bank include deposits held at call with banks. |
| Creditors |
| Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1st January 2024 |
| Additions |
| Disposals | ( |
) |
| At 31st December 2024 |
| DEPRECIATION |
| At 1st January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st December 2024 |
| NET BOOK VALUE |
| At 31st December 2024 |
| At 31st December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| (Unaudited) |
| £ | £ |
| Trade debtors |
| Other debtors and prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| (Unaudited) |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| VAT | 2,209 | 324 |
| Other creditors |
| Director's current account | - | 89,000 |
| Deferred income |
| FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| (Unaudited) |
| £ | £ |
| Amounts owed to group undertakings |
| Director's loan account | - | 2,184,689 |
| 8. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| (Unaudited) |
| £ | £ |
| Deferred tax | 999 | 2,692 |
| Deferred |
| tax |
| £ |
| Balance at 1st January 2024 |
| Provided during year | ( |
) |
| Balance at 31st December 2024 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | .0001 | 206 | 194 |
| 10. | RESERVES |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1st January 2024 | ( |
) | (2,232,911 | ) |
| Profit for the year |
| Cash share issue | - | 499,989 | 499,989 |
| At 31st December 2024 | ( |
) | (818,972 | ) |
| FIELD MARGIN LIMITED (REGISTERED NUMBER: 08062259) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2024 |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| Other matter |
| In forming our opinion on the financial statements, which is not qualified, we have considered the adequacy of the disclosure made in the Report of the Directors to the financial statements concerning the corresponding figures are unaudited. In view of the significance of this matter, we consider that it should be drawn to your attention. |
| |
| for an on behalf of Krogh & Partners Limited (Statutory Auditor) |
| 12. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| During the year the director's loan from Mark Faure-Walker of £1,684,689 (2023 Nil) was waived. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The immediate parent undertaking is Agreena ApS, a company incorporated and registered in Denmark. |
| Agreena ApS (incorporated in Denmark) is the smallest group to consolidate these financial statements and copies can be obtained from: |
| Agreena ApS |
| Langebrogade 3F, 3. |
| 1411 København K |
| Denmark |
| 14. | GUARANTEES AND SECURITIES |
| As part of a group financing agreement, the company is charger in Letter of Group Debenture with negative pledge in all fixed and floating assets belonging to the company as security for the Agreena ApS group's bank debt with Triplepoint Capital LLC with a liability as per 31 December 2024 of £9,984,361 |