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REGISTERED NUMBER: 08062259 (England and Wales)















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: R A Carter
Ms J Fahler
S Haldrup
Ms I Oie





REGISTERED OFFICE: 6 Ritherdon Road
London
SW17 8QD





REGISTERED NUMBER: 08062259 (England and Wales)





AUDITORS: Krogh & Partners Ltd (Statutory Auditor)
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 3,993 10,767

CURRENT ASSETS
Debtors 5 21,443 -
Cash at bank and in hand 192,389 40,938
213,832 40,938
CREDITORS
Amounts falling due within one year 6 (180,705 ) (97,041 )
NET CURRENT ASSETS/(LIABILITIES) 33,127 (56,103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,120

(45,336

)

CREDITORS
Amounts falling due after more than one
year

7

(854,887

)

(2,184,689

)

PROVISIONS FOR LIABILITIES 8 (999 ) (2,692 )
NET LIABILITIES (818,766 ) (2,232,717 )

CAPITAL AND RESERVES
Called up share capital 9 206 194
Share premium 10 3,468,425 2,968,436
Retained earnings 10 (4,287,397 ) (5,201,347 )
SHAREHOLDERS' FUNDS (818,766 ) (2,232,717 )

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th May 2025 and were signed on its behalf by:




R A Carter - Director



S Haldrup - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 9 (2023 - 8 ) .

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 46,408
Additions 5,122
Disposals (46,409 )
At 31st December 2024 5,121
DEPRECIATION
At 1st January 2024 35,641
Charge for year 11,896
Eliminated on disposal (46,409 )
At 31st December 2024 1,128
NET BOOK VALUE
At 31st December 2024 3,993
At 31st December 2023 10,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade debtors 182 -
Other debtors and prepayments 21,261 -
21,443 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade creditors 1,704 -
Amounts owed to group undertakings 15,100 -
Social security and other taxes 1,140 -
VAT 2,209 324
Other creditors 37,820 7,717
Director's current account - 89,000
Deferred income 122,732 -
180,705 97,041

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 854,887 -
Director's loan account - 2,184,689
854,887 2,184,689

8. PROVISIONS FOR LIABILITIES
2024 2023
(Unaudited)
£    £   
Deferred tax 999 2,692

Deferred
tax
£   
Balance at 1st January 2024 2,692
Provided during year (1,693 )
Balance at 31st December 2024 999

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,058,181 Ordinary .0001 206 194

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st January 2024 (5,201,347 ) 2,968,436 (2,232,911 )
Profit for the year 913,950 913,950
Cash share issue - 499,989 499,989
At 31st December 2024 (4,287,397 ) 3,468,425 (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.


John Lindegaard (Senior Statutory Auditor)
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