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REGISTERED NUMBER: 14485216 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025

FOR

FIELD 374 LTD

FIELD 374 LTD (REGISTERED NUMBER: 14485216)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025










Page

Balance Sheet 1

Notes to the Financial Statements 2


FIELD 374 LTD (REGISTERED NUMBER: 14485216)

BALANCE SHEET
31 MARCH 2025

2025 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 400,000 400,000

CURRENT ASSETS
Debtors 5 13,523 1,868
Cash at bank 3,276 38,132
16,799 40,000
CREDITORS
Amounts falling due within one year 6 119,493 152,809
NET CURRENT LIABILITIES (102,694 ) (112,809 )
TOTAL ASSETS LESS CURRENT LIABILITIES 297,306 287,191

CREDITORS
Amounts falling due after more than one year 7 (168,774 ) (172,608 )

PROVISIONS FOR LIABILITIES (26,806 ) (26,806 )
NET ASSETS 101,726 87,777

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 80,415 80,415
Retained earnings 21,301 7,352
101,726 87,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 June 2025 and were signed by:





P Field - Director


FIELD 374 LTD (REGISTERED NUMBER: 14485216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025


1. STATUTORY INFORMATION

Field 374 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14485216

Registered office: 364 Old Kent Road
London
SE1 5AA

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover consists of rents received from investment property and is recognised to the period in which it relates on an accruals basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Going concern
After reviewing the company's forecasts, the director confirms that they will continue to fund the company with adequate resources to continue into the foreseeable future and therefore, the company continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES

The average number of employees during the period was NIL (2023 - NIL).

FIELD 374 LTD (REGISTERED NUMBER: 14485216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 31 March 2025 400,000
NET BOOK VALUE
At 31 March 2025 400,000
At 30 November 2023 400,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2023 107,221
Cost 292,779
400,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Trade debtors - 280
Other debtors 13,523 1,588
13,523 1,868

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Bank loans and overdrafts 4,904 4,324
Trade creditors - 3,540
Taxation and social security 3,331 1,739
Other creditors 111,258 143,206
119,493 152,809

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2023
£    £   
Bank loans 168,774 172,608

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 144,767 151,174

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2023
£    £   
Bank loans 173,678 176,932

The bank loans were secured by fixed charges over assets owned by the company.

FIELD 374 LTD (REGISTERED NUMBER: 14485216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 31 MARCH 2025


9. RELATED PARTY DISCLOSURES

Companies under common control

Amount due
from
£
Opening balance 1,500
Amounts advanced 12,000
Amounts repaid -
Closing balance 13,500

This balance is included in debtors.