Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31falsefalsetrue2023-11-01property letting11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03979881 2023-11-01 2024-10-31 03979881 2022-11-01 2023-10-31 03979881 2024-10-31 03979881 2023-10-31 03979881 c:Director1 2023-11-01 2024-10-31 03979881 d:FurnitureFittings 2023-11-01 2024-10-31 03979881 d:FurnitureFittings 2024-10-31 03979881 d:FurnitureFittings 2023-10-31 03979881 d:FreeholdInvestmentProperty 2024-10-31 03979881 d:FreeholdInvestmentProperty 2023-10-31 03979881 d:FreeholdInvestmentProperty 2 2023-11-01 2024-10-31 03979881 d:CurrentFinancialInstruments 2024-10-31 03979881 d:CurrentFinancialInstruments 2023-10-31 03979881 d:Non-currentFinancialInstruments 2024-10-31 03979881 d:Non-currentFinancialInstruments 2023-10-31 03979881 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 03979881 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 03979881 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 03979881 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 03979881 d:ShareCapital 2024-10-31 03979881 d:ShareCapital 2023-10-31 03979881 d:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 03979881 d:RetainedEarningsAccumulatedLosses 2024-10-31 03979881 d:RetainedEarningsAccumulatedLosses 2023-10-31 03979881 c:OrdinaryShareClass1 2023-11-01 2024-10-31 03979881 c:OrdinaryShareClass1 2024-10-31 03979881 c:FRS102 2023-11-01 2024-10-31 03979881 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 03979881 c:FullAccounts 2023-11-01 2024-10-31 03979881 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03979881 d:OtherDeferredTax 2024-10-31 03979881 d:OtherDeferredTax 2023-10-31 03979881 f:PoundSterling 2023-11-01 2024-10-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 03979881














FIELDGROUND PROPERTIES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
FIELDGROUND PROPERTIES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
FIELDGROUND PROPERTIES LIMITED
REGISTERED NUMBER:03979881

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
-

Investment property
 5 
2,200,000
2,600,000

  
2,200,000
2,600,000

Current assets
  

Debtors: amounts falling due within one year
 6 
8,939
21,203

Cash at bank and in hand
  
157,470
335,877

  
166,409
357,080

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(74,167)
(77,850)

Net current assets
  
 
 
92,242
 
 
279,230

Total assets less current liabilities
  
2,292,242
2,879,230

Creditors: amounts falling due after more than one year
 8 
(160,339)
(410,339)

Deferred tax
 9 
(157,163)
(257,163)

Net assets
  
1,974,740
2,211,728


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
 11 
1,974,640
2,211,628

  
1,974,740
2,211,728


Page 1

 
FIELDGROUND PROPERTIES LIMITED
REGISTERED NUMBER:03979881
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2025.

D Saul
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FIELDGROUND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Fieldground Properties Limited is a private limited liability company registered in England and Wales with its registered office and principal place of business at Frank Saul House, Steele Road, London, United Kingdom, NW10 7AR.
The principal activity of the Company is that of property letting.
The presentational and functional currency of the Company is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents rent receivable during the year, exclusive of Value Added Tax.
Rental income is recognised in the year to which it relates. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33.33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
FIELDGROUND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.



3.


Employees

The director was the only employee of the Company during the current and preceding period.

Page 4

 
FIELDGROUND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 November 2023
7,245



At 31 October 2024

7,245



Depreciation


At 1 November 2023
7,245



At 31 October 2024

7,245



Net book value



At 31 October 2024
-



At 31 October 2023
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
2,600,000


Fair value movements
(400,000)



At 31 October 2024
2,200,000

The 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
973,501
973,501

Page 5

 
FIELDGROUND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
6,999
21,203

Other debtors
1,940
-

8,939
21,203



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
960

Taxation and social security
24,718
21,550

Other creditors
34,708
40,599

Accruals and deferred income
14,741
14,741

74,167
77,850



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
160,339
410,339


Page 6

 
FIELDGROUND PROPERTIES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Deferred taxation




2024


£






At beginning of year
257,163


Releaased to profit or loss
(100,000)



At end of year
157,163

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value adjustments
157,163
257,163


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



11.


Reserves

Profit and loss account

Included in profit and loss reserves are non-distributable fair value adjustments amounting to £1,069,336 (2023 - £1,369,336).

 
Page 7