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Registration number: 03678557

Fieldalter Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Fieldalter Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

Fieldalter Limited

(Registration number: 03678557)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

64,578

86,257

Tangible assets

5

3,170

2,926

Other financial assets

6

127,178

147,178

 

194,926

236,361

Current assets

 

Debtors

7

333,598

266,984

Cash at bank and in hand

 

49,233

38,197

 

382,831

305,181

Creditors: Amounts falling due within one year

8

(277,000)

(246,665)

Net current assets

 

105,831

58,516

Total assets less current liabilities

 

300,757

294,877

Creditors: Amounts falling due after more than one year

8

(70,728)

(132,715)

Provisions for liabilities

(793)

(732)

Net assets

 

229,236

161,430

Capital and reserves

 

Called up share capital

9

10,000

10,000

Retained earnings

219,236

151,430

Shareholders' funds

 

229,236

161,430

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

 

Fieldalter Limited

(Registration number: 03678557)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 July 2025 and signed on its behalf by:
 

.........................................
Mrs Julie Park
Director

 

Fieldalter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
35 - 37 Ludgate Hill
Office 7
London
EC4M 7JN
United Kingdom

These financial statements were authorised for issue by the Board on 30 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Fieldalter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% on cost

Computer Equipment

25% on cost

 

Fieldalter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over its estimated remaining useful life.

Asset class

Amortisation method and rate

Goodwill

5 years

Investments

Investments are recognised using the Amortised Cost and Effective Interest Method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 9).

 

Fieldalter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

485,647

485,647

At 31 March 2025

485,647

485,647

Amortisation

At 1 April 2024

399,390

399,390

Amortisation charge

21,679

21,679

At 31 March 2025

421,069

421,069

Carrying amount

At 31 March 2025

64,578

64,578

At 31 March 2024

86,257

86,257

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2024

14,740

14,740

Additions

2,119

2,119

At 31 March 2025

16,859

16,859

Depreciation

At 1 April 2024

11,814

11,814

Charge for the year

1,875

1,875

At 31 March 2025

13,689

13,689

Carrying amount

At 31 March 2025

3,170

3,170

At 31 March 2024

2,926

2,926

 

Fieldalter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Other financial assets (current and non-current)

Financial assets at amortised cost
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2024

147,178

147,178

Transfers

(20,000)

(20,000)

At 31 March 2025

127,178

127,178

Impairment

Carrying amount

At 31 March 2025

127,178

127,178

The amount included in Other Financial Assets relates to a loan to the company's ultimate parent undertaking, Fieldalter Management Holdings Limited. The loan is subject to a market rate of interest. There is no fixed repayment date.

7

Debtors

Note

2025
£

2024
£

Trade debtors

 

242,268

237,276

Amounts owed by group undertakings

11

56,571

-

Prepayments

 

34,759

29,708

 

333,598

266,984

 

Fieldalter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Bank loans and overdrafts

10

61,987

71,572

Trade creditors

 

61,001

49,834

Amounts owed to associates

11

5,689

2,006

PAYE and NIC

 

17,717

46,219

VAT

 

61,271

52,598

Accruals and deferred income

 

16,318

1,875

Other creditors

 

53,017

22,561

 

277,000

246,665

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

10

70,728

132,715

 

Fieldalter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

10,000

10,000

10,000

10,000

       

10

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

-

40,602

Other borrowings

70,728

92,113

70,728

132,715

All amounts outstanding at 31 March 2025 are repayable within 5 years.

Current loans and borrowings

2025
£

2024
£

Bank borrowings

40,602

51,826

Other borrowings

21,385

19,746

61,987

71,572

Other borrowings are subject to a fixed and floating charge.

 

Fieldalter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11

Related party transactions

Loans to related parties

2025

Ultimate Parent
£

Associates
£

Total
£

At start of period

147,178

-

147,178

Advanced

-

56,571

56,571

Repaid

(31,108)

-

(31,108)

Interest transactions

11,108

-

11,108

At end of period

127,178

56,571

183,749

2024

Ultimate Parent
£

Total
£

At start of period

147,178

147,178

Repaid

(11,254)

(11,254)

Interest transactions

11,254

11,254

At end of period

147,178

147,178

Terms of loans to related parties


The loan to the ultimate parent is subject to a market rate of interest. There is no fixed repayment date.

 
Amounts advanced to associates are non-interest bearing and repayable on demand.

 

Loans from related parties

There is a net amount owed to the Company's ultimate parent of £5,165 (2024: £1,582) and a net amount owed to the Company's immediate parent of £524 (2024: £424). These amounts are non interest bearing and repayable/receivable on demand.

12

Parent and ultimate parent undertaking

The company's immediate parent is Fieldalter Holdings Limited, incorporated in England and Wales.

 The ultimate parent is Fieldalter Management Holdings Limited, incorporated in England and Wales.