Fieldhouse Ltd Filleted Accounts Cover |
Company No. 03734987 | |||||||||
Fieldhouse Ltd Directors Report Registrar |
The Directors present their report and the accounts for the year ended 31 December 2024. | |||||||||
Principal activities | |||||||||
Directors | |||||||||
The Directors who served at any time during the year were as follows: | |||||||||
Lucy Atkinson | |||||||||
Patricia Pring | |||||||||
Patrick Atkinson | |||||||||
Signed on behalf of the board | |||||||||
Patrick Atkinson | |||||||||
Director | |||||||||
12 August 2025 | |||||||||
Fieldhouse Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Intangible assets | 4 | |||||||||
Tangible assets | 5 | |||||||||
Current assets | ||||||||||
Stocks | 6 | |||||||||
Debtors | 7 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 8 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 9 | ( | ( | |||||||
Provisions for liabilities | ||||||||||
Deferred taxation | ( | ( | ||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 11 | |||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 12 August 2025 and signed on its behalf by: | ||||||||||
Patrick Atkinson | ||||||||||
Director | ||||||||||
12 August 2025 | ||||||||||
Fieldhouse Ltd Notes to the Accounts Registrar |
for the year ended 31 December 2024 | ||||||||||||||
1 | General information | |||||||||||||
Fieldhouse Ltd is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 03734987 | ||||||||||||||
Its registered office is: | ||||||||||||||
Going concern | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Plant and machinery | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Stocks | ||||||||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses. | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Leased assets | ||||||||||||||
Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. | ||||||||||||||
Defined contribution pensions | ||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||
Exemption from disclosure of related party transactions | ||||||||||||||
The company has taken advantage of the exemption within the paragraph 33 of FRS102 and on the basis of that exemption transactions with companies in the same wholly owned group of companies have not been disclosed. | ||||||||||||||
Financial instruments | ||||||||||||||
Financial assets | ||||||||||||||
Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when: | ||||||||||||||
(a) The contractual rights to the cash flows from the asset expire or are settled; | ||||||||||||||
(b) Substantially all the risks and rewards of the ownership of the asset are transferred to another party; or | ||||||||||||||
(c) Control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. | ||||||||||||||
Financial liabilities | ||||||||||||||
Basic financial liabilities, including trade and other payables, and loans from third parties are initially recognised and carried forward at transaction price. | ||||||||||||||
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. | ||||||||||||||
The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method. | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Intangible fixed assets | |||||||||||||
Goodwill | Total | |||||||||||||
£ | £ | |||||||||||||
Cost | ||||||||||||||
At 1 January 2024 | ||||||||||||||
At 31 December 2024 | ||||||||||||||
Amortisation and impairment | ||||||||||||||
At 1 January 2024 | ||||||||||||||
At 31 December 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 31 December 2024 | ||||||||||||||
At 31 December 2023 | ||||||||||||||
5 | Tangible fixed assets | |||||||||||||
Plant and machinery | Fixtures, fittings and equipment | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost or revaluation | ||||||||||||||
At 1 January 2024 | ||||||||||||||
Additions | ||||||||||||||
At 31 December 2024 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 January 2024 | ||||||||||||||
Charge for the year | ||||||||||||||
At 31 December 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 31 December 2024 | ||||||||||||||
At 31 December 2023 | - | 146,680 | ||||||||||||
6 | Stocks | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Raw materials and consumables | ||||||||||||||
7 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Amounts owed by group undertakings | ||||||||||||||
Loans to directors | ||||||||||||||
Other debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
Amounts included within Other debtors that fall due after more than one year | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
9 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
10 | Share Capital | |||||||||||||
Share capital consists of 2 ordinary shares of £1 each, which are fully paid up. | ||||||||||||||
11 | Reserves | |||||||||||||
12 | Contingent Assets/Liabilities | |||||||||||||
13 | Dividends | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Dividends for the period: | ||||||||||||||
Dividends paid in the period | 61,364 | 428,112 | ||||||||||||
428,112 | ||||||||||||||
Dividends by type: | ||||||||||||||
Equity dividends | ||||||||||||||
61,364 | 428,112 | |||||||||||||
14 | Controlling party | |||||||||||||
The company is a subsidiary undertaking of Fieldhouse Radcliffe on Trent Limited, a company incorporated in and registered in England and Wales. | ||||||||||||||
Fieldhouse Radcliffe on Trent Limited is the immediate controlling party. | ||||||||||||||
The Registered Office of Fieldhouse Radcliffe on Trent Limited is as follows: | ||||||||||||||
C17, Kestrel Business Centre | ||||||||||||||
Colwick Industrial Estate | ||||||||||||||
Nottingham | ||||||||||||||
NG4 2JR | ||||||||||||||
The ultimate controlling party is the director, P.S Atkinson. | ||||||||||||||
15 | Related party transactions | |||||||||||||
Transactions with the director | ||||||||||||||
During the year a loan to the director, P Pring subsisted. The balance at December 2024, which was the maximum balance outstanding during the year was £6,240 (2023 £6,239). | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Balances due by other companies controlled by the director P.S Atkinson | 1,717,124 | 1,284,790 | ||||||||||||
Balances due to other companies controlled by the director P.S Atkinson | 443,629 | 249,790 | ||||||||||||
The balances are unsecured, free of interest and are repayable upon demand. | ||||||||||||||
As described in note 12 above, the company has provided guarantees in respect of the bank borrowings of other companies controlled by the director, P S Atkinson. | ||||||||||||||