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COMPANY REGISTRATION NUMBER: 01061108
FIFIELD INVESTMENTS LIMITED
Filleted Unaudited Financial Statements
31 March 2025
FIFIELD INVESTMENTS LIMITED
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
1,500,000
1,500,000
Current assets
Debtors
6
796,934
752,639
Cash at bank and in hand
60,232
56,295
---------
---------
857,166
808,934
Creditors: amounts falling due within one year
7
143,315
121,117
---------
---------
Net current assets
713,851
687,817
------------
------------
Total assets less current liabilities
2,213,851
2,187,817
Provisions
Taxation including deferred tax
220,000
220,000
------------
------------
Net assets
1,993,851
1,967,817
------------
------------
Capital and reserves
Called up share capital
400
400
Fair value reserve
9
1,157,882
1,157,882
Profit and loss account
9
835,569
809,535
------------
------------
Shareholders funds
1,993,851
1,967,817
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FIFIELD INVESTMENTS LIMITED
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 26 August 2025 , and are signed on behalf of the board by:
Mr D Fluss
Director
Company registration number: 01061108
FIFIELD INVESTMENTS LIMITED
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are recorded at cost less depreciation.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets
Land and buildings
£
Cost
At 1 April 2024 and 31 March 2025
1,500,000
------------
Depreciation
At 1 April 2024 and 31 March 2025
------------
Carrying amount
At 31 March 2025
1,500,000
------------
At 31 March 2024
1,500,000
------------
6. Debtors
2025
2024
£
£
Other debtors
796,934
752,639
---------
---------
Other debtors include amounts due from related undertakings of £794,729 (2024: £751,560).
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
13,175
21,333
Amounts owed to group undertakings and undertakings in which the company has a participating interest
3,434
Corporation tax
8,678
2,359
Other creditors
118,028
97,425
---------
---------
143,315
121,117
---------
---------
8. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2025
2024
£
£
Included in provisions
220,000
220,000
---------
---------
The deferred tax account consists of the tax effect of timing differences in respect of:
2025
2024
£
£
Fair value adjustment of investment property
220,000
220,000
---------
---------
9. Reserves
Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.