Fields Park Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13768477

Fields Park Holdings Limited

Filleted Unaudited Financial Statements

31 December 2024

Fields Park Holdings Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Investments	4	8,300	5,500

Current assets

Debtors	5	478,325	431,525
Cash at bank and in hand		3,304	6,448
		---------	---------
		481,629	437,973

Creditors: amounts falling due within one year	6	22,605	1,500
		---------	---------
Net current assets		459,024	436,473
		---------	---------
Total assets less current liabilities		467,324	441,973

Creditors: amounts falling due after more than one year	7	518,475	478,475
		---------	---------
Net liabilities		( 51,151)	( 36,502)
		---------	---------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	( 52,151)	( 37,502)
	--------	--------
Shareholders deficit	( 51,151)	( 36,502)
	--------	--------

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 December 2024 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 .

Fields Park Holdings Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mrs M E Higgins

Director

Company registration number: 13768477

Fields Park Holdings Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 19 Fields Park Road, Newport, NP20 5BA.

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,The financial statements are prepared in sterling, which is the functional currency of the entity. Consolidation The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group. Investments Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value doesn't exceed the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024	5,500
Additions	2,800
	-------
At 31 December 2024	8,300
	-------
Impairment
At 1 January 2024 and 31 December 2024	–
	-------

Carrying amount
At 31 December 2024	8,300
	-------
At 31 December 2023	5,500
	-------

		% of shares owned	Profit/(loss) before taxation	Net assets as at 31 December 2024

Fields Park Productions Limited (14063379)	100	(22,828)	(47,688)
Unquiet Media Limited (11643812)	50	(23,204)	(5,384)
Sleeping Giant Studio Limited (13655411)	50	2,977	29,088
Dragon Post (Wales) Limited (13056277)	75	81,783	3,947
Fivefold Studios Limited (11757888)	40	(10,379)	(9,879)

5. Debtors

	2024	2023
	£	£
Trade debtors	8,400	–
Amounts owed by group undertakings and undertakings in which the company has a participating interest	469,925	427,925
Other debtors	–	3,600
	---------	---------
	478,325	431,525
	---------	---------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Social security and other taxes	1,100	–
Other creditors	21,505	1,500
	--------	-------
	22,605	1,500
	--------	-------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors - Fields Park Media Partners Limited	102,000	62,000
Other creditors	416,475	416,475
	---------	---------
	518,475	478,475
	---------	---------

8. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mrs M E Higgins	( 416,475)	–	( 416,475)
	---------	----	---------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mrs M E Higgins	( 5,000)	( 411,475)	( 416,475)
	-------	---------	---------

9. Related party transactions

During the year to 31st December 2024, £18,000 (2023: £36,000) was paid to a director for consultancy fees.