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

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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Fieldbonds Limited is a private company limited by shares incorporated in England and Wales. The registered office is Environment House, 1 St. Marks Street, Nottingham, NG3 1DE.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group qualifies as a small group. The financial statements present information about the company as an individual entity and not about the group.

Turnover comprises rent receivable and recharges of expenses at invoiced valued net value added tax.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Investment property is carried at fair value. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

Interests in subsidiariess are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

Investments in unlisted Company shares, whose market value can be reliably determined are revalued to market value at each balance sheet date. Gains and losses on revaluation are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

The 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 net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The average monthly number of persons (including directors) employed by the company during the year was:

The valuation was made on an open market value for existing use basis by the directors.

On the 31 December 2023 the Company purchased the remaining 25% of the share capital in Cordline Services Limited for £481,950. The total investment was revalued to £3,600,000. The directors valued the investment based on the value in use of the property held in Cordline Services Limited.

The historic cost of the 75% holding was £75,000.

On 31 August 2023 the company purchased share capital in Fieldbonds Southport Limited for £1. This is valued at cost and has not been revalued.

On 27 March 2024 the company purchased share capital in Zentry Property Limited for £1. This is valued at cost and has not been revalued.

Details of the company's subsidiaries at 31 March 2025 are as follows:

The company has taken advantage of the exemption available under the section 1AC.35 of FRS102 from disclosing transactions entered into between two or more wholly - owned members of the group.

Included within other debtors is £1,834,427 (2024: £1,799,881) due from Autoforge Limited, £370,501 (2024: £2,165,215) due from Cricklade Property, £8,282 (2024: £8,282) due from Skerritts of Nottingham Limited, £30,000 (2024: £101,096) from Ocean Breeze Residential Care Home Limited and £9,780 (2024: £nil) from Ancefin Property Management Limited, all of which are related parties by virtue of common directors.

Included within other creditors is £94,430 (2024: £103,969) due to Purico Limited, £262,330 (2024: £262,330) due to Clary Limited, £786,990 (2024: £894,954) due to Melham Group Limited, £55,000 (2024: £55,000) due to Purico Speciality Paper Co Limited and £5,274,577 (2024: £7,292,343) due to Donlow Fininvest Limited all of which are related parties by virtue of common directors.

During the year Fieldbonds Limited received rental income of £248,800 (2024: £117,396) from Companies with common directors.

During the year the company received loan interest of £306,550 (2024: £301,033) from Companies with common directors.

During the year the company paid loan interest of £468,768 (2024: £298,490) to Companies with common directors.

The parent company is Freibusa Limited, a company incorporated in the Isle of Man.

The ultimate controlling party is N R Puri, the controlling party of the parent company.

The prior period adjustment consisted of a £2 increase in Fixed asset investments for the share capital in Fieldbonds Southport Limited and Zentry Property Limited at £1 each and £2 decrease in amounts owed by subsidiaries.