Company registration number: 10522583
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Market Fields Ltd
Pages for filing with the Registrar
Company registration number: 10522583
Market Fields Ltd
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 4,000 8,000
Tangible assets 5 12,755 5,730
16,755 13,730
Current assets
Stocks 35,669 36,686
Debtors 6 191,400 151,486
Cash at bank and in hand 120,772 189,223
347,841 377,395
Creditors: amounts falling due within one year
7 (111,534) (108,999)
Net current assets 236,307 268,396
Total assets less current liabilities 253,062 282,126
Provisions for liabilities (2,883) (1,089)
NET ASSETS 250,179 281,037
Capital and reserves
Called up share capital 200 200
Profit and loss account 249,979 280,837
TOTAL EQUITY 250,179 281,037
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 10522583
Market Fields Ltd
Balance sheet - continued
as at 31 December 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 September 2026 and signed on its behalf by:
Mrs N Kerridge, Director
15 September 2026
2
Market Fields Ltd
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Market Fields Ltd is a private company registered in England and Wales. Its registered number is 10522583. The company is limited by shares. Its registered office is 36 Holton Road, Halesworth, Suffolk, IP19 8HG.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 15% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
3
Market Fields Ltd
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 8 (2024 - 8).
4 Intangible assets
Goodwill
£
Cost
At 1 January 2025 40,000
At 31 December 2025 40,000
Amortisation
At 1 January 2025 32,000
Charge for year 4,000
At 31 December 2025 36,000
4
Market Fields Ltd
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Intangible assets - continued
Net book value
At 31 December 2025 4,000
At 31 December 2024 8,000
5 Tangible fixed assets
Plant and machinery etc.

£
Cost
At 1 January 2025 12,151
Additions 9,276
At 31 December 2025 21,427
Depreciation
At 1 January 2025 6,421
Charge for year 2,251
At 31 December 2025 8,672
Net book value
At 31 December 2025 12,755
At 31 December 2024 5,730
6 Debtors
2025 2024
£ £
Directors' loan accounts 6,786 14,161
Taxation 9,664 7,175
Other debtors 174,950 130,150
191,400 151,486
5
Market Fields Ltd
Notes to the financial statements - continued
for the year ended 31 December 2025
7 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 27,828 31,304
Other creditors 74,716 67,061
Taxation 5,362 8,233
Social security and other tax 900 946
Accruals and deferred income 2,728 1,455
111,534 108,999
8 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024.
2025 2024
£ £
Mrs N S Kerridge
Balance outstanding at start of year 7,081 13,574
Amounts advanced 166 3,757
Amounts repaid (3,854) (10,250)
Balance outstanding at end of year 3,393 7,081
The loan is unsecured, repayable on demand and interest is payable at HMRC official rates.
2025 2024
£ £
Mr N J Kerridge
Balance outstanding at start of year 7,080 13,574
Amounts advanced 166 3,756
Amounts repaid (3,853) (10,250)
Balance outstanding at end of year 3,393 7,080
The loan is unsecured, repayable on demand and interest is payable at HMRC official rates.
6