REGISTERED NUMBER: 14485216 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

FIELD 374 LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

4

400,000

400,000

CURRENT ASSETS

Debtors

5

633

13,523

Cash at bank

1,798

3,276

2,431

16,799

CREDITORS

Amounts falling due within one year

6

9,790

9,136

NET CURRENT (LIABILITIES)/ASSETS

(7,359

)

7,663

TOTAL ASSETS LESS CURRENT LIABILITIES

392,641

407,663

CREDITORS

Amounts falling due after more than one year

7

(267,584

)

(279,131

)

PROVISIONS FOR LIABILITIES

(26,806

)

(26,806

)

NET ASSETS

98,251

101,726

CAPITAL AND RESERVES

Called up share capital

10

10

Fair value reserve

80,415

80,415

Retained earnings

17,826

21,301

98,251

101,726

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2026 and were signed by:

P Field - Director

1.	STATUTORY INFORMATION

Field 374 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

14485216

Registered office:

364 Old Kent Road

London

SE1 5AA

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover consists of rents received from investment property and is recognised to the period in which it relates on an accruals basis

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax

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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

EMPLOYEES

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

400,000

NET BOOK VALUE

At 31 March 2026

400,000

At 31 March 2025

400,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2023

107,221

Cost

292,779

400,000

If had not been revalued would have been included at the following historical cost:

2026

2025

£

£

Cost

292,779

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Amounts owed by associates

-

13,500

Other debtors

633

23

633

13,523

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

3,268

4,904

Amounts owed to associates

3,700

-

Taxation and social security

1,620

3,331

Other creditors

1,202

901

9,790

9,136

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

166,981

168,774

Other creditors

100,603

110,357

267,584

279,131

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

151,070

144,767

Included within other creditors is an amount due from the director of £100,603 (2025: £110,357). The loan accrues interest at 8% per annum and is repayable on demand.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Bank loans

170,249

173,678

The bank loans were secured by fixed charges over the investment property.

9.	RELATED PARTY DISCLOSURES

Companies under common control

Amount due to

Clyde & Paul Ltd

£

Opening balance

13,500

Amounts advanced

200

Amounts repaid

(20,350

)

Closing balance

(3,700

)

This balance is included within current liabilities.

10.	ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £3,475, and as at the year end the current liabilities exceeded current assets by £6,532.

The validity of this basis depends upon the continued support of the company's director. The director confirms that he will give the required support.