Fieldgrange Estates Limited Filleted accounts for Companies House (small and micro)

FIELDGRANGE ESTATES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03963154

Fieldgrange Estates Limited

Filleted Unaudited Financial Statements

30 April 2018

Fieldgrange Estates Limited

Statement of Financial Position

30 April 2018

	2018		2017
Note	£	£	£

Fixed assets

Investments		–	2

Current assets

Debtors	4	2,330,604	2,261,104
Cash at bank and in hand		10,541	10,877
		------------	------------
		2,341,145	2,271,981

Creditors: amounts falling due within one year	5	2,778,139		2,777,672
		------------		------------
Net current liabilities			436,994	505,691
			---------	---------
Total assets less current liabilities			( 436,994)	( 505,689)
			---------	---------
Net liabilities			( 436,994)	( 505,689)
			---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 437,094)	( 505,789)
	---------	---------
Shareholders deficit	( 436,994)	( 505,689)
	---------	---------

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 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 30 April 2018 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 .

Fieldgrange Estates Limited

Statement of Financial Position (continued)

30 April 2018

These financial statements were approved by the board of directors and authorised for issue on 24 July 2019 , and are signed on behalf of the board by:

Mr J Feldman

Director

Company registration number: 03963154

Fieldgrange Estates Limited

Notes to the Financial Statements

Year ended 30 April 2018

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 ODH.

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.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Debtors

	2018	2017
	£	£
Other debtors	2,330,604	2,261,104
	------------	------------

5. Creditors: amounts falling due within one year

	2018	2017
	£	£
Amounts owed to related undertakings	2,760,190	2,760,189
Other creditors	17,949	17,483
	------------	------------
	2,778,139	2,777,672
	------------	------------

6. Related party transactions

Loan account balances with related companies are disclosed separately in the debtors and creditors notes to the accounts.