Finefield Ltd

Finefield Ltd

FINEFIELD LTD - Company Information

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1 October 2018 false No description of principal activity Taxfiler 2020.8.1 04911088business:PrivateLimitedCompanyLtd2018-10-012019-09-30 049110882018-09-30 049110882018-10-012019-09-30 04911088business:AuditExemptWithAccountantsReport2018-10-012019-09-30 04911088business:FullAccounts2018-10-012019-09-30 049110882019-09-30 04911088business:Director12018-10-012019-09-30 04911088business:RegisteredOffice2018-10-012019-09-30 049110882018-09-30 04911088core:WithinOneYear2019-09-30 04911088core:WithinOneYear2018-09-30 04911088core:AfterOneYear2019-09-30 04911088core:AfterOneYear2018-09-30 04911088core:ShareCapital2019-09-30 04911088core:ShareCapital2018-09-30 04911088core:RetainedEarningsAccumulatedLosses2019-09-30 04911088core:RetainedEarningsAccumulatedLosses2018-09-30 04911088business:SmallEntities2018-10-012019-09-30 04911088countries:EnglandWales2018-10-012019-09-30 04911088business:OrdinaryShareClass12018-10-012019-09-30 04911088business:OrdinaryShareClass12017-10-012018-09-30 049110882017-10-012018-09-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04911088 (England and Wales)
Finefield Ltd Unaudited accounts for the year ended 30 September 2019
Finefield Ltd Unaudited accounts Contents
Page
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Finefield Ltd Company Information for the year ended 30 September 2019
Director
David Reich
Company Number
04911088 (England and Wales)
Registered Office
99 CLAPTON COMMON LONDON E5 9AB ENGLAND
Accountants
Precision Ltd 32 Castlewood Road London N16 6DW
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Finefield Ltd Statement of financial position as at 30 September 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Investment property
4
2,560,000 
2,560,000 
Current assets
Debtors
5
2,375 
- 
Creditors: amounts falling due within one year
6
(589,299)
(563,683)
Net current liabilities
(586,924)
(563,683)
Total assets less current liabilities
1,973,076 
1,996,317 
Creditors: amounts falling due after more than one year
7
(547,515)
(617,659)
Provisions for liabilities
Deferred tax
(104,373)
(104,373)
Net assets
1,321,188 
1,274,285 
Capital and reserves
Called up share capital
8
1 
1 
Profit and loss account
1,321,187 
1,274,284 
Shareholders' funds
1,321,188 
1,274,285 
For the year ending 30 September 2019 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 June 2020 and were signed on its behalf by
David Reich Director Company Registration No. 04911088
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Finefield Ltd Notes to the Accounts for the year ended 30 September 2019
1
Statutory information
Finefield Ltd is a private company, limited by shares, registered in England and Wales, registration number 04911088. The registered office is 99 CLAPTON COMMON, LONDON, E5 9AB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents rents and similar charges exclusive of VAT.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.
4
Investment property
2019 
£ 
Fair value at 1 October 2018
2,560,000 
At 30 September 2019
2,560,000 
5
Debtors
2019 
2018 
£ 
£ 
Trade debtors
2,375 
- 
6
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Trade creditors
- 
29,000 
Taxes and social security
31,519 
42,124 
Other creditors
556,700 
491,479 
Accruals
1,080 
1,080 
589,299 
563,683 
7
Creditors: amounts falling due after more than one year
2019 
2018 
£ 
£ 
Bank loans
547,515 
617,659 
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Finefield Ltd Notes to the Accounts for the year ended 30 September 2019
8
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 0 (2018: 0).
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