Fieldview Homes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04193734 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2021

for

Fieldview Homes Limited

Page

Company information

1

Chartered accountants' report

2

Statement of financial position

3

to

4

Notes to the financial statements

5

to

7

Director:

Mrs K Wood

Secretary:

Mrs K Wood

Registered office:

Hannaford House

Kennford

Exeter

Devon

EX6 7XZ

Registered number:

04193734 (England and Wales)

Accountants:

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fieldview Homes Limited for the year ended 30 June 2021 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Fieldview Homes Limited in accordance with the terms of our engagement letter dated 15 January 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Fieldview Homes Limited and state those matters that we have agreed to state to the director of Fieldview Homes Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fieldview Homes Limited and its director for our work or for this report.

It is your duty to ensure that Fieldview Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fieldview Homes Limited. You consider that Fieldview Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fieldview Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Moore Thompson

Bank House

Broad Street

Spalding

Lincolnshire

PE11 1TB

24 June 2022

Fixed assets

Tangible assets

5

2,223

2,616

Investment property

6

994,234

994,234

996,457

996,850

Current assets

Stocks

240,000

240,000

Debtors

7

405,146

15,313

Cash at bank

20,250

11,825

665,396

267,138

Creditors

Amounts falling due within one year

8

1,505,095

1,115,807

Net current liabilities

(839,699

)

(848,669

)

Total assets less current liabilities

156,758

148,181

Creditors

Amounts falling due after more than one year

9

84,421

96,450

Net assets

72,337

51,731

Capital and reserves

Called up share capital

11

100

100

Retained earnings

72,237

51,631

Shareholders' funds

72,337

51,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2022 and were signed by:

Mrs K Wood - Director

1.	Statutory information

Fieldview Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold investment property

-

nil depreciation

Plant and equipment

-

15 % reducing balance

Investment property

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	Employees and directors

The average number of employees during the year was 1 (2020 - 1 ) .

5.	Tangible fixed assets

Plant and

equipment

£

Cost

At 1 July 2020

and 30 June 2021

18,243

Depreciation

At 1 July 2020

15,627

Charge for year

393

At 30 June 2021

16,020

Net book value

At 30 June 2021

2,223

At 30 June 2020

2,616

6.	Investment property

Total

£

Cost

At 1 July 2020

and 30 June 2021

994,234

Net book value

At 30 June 2021

994,234

At 30 June 2020

994,234

Freehold investment property was valued in 2017, on an open market value basis, by the director at £990,000.

7.

Debtors: amounts falling due within one year

2021

2020

£

£

Sundry debtors

370,000

-

Prepayments and accrued income

35,146

15,313

405,146

15,313

8.

Creditors: amounts falling due within one year

2021

2020

£

£

Bank loans and overdrafts

11,477

7,792

Corporation tax

4,926

5,496

Other creditors

370,000

-

Directors' loan accounts

1,112,978

1,099,805

Accruals and deferred income

5,714

2,714

1,505,095

1,115,807

Bank loans are secured on the freehold property of the company.

9.

Creditors: amounts falling due after more than one year

2021

2020

£

£

Bank loans

84,421

96,450

Bank loans are secured on the freehold property of the company.

10.	Secured debts

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

95,898

104,242

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary shares

£1

100

100