Fieldmill Management Limited iXBRL

Company Registration Number: 04097688

Fieldmill Management Limited

Abridged Unaudited Financial Statements

for the financial year ended 31 March 2023

Fieldmill Management Limited

DIRECTOR'S REPORT

for the financial year ended 31 March 2023

The director presents his report and the unaudited financial statements for the financial year ended 31 March 2023.

Principal Activity

The principal activity of the company is the management of property on behalf of its owners.

Results and Dividends

The surplus for the financial year amounted to £0.00 (2022 - £0.00).

The Profit and Loss Account and Balance Sheet are set out on pages 7 and 8 respectively.

Director

The director who served during the financial year is as follows:

Patrick Gibney

There were no changes in shareholdings between 31 March 2023 and the date of signing the financial statements.

In accordance with the Constitution, the director retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Transfer to Sinking Fund

The directors recommend the transferring of £0 to the sinking fund for the current year (2022: £0).

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Patrick Gibney

Director

29 June 2023

Fieldmill Management Limited

STATEMENT OF DIRECTOR'S RESPONSIBILITIES AND DECLARATION ON UNAUDITED FINANCIAL STATEMENTS

for the financial year ended 31 March 2023

The director made the following statement in respect of the unaudited financial statements:

"General responsibilities

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and apply them consistently;
-	make judgements and accounting estimates that are reasonable and prudent;
-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Director's declaration on unaudited financial statements

In relation to the financial statements which comprise the Abridged Income Statement, the Abridged Statement of Financial Position, the Statement of Changes in Equity and the related notes:

The director approves these financial statements and confirms that he is responsible for them, including selecting the appropriate accounting policies, applying them consistently and making, on a reasonable and prudent basis, the judgements underlying them. They have been prepared on the going concern basis on the grounds that the company will continue in business.

The director confirms that he has made available to John McElhinney & Co., (Chartered Accountants), all the company's accounting records and provided all the information, books and documents necessary for the compilation of the financial statements.

The director confirms that to the best of his knowledge and belief, the accounting records reflect all the transactions of the company for the financial year ended 31 March 2023."

On behalf of the board

Patrick Gibney

Director

29 June 2023

Fieldmill Management Limited

ABRIDGED INCOME STATEMENT

for the financial year ended 31 March 2023

		2023		2022
	Notes	£		£

Income		14,927		13,343
Expenditure		(14,927)		(13,343)
		─────────		─────────
Surplus for the financial year		-		-
		─────────		─────────
Total comprehensive income		-		-
		═════════		═════════

Fieldmill Management Limited

Company Registration Number: 04097688

ABRIDGED STATEMENT OF FINANCIAL POSITION

as at 31 March 2023

			2023		2022
		Notes	£		£
Current Assets

Receivables			8,946		8,398
Cash and cash equivalents			20,544		22,383
			─────────		─────────
			29,490		30,781
			─────────		─────────
Payables: amounts falling due within one year			(26,940)		(28,231)
			─────────		─────────
Net Current Assets			2,550		2,550
			─────────		─────────
Total Assets less Current Liabilities			2,550		2,550
			═════════		═════════
Equity

Called up share capital			50		50
Other reserves			2,500		2,500
			─────────		─────────
Equity attributable to owners of the company			2,550		2,550
			═════════		═════════
The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 29 June 2023

Patrick Gibney
Director

Fieldmill Management Limited

STATEMENT OF CHANGES IN EQUITY

as at 31 March 2023

	Called up	Sinking	Total
	share	fund
	capital
	£	£	£
At 1 April 2021	50	2,500	2,550
	─────────	─────────	─────────
At 31 March 2022	50	2,500	2,550
	─────────	─────────	─────────
At 31 March 2023	50	2,500	2,550
	═════════	═════════	═════════

Fieldmill Management Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

1.	General Information
	Fieldmill Management Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 04097688. The registered office of the company is C/O 2 Mitcham Road, Tooting Broadway, London, SW17 0TF, United Kingdom which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2.	Summary of Significant Accounting Policies
	The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
	Statement of compliance
	The financial statements of the company for the year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
	Basis of preparation
	The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
	Income
	Revenue represents net service charges and sinking fund contributions received and receivable from unit holders/tenants for the period. Where collectability is not assured, revenue is recognised when it is probable that the economic benefits associated with the transaction will flow to the company. A provision for bad and doubtful debts is recognised where Directors deem that collectability is not assured. Where a deficit arises for the financial year, this is transfered against the sinking fund reserve.
	Trade and other receivables
	Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Statement of Financial Position bank overdrafts are shown within Payables.
	Trade and other payables
	Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
	Taxation
	The company is not established for the profit or gain of its members. The company is solely trading for the mutual benefit of its members and accordingly is only liable to Corporation Tax on non mutual profits.
	Foreign currencies
	Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
	Ordinary share capital
	The ordinary share capital of the company is presented as equity.

3.	Significant accounting judgements and key sources of estimation uncertainty
	The preparation of these financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Judgements and estimates are continually evaluated and are based on historical experiences and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.

4.	Employees
	The average monthly number of employees, including director, during the financial year was 0, (2022 - 0).

5.	Capital commitments
	The company had no material capital commitments at the financial year-ended 31 March 2023.

6.	Events After the End of the Reporting Period
	There have been no significant events affecting the company since the financial year-end.