Fieldalter Commercial Limited
Fieldalter Commercial Limited
Registered number: 05524485
Unaudited Financial Statements
For The Year Ended 31 March 2018
Ashton Allsop
Chartered Accountants
Thorncroft Manor
Thorncroft Drive
Leatherhead
Surrey
KT22 8JB
Fieldalter Commercial Limited
Unaudited Financial Statements
For The Year Ended 31 March 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Fieldalter Commercial Limited
Balance Sheet
As at
31 March 2018
Balance Sheet
Registered number:
05524485
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 March 2018 | Period to 31 March 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | - | 2,319 | |||
Page 1
Fieldalter Commercial Limited
Balance Sheet (continued)
As at
31 March 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Fieldalter Commercial Limited
Notes to the Financial Statements
For The Year Ended 31 March 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The company transferred its trade and net assets to its fellow subsidiary Fieldlalter Limited with effect from 1 April 2017. The company is no longer trading.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
1.4.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.
Intangible Assets
| Goodwill | |||
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| £ | |||
| Cost | |||
| As at |
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| Disposals | (180,000) | ||
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| Amortisation | |||
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| Disposals | (106,298) | ||
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| Net Book Value | |||
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3.
Debtors
| 31 March 2018 | Period to 31 March 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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Page 3
Fieldalter Commercial Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2018
4.
Creditors: Amounts Falling Due Within One Year
| 31 March 2018 | Period to 31 March 2017 | ||
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| £ | £ | ||
| Trade creditors |
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| Other taxes and social security | - |
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| Pension Backed Loan |
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| Licence Back of IP |
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| Amounts owed to group undertakings |
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5.
Creditors: Amounts Falling Due After More Than One Year
| 31 March 2018 | Period to 31 March 2017 | ||
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| £ | £ | ||
| Pension Backed Loan - more than one year |
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| Licence back of IP - more than one year |
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7.
Ultimate Controlling Party
The company's ultimate controlling party is Fieldalter Management Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company's immediate parent Fieldalter Holdings Limited.
8.
General Information
Fieldalter Commercial Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05524485 . The registered office is 35-37 Ludgate Hill, Office 7, London, EC4M 7JN.
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