Field Lane Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03757552 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

FOR

FIELD LANE INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Meek

G J A Tomblin

SECRETARY:

Mrs S M Meek

REGISTERED OFFICE:

King Charles Barn

Field Lane

Cam

Dursley

Gloucestershire

GL11 5HU

REGISTERED NUMBER:

03757552 (England and Wales)

ACCOUNTANTS:

Shiner Mitchell Fisher & Co Ltd

Smith House

George Street

Nailsworth

Stroud

Gloucestershire

GL6 0AG

FIXED ASSETS

Tangible assets

4

3,269,360

3,204,416

CURRENT ASSETS

Debtors

5

14,611

3,092

Cash at bank

100,841

124,175

115,452

127,267

CREDITORS

Amounts falling due within one year

6

175,446

156,552

NET CURRENT LIABILITIES

(59,994

)

(29,285

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,209,366

3,175,131

CREDITORS

Amounts falling due after more than one year

7

(2,258,303

)

(2,281,169

)

PROVISIONS FOR LIABILITIES

(10,171

)

(7,291

)

NET ASSETS

940,892

886,671

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

940,872

886,651

SHAREHOLDERS' FUNDS

940,892

886,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 March 2019 and were signed on its behalf by:

D J Meek - Director

1.	STATUTORY INFORMATION

Field Lane Investments 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 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 provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2017

3,166,042

197,441

3,363,483

Additions

49,787

33,000

82,787

Disposals

-

(18,750

)

(18,750

)

At 30 June 2018

3,215,829

211,691

3,427,520

DEPRECIATION

At 1 July 2017

-

159,067

159,067

Charge for year

-

17,843

17,843

Eliminated on disposal

-

(18,750

)

(18,750

)

At 30 June 2018

-

158,160

158,160

NET BOOK VALUE

At 30 June 2018

3,215,829

53,531

3,269,360

At 30 June 2017

3,166,042

38,374

3,204,416

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade debtors

4,989

-

Other debtors

9,622

3,092

14,611

3,092

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.18

30.6.17

£

£

Trade creditors

86,206

59,327

Taxation and social security

9,839

13,803

Other creditors

79,401

83,422

175,446

156,552

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.18

30.6.17

£

£

Other creditors

2,258,303

2,281,169

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY