Openfields Robertsbridge Ltd - Period Ending 2022-02-28

Openfields Robertsbridge Ltd

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 6

Openfields Robertsbridge Ltd

Company Information

Directors

Mr H B Colver Mr AJ Franklin Mr W F Meyer

Company secretary

FCA UK Limited

Registered office

320 Garratt Lane London SW18 4EJ

Accountants

Franklin, Chartered Accountants 320 Garratt Lane London SW18 4EJ

Openfields Robertsbridge Ltd

(Registration number: 13170286)
Balance Sheet as at 28 February 2022

	Note	2022 £
Current assets
Cash at bank and in hand		100
Creditors: Amounts falling due after more than one year	4	(14,365)
Net liabilities		(14,265)
Capital and reserves
Called up share capital	5	100
Retained earnings		(14,365)
Shareholders' deficit		(14,265)

For the financial period ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 30 September 2022 and signed on its behalf by:
 

......................................... Mr W F Meyer Director

Openfields Robertsbridge Ltd

Statement of Changes in Equity for the Period from 1 February 2021 to 28 February 2022

	Share capital £	Retained earnings £	Total £
Loss for the period	-	(14,365)	(14,365)
New share capital subscribed	100	-	100
At 28 February 2022	100	(14,365)	(14,265)

Openfields Robertsbridge Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2021 to 28 February 2022

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
320 Garratt Lane
London
SW18 4EJ

These financial statements were authorised for issue by the Board on 30 September 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Openfields Robertsbridge Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2021 to 28 February 2022

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

 Impairment
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

Openfields Robertsbridge Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2021 to 28 February 2022

4

Creditors

Creditors: amounts falling due after more than one year

	2022 £
Due after one year
Other non-current financial liabilities	14,365

5	Share capital

Allotted, called up and fully paid shares

	2022
	No.	£
Ordinary A of £1 each	99	99
Ordinary B of £1 each	1	1
	100	100