Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-3132021-01-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01853946 2021-01-01 2021-12-31 01853946 2021-12-31 01853946 2020-01-01 2020-12-31 01853946 2020-12-31 01853946 2020-01-01 01853946 c:Director1 2021-01-01 2021-12-31 01853946 c:Director3 2021-01-01 2021-12-31 01853946 d:FreeholdInvestmentProperty 2021-12-31 01853946 d:FreeholdInvestmentProperty 2020-12-31 01853946 d:CurrentFinancialInstruments 2021-12-31 01853946 d:CurrentFinancialInstruments 2020-12-31 01853946 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 01853946 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 01853946 d:ShareCapital 2021-12-31 01853946 d:ShareCapital 2020-12-31 01853946 d:RevaluationReserve 2021-12-31 01853946 d:RevaluationReserve 2020-12-31 01853946 d:OtherMiscellaneousReserve 2021-01-01 2021-12-31 01853946 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 01853946 d:RetainedEarningsAccumulatedLosses 2021-12-31 01853946 d:RetainedEarningsAccumulatedLosses 2020-12-31 01853946 c:OrdinaryShareClass1 2021-01-01 2021-12-31 01853946 c:OrdinaryShareClass1 2021-12-31 01853946 c:OrdinaryShareClass1 2020-12-31 01853946 c:FRS102 2021-01-01 2021-12-31 01853946 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 01853946 c:FullAccounts 2021-01-01 2021-12-31 01853946 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 01853946 6 2021-01-01 2021-12-31 01853946 d:OtherDeferredTax 2021-12-31 01853946 d:OtherDeferredTax 2020-12-31 xbrli:shares iso4217:GBP xbrli:pure

Company Registration Number 01853946























CITYVIEW LIMITED





UNAUDITED
FINANCIAL STATEMENTS





 31 DECEMBER 2021























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CITYVIEW LIMITED
REGISTERED NUMBER: 01853946

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investment property
 4 
875,000
875,000

  
875,000
875,000

Current assets
  

Debtors: amounts falling due within one year
 5 
51,602
38,002

Cash at bank and in hand
  
6,155
7,426

  
57,757
45,428

Creditors: amounts falling due within one year
 6 
(14,088)
(12,438)

Net current assets
  
 
 
43,669
 
 
32,990

Total assets less current liabilities
  
918,669
907,990

Provisions for liabilities
  

Deferred tax
 7 
(99,507)
(99,507)

  
 
 
(99,507)
 
 
(99,507)

Net assets
  
819,162
808,483

Page 1

 
CITYVIEW LIMITED
REGISTERED NUMBER: 01853946

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Capital and reserves
  

Called up share capital 
 8 
100
100

Revaluation reserve
 9 
424,217
424,217

Profit and loss account
 9 
394,845
384,166

  
819,162
808,483


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr W Brotherton
Mr D Brotherton
Director
Director


Date: 4 August 2022

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CITYVIEW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Cityview Limited is a private company limited by shares incorporated in England & Wales. The registered office of the company is Fairview House, Victoria Place, Carlisle, Cumbria, CA1 1HP and its principal place of business is Stoneshiel Hall, Stoneshiel, Auchencrow, Eyemouth TD14 5LU.
The presentational currency of the financial statements is Pounds Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Revenue

Rents and management charges receivable in respect of freehold investment property are recognised in the period to which they relate.

 
2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 3

 
CITYVIEW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at estimated fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.6

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 
CITYVIEW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2021
875,000



At 31 December 2021
875,000

The 2021 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2021
2020
£
£


Historic cost
391,057
391,057

Accumulated depreciation and impairments
(159,692)
(151,870)

231,365
239,187

Page 5

 
CITYVIEW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Debtors

2021
2020
£
£


Trade debtors
798
800

Other debtors
50,804
37,202

51,602
38,002



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
1,102
3,217

Corporation tax
2,567
3,440

Other taxation and social security
2,292
1,343

Other creditors
4,575
947

Accruals and deferred income
3,552
3,491

14,088
12,438



7.


Deferred taxation




2021
2020


£

£






At beginning of year
(99,507)
(89,033)


Charged to profit or loss
-
(10,474)



At end of year
(99,507)
(99,507)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Changes on the revaluation of investment property
(99,507)
(99,507)

(99,507)
(99,507)

Page 6

 
CITYVIEW LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) Ordinary shares of £1.00 each
100
100



9.


Reserves

Other reserves

This reserve comprises of non distributable profits in respect of property revaluations.

Profit and loss account

This reserve comprises of accumulated distributable profits and losses.


10.


Pension commitments

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the reporting date £220 was payable to the fund (2020 - £220). 


Page 7