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REGISTERED NUMBER: SC578643 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

THE VIEW LONGHAVEN LTD

THE VIEW LONGHAVEN LTD (REGISTERED NUMBER: SC578643)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE VIEW LONGHAVEN LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: P Bruce
Mrs D Bruce





REGISTERED OFFICE: Slipway
Harbour Road
Fraserburgh
Aberdeenshire
AB43 9TB





REGISTERED NUMBER: SC578643 (Scotland)

THE VIEW LONGHAVEN LTD (REGISTERED NUMBER: SC578643)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 563,989 576,493

CURRENT ASSETS
Debtors 6 28,957 34,239
Cash at bank 50,975 33,350
79,932 67,589
CREDITORS
Amounts falling due within one year 7 85,666 470,749
NET CURRENT LIABILITIES (5,734 ) (403,160 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

558,255

173,333

CREDITORS
Amounts falling due after more than one
year

8

603,699

223,416
NET LIABILITIES (45,444 ) (50,083 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (45,644 ) (50,283 )
SHAREHOLDERS' FUNDS (45,444 ) (50,083 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 VIEW LONGHAVEN LTD (REGISTERED NUMBER: SC578643)

BALANCE SHEET - continued
31 OCTOBER 2022


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

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 and authorised for issue on 12 September 2023 and were signed on its behalf by:





P Bruce - Director


THE VIEW LONGHAVEN LTD (REGISTERED NUMBER: SC578643)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

The View Longhaven Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

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.
Land and buildings - 2% 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.


THE VIEW LONGHAVEN LTD (REGISTERED NUMBER: SC578643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

3. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 November 2021
and 31 October 2022 625,182
DEPRECIATION
At 1 November 2021 48,689
Charge for year 12,504
At 31 October 2022 61,193
NET BOOK VALUE
At 31 October 2022 563,989
At 31 October 2021 576,493

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 26,916 25,432
Other debtors 2,041 8,807
28,957 34,239

THE VIEW LONGHAVEN LTD (REGISTERED NUMBER: SC578643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 35,151 35,151
Trade creditors 5,977 35,727
Taxation and social security 3,647 -
Other creditors 40,891 399,871
85,666 470,749

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 186,368 223,416
Other creditors 417,331 -
603,699 223,416

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 34,780 71,828

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 221,519 258,567

The bank holds a security over the farm and land at Blackhills, Longhaven.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.