IRIS Accounts Production v23.2.0.158 SC520651 director 1.3.22 28.2.23 28.2.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5206512022-02-28SC5206512023-02-28SC5206512022-03-012023-02-28SC5206512021-02-28SC5206512021-03-012022-02-28SC5206512022-02-28SC520651ns10:Originalns15:Scotland2022-03-012023-02-28SC520651ns14:PoundSterlingns10:Original2022-03-012023-02-28SC520651ns10:Originalns10:Director12022-03-012023-02-28SC520651ns10:Original2022-03-012023-02-28SC520651ns10:Original2023-02-28SC520651ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-28SC520651ns10:Originalns10:SmallEntities2022-03-012023-02-28SC520651ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-28SC520651ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-28SC520651ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-28SC520651ns10:Originalns10:FullAccounts2022-03-012023-02-28SC520651ns10:EntityHasNeverTradedns10:Original2022-03-012023-02-28SC520651ns10:Originalns10:OrdinaryShareClass12022-03-012023-02-28SC520651ns10:Originalns10:RegisteredOffice2022-03-012023-02-28SC520651ns10:Original2022-02-28SC520651ns10:Originalns5:CurrentFinancialInstruments2023-02-28SC520651ns10:Originalns5:CurrentFinancialInstruments2022-02-28SC520651ns10:Originalns5:Non-currentFinancialInstruments2023-02-28SC520651ns10:Originalns5:Non-currentFinancialInstruments2022-02-28SC520651ns5:ShareCapitalns10:Original2023-02-28SC520651ns5:ShareCapitalns10:Original2022-02-28SC520651ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-28SC520651ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-28SC520651ns10:Originalns5:LeaseholdImprovements2022-03-012023-02-28SC520651ns10:Originalns5:PlantMachinery2022-03-012023-02-28SC520651ns10:Originalns5:FurnitureFittings2022-03-012023-02-28SC520651ns10:Originalns5:ComputerEquipment2022-03-012023-02-28SC520651ns10:Original2021-03-012022-02-28SC520651ns10:Originalns5:LeaseholdImprovements2022-02-28SC520651ns10:Originalns5:PlantMachinery2022-02-28SC520651ns10:Originalns5:FurnitureFittings2022-02-28SC520651ns10:Originalns5:ComputerEquipment2022-02-28SC520651ns10:Original2022-02-28SC520651ns10:Originalns5:LeaseholdImprovements2023-02-28SC520651ns10:Originalns5:PlantMachinery2023-02-28SC520651ns10:Originalns5:FurnitureFittings2023-02-28SC520651ns10:Originalns5:ComputerEquipment2023-02-28SC520651ns10:Originalns5:LeaseholdImprovements2022-02-28SC520651ns10:Originalns5:PlantMachinery2022-02-28SC520651ns10:Originalns5:FurnitureFittings2022-02-28SC520651ns10:Originalns5:ComputerEquipment2022-02-28SC520651ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28SC520651ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28SC520651ns10:Originalns10:OrdinaryShareClass12023-02-28
REGISTERED NUMBER: SC520651 (Scotland)












Financial Statements

for the Year Ended 28 February 2023

for

Viewpark Investments Limited

Viewpark Investments Limited (Registered number: SC520651)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Viewpark Investments Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: V A Valentini





REGISTERED OFFICE: 216 West George Street
GLASGOW
G2 2PQ





REGISTERED NUMBER: SC520651 (Scotland)





ACCOUNTANTS: O'Haras Chartered Accountants
Radleigh House
1 Golf Road
Clarkston
Glasgow
G76 7HU

Viewpark Investments Limited (Registered number: SC520651)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287,666 319,055

CURRENT ASSETS
Debtors 5 130,870 51,572
Cash at bank 353 4,424
131,223 55,996
CREDITORS
Amounts falling due within one year 6 247,838 261,408
NET CURRENT LIABILITIES (116,615 ) (205,412 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,051

113,643

CREDITORS
Amounts falling due after more than one year 7 (34,734 ) (64,897 )

PROVISIONS FOR LIABILITIES (48,276 ) (26,957 )
NET ASSETS 88,041 21,789

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 87,941 21,689
SHAREHOLDERS' FUNDS 88,041 21,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Viewpark Investments Limited (Registered number: SC520651)

Balance Sheet - continued
28 February 2023


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 director and authorised for issue on 28 November 2023 and were signed by:





V A Valentini - Director


Viewpark Investments Limited (Registered number: SC520651)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Viewpark Investments Limited 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. ACCOUNTING POLICIES

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

Going concern
The directors are satisfied that the Company will have access to sufficient funds to ensure that all liabilities will be met as they fall due over a period of at least 12 months from the approval date of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

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.

Viewpark Investments Limited (Registered number: SC520651)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 226,932 115,002 47,936 2,608 392,478
Disposals - (10,264 ) - - (10,264 )
At 28 February 2023 226,932 104,738 47,936 2,608 382,214
DEPRECIATION
At 1 March 2022 13,530 43,781 14,373 1,739 73,423
Charge for year 4,538 10,683 5,035 869 21,125
At 28 February 2023 18,068 54,464 19,408 2,608 94,548
NET BOOK VALUE
At 28 February 2023 208,864 50,274 28,528 - 287,666
At 28 February 2022 213,402 71,221 33,563 869 319,055

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,740 48,000
Other debtors 127,130 3,572
130,870 51,572

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,907 -
Hire purchase contracts 7,474 7,474
Trade creditors - 10,282
Taxation and social security 362 8,803
Other creditors 228,095 234,849
247,838 261,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 26,007 48,696
Hire purchase contracts 8,727 16,201
34,734 64,897

Viewpark Investments Limited (Registered number: SC520651)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100