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REGISTERED NUMBER: 05127943 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2023

for

VIEW DEVELOPMENTS LIMITED

VIEW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05127943)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

VIEW DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 May 2023







Directors: S K Carrigan
E J Raine
J E Glendenning
D A Glendenning





Secretary: D A Glendenning





Registered office: 7 Hartford Road
Darlington
County Durham
DL3 8EY





Registered number: 05127943 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

VIEW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05127943)

Abridged Balance Sheet
31 May 2023

31/5/23 31/5/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 24 31
Investment property 5 872,685 872,685
872,709 872,716

Current assets
Cash at bank and in hand 29,356 121,764

Creditors
Amounts falling due within one year 84,308 76,371
Net current (liabilities)/assets (54,952 ) 45,393
Total assets less current liabilities 817,757 918,109

Creditors
Amounts falling due after more than one
year

6

(726,669

)

(806,683

)

Provisions for liabilities - (6 )
Net assets 91,088 111,420

Capital and reserves
Called up share capital 100 100
Retained earnings 90,988 111,320
91,088 111,420

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

VIEW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05127943)

Abridged Balance Sheet - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 February 2024 and were signed on its behalf by:





D A Glendenning - Director


VIEW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05127943)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

View Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 4 (2022 - 4 ) .

VIEW DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05127943)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 1,700
DEPRECIATION
At 1 June 2022 1,669
Charge for year 7
At 31 May 2023 1,676
NET BOOK VALUE
At 31 May 2023 24
At 31 May 2022 31

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 872,685
NET BOOK VALUE
At 31 May 2023 872,685
At 31 May 2022 872,685

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/5/23 31/5/22
£    £   
Repayable by instalments
Other loans 726,669 806,683

7. SECURED DEBTS

The following secured debts are included within creditors:

31/5/23 31/5/22
£    £   
Other loans 726,669 806,683

The mortgages are secured over the properties to which they relate.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
View Developments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of View Developments Limited for the year ended 31 May 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of View Developments Limited, as a body, in accordance with the terms of our engagement letter dated 5 October 2021. Our work has been undertaken solely to prepare for your approval the financial statements of View Developments Limited and state those matters that we have agreed to state to the Board of Directors of View Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that View Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of View Developments Limited. You consider that View Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of View Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


22 February 2024