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REGISTERED NUMBER: 05938729 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

ULLSWATER VIEW LIMITED

ULLSWATER VIEW LIMITED (REGISTERED NUMBER: 05938729)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ULLSWATER VIEW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTOR: Mrs J Miller-Crook





REGISTERED OFFICE: Ullswater View
Watermillock
Penrith
Cumbria
CA11 0JP





REGISTERED NUMBER: 05938729 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

ULLSWATER VIEW LIMITED (REGISTERED NUMBER: 05938729)

BALANCE SHEET
30TH SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 72,124 90,356
72,124 90,356

CURRENT ASSETS
Stocks 6 1,600 2,600
Debtors 7 136,479 91,480
Cash at bank 2,080 12,899
140,159 106,979
CREDITORS
Amounts falling due within one year 8 (55,733 ) (54,654 )
NET CURRENT ASSETS 84,426 52,325
TOTAL ASSETS LESS CURRENT LIABILITIES 156,550 142,681

CREDITORS
Amounts falling due after more than
one year

9

(23,167

)

(31,333

)

PROVISIONS FOR LIABILITIES 10 (15,903 ) (15,223 )
NET ASSETS 117,480 96,125

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 117,380 96,025
SHAREHOLDERS' FUNDS 117,480 96,125

ULLSWATER VIEW LIMITED (REGISTERED NUMBER: 05938729)

BALANCE SHEET - continued
30TH SEPTEMBER 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th February 2024 and were signed by:





Mrs J Miller-Crook - Director


ULLSWATER VIEW LIMITED (REGISTERED NUMBER: 05938729)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


1. STATUTORY INFORMATION

Ullswater View 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.

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.

Turnover
Turnover represents invoiced value of goods and services provided in the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has
been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Hotel Furnishings - 15% on cost
Equipment - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ULLSWATER VIEW LIMITED (REGISTERED NUMBER: 05938729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


ULLSWATER VIEW LIMITED (REGISTERED NUMBER: 05938729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


2. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2022
and 30th September 2023 35,000
AMORTISATION
At 1st October 2022
and 30th September 2023 35,000
NET BOOK VALUE
At 30th September 2023 -
At 30th September 2022 -

ULLSWATER VIEW LIMITED (REGISTERED NUMBER: 05938729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


5. TANGIBLE FIXED ASSETS
Improvements
to Hotel
property Furnishings Equipment
£    £    £   
COST
At 1st October 2022 93,511 23,005 30,267
Additions - 1,867 50
Disposals - (1,287 ) (2,975 )
At 30th September 2023 93,511 23,585 27,342
DEPRECIATION
At 1st October 2022 83,712 11,685 21,287
Charge for year 1,641 3,177 2,396
Eliminated on disposal - (1,286 ) (2,531 )
At 30th September 2023 85,353 13,576 21,152
NET BOOK VALUE
At 30th September 2023 8,158 10,009 6,190
At 30th September 2022 9,799 11,320 8,980

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st October 2022 62,190 5,465 214,438
Additions - - 1,917
Disposals - - (4,262 )
At 30th September 2023 62,190 5,465 212,093
DEPRECIATION
At 1st October 2022 2,073 5,325 124,082
Charge for year 12,438 52 19,704
Eliminated on disposal - - (3,817 )
At 30th September 2023 14,511 5,377 139,969
NET BOOK VALUE
At 30th September 2023 47,679 88 72,124
At 30th September 2022 60,117 140 90,356

6. STOCKS
30.9.23 30.9.22
£    £   
Stocks 1,600 2,600

ULLSWATER VIEW LIMITED (REGISTERED NUMBER: 05938729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 3,276 1,758
Other debtors 133,203 89,722
136,479 91,480

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 7,230 5,833
Trade creditors 4,005 4,506
Taxation and social security 37,816 36,824
Other creditors 6,682 7,491
55,733 54,654

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 23,167 23,333
Other creditors - 8,000
23,167 31,333

10. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax
Accelerated Capital Allowances 15,903 15,223

Deferred
tax
£   
Balance at 1st October 2022 15,223
Charge to Statement of Income and Retained Earnings
during year

680
Balance at 30th September 2023 15,903

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

ULLSWATER VIEW LIMITED (REGISTERED NUMBER: 05938729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023


12. RESERVES
Retained
earnings
£   

At 1st October 2022 96,025
Profit for the year 31,355
Dividends (10,000 )
At 30th September 2023 117,380

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2023 and 30th September 2022:

30.9.23 30.9.22
£    £   
Mrs J Miller-Crook
Balance outstanding at start of year 58,515 61,566
Amounts advanced 74,626 83,460
Amounts repaid (37,478 ) (86,511 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 95,663 58,515

The maximum balance the Directors Loan Account was overdrawn by during the year was £104,850. Interest has been charged at the HMRC approved interest rate on overdrawn amounts. Amounts are repayable on demand.