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REGISTERED NUMBER: 04413791 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

FIRSTVIEW ESTATES LTD

FIRSTVIEW ESTATES LTD (REGISTERED NUMBER: 04413791)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FIRSTVIEW ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: A Hoffman





SECRETARY: N Schwartz





REGISTERED OFFICE: 115 Craven Park Road
south Tottenham
London
N15 6BL





REGISTERED NUMBER: 04413791 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

FIRSTVIEW ESTATES LTD (REGISTERED NUMBER: 04413791)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,464 1,722
Investment property 6 1,200,000 1,200,000
1,201,464 1,201,722

CURRENT ASSETS
Debtors 7 115,892 104,464
Cash at bank 15,552 24,797
131,444 129,261
CREDITORS
Amounts falling due within one year 8 (223,343 ) (225,640 )
NET CURRENT LIABILITIES (91,899 ) (96,379 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,109,565

1,105,343

CREDITORS
Amounts falling due after more than one
year

9

(186,509

)

(211,693

)

PROVISIONS FOR LIABILITIES (65,283 ) (65,283 )
NET ASSETS 857,773 828,367

CAPITAL AND RESERVES
Called up share capital 12 1 1
Revaluation reserve 13 429,260 429,260
Fair value reserve 13 130,648 130,648
Retained earnings 13 297,864 268,458
SHAREHOLDERS' FUNDS 857,773 828,367

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

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

FIRSTVIEW ESTATES LTD (REGISTERED NUMBER: 04413791)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 and authorized for issue by the director and authorised for issue on 29 July 2024 and were signed by:





A Hoffman - Director


FIRSTVIEW ESTATES LTD (REGISTERED NUMBER: 04413791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Firstview Estates Ltd 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. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

FIRSTVIEW ESTATES LTD (REGISTERED NUMBER: 04413791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2022
and 31 October 2023 13,004
DEPRECIATION
At 1 November 2022 11,282
Charge for year 258
At 31 October 2023 11,540
NET BOOK VALUE
At 31 October 2023 1,464
At 31 October 2022 1,722

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 1,200,000
NET BOOK VALUE
At 31 October 2023 1,200,000
At 31 October 2022 1,200,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2015 471,118
Valuation in 2021 130,648
Cost 598,234
1,200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 572
Other debtors 115,892 103,892
115,892 104,464

FIRSTVIEW ESTATES LTD (REGISTERED NUMBER: 04413791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 7,646 5,056
Other creditors 215,697 220,584
223,343 225,640

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans (see note 10) 186,509 211,693

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 61,566 63,756

10. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 124,943 147,937

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 61,566 63,756

11. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 186,509 211,693

Bank loan is secured by first charge over the company's investment properties.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1

FIRSTVIEW ESTATES LTD (REGISTERED NUMBER: 04413791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

13. RESERVES
Fair
Retained Revaluation value
earnings reserve reserve Totals
£    £    £    £   

At 1 November 2022 268,458 429,260 130,648 828,366
Profit for the year 29,406 29,406
At 31 October 2023 297,864 429,260 130,648 857,772

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Hoffman.