Silverfin false false 31/03/2024 01/04/2023 31/03/2024 C R Reynolds 22/03/2022 L A Reynolds 22/03/2022 08 August 2024 The principal activity of the company is the provision of other accommodation. The company was incorporated on 22 March 2022 and had not commenced trading by 31 March 2024. 13995847 2024-03-31 13995847 bus:Director1 2024-03-31 13995847 bus:Director2 2024-03-31 13995847 2023-03-31 13995847 core:CurrentFinancialInstruments 2024-03-31 13995847 core:CurrentFinancialInstruments 2023-03-31 13995847 core:ShareCapital 2024-03-31 13995847 core:ShareCapital 2023-03-31 13995847 core:RetainedEarningsAccumulatedLosses 2024-03-31 13995847 core:RetainedEarningsAccumulatedLosses 2023-03-31 13995847 core:InvestmentPropertyIncludedWithinPPE 2023-03-31 13995847 core:InvestmentPropertyIncludedWithinPPE 2024-03-31 13995847 bus:OrdinaryShareClass1 2024-03-31 13995847 2023-04-01 2024-03-31 13995847 bus:FilletedAccounts 2023-04-01 2024-03-31 13995847 bus:SmallEntities 2023-04-01 2024-03-31 13995847 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13995847 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13995847 bus:Director1 2023-04-01 2024-03-31 13995847 bus:Director2 2023-04-01 2024-03-31 13995847 2022-03-22 2023-03-31 13995847 core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 13995847 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13995847 bus:OrdinaryShareClass1 2022-03-22 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13995847 (England and Wales)

ISLAND VIEW CAPITAL LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ISLAND VIEW CAPITAL LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ISLAND VIEW CAPITAL LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
ISLAND VIEW CAPITAL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS C R Reynolds
L A Reynolds
REGISTERED OFFICE Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 13995847 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
ISLAND VIEW CAPITAL LIMITED

BALANCE SHEET

As at 31 March 2024
ISLAND VIEW CAPITAL LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 31.03.2023
£ £
Fixed assets
Tangible assets 3 589,198 0
589,198 0
Current assets
Debtors 4 0 22,350
Cash at bank and in hand 5 4,221 528,780
4,221 551,130
Creditors: amounts falling due within one year 6 ( 602,362) ( 552,050)
Net current liabilities (598,141) (920)
Total assets less current liabilities (8,943) (920)
Net liabilities ( 8,943) ( 920)
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account ( 9,043 ) ( 1,020 )
Total shareholders' deficit ( 8,943) ( 920)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Island View Capital Limited (registered number: 13995847) were approved and authorised for issue by the Board of Directors on 08 August 2024. They were signed on its behalf by:

C R Reynolds
Director
ISLAND VIEW CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ISLAND VIEW CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Island View Capital Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

Year ended
31.03.2024
Period from
22.03.2022 to
31.03.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Investment property Total
£ £
Cost
At 01 April 2023 0 0
Additions 589,198 589,198
At 31 March 2024 589,198 589,198
Accumulated depreciation
At 01 April 2023 0 0
At 31 March 2024 0 0
Net book value
At 31 March 2024 589,198 589,198
At 31 March 2023 0 0

4. Debtors

31.03.2024 31.03.2023
£ £
Other debtors 0 22,350

5. Cash and cash equivalents

31.03.2024 31.03.2023
£ £
Cash at bank and in hand 4,221 528,780

6. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Trade creditors 22 0
Other creditors 602,340 552,050
602,362 552,050

7. Called-up share capital

31.03.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary Shares shares of £ 1.00 each 100 100

8. Related party transactions

Other related party transactions

31.03.2024 31.03.2023
£ £
Company under common control 601,000 551,000

At the balance sheet date £ 601,000 was due to a company under common control.