IRIS Accounts Production v24.1.9.2 03024492 director 1.3.23 29.2.24 29.2.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030244922023-02-28030244922024-02-29030244922023-03-012024-02-29030244922022-02-28030244922022-03-012023-02-28030244922023-02-2803024492ns15:EnglandWales2023-03-012024-02-2903024492ns14:PoundSterling2023-03-012024-02-2903024492ns10:Director12023-03-012024-02-2903024492ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2903024492ns10:SmallEntities2023-03-012024-02-2903024492ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2903024492ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2903024492ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2903024492ns10:AbridgedAccounts2023-03-012024-02-2903024492ns10:CompanySecretary12023-03-012024-02-2903024492ns10:RegisteredOffice2023-03-012024-02-2903024492ns5:CurrentFinancialInstruments2024-02-2903024492ns5:CurrentFinancialInstruments2023-02-2803024492ns5:Non-currentFinancialInstruments2024-02-2903024492ns5:Non-currentFinancialInstruments2023-02-2803024492ns5:ShareCapital2024-02-2903024492ns5:ShareCapital2023-02-2803024492ns5:RevaluationReserve2024-02-2903024492ns5:RevaluationReserve2023-02-2803024492ns5:RetainedEarningsAccumulatedLosses2024-02-2903024492ns5:RetainedEarningsAccumulatedLosses2023-02-2803024492ns5:PlantMachinery2023-03-012024-02-2903024492ns5:FurnitureFittings2023-03-012024-02-2903024492ns5:ComputerEquipment2023-03-012024-02-2903024492ns5:RevaluationReserve2023-02-28
REGISTERED NUMBER: 03024492 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PANORAMIC VIEW LIMITED

PANORAMIC VIEW LIMITED (REGISTERED NUMBER: 03024492)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PANORAMIC VIEW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: C M Varty





SECRETARY: Mrs F Varty





REGISTERED OFFICE: Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN





REGISTERED NUMBER: 03024492 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

PANORAMIC VIEW LIMITED (REGISTERED NUMBER: 03024492)

ABRIDGED BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 840,000 843,195
Investments 5 225,000 225,000
1,065,000 1,068,195

CURRENT ASSETS
Debtors 142,280 219,431
Cash at bank 53,621 -
195,901 219,431
CREDITORS
Amounts falling due within one year 73,724 63,892
NET CURRENT ASSETS 122,177 155,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,187,177

1,223,734

CREDITORS
Amounts falling due after more than one
year

6

(245,389

)

(290,945

)

PROVISIONS FOR LIABILITIES (111,611 ) (111,611 )
NET ASSETS 830,177 821,178

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 471,453 471,453
Retained earnings 358,722 349,723
SHAREHOLDERS' FUNDS 830,177 821,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

PANORAMIC VIEW LIMITED (REGISTERED NUMBER: 03024492)

ABRIDGED BALANCE SHEET - continued
29 FEBRUARY 2024


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 29 February 2024 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 director and authorised for issue on 10 September 2024 and were signed by:





C M Varty - Director


PANORAMIC VIEW LIMITED (REGISTERED NUMBER: 03024492)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Panoramic 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales and hire of equipment, 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Freehold Property is not amortised.

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 NIL (2023 - NIL).

PANORAMIC VIEW LIMITED (REGISTERED NUMBER: 03024492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 March 2023 1,034,211
Disposals (194,211 )
At 29 February 2024 840,000
DEPRECIATION
At 1 March 2023 191,016
Eliminated on disposal (191,016 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 840,000
At 28 February 2023 843,195

Cost or valuation at 29 February 2024 is represented by:

Totals
£   
Valuation in 2021 542,040
Valuation in 2022 40,000
Cost 257,960
840,000

If the freehold property had not been revalued it would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 257,960 257,960

The freehold property was valued on an open market basis on 29 February 2024 by the Director .

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
29.2.24 28.2.23
£    £   
Other investments 225,000 225,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
29.2.24 28.2.23
£    £   
Repayable by instalments
Bank loan over 5 years 59,437 108,101

PANORAMIC VIEW LIMITED (REGISTERED NUMBER: 03024492)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. REVALUATION RESERVE
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 471,453

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr C Varty and Mrs F Varty, who jointly own the entire issued share capital of the company.