Registered number
10526133
Thames View Group Ltd
Filleted Accounts
31 December 2023
Thames View Group Ltd
Registered number: 10526133
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 35,006 31,876
Investments 4 50 50
35,056 31,926
Current assets
Stocks 6,643 -
Debtors 5 122,591 84,371
Cash at bank and in hand 20,907 56,424
150,141 140,795
Creditors: amounts falling due within one year 6 (202,902) (137,980)
Net current (liabilities)/assets (52,761) 2,815
Total assets less current liabilities (17,705) 34,741
Creditors: amounts falling due after more than one year 7 (23,274) (34,363)
Net (liabilities)/assets (40,979) 378
Capital and reserves
Called up share capital 100 100
Share premium 50,000 50,000
Profit and loss account (91,079) (49,722)
Shareholders' funds (40,979) 378
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Tomas Brokevicius
Director
Approved by the board on 12 September 2024
Thames View Group Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% on written down value
Motor vehicles 25% on written down value
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 8,596 43,653 52,249
Additions 2,722 15,490 18,212
Disposals - (7,115) (7,115)
At 31 December 2023 11,318 52,028 63,346
Depreciation
At 1 January 2023 5,759 14,614 20,373
Charge for the year 3,148 10,866 14,014
On disposals - (6,047) (6,047)
At 31 December 2023 8,907 19,433 28,340
Net book value
At 31 December 2023 2,411 32,595 35,006
At 31 December 2022 2,837 29,039 31,876
4 Investments
Other
investments
£
Cost
At 1 January 2023 50
At 31 December 2023 50
5 Debtors 2023 2022
£ £
Trade debtors 71,406 32,186
Other debtors 51,185 52,185
122,591 84,371
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 92,500 11,087
Obligations under finance lease and hire purchase contracts 2,315 3,640
Trade creditors 17,790 6,675
Taxation and social security costs 90,296 116,576
Other creditors 1 2
202,902 137,980
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,217 29,263
Obligations under finance lease and hire purchase contracts 4,057 5,100
23,274 34,363
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 24,000 24,000
9 Other information
Thames View Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
210/210a Billet Road
London
E17 5DY
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