Company Registration No. 13404431 (England and Wales)
BALTIC VIEW LIMITED
Unaudited accounts
for the year ended 31 December 2023
BALTIC VIEW LIMITED
Company Information
for the year ended 31 December 2023
Director
Christos Dimitriadis
Company Number
13404431 (England and Wales)
Registered Office
60 WELBECK STREET
LONDON
W1G 9XB
ENGLAND
BALTIC VIEW LIMITED
Statement of financial position
as at 31 December 2023
Investment property
4,130,000
4,650,000
Cash at bank and in hand
65,663
67,512
Creditors: amounts falling due within one year
(201,063)
(92,679)
Net current (liabilities)/assets
(10,202)
98,222
Total assets less current liabilities
4,119,798
4,756,530
Creditors: amounts falling due after more than one year
(3,289,820)
(3,361,360)
Provisions for liabilities
Net assets
829,978
1,365,378
Called up share capital
1,476,001
1,276,001
Profit and loss account
(646,023)
89,377
Shareholders' funds
829,978
1,365,378
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 April 2024 and were signed on its behalf by
Christos Dimitriadis
Director
Company Registration No. 13404431
BALTIC VIEW LIMITED
Notes to the Accounts
for the year ended 31 December 2023
BALTIC VIEW LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13404431. The registered office is 60 WELBECK STREET, LONDON, W1G 9XB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Property, plant and equipment
Property, plant and equipment are stated at historical cost less accumulated depreciation and any accumulated
impairment losses.
Depreciation is calculated on the straight-line method so as to write off the cost of each asset to its residual value over its estimated useful life.
The assets residual values and useful lives are reviewed, and adjusted if appropriate, at each reporting date.
Where the carrying amount of an asset is greater than its estimated recoverable amount, the asset is written down immediately to its recoverable amount.
Expenditure for repairs and maintenance of property, plant and equipment is charged to profit or loss of the year in which it is incurred. The cost of major renovations and other subsequent expenditure are included in the carrying amount of the asset when it is probable that future economic benefits in excess of the originally assessed standard of performance of the existing asset will flow to the Company. Major renovations are depreciated over the remaining useful life of the related asset.
An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in profit or loss.
Investment property is stated at fair value, which reflects market conditions at the reporting date.
Gains or losses arising from changes in the fair values of investment properties are included in profit or loss in the period in which they arise, including the corresponding tax effect.
BALTIC VIEW LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Total
At 31 December 2023
24,926
At 31 December 2023
24,926
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).