IRIS Accounts Production v24.2.0.383 04054624 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040546242023-03-31040546242024-03-31040546242023-04-012024-03-31040546242022-03-31040546242022-04-012023-03-31040546242023-03-3104054624ns15:EnglandWales2023-04-012024-03-3104054624ns14:PoundSterling2023-04-012024-03-3104054624ns10:Director12023-04-012024-03-3104054624ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104054624ns10:SmallEntities2023-04-012024-03-3104054624ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104054624ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104054624ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104054624ns10:FullAccounts2023-04-012024-03-3104054624ns10:OrdinaryShareClass12023-04-012024-03-3104054624ns10:Director22023-04-012024-03-3104054624ns10:Director32023-04-012024-03-3104054624ns10:Director42023-04-012024-03-3104054624ns10:CompanySecretary12023-04-012024-03-3104054624ns10:RegisteredOffice2023-04-012024-03-3104054624ns5:CurrentFinancialInstruments2024-03-3104054624ns5:CurrentFinancialInstruments2023-03-3104054624ns5:Non-currentFinancialInstruments2024-03-3104054624ns5:Non-currentFinancialInstruments2023-03-3104054624ns5:ShareCapital2024-03-3104054624ns5:ShareCapital2023-03-3104054624ns5:RevaluationReserve2024-03-3104054624ns5:RevaluationReserve2023-03-3104054624ns5:RetainedEarningsAccumulatedLosses2024-03-3104054624ns5:RetainedEarningsAccumulatedLosses2023-03-3104054624ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3104054624ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3104054624ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3104054624ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3104054624ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3104054624ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-3104054624ns5:Secured2024-03-3104054624ns5:Secured2023-03-3104054624ns5:DeferredTaxation2023-03-3104054624ns5:DeferredTaxation2024-03-3104054624ns10:OrdinaryShareClass12024-03-3104054624ns5:RevaluationReserve2023-03-31
REGISTERED NUMBER: 04054624 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Viewforward Limited

Viewforward Limited (Registered number: 04054624)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Viewforward Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J Greenhalgh
S G Greenhalgh
G R Ball
M C Ball





SECRETARY: M C Ball





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 04054624 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Viewforward Limited (Registered number: 04054624)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 510,500 510,500

CURRENT ASSETS
Debtors 5 2,450 2,450
Cash at bank 20,466 26,019
22,916 28,469
CREDITORS
Amounts falling due within one year 6 102,747 93,936
NET CURRENT LIABILITIES (79,831 ) (65,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

430,669

445,033

CREDITORS
Amounts falling due after more than
one year

7

(66,958

)

(76,805

)

PROVISIONS FOR LIABILITIES 9 (49,585 ) (49,585 )
NET ASSETS 314,126 318,643

CAPITAL AND RESERVES
Called up share capital 10 6 6
Non distributable reserve 11 268,815 268,815
Retained earnings 45,305 49,822
SHAREHOLDERS' FUNDS 314,126 318,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Viewforward Limited (Registered number: 04054624)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





G R Ball - Director


Viewforward Limited (Registered number: 04054624)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Viewforward 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 rents receivable and services recharged net of value added tax.

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.

The directors acknowledge that although this policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005), this treatment represents a departure from the requirement of the Companies Act 1985 to depreciate all tangible fixed assets except land, however this is necessary to give a true and fair view, as investment properties are not held to be consumed within the operations of an enterprise but are held for their investment potential. It is not possible to quantify the amount of depreciation that might have been provided due to the subjectivity of any amount reported.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Viewforward Limited (Registered number: 04054624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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 4 (2023 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 510,500
NET BOOK VALUE
At 31 March 2024 510,500
At 31 March 2023 510,500

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2007 182,900
Valuation in 2022 135,500
Cost 192,100
510,500

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

31.3.24 31.3.23
£    £   
Cost 192,100 192,100

Investment property was valued on an open market basis on 17 November 2022 by Peter E Gilkes & Company .

Viewforward Limited (Registered number: 04054624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. INVESTMENT PROPERTY - continued

The directors are of the opinion that the valuation is still appropriate.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,450 2,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,800 10,800
Corporation tax 3,414 3,667
VAT 1,170 1,200
Other creditors 30,070 21,000
Directors' current accounts 56,058 56,058
Accrued expenses 1,235 1,211
102,747 93,936

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 11,400 11,400
Bank loans - 2-5 years 36,000 36,000
Bank loans repayable in more
than 5 years by instalments 19,558 29,405
66,958 76,805

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable in more
than 5 years by instalments 19,558 29,405
19,558 29,405

Viewforward Limited (Registered number: 04054624)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 77,758 87,605

The loan is secured on the freehold land and property owned by the company.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 49,585 49,585

Deferred
tax
£   
Balance at 1 April 2023 49,585
Balance at 31 March 2024 49,585

10. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
6 Ordinary £1 6 6

11. RESERVES
Non
distributable
reserve
£   
At 1 April 2023
and 31 March 2024 268,815

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.