Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseproperty investment and management22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09846995 2023-01-01 2023-12-31 09846995 2022-01-01 2022-12-31 09846995 2023-12-31 09846995 2022-12-31 09846995 c:Director1 2023-01-01 2023-12-31 09846995 d:FurnitureFittings 2023-01-01 2023-12-31 09846995 d:FurnitureFittings 2023-12-31 09846995 d:FurnitureFittings 2022-12-31 09846995 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09846995 d:ComputerEquipment 2023-01-01 2023-12-31 09846995 d:ComputerEquipment 2023-12-31 09846995 d:ComputerEquipment 2022-12-31 09846995 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09846995 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09846995 d:FreeholdInvestmentProperty 2023-12-31 09846995 d:FreeholdInvestmentProperty 2022-12-31 09846995 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 09846995 d:CurrentFinancialInstruments 2023-12-31 09846995 d:CurrentFinancialInstruments 2022-12-31 09846995 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09846995 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09846995 d:ShareCapital 2023-12-31 09846995 d:ShareCapital 2022-12-31 09846995 d:RevaluationReserve 2023-12-31 09846995 d:RevaluationReserve 2022-12-31 09846995 d:RetainedEarningsAccumulatedLosses 2023-12-31 09846995 d:RetainedEarningsAccumulatedLosses 2022-12-31 09846995 c:OrdinaryShareClass1 2023-01-01 2023-12-31 09846995 c:OrdinaryShareClass1 2023-12-31 09846995 c:FRS102 2023-01-01 2023-12-31 09846995 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09846995 c:FullAccounts 2023-01-01 2023-12-31 09846995 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09846995 2 2023-01-01 2023-12-31 09846995 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 09846995 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09846995














LEV VIEW HOMES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 DECEMBER 2023

 
LEV VIEW HOMES LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6

 
LEV VIEW HOMES LIMITED
REGISTERED NUMBER:09846995

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
-
178

Investment property
 5 
1,165,000
1,107,362

  
1,165,000
1,107,540

Current assets
  

Debtors: amounts falling due within one year
 6 
3,279
1,938

Bank and cash balances
  
138,636
117,823

  
141,915
119,761

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(765,932)
(815,321)

Net current liabilities
  
 
 
(624,017)
 
 
(695,560)

Provisions for liabilities
  

Deferred tax
  
(14,410)
-

Net assets
  
526,573
411,980


Capital and reserves
  

Called up share capital 
 9 
100
100

Revaluation reserve
  
43,228
-

Profit and loss account
  
483,245
411,880

  
526,573
411,980

Page 1

 
LEV VIEW HOMES LIMITED
REGISTERED NUMBER:09846995
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.


G S Levy
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LEV VIEW HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Lev View Homes Limited is a private limited liability company registered in England and Wales. Its registered office address is at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD and the principal place of business is at 21 Holly Park Gardens, London, N3 3NG.
The principal activity of the company is that of property investment and management. 
The company's functional and presentational currency is £ sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of rent and management services receivable for the period. 
Rental income from investment properties is recognised on a straight-line basis over the rental
agreement term.
Management fees income is recognised when the services are rendered.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Fixtures and fittings
-
25%
straight line
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

Page 3

 
LEV VIEW HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Comprehensive Income.

 
2.5

Basic financial instruments

The company only enters into transactions that result in the recognition of basic financial assets and basic financial liabilities.
Basic financial assets, such as trade and other debtors, are initially recognised at the transaction price less attributable transaction costs. Basic financial liabilities, such as trade and other creditors, are initially recognised at the transaction price plus attributable transaction costs. Subsequently, they are measured at amortised cost using the effective interest method, less any impairment losses in the case of basic financial assets.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions. 
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Current and deferred taxation

Tax is recognised in the Statement of Comprehensive Income, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.
Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the balance sheet date, except that:
1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits; and
2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax
allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is
determined using tax rates and laws that have been enacted or substantively enacted by the balance
sheet date.

Page 4

 
LEV VIEW HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost


At 1 January 2023
9,717
2,416
12,133



At 31 December 2023

9,717
2,416
12,133



Depreciation


At 1 January 2023
9,717
2,238
11,955


Charge for the year on owned assets
-
178
178



At 31 December 2023

9,717
2,416
12,133



Net book value



At 31 December 2023
-
-
-



At 31 December 2022
-
178
178


5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
1,107,362


Surplus on revaluation
57,638



At 31 December 2023
1,165,000

The 2023 valuations were made by directors, on an open market value for existing use basis.








Page 5

 
LEV VIEW HOMES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Other debtors
45
-

Prepayments and accrued income
3,234
1,938

3,279
1,938



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Taxation and social security
22,003
16,963

Other creditors
738,146
794,164

Accruals and deferred income
5,783
4,194

765,932
815,321



8.


Deferred taxation




2023


£






Charged to profit or loss
(14,410)



At end of year
(14,410)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Investment property revaluations
14,410
-


9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1 each
100
100


 
Page 6