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REGISTERED NUMBER: 07472192 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31st December 2023

for

I-VIEW LONDON LIMITED

I-VIEW LONDON LIMITED (REGISTERED NUMBER: 07472192)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

I-VIEW LONDON LIMITED

Company Information
for the year ended 31st December 2023







DIRECTORS: B Qureshi
I B Roca
J Zeunges
P A S C Barrow
N Griffiths





SECRETARY: J D Diggle





REGISTERED OFFICE: Wellington House
125-130 Strand
London
WC2R 0AP





REGISTERED NUMBER: 07472192 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

I-VIEW LONDON LIMITED (REGISTERED NUMBER: 07472192)

Statement of Financial Position
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 70,668 105,642

CURRENT ASSETS
Debtors 5 338,182 242,683
Cash at bank and in hand 116,359 33,904
454,541 276,587
CREDITORS
Amounts falling due within one year 6 587,703 526,834
NET CURRENT LIABILITIES (133,162 ) (250,247 )
TOTAL ASSETS LESS CURRENT LIABILITIES (62,494 ) (144,605 )

CREDITORS
Amounts falling due after more than one
year

7

(135,072

)

(196,662

)

PROVISIONS FOR LIABILITIES (47,424 ) (37,567 )
NET LIABILITIES (244,990 ) (378,834 )

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings (245,290 ) (379,134 )
SHAREHOLDERS' FUNDS (244,990 ) (378,834 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

I-VIEW LONDON LIMITED (REGISTERED NUMBER: 07472192)

Statement of Financial Position - continued
31st December 2023


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 26th September 2024 and were signed on its behalf by:





B Qureshi - Director


I-VIEW LONDON LIMITED (REGISTERED NUMBER: 07472192)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

i-view London 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.

During the year, the company recovered following the COVID-19 pandemic disruption to the business. The business is now profitable and cash generating.

The Board believe the company to be able to meet its liabilities as they fall due for a period of at least 12 months from the date the financial statements were authorised for issue. Accordingly, the Board are satisfied that the financial statements should be prepared on the going concern basis.

Turnover
Turnover represents charges made for the use of the studio and the ancillary services provided to clients and is recognised in the accounts by reference to the date of the booking.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the lease
Improvements to property - in accordance with the lease
Plant and machinery - 20% on cost and at varying rates on cost
Fixtures and fittings - 10% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

I-VIEW LONDON LIMITED (REGISTERED NUMBER: 07472192)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Short to Plant and and
leasehold property machinery fittings Totals
£    £    £    £    £   
COST
At 1st January 2023 25,026 317,163 170,064 43,751 556,004
Additions - - - 831 831
At 31st December 2023 25,026 317,163 170,064 44,582 556,835
DEPRECIATION
At 1st January 2023 17,520 222,013 167,719 43,110 450,362
Charge for year 2,502 31,716 1,259 328 35,805
At 31st December 2023 20,022 253,729 168,978 43,438 486,167
NET BOOK VALUE
At 31st December 2023 5,004 63,434 1,086 1,144 70,668
At 31st December 2022 7,506 95,150 2,345 641 105,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 267,020 169,887
Directors' current accounts 1,471 43
Prepayments 69,691 72,753
338,182 242,683

I-VIEW LONDON LIMITED (REGISTERED NUMBER: 07472192)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 55,879 73,856
Other loans 25,000 -
Trade creditors 264,950 288,588
Tax 63,579 22,186
Social security and other taxes 6,242 5,119
VAT 24,148 3,021
Other creditors 1,613 1,898
Accrued expenses 146,292 132,166
587,703 526,834

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 135,072 196,662

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 360,490 360,490
Between one and five years 513,081 873,571
873,571 1,234,061

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 190,951 270,518

Fixed and floating charges over all property and assets.

I-VIEW LONDON LIMITED (REGISTERED NUMBER: 07472192)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

31.12.23 31.12.22
£    £   
B Qureshi
Balance outstanding at start of year - -
Amounts advanced 1,471 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,471 -

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
i-view London Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of i-view London Limited for the year ended 31st December 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of i-view London Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of i-view London Limited and state those matters that we have agreed to state to the Board of Directors of i-view London Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than i-view London Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that i-view London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of i-view London Limited. You consider that i-view London Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of i-view London Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


26th September 2024