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REGISTERED NUMBER: 01755525 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Treatview Limited

Treatview Limited (Registered number: 01755525)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Treatview Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr S Overs





REGISTERED OFFICE: Expresso Slots
19 Market Place
Bedlington
Northumberland
NE22 5TN





REGISTERED NUMBER: 01755525 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Treatview Limited (Registered number: 01755525)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 2,407,016 2,348,287
Investments 7 653,789 653,789
3,060,805 3,002,076

CURRENT ASSETS
Stocks 6,816 11,486
Debtors 8 53,471 41,186
Cash at bank and in hand 977,252 1,280,982
1,037,539 1,333,654
CREDITORS
Amounts falling due within one year 9 (1,187,629 ) (1,281,060 )
NET CURRENT (LIABILITIES)/ASSETS (150,090 ) 52,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,910,715

3,054,670

CREDITORS
Amounts falling due after more than one
year

10

(6,237

)

(13,410

)

PROVISIONS FOR LIABILITIES (235,030 ) (188,572 )
NET ASSETS 2,669,448 2,852,688

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 2,669,348 2,852,588
SHAREHOLDERS' FUNDS 2,669,448 2,852,688

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

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

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 November 2024 and were signed by:





Mr S Overs - Director


Treatview Limited (Registered number: 01755525)

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

1. STATUTORY INFORMATION

Treatview 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Treatview Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable from amusement arcades, stated net of discounts and value added tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the company.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of twenty years.

In the opinion of the directors this represents the period over which the goodwill is effective.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost and in accordance with length of lease
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks
Stocks are measured at the lower of cost and selling price less cost to complete and sell. Cost is calculated on a first in, first out basis and includes all costs of purchase.


Treatview Limited (Registered number: 01755525)

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

3. ACCOUNTING POLICIES - continued
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

Current taxation is the amount of taxation in respect of the taxable profit for the year or prior years.

A deferred taxation asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of the current and previous period.

Deferred taxation arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred taxation is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that the directors consider that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred taxation 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 differences.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Fixed asset investments
Investments in subsidiary undertakings are accounted for at cost less impairment in the individual financial statements. Dividend is recognised in the profit and loss account when the right to receive payment is established.

Leases
Assets acquired under finance leases are capitalised and depreciated in the same manner as tangible fixed assets. The related obligations, net of future finance charges are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the term of the lease.

Employee benefits
Short term employee benefits, including contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 36 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 83,379
AMORTISATION
At 1 June 2023
and 31 May 2024 83,379
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

Treatview Limited (Registered number: 01755525)

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

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 1,970,098 3,008,535 4,978,633
Additions 50,070 430,472 480,542
Disposals - (12,549 ) (12,549 )
At 31 May 2024 2,020,168 3,426,458 5,446,626
DEPRECIATION
At 1 June 2023 714,401 1,915,945 2,630,346
Charge for year 59,243 360,845 420,088
Eliminated on disposal - (10,824 ) (10,824 )
At 31 May 2024 773,644 2,265,966 3,039,610
NET BOOK VALUE
At 31 May 2024 1,246,524 1,160,492 2,407,016
At 31 May 2023 1,255,697 1,092,590 2,348,287

7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 653,789
NET BOOK VALUE
At 31 May 2024 653,789
At 31 May 2023 653,789

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,033 1,459
Other debtors 46,438 39,727
53,471 41,186

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases (see note 11) 6,997 6,853
Trade creditors 62,706 186,830
Amounts owed to group undertakings 554,331 553,754
Taxation and social security 133,087 103,044
Other creditors 430,508 430,579
1,187,629 1,281,060

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Finance leases (see note 11) 594 7,591
Other creditors 5,643 5,819
6,237 13,410

Treatview Limited (Registered number: 01755525)

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

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
2024 2023
£    £   
Net obligations repayable:
Within one year 6,997 6,853
Between one and five years 594 7,591
7,591 14,444

Non-cancellable operating leases
2024 2023
£    £   
Within one year 105,000 113,125
Between one and five years 370,000 385,000
In more than five years 727,500 817,500
1,202,500 1,315,625