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REGISTERED NUMBER: 02583019 (England and Wales)















Unaudited Financial Statements for the Year Ended 29th February 2024

for

Preview Investments Limited

Preview Investments Limited (Registered number: 02583019)






Contents of the Financial Statements
for the Year Ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Preview Investments Limited

Company Information
for the Year Ended 29th February 2024







DIRECTOR: Mrs V M Hall





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 02583019 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Preview Investments Limited (Registered number: 02583019)

Balance Sheet
29th February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 715,000 715,000

CURRENT ASSETS
Cash at bank 87,857 104,311

CREDITORS
Amounts falling due within one year 5 165,596 171,709
NET CURRENT LIABILITIES (77,739 ) (67,398 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,261

647,602

CREDITORS
Amounts falling due after more than
one year

6

(273,165

)

(273,144

)

PROVISIONS FOR LIABILITIES 8 (13,300 ) (13,300 )
NET ASSETS 350,796 361,158

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 366,370 366,370
Retained earnings 10 (15,674 ) (5,312 )
SHAREHOLDERS' FUNDS 350,796 361,158

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Preview Investments Limited (Registered number: 02583019)

Balance Sheet - continued
29th February 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 director and authorised for issue on 15th October 2024 and were signed by:





Mrs V M Hall - Director


Preview Investments Limited (Registered number: 02583019)

Notes to the Financial Statements
for the Year Ended 29th February 2024

1. STATUTORY INFORMATION

Preview Investments 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.

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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

Preview Investments Limited (Registered number: 02583019)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023
and 29th February 2024 715,000
NET BOOK VALUE
At 29th February 2024 715,000
At 28th February 2023 715,000

Fair value at 29th February 2024 is represented by:
£   
Valuation in 2020 309,670
Valuation in 2021 25,000
Valuation in 2022 20,000
Valuation in 2023 25,000
Cost 335,330
715,000

If the freehold properties had not been revalued it would have been included at the following historical cost:

29/2/24 28/2/23
£    £   
Cost 335,330 335,330

the freehold properties was valued on open market basis on 28th February 2022 by the director .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade creditors 4,636 1
Amounts owed to group undertakings 37,679 43,791
Other creditors 123,281 127,917
165,596 171,709

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans (see note 7) 273,165 273,144

Preview Investments Limited (Registered number: 02583019)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29/2/24 28/2/23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 273,165 273,144

7. LOANS

An analysis of the maturity of loans is given below:

29/2/24 28/2/23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 273,165 273,144

8. PROVISIONS FOR LIABILITIES
29/2/24 28/2/23
£    £   
Deferred tax 13,300 13,300

Deferred
tax
£   
Balance at 1st March 2023 13,300
Balance at 29th February 2024 13,300

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29/2/24 28/2/23
value: £    £   
100 Ordinary Shares £1 100 100

Preview Investments Limited (Registered number: 02583019)

Notes to the Financial Statements - continued
for the Year Ended 29th February 2024

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st March 2023 (5,312 ) 366,370 361,058
Deficit for the year (10,362 ) (10,362 )
At 29th February 2024 (15,674 ) 366,370 350,696

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs V M Hall.