Registered number
11913837
View Zone Property Limited
Filleted Accounts
31 March 2024
View Zone Property Limited
Registered number: 11913837
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 410,654 410,654
Current assets
Debtors 4 843 841
Cash at bank and in hand 1,533 2,727
2,376 3,568
Creditors: amounts falling due within one year 5 (128,188) (130,981)
Net current liabilities (125,812) (127,413)
Total assets less current liabilities 284,842 283,241
Creditors: amounts falling due after more than one year 6 (283,250) (283,250)
Net assets/(liabilities) 1,592 (9)
Capital and reserves
Called up share capital 101 101
Profit and loss account 1,491 (110)
Shareholders' funds 1,592 (9)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Akintunde Adeleke Dada
Director
Approved by the board on 3 December 2024
View Zone Property Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 April 2023 410,654
At 31 March 2024 410,654
4 Debtors 2024 2023
£ £
Other debtors 843 841
5 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 31,785 31,785
Taxation and social security costs 350 -
Other creditors 96,053 99,196
128,188 130,981
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 283,250 283,250
7 Other information
View Zone Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Braemore Court
Cockfosters Road
Cockfosters
Barnet
EN4 0AE
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