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REGISTERED NUMBER: 09973362 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

Long View Ventures Limited

Long View Ventures Limited (Registered number: 09973362)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Long View Ventures Limited

COMPANY INFORMATION
for the year ended 31 May 2024







Director: P Lawrence





Secretaries: Miss E J Lawrence
Miss R A Lawrence





Registered office: Abacus House
129 North Hill
Plymouth
Devon
PL4 8JY





Business address: 138 Luctons Close
Loughton
Essex
IG10 3QN





Registered number: 09973362 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

Long View Ventures Limited (Registered number: 09973362)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 672 895

Current assets
Debtors 5 1,773 1,900
Cash at bank 481 367
2,254 2,267
Creditors
Amounts falling due within one year 6 20,936 25,163
Net current liabilities (18,682 ) (22,896 )
Total assets less current liabilities (18,010 ) (22,001 )

Creditors
Amounts falling due after more than
one year

7

6,080

6,931
Net liabilities (24,090 ) (28,932 )

Capital and reserves
Called up share capital 8 110 110
Retained earnings (24,200 ) (29,042 )
Shareholders' funds (24,090 ) (28,932 )

Long View Ventures Limited (Registered number: 09973362)

BALANCE SHEET - continued
31 May 2024


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 & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





P Lawrence - Director


Long View Ventures Limited (Registered number: 09973362)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Long View Ventures Limited is a private company, limited by shares, registered in England & Wales. The company's registered number, principal place of business 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.

Going concern
The financial statements have been prepared on the going concern basis. This basis assumes that the company will have sufficient funding to enable it to continue to operate for the foreseeable future with the support of the director, who believes that the going concern basis of preparation remains appropriate in the company's circumstances

Turnover
Turnover represents amounts invoiced in respect of services and recharged expenses, net of value added tax. Turnover is recognised according to the stage of completion of the contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Long View Ventures Limited (Registered number: 09973362)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 June 2023
and 31 May 2024 2,871
Depreciation
At 1 June 2023 1,976
Charge for year 223
At 31 May 2024 2,199
Net book value
At 31 May 2024 672
At 31 May 2023 895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,773 1,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,200 3,200
Other creditors 17,736 21,963
20,936 25,163

Long View Ventures Limited (Registered number: 09973362)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 6,080 6,931

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
10 Ordinary A £1 10 10
110 110

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
P Lawrence
Balance outstanding at start of year (21,263 ) (18,955 )
Amounts advanced 6,618 6,944
Amounts repaid (2,961 ) (9,252 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,606 ) (21,263 )

10. ULTIMATE CONTROLLING PARTY

The controlling party is P Lawrence.