EATVIEW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
Eatview Limited (the 'Company') is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 15508192). The registered office address is 26 St James’s Square, London SW1Y 4JH.
The Company was incorporated on 20 February 2024, these financial statements present the results for the 10 month period ended 31 December 2024.
The Company's principal activity is to acquire, develop and hold investment property with a view to generating long-term rental and capital appreciation.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The Company's functional and presentational currency is GBP.
The following principal accounting policies have been applied:
Revenue is comprised of rental income that relates to operating leases.
Rental income from operating leases and rent free incentives are recognised on a straight-line basis over the term of the relevant lease.
Interest income is recognised in profit or loss using the effective interest method.
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
|