Registered number
01578846
FINEVIEW DEVELOPMENTS LTD
Filleted Accounts
31 July 2024
FINEVIEW DEVELOPMENTS LTD
Registered number: 01578846
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 411,040 411,040
Current assets
Cash at bank and in hand 16,032 15,352
Creditors: amounts falling due within one year 4 (91,513) (91,179)
Net current liabilities (75,481) (75,827)
Net assets 335,559 335,213
Capital and reserves
Called up share capital 100 100
Revaluation reserve 5 265,653 265,653
Profit and loss account 69,806 69,460
Shareholders' funds 335,559 335,213
The directors are 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 directors acknowledge their 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.
K Green
Director
Approved by the board on 29 April 2025
FINEVIEW DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 July 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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax 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 difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 411,040
At 31 July 2024 411,040
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 411,040
At 31 July 2023 411,040
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 35,107 35,107
Taxation and social security costs 82 114
Other creditors 56,324 55,958
91,513 91,179
5 Revaluation reserve 2024 2023
£ £
At 1 August 2023 265,653 265,653
At 31 July 2024 265,653 265,653
6 Other information
FINEVIEW DEVELOPMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
651a Mauldeth Road West
Chorlton
Manchester
M21 7SA
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