Natural View Company Ltd 12980245 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is other letting and operating of own or leased real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 12980245 2023-11-01 2024-10-31 12980245 2024-10-31 12980245 core:CurrentFinancialInstruments 2024-10-31 12980245 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 12980245 bus:SmallEntities 2023-11-01 2024-10-31 12980245 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 12980245 bus:AbridgedAccounts 2023-11-01 2024-10-31 12980245 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 12980245 bus:RegisteredOffice 2023-11-01 2024-10-31 12980245 bus:Director1 2023-11-01 2024-10-31 12980245 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12980245 countries:EnglandWales 2023-11-01 2024-10-31 12980245 2022-11-01 2023-10-31 12980245 2023-10-31 12980245 core:CurrentFinancialInstruments 2023-10-31 12980245 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 12980245

Natural View Company Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 October 2024

 

Natural View Company Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Natural View Company Ltd

Company Information

Director

Mr W K Yung

Registered office

1st Floor
44 Worship Street
London
EC2A 2EA

Accountants

Tan Lam Partnership
Chartered Certified Accountants
1st Floor, 44 Worship Street
London
EC2A 2EA

 

Natural View Company Ltd

(Registration number: 12980245)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

481,728

481,728

Current assets

 

Debtors

758

758

Creditors: Amounts falling due within one year

(482,847)

(480,376)

Net current liabilities

 

(482,089)

(479,618)

Total assets less current liabilities

 

(361)

2,110

Accruals and deferred income

 

(2,400)

(1,020)

Net (liabilities)/assets

 

(2,761)

1,090

Capital and reserves

 

Called up share capital

-

10

Other reserves

10

-

Retained earnings

(2,771)

1,080

Shareholders' (deficit)/funds

 

(2,761)

1,090

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 8 May 2025
 

.........................................
Mr W K Yung
Director

 

Natural View Company Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
44 Worship Street
London
EC2A 2EA

These financial statements were authorised for issue by the director on 8 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Natural View Company Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Investment property

Investment properties are properties which are held either to earn rental income or for capital appreciation or for both.

Investment properties are recognised initially at cost.

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

No depreciation is provided in respect of investment propertise applying the fair method model.

Deferred taxation is provided at the rate respected to apply.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).