Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-11-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1falseNo description of principal activitytrue1falsefalse 12952509 2023-11-01 2024-10-31 12952509 2022-11-01 2023-10-31 12952509 2024-10-31 12952509 2023-10-31 12952509 c:Director1 2023-11-01 2024-10-31 12952509 d:FreeholdInvestmentProperty 2023-11-01 2024-10-31 12952509 d:FreeholdInvestmentProperty 2024-10-31 12952509 d:FreeholdInvestmentProperty 2023-10-31 12952509 d:CurrentFinancialInstruments 2024-10-31 12952509 d:CurrentFinancialInstruments 2023-10-31 12952509 d:Non-currentFinancialInstruments 2024-10-31 12952509 d:Non-currentFinancialInstruments 2023-10-31 12952509 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12952509 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12952509 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 12952509 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12952509 d:ShareCapital 2024-10-31 12952509 d:ShareCapital 2023-10-31 12952509 d:RetainedEarningsAccumulatedLosses 2024-10-31 12952509 d:RetainedEarningsAccumulatedLosses 2023-10-31 12952509 c:OrdinaryShareClass1 2023-11-01 2024-10-31 12952509 c:OrdinaryShareClass1 2024-10-31 12952509 c:OrdinaryShareClass1 2023-10-31 12952509 c:FRS102 2023-11-01 2024-10-31 12952509 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12952509 c:FullAccounts 2023-11-01 2024-10-31 12952509 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12952509 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 12952509














FINSBURY VIEW LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

 
FINSBURY VIEW LTD
 

CONTENTS



Page
Statement of Financial Position
 
 
1
Notes to the Financial Statements
 
 
2 - 4


 
FINSBURY VIEW LTD
REGISTERED NUMBER:12952509

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
3,415,017
3,380,638

Current assets
  

Cash at bank and in hand
  
73,571
63

Current liabilities
  

Creditors: amounts falling due within one year
 5 
(155,777)
(78,768)

Net current liabilities
  
 
 
(82,206)
 
 
(78,705)

Total assets less current liabilities
  
3,332,811
3,301,933

Creditors: amounts falling due after more than one year
 6 
(3,332,057)
(3,302,057)

  

Net assets/(liabilities)
  
754
(124)


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
654
(224)

  
754
(124)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 June 2025.

J Saul
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
FINSBURY VIEW LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Finsbury View Ltd is a private limited liability company registered in England and Wales. Its registered office address is at Frank Saul House, Steele Road, London, NW10 7AR.
The principal activity of the Company during the period was development of building projects and buying and selling of real estate.
The functional and presentational currency of the Company is £ sterling.

2.Accounting policies

 
2.1

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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents rent receivable during the year.
Rental income is recognised in the year to which it relates.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.5

Investment property

Investment property is carried at fair value determined annually by the director 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

 
2.6

Debtors

Short term debtors are measured at the transaction price, less any impairment.

Page 2

 
FINSBURY VIEW LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price.

 
2.9

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The director was the only employee of the Company during the current and preceding period. 


4.


Investment property


Freehold investment property

£



Valuation


At 1 November 2023
3,380,638


Additions at cost
34,379



At 31 October 2024
3,415,017

In the opinion of the director, the market value of the investment property remains similar to cost. 






Page 3

 
FINSBURY VIEW LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,041
12,686

Amounts owed to group undertakings
118,691
62,902

Corporation tax
16,885
-

Other creditors
3,180
3,180

Accruals and deferred income
12,980
-

155,777
78,768



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
3,332,057
3,302,057



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


Controlling party

The director regards Cogent Property Developments Ltd, a company registered in England and Wales, as the ultimate parent undertaking. The ultimate controlling party is J Saul.

 
Page 4