Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-312024-01-01falseBuying/selling of own real estate00falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14588321 2024-01-01 2024-12-31 14588321 2023-01-01 2023-12-31 14588321 2024-12-31 14588321 2023-12-31 14588321 c:Director1 2024-01-01 2024-12-31 14588321 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 14588321 d:FreeholdInvestmentProperty 2024-12-31 14588321 d:FreeholdInvestmentProperty 2023-12-31 14588321 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 14588321 d:CurrentFinancialInstruments 2024-12-31 14588321 d:CurrentFinancialInstruments 2023-12-31 14588321 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 14588321 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14588321 d:ShareCapital 2024-12-31 14588321 d:ShareCapital 2023-12-31 14588321 d:RetainedEarningsAccumulatedLosses 2024-12-31 14588321 d:RetainedEarningsAccumulatedLosses 2023-12-31 14588321 d:OtherDeferredTax 2024-12-31 14588321 d:OtherDeferredTax 2023-12-31 14588321 c:FRS102 2024-01-01 2024-12-31 14588321 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14588321 c:FullAccounts 2024-01-01 2024-12-31 14588321 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14588321 2 2024-01-01 2024-12-31 14588321 6 2024-01-01 2024-12-31 14588321 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 14588321









FALLVIEW LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FALLVIEW LIMITED
REGISTERED NUMBER: 14588321

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
10,534,007

Investment property
 5 
35,442,698
8,123,818

  
35,442,698
18,657,825

Current assets
  

Debtors: amounts falling due within one year
 6 
67,663
-

Cash at bank and in hand
 7 
484,595
240,579

  
552,258
240,579

Creditors: amounts falling due within one year
 8 
(35,256,154)
(18,863,360)

Net current liabilities
  
 
 
(34,703,896)
 
 
(18,622,781)

Total assets less current liabilities
  
738,802
35,044

Provisions for liabilities
  

Deferred tax
  
(718,750)
-

  
 
 
(718,750)
 
 
-

Net assets
  
20,052
35,044


Capital and reserves
  

Called up share capital 
  
90
90

Profit and loss account
  
19,962
34,954

  
20,052
35,044


Page 1

 
FALLVIEW LIMITED
REGISTERED NUMBER: 14588321
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 by: 




................................................
Nicholas James Fallows
Director

Date: 1 July 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FALLVIEW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Fallview Limited ('the Company') is a private company, limited by shares, domiciled and incorporated in England and Wales (registered number: 14588321). The registered office address is 26 St James’s Square, London, SW1Y 4JH.
The Company's principal activity is to acquire, develop and hold investment property with a view to generating long-term rental and capital appreciation.
The Company's functional and presentational currency is GBP.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Rental income from operating leases is recognised on a straight-line basis in profit or loss over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Page 3

 
FALLVIEW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Investment property

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.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

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.

Page 4

 
FALLVIEW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Fixed asset investments





Investments in subsidiary companies

£





At 1 January 2024
10,534,007


Disposals
(10,534,007)



At 31 December 2024
-




The Company acquired 100% of the shares in an SPV, Legerwood Limited. During the prior year, the property owned by Legerwood Limited was transferred to the Company and Legerwood was liquidated. 

Page 5

 
FALLVIEW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
8,123,818


Additions at cost
24,443,880


Surplus on revaluation
2,875,000



At 31 December 2024
35,442,698

The valuation of investment property at 31 December 2024 was carried out by the directors using available market information. At 31 December 2024 the Company held 4 (2023: 1) investment properties. 







6.


Debtors

2024
2023
£
£


Other debtors
24,967
-

Prepayments and accrued income
42,696
-

67,663
-



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
484,595
240,579


Page 6

 
FALLVIEW LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
5,940

Amounts owed to group undertakings
34,979,910
8,033,069

Amounts owed to other participating interests
-
10,769,809

Corporation tax
189,015
4,700

Other creditors
-
30,507

Accruals and deferred income
87,229
19,335

35,256,154
18,863,360


Amounts owed to group undertakings comprise three shareholder loan balances of £34,979,910 (2023: £149,910). The three loans are interest free and repayable on demand. 
Amounts owed to group undertakings comprise of an amount due to Legerwood Limited, a subsidiary company. The loan was created on the purchase of the company's investment property for £8,100,000 and at 31 December 2024 the balance due was £Nil (2023: £7,883,159). During the year the loan was written off. 
Amounts owed to other participating interests comprise of an amount due to an entity in the same group for the purchase of 100% shares in Legerwood Limited. During the year the loan was fully repaid. 


9.


Deferred taxation




2024


£






At beginning of year
-


Charged to profit or loss
(718,750)



At end of year
(718,750)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Revaluation of investment property
(718,750)
-


10.


Controlling party

The directors do not consider there to be an ultimate controlling party.

Page 7