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01/09/2023
31/08/2024
2024-08-31
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No description of principal activities is disclosed
2023-09-01
Sage Accounts Production 23.0 - FRS102_2023
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xbrli:shares
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10900218
2023-09-01
2024-08-31
10900218
2024-08-31
10900218
2023-08-31
10900218
2022-09-01
2023-08-31
10900218
2023-08-31
10900218
2022-08-31
10900218
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2023-09-01
2024-08-31
10900218
bus:LeadAgentIfApplicable
2023-09-01
2024-08-31
10900218
bus:Director1
2023-09-01
2024-08-31
10900218
bus:Director2
2023-09-01
2024-08-31
10900218
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2024-08-31
10900218
core:WithinOneYear
2023-08-31
10900218
core:AfterOneYear
2024-08-31
10900218
core:AfterOneYear
2023-08-31
10900218
core:RetainedEarningsAccumulatedLosses
2022-09-01
2023-08-31
10900218
core:RetainedEarningsAccumulatedLosses
2023-09-01
2024-08-31
10900218
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2024-08-31
10900218
core:ShareCapital
2023-08-31
10900218
core:RetainedEarningsAccumulatedLosses
2024-08-31
10900218
core:RetainedEarningsAccumulatedLosses
2023-08-31
10900218
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2022-08-31
10900218
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2022-08-31
10900218
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2024-08-31
10900218
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core:Non-currentFinancialInstruments
2024-08-31
10900218
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core:Non-currentFinancialInstruments
2024-08-31
10900218
core:Non-currentFinancialInstruments
2024-08-31
10900218
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2023-09-01
2024-08-31
10900218
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2023-09-01
2024-08-31
10900218
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2023-09-01
2024-08-31
10900218
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2024-08-31
10900218
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2023-09-01
2024-08-31
Company registration number:
10900218
View Property Developments Limited
Unaudited filleted financial statements
31 August 2024
View Property Developments Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
View Property Developments Limited
Directors and other information
|
|
|
|
Directors |
Syed Naveed Hussain |
|
|
Syed Junaed Hussain |
|
|
|
|
|
|
|
Company number |
10900218 |
|
|
|
|
|
|
|
Registered office |
Unit 7 |
|
|
16-18 Pampisford Road |
|
|
Purley |
|
|
Surrey |
|
|
CR8 2NE |
|
|
|
|
|
|
|
Business address |
Unit 7 |
|
|
16-18 Pampisford Road |
|
|
Purley |
|
|
Surrey |
|
|
CR8 2NE |
|
|
|
|
|
|
|
Accountants |
P R Shah & Co |
|
|
10 Bouverie Gardens |
|
|
Harrow |
|
|
Middlesex |
|
|
HA3 0RQ |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers |
HSBC |
|
|
139A North End |
|
|
Croydon |
|
|
Surrey |
|
|
CR0 1TN |
|
|
|
View Property Developments Limited
Statement of financial position
31 August 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Investments |
|
4 |
2 |
|
|
|
- |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
2 |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Debtors |
|
5 |
120 |
|
|
|
90 |
|
|
|
Cash at bank and in hand |
|
|
155 |
|
|
|
998 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
275 |
|
|
|
1,088 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
6 |
(
21,340) |
|
|
|
(
17,935) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current liabilities |
|
|
|
|
(
21,065) |
|
|
|
(
16,847) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
(
21,063) |
|
|
|
(
16,847) |
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
after more than one year |
|
7 |
|
|
(
16,594) |
|
|
|
(
18,259) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net liabilities |
|
|
|
|
(
37,657) |
|
|
|
(
35,106) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
10 |
|
|
|
10 |
|
Profit and loss account |
|
|
|
|
(
37,667) |
|
|
|
(
35,116) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders deficit |
|
|
|
|
(
37,657) |
|
|
|
(
35,106) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 August 2025
, and are signed on behalf of the board by:
Syed Naveed Hussain
Director
Company registration number:
10900218
View Property Developments Limited
Statement of changes in equity
Year ended 31 August 2024
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 September 2022 |
|
10 |
|
(
32,167) |
(
32,157) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
(
2,949) |
(
2,949) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
2,949) |
(
2,949) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
At 31 August 2023 and 1 September 2023 |
|
10 |
|
(
35,116) |
(
35,106) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
(
2,551) |
(
2,551) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
2,551) |
(
2,551) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
At 31 August 2024 |
|
10 |
|
(
37,667) |
(
37,657) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
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View Property Developments Limited
Notes to the financial statements
Year ended 31 August 2024
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 7, 16-18 Pampisford Road, Purley, Surrey, CR8 2NE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
|
|
Shares in group undertakings and participating interests |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 September 2023 |
- |
- |
|
|
|
|
|
Additions |
2 |
2 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 August 2024 |
2 |
2 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Impairment |
|
|
|
|
|
|
|
At 1 September 2023 and 31 August 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 August 2024 |
2 |
2 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 August 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
5.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
90 |
90 |
|
Other debtors |
|
30 |
- |
|
|
|
_______ |
_______ |
|
|
|
120 |
90 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
10,000 |
10,000 |
|
Trade creditors |
|
3,437 |
3,421 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
1,989 |
- |
|
Other creditors |
|
5,914 |
4,514 |
|
|
|
_______ |
_______ |
|
|
|
21,340 |
17,935 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
16,594 |
18,259 |
|
|
|
_______ |
_______ |
|
|
|
|
|
The Company acquired the Bounce Back Loan on 17 May 2020 for a term of six years repayable after 12 months from commencement in equal monthly instalments. The interest rate charged will be 2.5% per annum commencing from the first anniversary of the loan. Th interest for the first year will be paid by the UK Government to the lending bank. In addition the loan is guaranteed by the UK Government under the Bounce Back Loan Scheme.