Company registration number: 15133506
COMPANY INFORMATION
CONTENTS
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
Page 1
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
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 on 12 September 2025 .
The notes on pages 3 to 4 form part of these financial statements.
Page 2
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
Circle View Limited is a private Company limited by shares incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office and principal place of business is shown on the Company information page.
The company was incorporated on 12 September 2023.
The company was incorporated on 12 September 2023.
2.Accounting policies
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:
As at the 30 September 2024, the company had a net liability position of £211,876. As this is the Company’s first period of trading, an initial loss has been reported. This reflects the early-stage nature of the development and certain exceptional costs that were necessary to secure the continuation of the project.
In accordance with prudent accounting practice, an adjustment has been made to the carrying value of work in progress to reflect those additional costs (see Note 2.4). The Board’s decision to recognise this provision reflects prudent financial management and its focus on safeguarding the long-term value of the project.
Looking ahead, the Company remains well placed to deliver a unique prime landmark residential scheme in Central London. The directors remain confident in the sales prospects for the development and confirm that the Company continues to be a strong going concern.
In accordance with prudent accounting practice, an adjustment has been made to the carrying value of work in progress to reflect those additional costs (see Note 2.4). The Board’s decision to recognise this provision reflects prudent financial management and its focus on safeguarding the long-term value of the project.
Looking ahead, the Company remains well placed to deliver a unique prime landmark residential scheme in Central London. The directors remain confident in the sales prospects for the development and confirm that the Company continues to be a strong going concern.
The directors carefully reviewed the carrying value of work in progress as at 30 September 2024 in light of additional early-stage costs incurred during the period. These arose from the requirement to complete certain preparatory works within statutory deadlines, which meant that elements of the programme had to be accelerated.
The Board recognised that incurring these costs was the only viable option to ensure the guaranteed delivery of the project and safeguard its overall success. While the additional expenditure was therefore necessary and anticipated, it is not expected to generate equivalent recoverable value in its own right and that expenditure during this crucial preparation phase exceeds the net value of those works.
Accordingly, in line with the company's accounting policy, a provision of £190,000 has been recognised against work in progress in the period, reducing the carrying value to £762,756 at the balance sheet date. The directors consider this to be a balanced and appropriate response which protects the long-term success of the development.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
2.Accounting policies (continued)
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in ordinary shares.
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