REGISTERED NUMBER: 03682907 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

VIEWMASTER LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs R Schwartz

SECRETARY:

N Schwartz

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

03682907 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

424

499

Investment property

6

1,762,674

1,750,000

1,763,098

1,750,499

CURRENT ASSETS

Debtors

7

708,317

843,475

Cash at bank

29,700

40,805

738,017

884,280

CREDITORS

Amounts falling due within one year

8

(131,970

)

(248,751

)

NET CURRENT ASSETS

606,047

635,529

TOTAL ASSETS LESS CURRENT LIABILITIES

2,369,145

2,386,028

CREDITORS

Amounts falling due after more than one year

9

(623,936

)

(655,568

)

NET ASSETS

1,745,209

1,730,460

CAPITAL AND RESERVES

Called up share capital

12

1

1

Revaluation reserve

13

1,217,608

1,217,608

Retained earnings

13

527,600

512,851

SHAREHOLDERS' FUNDS

1,745,209

1,730,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorized for issue by the director and authorised for issue on 26 September 2025 and were signed by:

Mrs R Schwartz - Director

1.	STATUTORY INFORMATION

Viewmaster Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

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

Investment properties are recognised initially at cost.

Subsequent to initial recognition:

a. Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from change in fair value are recognised in profit or loss in the period that they arise; and

b. no depreciation is provided in respect of investment properties applying the fair value model.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

5,200

DEPRECIATION

At 1 January 2024

4,701

Charge for year

75

At 31 December 2024

4,776

NET BOOK VALUE

At 31 December 2024

424

At 31 December 2023

499

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,750,000

Additions

12,674

At 31 December 2024

1,762,674

NET BOOK VALUE

At 31 December 2024

1,762,674

At 31 December 2023

1,750,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2016

1,217,608

Cost

545,066

1,762,674

The director has confirmed that there is no significant increase or decrease in the property market value.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

7,984

4,000

Other debtors

700,333

839,475

708,317

843,475

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

4,069

8,065

Other creditors

127,901

240,686

131,970

248,751

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 10)

623,936

655,568

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

569,746

582,368

Bank loans

24,101

37,553

593,847

619,921

10.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

30,089

35,647

Amounts falling due in more than five years:

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

569,746

582,368

Bank loans

24,101

37,553

593,847

619,921

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

623,936

655,568

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £30,089 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

1

Ordinary

£1

1

1

13.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 January 2024

512,851

1,217,608

1,730,459

Profit for the year

14,749

14,749

At 31 December 2024

527,600

1,217,608

1,745,208

14.	ULTIMATE CONTROLLING PARTY

The controlling party is D Hoffman.