REGISTERED NUMBER: 04073203 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Longview Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

J S Cockburn

Registered office:

Treberfedd Farm

Treberfedd

Lampeter

Ceredigion

SA48 7NW

Registered number:

04073203 (England and Wales)

Accountants:

Crowthers Chartered Accountants

1 Ripple Court

Brockeridge Park

Tewkesbury

Gloucestershire

GL20 6FG

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

475,944

510,392

Investment property

6

1,385,500

1,645,000

1,861,444

2,155,392

CURRENT ASSETS

Inventories

5,479

4,778

Debtors

7

3,096

3,041

Cash at bank and in hand

188,285

18,637

196,860

26,456

CREDITORS

Amounts falling due within one year

8

1,923,596

1,921,665

NET CURRENT LIABILITIES

(1,726,736

)

(1,895,209

)

TOTAL ASSETS LESS CURRENT LIABILITIES

134,708

260,183

CREDITORS

Amounts falling due after more than one year

9

22,901

26,566

NET ASSETS

111,807

233,617

CAPITAL AND RESERVES

Called up share capital

10

2

2

Non-distributable reserves

11

159,558

242,058

Retained earnings

(47,753

)

(8,443

)

SHAREHOLDERS' FUNDS

111,807

233,617

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 his 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 by the director and authorised for issue on 19 September 2025 and were signed by:

J S Cockburn - Director

1.	STATUTORY INFORMATION

Longview Properties 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements; estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered· to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

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

Land and buildings

-

Straight line over 25 years

Plant and machinery etc

-

25% on reducing balance, 25% on cost and Straight line over 25 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the

current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial

statements of current and previous periods. It is recognised in respect of all timing differences, with certain

exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Basis of preparation for negative balance sheet

The financial statements have been prepared on a going concern basis as the directors intend to support the company. The financial statements do not include any adjustment that would result from the withdrawal of the directors support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

Cost

At 1 January 2024

and 31 December 2024

3,200

Amortisation

At 1 January 2024

and 31 December 2024

3,200

Net book value

At 31 December 2024

-

At 31 December 2023

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

372,864

427,769

800,633

Depreciation

At 1 January 2024

134,241

156,000

290,241

Charge for year

14,915

19,533

34,448

At 31 December 2024

149,156

175,533

324,689

Net book value

At 31 December 2024

223,708

252,236

475,944

At 31 December 2023

238,623

271,769

510,392

6.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 January 2024

1,645,000

Disposals

(259,500

)

At 31 December 2024

1,385,500

Net book value

At 31 December 2024

1,385,500

At 31 December 2023

1,645,000

On 19 December 2024, the investment property 'Blaentir' was partly disposed of. The land retained is valued at £85,500.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2015

482,034

Valuation in 2016

20,024

Valuation in 2021

(230,000

)

Valuation in 2023

(30,000

)

Valuation in 2024

(82,500

)

Cost

1,225,942

1,385,500

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

1,225,942

1,402,942

Investment property was valued on an open market basis on 31 December 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,096

3,041

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,025

3,665

Trade creditors

7,944

5,589

Taxation and social security

3,866

5,242

Other creditors

1,906,761

1,907,169

1,923,596

1,921,665

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

22,901

26,566

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

1

2

2

11.

RESERVES

Non-distributable

reserves

£

At 1 January 2024

242,058

Revaluation

(82,500

)

At 31 December 2024

159,558

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £1,897,935 (2023: £1,897,895) owed to the directors, no interest has been charged on this loan. The loan is repayable on demand and is unsecured.