Limited Liability Partnership registration number OC393679 (England and Wales)
VIEWFIELD DEVELOPMENTS LLP
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
VIEWFIELD DEVELOPMENTS LLP
LIMITED LIABILITY PARTNERSHIP INFORMATION
Designated members
Mr J Townsend
Ms E J Townsend
LLP registration number
OC393679
Registered office
34 Nant Fawr Road
Cardiff
CF23 6JR
Accountants
MMG Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
Scotland
DD1 1RQ
VIEWFIELD DEVELOPMENTS LLP
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
VIEWFIELD DEVELOPMENTS LLP
REPORT TO THE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF VIEWFIELD DEVELOPMENTS LLP
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Viewfield Developments LLP for the year ended 31 March 2025 set out on pages 2 to 5 from the limited liability partnership’s accounting records and from information and explanations you have given us.

As a practising member firm of the I nstitute of Chartered Accountants of Scotland we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the limited liability partnership's members of Viewfield Developments LLP, as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the financial statements of Viewfield Developments LLP and state those matters that we have agreed to state to the limited liability partnership's members of Viewfield Developments LLP, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Viewfield Developments LLP and its members as a body, for our work or for this report.

It is your duty to ensure that Viewfield Developments LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Viewfield Developments LLP. You consider that Viewfield Developments LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Viewfield Developments LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

MMG Chartered Accountants
Chapelshade House
78-84 Bell Street
Dundee
DD1 1RQ
Scotland
31 October 2025
VIEWFIELD DEVELOPMENTS LLP
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
31 March 2025
30 June 2024
Notes
£
£
£
£
Fixed assets
Investment property
3
975,552
975,552
Current assets
Debtors
4
995
650
Cash at bank and in hand
18,253
13,186
19,248
13,836
Creditors: amounts falling due within one year
5
(12,457)
(12,418)
Net current assets
6,791
1,418
Total assets less current liabilities and net assets attributable to members
982,343
976,970
Represented by:
Loans and other debts due to members within one year
Amounts due in respect of profits
982,343
976,970

For the financial year ended 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006 as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small limited liability partnerships.

The members acknowledge their responsibilities for complying with the requirements of the Act as applied to limited liability partnerships with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to limited liability partnerships subject to the small limited liability partnerships regime.

T he members of the limited liability partnership have elected not to include a copy of the profit and loss account within the financial statements.

The financial statements were approved by the members and authorised for issue on 31 October 2025 and are signed on their behalf by:
31 October 2025
Mr J Townsend
Designated member
Limited Liability Partnership registration number OC393679 (England and Wales)
VIEWFIELD DEVELOPMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Limited liability partnership information

Viewfield Developments LLP is a limited liability partnership incorporated in England and Wales. The registered office is 34 Nant Fawr Road, Cardiff, CF23 6JR.

The limited liability partnership's principal activities are disclosed in the Members' Report.

1.1
Reporting period

These financial statements have been prepared for a period of 9 months, from July 2023 to March 2024. This shortened accounting period arises because of a change in the reporting date due to the basis period reform implemented by HMRC.

The comparative amounts presented in these financial statements are therefore not entirely comparable, as they cover a period of 12 months from July 2022 to June 2023. Users of these financial statements should be aware of this when interpreting the results for the current period.

1.2
Basis of preparation

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in December 2021, together with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the limited liability partnership. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognized at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognized in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

VIEWFIELD DEVELOPMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the limited liability partnership transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the limited liability partnership’s obligations expire or are discharged or cancelled.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the limited liability partnership is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.7
Leases

Rental income from operating leases is recognised on a straight line basis 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.

2
Employees

The average number of persons (excluding members) employed by the partnership during the year was:

2025
2024
Number
Number
Total
0
0
VIEWFIELD DEVELOPMENTS LLP
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
975,552
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Prepayments and accrued income
995
650
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other taxation and social security
1,102
1,143
Other creditors
9,695
9,695
Accruals and deferred income
1,660
1,580
12,457
12,418
6
Loans and other debts due to members

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

2025-03-31 2024-04-01 false false 31 October 2025 CCH Software CCH Accounts Production 2025.300 false OC393679 2024-04-01 2025-03-31 OC393679 bus:PartnerLLP1 2024-04-01 2025-03-31 OC393679 bus:PartnerLLP2 2024-04-01 2025-03-31 OC393679 2025-03-31 OC393679 2023-07-01 2024-03-31 OC393679 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC393679 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC393679 bus:FRS102 2024-04-01 2025-03-31 OC393679 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC393679 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares