Viewforth Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC256717

Viewforth Investments Limited

Filleted Unaudited Financial Statements

31 March 2025

Viewforth Investments Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	690,928	658,057
Investments	6	418,308	427,288
		------------	------------
		1,109,236	1,085,345

Current assets

Debtors	7	383	183
Cash at bank and in hand		41,595	32,580
		--------	--------
		41,978	32,763

Creditors: amounts falling due within one year	8	4,987	6,796
		--------	--------
Net current assets		36,991	25,967
		------------	------------
Total assets less current liabilities		1,146,227	1,111,312

Provisions	2,697	9,895
	------------	------------
Net assets	1,143,530	1,101,417
	------------	------------

Capital and reserves

Called up share capital	55,863	55,863
Share premium account	334,811	334,811
Capital redemption reserve	252,760	252,760
Profit and loss account	500,096	457,983
	------------	------------
Shareholders funds	1,143,530	1,101,417
	------------	------------

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 income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Viewforth Investments Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 4 December 2025 , and are signed on behalf of the board by:

Ms J E L Denny
Director

Company registration number: SC256717

Viewforth Investments Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Hope Street, Lanark, ML11 7NL, Scotland.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Revenue recognition

Turnover represents property revenue.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	15% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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. 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. 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. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Plant and machinery	Investment property	Total
	£	£	£
Cost or valuation
At 1 April 2024	599	657,894	658,493
Revaluations	–	32,895	32,895
	----	---------	---------
At 31 March 2025	599	690,789	691,388
	----	---------	---------
Depreciation
At 1 April 2024	436	–	436
Charge for the year	24	–	24
	----	---------	---------
At 31 March 2025	460	–	460
	----	---------	---------
Carrying amount
At 31 March 2025	139	690,789	690,928
	----	---------	---------
At 31 March 2024	163	657,894	658,057
	----	---------	---------

Investment property fair value at 31 March 2025 is represented by;


		£
	Valuation in 2017	(52,683)
	Valuation in 2025	32,895
	Cost	710,577
		---------
		690,789
		---------

Investment property was revalued on 14 August 2025 by the director. The director considers that this represents a current fair valuation of the properties.

6. Investments

	Listed investments
	£
Cost or valuation
At 1 April 2024	427,288
Revaluations	( 8,980)
	---------
At 31 March 2025	418,308
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	418,308
	---------
At 31 March 2024	427,288
	---------

Cost or valuation at 31 March 2025 is represented by:

			Listed investments
			£
	Valuation in 2018		64,614
	Valuation in 2019		1,257
	Valuation in 2020		(67,927)
	Valuation in 2021		100,122
	Valuation in 2022		49,214
	Valuation in 2023		(35,805)
	Valuation in 2024		(11,671)
	Valuation in 2025		(8,979)
	Cost		327,483
			---------
			418,308
			---------

7. Debtors

	2025	2024
	£	£
Other debtors	383	183
	----	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	487	487
Other creditors	4,500	6,309
	-------	-------
	4,987	6,796
	-------	-------