REGISTERED NUMBER: 06935688 (England and Wales)

Viewpoint Management Ltd

Unaudited Financial Statements

for the period

1st January 2024 to 30th December 2024

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

8

Directors:

P J Allinson

Ms E M Dodd

Registered office:

Unit 4 Tweedside Trading Estate

Tweedmouth

Berwick-Upon-Tweed

TD15 2XF

Registered number:

06935688 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Tangible assets

4

756,513

538,117

Current assets

Stocks

50,000

10,000

Debtors

5

69,750

39,559

Cash at bank

18,238

73,216

137,988

122,775

Creditors

Amounts falling due within one year

6

493,384

306,280

Net current liabilities

(355,396

)

(183,505

)

Total assets less current liabilities

401,117

354,612

Creditors

Amounts falling due after more than one year

7

(154,167

)

(164,167

)

Provisions for liabilities

(38,812

)

(32,354

)

Net assets

208,138

158,091

Capital and reserves

Called up share capital

100

100

Retained earnings

208,038

157,991

208,138

158,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2025 and were signed on its behalf by:

P J Allinson - Director

1.	Statutory information

Viewpoint Management 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.

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.

Turnover

Turnover is valued at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax. It is recognised on the date rent is received.

Tangible fixed assets

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

Freehold property

-

not provided

Improvements to property

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

straight line over 3 years

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

The properties are not being depreciated as the directors feel they will be kept in such a state of repair that their value is unlikely to reduce.

Stocks

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

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans, other loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), other loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the period was 2 (2023 - 3 ) .

4.	Tangible fixed assets

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Cost

At 1st January 2024

400,959

-

196,041

Additions

187,248

34,458

35,605

Disposals

-

-

(20,138

)

At 30th December 2024

588,207

34,458

211,508

Depreciation

At 1st January 2024

4,188

-

75,660

Charge for period

9,105

1,680

20,078

Eliminated on disposal

-

-

(11,200

)

At 30th December 2024

13,293

1,680

84,538

Net book value

At 30th December 2024

574,914

32,778

126,970

At 31st December 2023

396,771

-

120,381

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1st January 2024

40,840

1,316

639,156

Additions

6,800

-

264,111

Disposals

(500

)

-

(20,638

)

At 30th December 2024

47,140

1,316

882,629

Depreciation

At 1st January 2024

20,700

491

101,039

Charge for period

4,975

439

36,277

Eliminated on disposal

-

-

(11,200

)

At 30th December 2024

25,675

930

126,116

Net book value

At 30th December 2024

21,465

386

756,513

At 31st December 2023

20,140

825

538,117

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

41,304

12,531

Other debtors

28,446

27,028

69,750

39,559

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

5,674

1,978

Taxation and social security

-

19,059

Other creditors

477,710

275,243

493,384

306,280

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

4,167

14,167

Other creditors

150,000

150,000

154,167

164,167

8.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

150,000

150,000

R L Spellman holds a fixed and floating charge over Freehold Property at Tweedside Trading Estate.

9.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the period ended 30th December 2024:

2024

2023

£

£

Director 1

Balance outstanding at start of year

-

-

Amounts advanced

56,881

-

Amounts repaid

(40,829

)

-

Balance outstanding at end of year

16,052

-

This loan is unsecured and repayable on demand. Interest is charged by the company at the official rate published by HMRC.

10.	Related party disclosures

McCall Commercial Holdings Ltd paid £33,000 in rent to Viewpoint Management Ltd. The companies are under common control.

At 30th December 2024 a loan of £225,443 (2023: NIL) was outstanding payable by the company to McCall Commercial Holdings Ltd, a company which is controlled by the director Phil Allinson. This loan is unsecured, interest free and is repayable on demand.

At 30th December 2024 a loan of £103,248 (2023: -£16,252) was outstanding payable by the company to McCall Capital Assets Ltd, a company which is controlled by the director Phil Allinson. This loan is unsecured, interest free and is repayable on demand.

At 30th December 2024 a loan of £76,000 (2023: NIL) was outstanding payable by the company to McCall Residential Ltd, a company which is controlled by the director Phil Allinson. This loan is unsecured, interest free and is repayable on demand

11.	Post balance sheet events

On 1st September 2025 a final dividend of £161 per share was declared in respect of the year ended 30th December 2024.