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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
Finsbury View Ltd is a private limited liability company registered in England and Wales. Its registered office address is at Frank Saul House, Steele Road, London, NW10 7AR.
The principal activities of the Company are property development and investment.
The functional and presentational currency of the Company is £ sterling.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
The company had net current liabilities of £82,699 at the Statement of Financial Position date (2024 - £82,207). This position is financed by a loan of £139,621 (2024 - £118,691) from the parent company, included in creditors falling due within one year and a loan of £3,332,056 (2024 - £3,332,056) from a company controlled by close family members of the director, included in creditors falling due after more than one year. Both lenders have confirmed they will not seek repayment of their respective loans for at least twelve months from the date of approval of these financial statements, and will continue to support the company as needed. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.
Turnover represents rent receivable during the year.
Rental income is recognised in the period to which it relates.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
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