Viewpoint Estates Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06811391 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

VIEWPOINT ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr T Tsirtsipis

Mr D A Liveras

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

06811391 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certifed Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

1,795,508

1,373,177

CURRENT ASSETS

Debtors

5

77,026

92,087

Cash at bank and in hand

27,127

6,801

104,153

98,888

CREDITORS

Amounts falling due within one year

6

1,354,164

977,517

NET CURRENT LIABILITIES

(1,250,011

)

(878,629

)

TOTAL ASSETS LESS CURRENT LIABILITIES

545,497

494,548

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

544,497

493,548

SHAREHOLDERS' FUNDS

545,497

494,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 20 December 2022 and were signed on its behalf by:

Mr T Tsirtsipis - Director

1.	STATUTORY INFORMATION

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

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

-

not provided

Plant and machinery etc

-

15% on reducing balance, 10% on reducing balance and not provided

Taxation

Taxation for the year 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

Plant and

and

property

property

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 April 2021

13,325

1,312,861

105,653

11,907

1,443,746

Additions

-

427,266

-

-

427,266

At 31 March 2022

13,325

1,740,127

105,653

11,907

1,871,012

DEPRECIATION

At 1 April 2021

-

-

63,363

7,206

70,569

Charge for year

-

-

4,230

705

4,935

At 31 March 2022

-

-

67,593

7,911

75,504

NET BOOK VALUE

At 31 March 2022

13,325

1,740,127

38,060

3,996

1,795,508

At 31 March 2021

13,325

1,312,861

42,290

4,701

1,373,177

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

77,026

92,087

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

1,127,088

792,239

Tenants deposits

10,305

7,380

Tax

51,463

8,946

VAT

12,327

9,622

Other creditors

237,903

192,500

Related company

(106,922

)

(50,170

)

Accrued expenses

22,000

17,000

1,354,164

977,517

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

£

1,000

Ordinary

1

1,000

1,000