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REGISTERED NUMBER: 02128005 (England and Wales)














Financial Statements

for the Year Ended 31 July 2023

for

Facevisual Ltd

Facevisual Ltd (Registered number: 02128005)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Facevisual Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J V Marland



REGISTERED OFFICE: Oriel House
2- 8 Oriel Road
Bootle
Merseyside
L20 7EP



REGISTERED NUMBER: 02128005 (England and Wales)



ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP



BANKERS: Barclays Bank plc
337-339 Stanley Road
Bootle
Merseyside
L20 3EB

Facevisual Ltd (Registered number: 02128005)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231 307
Investment property 5 693,268 575,053
693,499 575,360

CURRENT ASSETS
Debtors 6 - 33,464
Cash at bank and in hand 2,726 114,463
2,726 147,927
CREDITORS
Amounts falling due within one year 7 5,475 16,042
NET CURRENT (LIABILITIES)/ASSETS (2,749 ) 131,885
TOTAL ASSETS LESS CURRENT LIABILITIES 690,750 707,245

CREDITORS
Amounts falling due after more than one year 8 13,991 19,434
NET ASSETS 676,759 687,811

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 72,838 72,838
Retained earnings 603,821 614,873
SHAREHOLDERS' FUNDS 676,759 687,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Facevisual Ltd (Registered number: 02128005)

Balance Sheet - continued
31 July 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:





J V Marland - Director


Facevisual Ltd (Registered number: 02128005)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

Facevisual 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 as modified by the revaluation of certain assets.

Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:

Plant and machinery- 25% on reducing balance
Motor vehicles- 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Facevisual Ltd (Registered number: 02128005)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 191 750 941
DEPRECIATION
At 1 August 2022 180 454 634
Charge for year 2 74 76
At 31 July 2023 182 528 710
NET BOOK VALUE
At 31 July 2023 9 222 231
At 31 July 2022 11 296 307

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 575,053
Additions 118,215
At 31 July 2023 693,268
NET BOOK VALUE
At 31 July 2023 693,268
At 31 July 2022 575,053

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2018 32,483
Valuation in 2019 40,355
Cost 620,430
693,268

If investment properties had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 596,233 502,215

Investment properties were valued on an open market basis on 31 July 2023 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors - 33,464

Facevisual Ltd (Registered number: 02128005)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 3,183 13,953
Other creditors 2,292 2,089
5,475 16,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 13,991 19,434

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 72,838