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REGISTERED NUMBER: 07058916 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

VISION PLYMOUTH LIMITED

VISION PLYMOUTH LIMITED (REGISTERED NUMBER: 07058916)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VISION PLYMOUTH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Prof N E Habib
Ms E M Mangina





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 07058916 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

VISION PLYMOUTH LIMITED (REGISTERED NUMBER: 07058916)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,615 62,320
Investment property 5 673,296 141,507
723,911 203,827

CURRENT ASSETS
Debtors 6 5,000 4,309
Cash at bank and in hand 1,327,594 1,700,870
1,332,594 1,705,179
CREDITORS
Amounts falling due within one year 7 105,719 115,864
NET CURRENT ASSETS 1,226,875 1,589,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,950,786

1,793,142

CREDITORS
Amounts falling due after more than one
year

8

2,386

16,700
NET ASSETS 1,948,400 1,776,442

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,948,300 1,776,342
SHAREHOLDERS' FUNDS 1,948,400 1,776,442

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

VISION PLYMOUTH LIMITED (REGISTERED NUMBER: 07058916)

BALANCE SHEET - continued
31 OCTOBER 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 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 29 July 2024 and were signed on its behalf by:





Prof N E Habib - Director


VISION PLYMOUTH LIMITED (REGISTERED NUMBER: 07058916)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Vision Plymouth 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% 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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 3 ) .

VISION PLYMOUTH LIMITED (REGISTERED NUMBER: 07058916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 21,003 77,255 6,519 104,777
Additions - - 1,283 1,283
At 31 October 2023 21,003 77,255 7,802 106,060
DEPRECIATION
At 1 November 2022 12,186 27,812 2,459 42,457
Charge for year 1,763 9,889 1,336 12,988
At 31 October 2023 13,949 37,701 3,795 55,445
NET BOOK VALUE
At 31 October 2023 7,054 39,554 4,007 50,615
At 31 October 2022 8,817 49,443 4,060 62,320

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 77,255
DEPRECIATION
At 1 November 2022 27,812
Charge for year 9,889
At 31 October 2023 37,701
NET BOOK VALUE
At 31 October 2023 39,554
At 31 October 2022 49,443

VISION PLYMOUTH LIMITED (REGISTERED NUMBER: 07058916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 141,507
Additions 531,789
At 31 October 2023 673,296
NET BOOK VALUE
At 31 October 2023 673,296
At 31 October 2022 141,507

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 5,000 4,036
Prepayments - 273
5,000 4,309

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 14,314 14,314
Trade creditors 253 -
Tax 87,552 97,917
Pension control account - 33
Accrued expenses 3,600 3,600
105,719 115,864

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 2,386 16,700

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary Share 1 100 100