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Company Registration No. 07832504 (England and Wales)
VISION PROPERTY CONSULTANTS LTD Unaudited accounts for the year ended 30 November 2023
VISION PROPERTY CONSULTANTS LTD Unaudited accounts Contents
Page
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VISION PROPERTY CONSULTANTS LTD Company Information for the year ended 30 November 2023
Director
Mr C Alapati
Company Number
07832504 (England and Wales)
Registered Office
51 CORNWALL ROAD CHEAM SUTTON SM2 6DU
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VISION PROPERTY CONSULTANTS LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
1,975,000 
1,975,000 
Current assets
Debtors
9,000 
9,000 
Cash at bank and in hand
48 
294 
9,048 
9,294 
Creditors: amounts falling due within one year
(725)
(500)
Net current assets
8,323 
8,794 
Total assets less current liabilities
1,983,323 
1,983,794 
Creditors: amounts falling due after more than one year
(1,336,751)
(1,337,756)
Provisions for liabilities
Deferred tax
(123,250)
(123,250)
Net assets
523,322 
522,788 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
523,320 
522,786 
Shareholders' funds
523,322 
522,788 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2024 and were signed on its behalf by
Mr C Alapati Director Company Registration No. 07832504
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VISION PROPERTY CONSULTANTS LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
VISION PROPERTY CONSULTANTS LTD is a private company, limited by shares, registered in England and Wales, registration number 07832504. The registered office is 51 CORNWALL ROAD, CHEAM, SUTTON, SM2 6DU .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 December 2022
1,975,000 
At 30 November 2023
1,975,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
9,000 
9,000 
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VISION PROPERTY CONSULTANTS LTD Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
125 
- 
Accruals
600 
500 
725 
500 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
969,885 
969,885 
Loans from directors
366,866 
367,871 
1,336,751 
1,337,756 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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