Company Registration No. 13757265 (England and Wales)
Visionary Property Group Limited
Unaudited accounts
for the year ended 30 November 2023
Visionary Property Group Limited
Unaudited accounts
Contents
Visionary Property Group Limited
Company Information
for the year ended 30 November 2023
Company Number
13757265 (England and Wales)
Registered Office
Suite 80
33 Great George Street
Leeds
LS1 3AJ
United Kingdom
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Visionary Property Group Limited
Statement of financial position
as at 30 November 2023
Tangible assets
297,476
297,476
Cash at bank and in hand
5,111
1,070
Creditors: amounts falling due within one year
(122,426)
(109,191)
Net current liabilities
(117,050)
(107,811)
Total assets less current liabilities
180,426
189,665
Creditors: amounts falling due after more than one year
(204,654)
(204,490)
Net liabilities
(24,228)
(14,825)
Called up share capital
100
100
Profit and loss account
(24,328)
(14,925)
Shareholders' funds
(24,228)
(14,825)
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 her 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 27 August 2024 and were signed on its behalf by
Miss B Patel
Director
Company Registration No. 13757265
Visionary Property Group Limited
Notes to the Accounts
for the year ended 30 November 2023
Visionary Property Group Limited is a private company, limited by shares, registered in England and Wales, registration number 13757265. The registered office is Suite 80 , 33 Great George Street , Leeds, LS1 3AJ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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.
These accounts have been prepared on the going concern basis, on the understanding that the director(s) will continue to financially support the company during this uncertain period.
Visionary Property Group Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
At 1 December 2022
297,476
At 30 November 2023
297,476
At 30 November 2023
297,476
At 30 November 2022
297,476
Amounts falling due within one year
Accrued income and prepayments
265
310
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
27,750
16,350
Loans from directors
94,183
92,348
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
204,654
204,490
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
At 30th November 2023, Visionary Property Group Limited owed £27,750 (2022: £16,350) to Habitat Sales and Lettings Limited.
This amount is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).