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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
Page
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Visionary Property Group Limited Company Information for the year ended 30 November 2023
Director
Miss B Patel
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
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Visionary Property Group Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
297,476 
297,476 
Current assets
Debtors
265 
310 
Cash at bank and in hand
5,111 
1,070 
5,376 
1,380 
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)
Capital and reserves
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
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Visionary Property Group Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
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:
Land & buildings
0% wdv
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.
Going concern
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.
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Visionary Property Group Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 December 2022
297,476 
At 30 November 2023
297,476 
Depreciation
At 30 November 2023
- 
Net book value
At 30 November 2023
297,476 
At 30 November 2022
297,476 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
265 
310 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
313 
313 
Amounts owed to group undertakings and other participating interests
27,750 
16,350 
Loans from directors
94,183 
92,348 
Accruals
180 
180 
122,426 
109,191 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
204,654 
204,490 
8
Share capital
2023 
2022 
£ 
£ 
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).
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