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Company Registration No. 07454674 (England and Wales)







VISION STORE LTD.

UNAUDITED
FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2023




































Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE

 
VISION STORE LTD.
REGISTERED NUMBER:07454674

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 3 
280,710
280,710

  
280,710
280,710

Current assets
  

Debtors: amounts falling due within one year
 4 
2,717
2,263

Current asset investments
 5 
154,000
154,000

Cash at bank and in hand
  
12,109
17,550

  
168,826
173,813

Creditors: amounts falling due within one year
 6 
(4,242)
(5,254)

Net current assets
  
 
 
164,584
 
 
168,559

Total assets less current liabilities
  
445,294
449,269

Creditors: amounts falling due after more than one year
 7 
(126,346)
(128,638)

  

Net assets
  
318,948
320,631


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
318,848
320,531

  
318,948
320,631


Page 1

 
VISION STORE LTD.
REGISTERED NUMBER:07454674
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 August 2024.



Gavin Fraher
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
VISION STORE LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Vision Store Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 Chamberlayne Road, Kensal Rise, London, NW10 3JE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been drawn up on the basis that the company is a going conern. The validity of the going concern basis of accounting depends on the continuing support of the director, in meeting the company's working capital requirements. The director confirms that it is not his intention to withdraw support for the company in the forseeable future and that he will not seek repayment of his loan to the company until the company's cashflow permits repayment to be made without jeopardising the company's position.

 
2.3

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Profit and Loss Account.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 
VISION STORE LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Investment property


Freehold investment property

£



Valuation


At 1 December 2022
280,710



At 30 November 2023
280,710







4.


Debtors

2023
2022
£
£


Trade debtors
2,017
1,563

Prepayments
700
700

2,717
2,263



5.


Current asset investments

2023
2022
£
£

Investments
154,000
154,000

154,000
154,000



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,962
1,654

Accruals
2,280
3,600

4,242
5,254


Page 4

 
VISION STORE LTD.
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Directors' loan account
126,346
128,638

126,346
128,638



8.


Profit and loss reserves

2023
2022
£
£



At the beginning of the year
320,531
318,129

Dividends paid in the year
(2,000)
(2,000)

Profit / (loss) for the year
317
4,402

318,848
320,531


9.


Post balance sheet events

There were no events after the year end which materially affected the company.


10.


Controlling party

Gavin Fraher owns 100% of the issued share capital of the company and is therefore the ultimate controller of the company.

 
Page 5