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REGISTERED NUMBER: 07046374 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Visutophel Limited

Visutophel Limited (Registered number: 07046374)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Visutophel Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr G Cicirello





REGISTERED OFFICE: 4 Newbridge Road
Bath
BA1 3JX





REGISTERED NUMBER: 07046374 (England and Wales)





ACCOUNTANTS: Moore
Chartered Accountants
30 Gay Street
Bath
BA1 2PA

Visutophel Limited (Registered number: 07046374)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,146,580 1,146,580

CURRENT ASSETS
Debtors 5 201 145
Cash at bank 10,031 5,659
10,232 5,804
CREDITORS
Amounts falling due within one year 6 158,822 124,036
NET CURRENT LIABILITIES (148,590 ) (118,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

997,990

1,028,348

CREDITORS
Amounts falling due after more than
one year

7

-

120,000
NET ASSETS 997,990 908,348

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 997,989 908,347
SHAREHOLDERS' FUNDS 997,990 908,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Visutophel Limited (Registered number: 07046374)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





Mr G Cicirello - Director


Visutophel Limited (Registered number: 07046374)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Visutophel 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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,146,580
NET BOOK VALUE
At 31 March 2024 1,146,580
At 31 March 2023 1,146,580

The investment properties were valued at the year end by the directors on a fair value basis. The directors believe based on professional advice that if the properties were to be sold at their balance sheet amount, no liability to corporation tax on any capital gain would arise.

Visutophel Limited (Registered number: 07046374)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 201 145

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 11,342 -
Taxation and social security 29,880 21,522
Other creditors 117,600 102,514
158,822 124,036

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors - 120,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary shares £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 April 2023 908,347
Profit for the year 89,642
At 31 March 2024 997,989

Visutophel Limited (Registered number: 07046374)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RELATED PARTY DISCLOSURES

Mr G Cicirello is a director and majority shareholder in Prodigio Limited.

Included in other creditors is £13 (2023: £13), owed to Mr G Cicirello. This loan is unsecured, interest free and repayable on demand.

Also included in other creditors is £110,000 (2023: £220,000) owed to Prodigio Limited. Interest is charged at 1% above the Bank of England base rate and is due annually.

During the year interest of £9,312 (2022: £8,455) was charged on the loan.