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REGISTERED NUMBER: 03909462 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Eleutheria + Vision Ltd.

Eleutheria + Vision Ltd. (Registered number: 03909462)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Eleutheria + Vision Ltd.

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K Myers
Ms V Kemp





SECRETARY: K Myers





REGISTERED OFFICE: 6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD





REGISTERED NUMBER: 03909462 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

Eleutheria + Vision Ltd. (Registered number: 03909462)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,603 445,365
Investment property 5 1,067,000 373,000
1,075,603 818,365

CURRENT ASSETS
Debtors 6 5,497 4,732
Cash at bank 31 13
5,528 4,745
CREDITORS
Amounts falling due within one year 7 103,225 85,779
NET CURRENT LIABILITIES (97,697 ) (81,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

977,906

737,331

CREDITORS
Amounts falling due after more than
one year

8

(220,461

)

(220,470

)

PROVISIONS FOR LIABILITIES (76,982 ) (16,768 )
NET ASSETS 680,463 500,093

Eleutheria + Vision Ltd. (Registered number: 03909462)

Balance Sheet - continued
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 101 101
Non distributable reserve 11 347,379 155,918
Retained earnings 11 332,983 344,074
SHAREHOLDERS' FUNDS 680,463 500,093

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





K Myers - Director


Eleutheria + Vision Ltd. (Registered number: 03909462)

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

1. STATUTORY INFORMATION

Eleutheria + Vision Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the depreciated replacement cost of each asset evenly over its expected useful life as follows:

- Fixtures and fittings - 25% reducing balance

Provision for the depreciation of freehold land and buildings in accordance with the Companies Act 2006 and with Financial Reporting Standard 102 is not considered to be necessary due to high residual values and the company's policy to maintain its land and property in good condition, therefore prolonging the useful life of the property. Any depreciation charge arising would be immaterial. In addition an annual impairment review is carried out by the director to support the validity of applying such an accounting policy.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Eleutheria + Vision Ltd. (Registered number: 03909462)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Creditors
Short term creditors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Eleutheria + Vision Ltd. (Registered number: 03909462)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 February 2023 436,564 17,384 453,948
Additions - 2,470 2,470
Transfer investment property (436,564 ) - (436,564 )
At 31 January 2024 - 19,854 19,854
DEPRECIATION
At 1 February 2023 - 8,583 8,583
Charge for year - 2,668 2,668
At 31 January 2024 - 11,251 11,251
NET BOOK VALUE
At 31 January 2024 - 8,603 8,603
At 31 January 2023 436,564 8,801 445,365

5. INVESTMENT PROPERTY

Investment property held for letting under operating leases had an open market value of £1,067,000
(2023: £373,000).

The investment properties were valued by the director on 31 January 2024 (and 2023) using an open market basis.

The comparable historic cost of the investment property at 31 January 2024 is £630,394 (2023: £193,830).

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 1,067,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Prepayments 5,497 4,732

Eleutheria + Vision Ltd. (Registered number: 03909462)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 3,786 -
Other creditors 4,915 4,915
Directors' current accounts 91,495 78,192
Accrued expenses 3,029 2,672
103,225 85,779

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans more 5 yrs non-inst 220,461 220,470

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 220,461 220,470

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 220,461 220,470

Bank loans and overdrafts are secured by a charge on one of the investment properties and by a personal guarantee given by the director, K Myers.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100
1 B £1 1 1
101 101

Eleutheria + Vision Ltd. (Registered number: 03909462)

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

11. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 February 2023 344,074 155,918 499,992
Profit for the year 182,370 182,370
Dividends (2,000 ) (2,000 )
Transfer from retained
earnings - 191,461 191,461
Transfer to non distributable
reserve (191,461 ) - (191,461 )
At 31 January 2024 332,983 347,379 680,362