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REGISTERED NUMBER: 02128005 (England and Wales)














Financial Statements

for the Year Ended 31 July 2024

for

Facevisual Ltd

Facevisual Ltd (Registered number: 02128005)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Facevisual Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: J V Marland



SECRETARY: J V Pittaras



REGISTERED OFFICE: Oriel House
2- 8 Oriel Road
Bootle
Merseyside
L20 7EP



REGISTERED NUMBER: 02128005 (England and Wales)



ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2/8 Oriel Road
Bootle
Merseyside
L20 7EP



BANKERS: Barclays Bank plc
337-339 Stanley Road
Bootle
Merseyside
L20 3EB

Facevisual Ltd (Registered number: 02128005)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 174 231
Investment property 5 623,268 693,268
623,442 693,499

CURRENT ASSETS
Cash at bank and in hand 69,035 2,726

CREDITORS
Amounts falling due within one year 6 18,917 5,475
NET CURRENT ASSETS/(LIABILITIES) 50,118 (2,749 )
TOTAL ASSETS LESS CURRENT LIABILITIES 673,560 690,750

CREDITORS
Amounts falling due after more than one year 7 8,703 13,991
NET ASSETS 664,857 676,759

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 72,838 72,838
Retained earnings 591,919 603,821
SHAREHOLDERS' FUNDS 664,857 676,759

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Facevisual Ltd (Registered number: 02128005)

Balance Sheet - continued
31 July 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 26 February 2025 and were signed by:





J V Marland - Director


Facevisual Ltd (Registered number: 02128005)

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


1. STATUTORY INFORMATION

Facevisual 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.

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.

Depreciation
Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives using the following rates:

Plant and machinery- 25% on reducing balance
Motor vehicles- 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Facevisual Ltd (Registered number: 02128005)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 191 750 941
DEPRECIATION
At 1 August 2023 182 528 710
Charge for year 2 55 57
At 31 July 2024 184 583 767
NET BOOK VALUE
At 31 July 2024 7 167 174
At 31 July 2023 9 222 231

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 693,268
Disposals (70,000 )
At 31 July 2024 623,268
NET BOOK VALUE
At 31 July 2024 623,268
At 31 July 2023 693,268

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2018 32,483
Valuation in 2019 40,355
Cost 550,430
623,268

If investment properties had not been revalued they would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 596,233 596,233

Investment properties were valued on an open market basis on 31 July 2023 by the Director .

Facevisual Ltd (Registered number: 02128005)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 14,896 3,183
Other creditors 4,021 2,292
18,917 5,475

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,703 13,991

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 72,838