Registered number
12353446
A-Vision Management Limited
Filleted Accounts
31 December 2024
A-Vision Management Limited
Registered number: 12353446
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 820,967 820,967
Current assets
Debtors 4 551 479
Cash at bank and in hand 38,649 8,356
39,200 8,835
Creditors: amounts falling due within one year 5 (614,888) (568,197)
Net current liabilities (575,688) (559,362)
Total assets less current liabilities 245,279 261,605
Creditors: amounts falling due after more than one year 6 (215,445) (244,835)
Net assets 29,834 16,770
Capital and reserves
Called up share capital 100 100
Profit and loss account 29,734 16,670
Shareholders' funds 29,834 16,770
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S F Kong
Director
Approved by the board on 4 June 2025
A-Vision Management Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, for rent arising from the investment properties.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 820,967
At 31 December 2024 820,967
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 820,967
At 31 December 2023 820,967
Freehold land and buildings: 2024 2023
£ £
Historical cost 820,967 820,967
Cumulative depreciation based on historical cost - -
820,967 820,967
Land and buildings above are all investment properties valued by the director, Ms T Y Lam on a fair value basis at 31.12.2024 at £820967. No depreciation is charged on these investment properties as it is necessary to show a true and fair view contrary to the requirement of the Companies Act 2006.
4 Debtors 2024 2023
£ £
Other debtors 551 479
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,385 4,680
Accruals 4,988 5,399
Taxation and social security costs 3,064 4,512
Other creditors 602,451 553,606
614,888 568,197
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 215,445 244,835
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 197,905 221,435
Secured bank loans 219,829 249,515
Secured via a fixed charge on freehold property.
8 Other information
A-Vision Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
72 Plumstead High Street
London
SE18 1SL
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