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REGISTERED NUMBER: 09891543 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

VISION TWENTY PROPERTY LIMITED

VISION TWENTY PROPERTY LIMITED (REGISTERED NUMBER: 09891543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VISION TWENTY PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: P J Ashurst
K J Butler





SECRETARY: P J Ashurst





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 09891543 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

VISION TWENTY PROPERTY LIMITED (REGISTERED NUMBER: 09891543)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 855 1,140
Investment property 6 1,773,519 1,773,519
1,774,374 1,774,659

CURRENT ASSETS
Debtors 7 2,007,479 2,058,076
Cash at bank 18,912 8,770
2,026,391 2,066,846
CREDITORS
Amounts falling due within one year 8 3,280,959 2,715,142
NET CURRENT LIABILITIES (1,254,568 ) (648,296 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,806

1,126,363

PROVISIONS FOR LIABILITIES 119,706 119,706
NET ASSETS 400,100 1,006,657

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 400,000 1,006,557
SHAREHOLDERS' FUNDS 400,100 1,006,657

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

VISION TWENTY PROPERTY LIMITED (REGISTERED NUMBER: 09891543)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





P J Ashurst - Director


VISION TWENTY PROPERTY LIMITED (REGISTERED NUMBER: 09891543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Vision Twenty Property 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

4. EMPLOYEES AND DIRECTORS

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

VISION TWENTY PROPERTY LIMITED (REGISTERED NUMBER: 09891543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 4,594 2,843 7,437
DEPRECIATION
At 1 December 2023 3,454 2,843 6,297
Charge for year 285 - 285
At 30 November 2024 3,739 2,843 6,582
NET BOOK VALUE
At 30 November 2024 855 - 855
At 30 November 2023 1,140 - 1,140

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023
and 30 November 2024 1,773,519
NET BOOK VALUE
At 30 November 2024 1,773,519
At 30 November 2023 1,773,519

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2017 565,766
Cost 1,207,753
1,773,519

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,147 794
Amounts owed by group undertakings 2,000,000 2,050,000
Prepayments 6,332 7,282
2,007,479 2,058,076

VISION TWENTY PROPERTY LIMITED (REGISTERED NUMBER: 09891543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 68 3,912
Amounts owed to group undertakings 1,188,232 627,771
Tax 15,343 16,376
VAT 7,553 1,985
Directors' current accounts 2,044,379 2,044,379
Accruals and deferred income 25,384 20,719
3,280,959 2,715,142

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Owed to group undertakings 519,074 627,771

The intercompany loan is secured by fixed and floating charges covering all the property or undertaking of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 December 2023 1,006,557
Profit for the year 50,601
Dividends (657,158 )
At 30 November 2024 400,000

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.