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Registered number: 10973157









VISTA ACCOMMODATION LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
VISTA ACCOMMODATION LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF VISTA ACCOMMODATION LTD
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Vista Accommodation Ltd for the year ended 30 September 2024 which comprise  the Balance Sheet, the Statement of Changes in Equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Vista Accommodation Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Vista Accommodation Ltd and state those matters that we have agreed to state to the Board of Directors of Vista Accommodation Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vista Accommodation Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Vista Accommodation Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Vista Accommodation Ltd. You consider that Vista Accommodation Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Vista Accommodation Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Wilson Partners Limited
 
Windsor House
Station Court
Station Road
Great Shelford
Cambridge
CB22 5NE
25 June 2025
Page 1

 
VISTA ACCOMMODATION LTD
REGISTERED NUMBER: 10973157

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,453,600
2,613,600

  
2,453,600
2,613,600

Current assets
  

Debtors: amounts falling due within one year
  
12,631
-

Cash at bank and in hand
 6 
1,476
1,397

  
14,107
1,397

Creditors: amounts falling due within one year
 7 
(1,933,963)
(2,034,973)

Net current liabilities
  
 
 
(1,919,856)
 
 
(2,033,576)

Total assets less current liabilities
  
533,744
580,024

Creditors: amounts falling due after more than one year
 8 
(512,840)
(512,840)

  

Net assets
  
20,904
67,184


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
19,904
66,184

  
20,904
67,184


Page 2

 
VISTA ACCOMMODATION LTD
REGISTERED NUMBER: 10973157
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




George Hoger
Director

Date: 25 June 2025

The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
VISTA ACCOMMODATION LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2022
1,000
48,153
49,153


Comprehensive income for the year

Profit for the year
-
18,031
18,031



At 1 October 2023
1,000
66,184
67,184


Comprehensive income for the year

Loss for the year
-
(46,280)
(46,280)


At 30 September 2024
1,000
19,904
20,904


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
VISTA ACCOMMODATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Vista Accommodation Ltd is a private company limited by shares incorporated in England and Wales. The registered office is C/O BCS, Windsor House, Station Court, Station Road, Great Shelford, Cambridge, CB22 5NE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
VISTA ACCOMMODATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2

Page 6

 
VISTA ACCOMMODATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Investment property


Investment property

£



Valuation


At 1 October 2023
2,613,600


Disposals
(160,000)



At 30 September 2024
2,453,600

The fair value of the investment properties have been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices and rental yields for similar properties. 








5.


Debtors

2024
2023
£
£


Other debtors
12,631
-

12,631
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,476
1,397

1,476
1,397


Page 7

 
VISTA ACCOMMODATION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
1,931,323
2,032,453

Accruals and deferred income
2,640
2,520

1,933,963
2,034,973



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Mortgages
512,840
512,840

512,840
512,840


 
Page 8