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REGISTERED NUMBER: 03123417 (England and Wales)












VISIONBROOK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






VISIONBROOK LIMITED (REGISTERED NUMBER: 03123417)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VISIONBROOK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr C A Joannou Bsc, Msc, Phd, FCCA
Mr C Petrides BSc, FCA, FCCA
Mr A C Stylianou ACA, FCCA
Mr T Tsirtsipis BSc, FCCA





SECRETARY: Mr A C Stylianou ACA, FCCA





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 03123417 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

VISIONBROOK LIMITED (REGISTERED NUMBER: 03123417)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,800,000 2,550,000

CURRENT ASSETS
Cash at bank 47,076 41,600

CREDITORS
Amounts falling due within one year 5 101,731 75,455
NET CURRENT LIABILITIES (54,655 ) (33,855 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,745,345

2,516,145

CREDITORS
Amounts falling due after more than one
year

6

(133,585

)

(172,506

)

PROVISIONS FOR LIABILITIES (401,958 ) (339,458 )
NET ASSETS 2,209,802 2,004,181

CAPITAL AND RESERVES
Called up share capital 7 288 288
Fair value reserve 8 1,926,096 1,738,596
Retained earnings 283,418 265,297
SHAREHOLDERS' FUNDS 2,209,802 2,004,181

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

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

VISIONBROOK LIMITED (REGISTERED NUMBER: 03123417)

BALANCE SHEET - continued
31 DECEMBER 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 27 June 2025 and were signed on its behalf by:




Mr C Petrides BSc, FCA, FCCA - Director



Mr A C Stylianou ACA, FCCA - Director


VISIONBROOK LIMITED (REGISTERED NUMBER: 03123417)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Visionbrook 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.

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.

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

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 4 (2023 - 4 ) .

VISIONBROOK LIMITED (REGISTERED NUMBER: 03123417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 2,550,000
Revaluations 250,000
At 31 December 2024 2,800,000
NET BOOK VALUE
At 31 December 2024 2,800,000
At 31 December 2023 2,550,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2016 1,095,654
Valuation in 2017 150,000
Valuation in 2018 600,000
Valuation in 2019 300,000
Valuation in 2024 250,000
Cost 404,346
2,800,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 404,346 404,346

The investment property was valued on an open market basis on 31 December 2024 by the directors. .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 27,735 11,995
Tax 33,199 24,214
Directors' current accounts 2,364 10,168
Accruals and deferred income 38,433 29,078
101,731 75,455

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-2 years 32,241 11,995
Bank loans - 2-5 years 101,342 38,086
Bank loans more 5 yr by instal 2 122,425
133,585 172,506

VISIONBROOK LIMITED (REGISTERED NUMBER: 03123417)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.24 31.12.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2 122,425

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
288 Ordinary £288 288 288

8. RESERVES
Fair
value
reserve
£   
At 1 January 2024 1,738,596
Revaluation 187,500

At 31 December 2024 1,926,096

9. ULTIMATE CONTROLLING PARTY

There is no overall control by anyone party.