Vision Housing Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12865995

VISION HOUSING PROPERTIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29 September 2024

VISION HOUSING PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION

29 September 2024

	2024		2023
Note	£	£	£

FIXED ASSETS

Tangible assets	4		897,337	897,337

CURRENT ASSETS

Debtors	5	53,003	58,958
Cash at bank and in hand		16,784	3,334
		--------	--------
		69,787	62,292

CREDITORS: amounts falling due within one year	6	( 350,497)		( 336,630)
		---------		---------
NET CURRENT LIABILITIES			( 280,710)	( 274,338)
			---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES			616,627	622,999

CREDITORS: amounts falling due after more than one year	7	( 612,620)	( 612,620)
		---------	---------
NET ASSETS		4,007	10,379
		---------	---------

CAPITAL AND RESERVES

Called up share capital	2	2
Profit and loss account	4,005	10,377
	-------	--------
SHAREHOLDERS FUNDS	4,007	10,379
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

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

VISION HOUSING PROPERTIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

29 September 2024

These financial statements were approved by the board of directors and authorised for issue on 4 September 2025 , and are signed on behalf of the board by:

E Powell	C Lincoln
Director	Director

Company registration number: 12865995

VISION HOUSING PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 29 SEPTEMBER 2024

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 6 Sugar Mill Business Park, 432 Dewsbury Road, Leeds, LS11 7DF, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of rents received, exclusive of Value Added Tax.

Income tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TANGIBLE ASSETS

	Investment property
	£
Cost
At 1 October 2023 and 29 September 2024	897,337
	---------
Depreciation
At 1 October 2023 and 29 September 2024	–
	---------
Carrying amount
At 29 September 2024	897,337
	---------
At 30 September 2023	897,337
	---------

Investment property has been valued by the directors on an open market basis at 29 September 2024 .

5. DEBTORS

	2024	2023
	£	£
Trade debtors	53,003	58,958
	--------	--------

6. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	856	546
Amounts owed to group undertakings and undertakings in which the company has a participating interest	336,831	326,831
Corporation tax	523	2,434
Social security and other taxes	8,057	4,714
Other creditors	4,230	2,105
	---------	---------
	350,497	336,630
	---------	---------

7. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	612,620	612,620
	---------	---------