Vision MH Ltd 06030445 true 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is the provision of mental health care. Digita Accounts Production Advanced 6.30.9574.0 true true 06030445 2024-04-01 2025-03-31 06030445 2025-03-31 06030445 bus:Consolidated 2025-03-31 06030445 core:RetainedEarningsAccumulatedLosses 2025-03-31 06030445 core:ShareCapital 2025-03-31 06030445 core:SharePremium 2025-03-31 06030445 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06030445 bus:SmallEntities 2024-04-01 2025-03-31 06030445 bus:Audited 2024-04-01 2025-03-31 06030445 bus:FilletedAccounts 2024-04-01 2025-03-31 06030445 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06030445 bus:RegisteredOffice 2024-04-01 2025-03-31 06030445 bus:Director1 2024-04-01 2025-03-31 06030445 bus:Director2 2024-04-01 2025-03-31 06030445 bus:EntityNoLongerTradingButTradedInPast 2024-04-01 2025-03-31 06030445 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06030445 countries:EnglandWales 2024-04-01 2025-03-31 06030445 2024-03-31 06030445 core:RetainedEarningsAccumulatedLosses 2024-03-31 06030445 core:ShareCapital 2024-03-31 06030445 core:SharePremium 2024-03-31 06030445 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06030445 2023-04-01 2024-03-31 06030445 2024-03-31 06030445 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 06030445

Prepared for the registrar
Vision MH Ltd
Annual Report and Financial Statements
for the Year Ended 31 March 2025

Vision MH Ltd

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Financial Statements | 3 to 6

Vision MH Ltd

Company Information

Directors | T M Davies N D Robinson

Registered office | Royal Court Basil Close Chesterfield Derbyshire S41 7SL

Auditors | Hazlewoods LLP Windsor House Bayshill Road Cheltenham GL50 3AT

Vision MH Ltd

(Registration number: 06030445)
Balance Sheet as at 31 March 2025

| Note | 2025 £ 000 | 2024 £ 000
Current assets |  |  |
Debtors | 4 | 134 | 150
Cash at bank and in hand |  | 9 | 3
|  | 143 | 153
Creditors: Amounts falling due within one year | 5 | (428) | (438)
Net liabilities |  | (285) | (285)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Share premium reserve |  | 351 | 351
Profit and loss account |  | (638) | (638)
Total equity |  | (285) | (285)

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2025 and signed on its behalf by:

N D Robinson
Director

Vision MH Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Royal Court
Basil Close
Chesterfield
Derbyshire
S41 7SL

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of Ivolve Care Holdings Limited.

The financial statements of Ivolve Care Holdings Limited may be obtained from Companies House.

Going concern

Notwithstanding the net liability position shown on the balance sheet, the financial statements have been prepared on the going concern basis. The directors have considered the forecast cash flows and the cash requirements of the business in their assessment of going concern. As a result of this assessment it was concluded that the cash requirements of the business for the 12 months from signing will be met through a combination of operational cash flows and intergroup loans and thus the business is deemed to operate as a going concern.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Vision MH Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments
Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Vision MH Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Financial instruments (continued)
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.
A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.
The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.
Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.
For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.
Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

| 3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was as follows:

| 2025 No. | 2024 No.
Average number of employees | 2 | 3

| 4 | Debtors

| 2025 £ 000 | 2024 £ 000
Trade debtors | 88 | 88
Amounts owed by group undertakings | 42 | 15
Other debtors | 4 | 4
Prepayments | - | 43
| 134 | 150

Vision MH Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

| 5 | Creditors

| 2025 £ 000 | 2024 £ 000
Due within one year |  |
Trade creditors | 15 | 15
Other creditors | 17 | 17
Accrued expenses | 396 | 406
| 428 | 438

| 6 | Parent and ultimate parent undertaking

The company's immediate parent company is Bridge Bidco Limited, incorporated in England and Wales.
The ultimate parent company is Specialist Healthcare Operations Limited, incorporated in the Isle Of Man.
There is considered to be no single ultimate controlling party.

| 7 | Disclosure under Section 444(5B) CA 2006

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 18 November 2025 was Simon Worsley, who signed for and on behalf of Hazlewoods LLP.

As permitted by Section 444 CA 2006, these accounts do not contain a copy of the company’s Profit and Loss account or a copy of the Directors’ Report.