General Information
Visum Prius Ltd is a private company, limited by shares, registered in England and Wales, registration number 11829380, registration address Abbeycroft, The Street, Mortimer, Reading, RG7 3PE.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
|
| 2. |
Average number of employees
Average number of employees during the year was 0 (2024 : 0).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Investment properties |
|
Total |
| |
£ |
|
£ |
| At 01 March 2024 |
7,086,250 |
|
7,086,250 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 28 February 2025 |
7,086,250 |
|
7,086,250 |
| Depreciation |
| At 01 March 2024 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 28 February 2025 |
- |
|
- |
| Net book values |
| Closing balance as at 28 February 2025 |
7,086,250 |
|
7,086,250 |
| Opening balance as at 01 March 2024 |
7,086,250 |
|
7,086,250 |
|
| 4. |
Investments
| Cost |
Loans to participating interests |
|
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 March 2024 |
85,472 |
|
4,855,351 |
|
4,940,823 |
| Additions |
1,085,419 |
|
- |
|
1,085,419 |
| Disposals |
- |
|
- |
|
- |
| At 28 February 2025 |
1,170,891 |
|
4,855,351 |
|
6,026,242 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
0 |
|
23,179 |
| Corporation Tax |
345,722 |
|
764,083 |
| Accrued Expenses |
2,100 |
|
1,750 |
|
347,822 |
|
789,012 |
|
| 6. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Bank Loans & Overdrafts |
5,000,000 |
|
5,000,000 |
| Directors' Loan Accounts |
1,060,552 |
|
1,184,065 |
|
6,060,552 |
|
6,184,065 |
|
| 7. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
1
Ordinary share of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
3
|