REGISTERED NUMBER: 14216737 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Downs Vision Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Dubrulle

SECRETARY:

Pramex International Ltd

REGISTERED OFFICE:

8th Floor South

11 Old Jewry

London

EC2R 8DU

REGISTERED NUMBER:

14216737 (England and Wales)

AUDITORS:

Maynard Heady LLP Chartered Accountants

Matrix House 12-16 Lionel Road

Canvey Island

Essex

SS8 9DE

FIXED ASSETS

Tangible assets

4

26,642

36,805

CURRENT ASSETS

Stocks

170,096

96,845

Debtors

5

654,107

290,901

Cash at bank

267,599

58,198

1,091,802

445,944

CREDITORS

Amounts falling due within one year

6

798,089

470,217

NET CURRENT ASSETS/(LIABILITIES)

293,713

(24,273

)

TOTAL ASSETS LESS CURRENT LIABILITIES

320,355

12,532

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

310,355

2,532

SHAREHOLDERS' FUNDS

320,355

12,532

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 director and authorised for issue on 18 December 2025 and were signed by:

D Dubrulle - Director

1.	STATUTORY INFORMATION

Downs Vision Ltd 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.

All amounts are rounded to the nearest £.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be measured reliably. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognized:

Sale of goods:

Revenue from the sale of goods is recognized when all of the following conditions are satisfied:

- The company has transferred the significant risks and rewards of ownership to the buyer,

- The company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold,

- The amount of revenue can be measured reliably,

- It is probable that economic benefits associated with the transaction will flow to the entity; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation has been charged at the following rates:

Motor vehicles - 20% straight line

Computer equipment - 33% straight line

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, loans from fellow group companies, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, accruals and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company is dependent upon the continued financial support of its parent company which has undertaken to financially support the company for the at least 12 months after the date of the signing of these accounts and for the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

47,000

2,288

49,288

DEPRECIATION

At 1 April 2024

11,750

733

12,483

Charge for year

9,400

763

10,163

At 31 March 2025

21,150

1,496

22,646

NET BOOK VALUE

At 31 March 2025

25,850

792

26,642

At 31 March 2024

35,250

1,555

36,805

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

287,692

58,479

Amounts owed by group undertakings

362,160

114,447

Other debtors

-

30,739

Social security and other tax

3,706

3,458

VAT

-

3,682

Accrued income and prepayments

-

80,096

Prepayments

549

-

654,107

290,901

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

12,395

96,024

Amounts owed to group undertakings

-

4,361

Tax

99,669

-

VAT

196,475

-

Other creditors

825

358,242

Accruals

7,525

11,590

Deferred income

481,200

-

798,089

470,217

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Nicholas Bragg ACA (Senior Statutory Auditor)

for and on behalf of Maynard Heady LLP Chartered Accountants

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate controlling parent company is ETS DUBRULLE SAS, a company incorporated in France, whose registered address is 1657 RD 916 Le petit Bruxelles, Sainte Marie Cappel, 59670, France.