Registered number
05024171
New Vision Estates Limited
Filleted Accounts
31 March 2025

New Vision Estates Limited
Registered number: | 05024171
Balance Sheet
as at 31 March 2025
| Notes |  |  | 2025 |  |  | 2024
|  |  |  | £ |  |  | £
Fixed assets
Tangible assets | 3 |  |  | 3,864,641 |  |  | 3,775,514
Investments | 4 |  |  | - |  |  | 15
|  |  |  | 3,864,641 |  |  | 3,775,529
Current assets
Debtors | 5 |  | 1,592,136 |  |  | 1,845,160
Cash at bank and in hand |  |  | 48,606 |  |  | 15,050
|  |  | 1,640,742 |  |  | 1,860,210
Creditors: amounts falling due within one year | 6 |  | (55,890) |  |  | (234,445)
Net current assets |  |  |  | 1,584,852 |  |  | 1,625,765
Total assets less current liabilities |  |  |  | 5,449,493 |  |  | 5,401,294
Creditors: amounts falling due after more than one year | 7 |  |  | (1,909,900) |  |  | (1,909,943)
Provisions for liabilities |  |  |  | (195,765) |  |  | (195,765)
Net assets |  |  |  | 3,343,828 |  |  | 3,295,586
Capital and reserves
Called up share capital |  |  |  | 8 |  |  | 8
Profit and loss account |  |  |  | 3,343,820 |  |  | 3,295,578
Shareholders' funds |  |  |  | 3,343,828 |  |  | 3,295,586
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Abbas Shah
Director
Approved by the board on 10 March 2026

New Vision Estates Limited
Notes to the Accounts
for the year ended 31 March 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| Turnover
| Turnover represents the rental income receivable by the company for the accounting period.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
| Fixtures, fittings, tools and equipment | 25% reducing balance
| Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the profit and loss account, and no provision is made for depreciation. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated, is, in the opinion of the directors, necessary for the accounts to show a true and fair view in accordance with applicable accounting standards.
| Investments
| Investments in subsidiaries are measured at cost less any accumulated impairment losses.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2025 |  | 2024
|  |  |  |  |  | Number |  | Number
| Average number of persons employed by the company | 0 |  | 0
3 | Tangible fixed assets
|  |  |  | Land and buildings |  | Plant and machinery etc |  | Total
|  |  |  | £ |  | £ |  | £
| Cost
| At 1 April 2024 | 3,775,000 |  | 27,527 |  | 3,802,527
| Additions | 89,641 |  | - |  | 89,641
| Disposals | - |  | (27,527) |  | (27,527)
| At 31 March 2025 | 3,864,641 |  | - |  | 3,864,641
| Depreciation
| At 1 April 2024 | - |  | 27,013 |  | 27,013
| Charge for the year | - |  | 514 |  | 514
| On disposals | - |  | (27,527) |  | (27,527)
| At 31 March 2025 | - |  | - |  | -
| Net book value
| At 31 March 2025 | 3,864,641 |  | - |  | 3,864,641
| At 31 March 2024 | 3,775,000 |  | 514 |  | 3,775,514
| Freehold land and buildings: | 2025 |  | 2024
|  |  |  |  |  | £ |  | £
| Historical cost | 3,081,582 |  | 2,991,941
| Cumulative depreciation based on historical cost | - |  | -
|  |  |  |  |  | 3,081,582 |  | 2,991,941
| The investment properties were valued at £3,775,000 on 31 March 2024 by Abbas Shah, a director of the company, on an open market existing use basis.
4 | Investments
|  |  |  |  |  |  |  | Investments in
|  |  |  |  |  |  |  | subsidiary
|  |  |  |  |  |  |  | undertakings
|  |  |  |  |  |  |  | £
| Cost
| At 1 April 2024 | 15
| Disposals | (15)
| At 31 March 2025 | -
5 | Debtors | 2025 |  | 2024
|  |  |  |  |  | £ |  | £
| Amounts owed by group undertakings and undertakings in which the company has a participating interest |  | 70,908 |  | 396,347
| Other debtors | 1,521,228 |  | 1,448,813
|  |  |  |  |  | 1,592,136 |  | 1,845,160
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
|  |  |  |  |  | £ |  | £
| Taxation and social security costs | 15,527 |  | 203,501
| Other creditors | 40,363 |  | 30,944
|  |  |  |  |  | 55,890 |  | 234,445
7 | Creditors: amounts falling due after one year | 2025 |  | 2024
|  |  |  |  |  | £ |  | £
| Bank loans | 1,909,900 |  | 1,909,943
8 | Loans | 2025 |  | 2024
|  |  |  |  |  | £ |  | £
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | 1,909,900 |  | 1,909,943
| Secured bank loans | 1,909,900 |  | 1,909,943
| The bank loans are secured on the investment properties.
9 | Controlling party
| New Vision Developments Ltd is the company's ultimate parent undertaking. Its registered office is:
| 737 Dunstable Road
| Luton
| LU4 0HL
| The company and its subsidiary undertakings comprise a small group. New Vision Developments Ltd has taken advantage of the exemption provided by s.398 of the Companies Act 2006 not to prepare group accounts.
10 | Other information
| New Vision Estates Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 737 Dunstable Road
| Luton
| LU4 0HL

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