Registration number: 11907837

Vision Develop Ltd

Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Current assets
Debtors	5	91,570	92,712
Cash at bank and in hand		1,306	729
		92,876	93,441
Creditors: Amounts falling due within one year	6	(119,968)	(117,223)
Net liabilities		(27,092)	(23,782)
Capital and reserves
Called up share capital		120	120
Retained earnings		(27,212)	(23,902)
Shareholders' deficit		(27,092)	(23,782)

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The directors of Vision Develop Ltd have elected not to include a copy of the Income Statement within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the Board on 28 July 2026 and signed on its behalf by:
 

.........................................

Mr A R Court

Director

Company registration number: 11907837

Vision Develop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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:
c/o Brebners
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

The principal activity of the company is that of property development.

2	Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

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.

Going concern

The company made a loss for the year ended 31 March 2026 and had net liabilities at that date amounting to £27,092.

The company has few fixed overheads and funds its development activities with loans from companies under the control of certain shareholders and a related undertaking to whom a combined amount of £116,301 was due at 31 March 2026. All companies under the control of shareholders have confirmed that they will continue to provide support and not call for repayment until the company has sufficient working capital.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from property development services provided in the ordinary course of the company's activities. Turnover is shown net of VAT.

The company recognises revenue based upon the contractual stage of completion.

Vision Develop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	3 years straight line

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.

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.

3	Staff numbers

The average number of persons employed by the company during the year, was 0 (2025 - 0).

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 April 2025	2,735	2,735
At 31 March 2026	2,735	2,735
Depreciation
At 1 April 2025	2,735	2,735
At 31 March 2026	2,735	2,735
Carrying amount
At 31 March 2026	-	-

Vision Develop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5

Debtors

	2026 £	2025 £
Other debtors	91,570	92,712
	91,570	92,712

6

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Trade creditors	2,257	1,172
Accruals and deferred income	1,410	1,250
Other creditors	116,301	114,801
	119,968	117,223