Vision Develop (Plantation Wharf) Ltd

	Page
Accountants' Report	1
Abridged Balance Sheet	2—3
Notes to the Abridged Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Vision Develop (Plantation Wharf) Ltd for the period 4 November 2024 to 30 November 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vision Develop (Plantation Wharf) Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made to the directors of Vision Develop (Plantation Wharf) Ltd , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Vision Develop (Plantation Wharf) Ltd and state those matters that we have agreed to state to the directors of Vision Develop (Plantation Wharf) Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vision Develop (Plantation Wharf) Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Vision Develop (Plantation Wharf) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Vision Develop (Plantation Wharf) Ltd . You consider that Vision Develop (Plantation Wharf) Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Vision Develop (Plantation Wharf) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

31 July 2026

C K R

Chartered Certified Accountants

CKR House

70 East Hill

Dartford

Kent

DA1 1RZ

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Vision Develop (Plantation Wharf) Ltd

Abridged Balance Sheet

As At 30 November 2025

Abridged Balance Sheet

Registered number: 16059256

		30 November 2025
	Notes	£	£
FIXED ASSETS
Investments	4		351,750

			351,750
CURRENT ASSETS
Stocks		16,536,199
Debtors	5	64,977
Cash at bank and in hand		635,463

		17,236,639
Creditors: Amounts Falling Due Within One Year		(223,330 )

NET CURRENT ASSETS (LIABILITIES)			17,013,309

TOTAL ASSETS LESS CURRENT LIABILITIES			17,365,059

Creditors: Amounts Falling Due After More Than One Year			(17,339,664 )

NET ASSETS			25,395

CAPITAL AND RESERVES
Called up share capital	6		200
Profit and Loss Account			25,195

SHAREHOLDERS' FUNDS			25,395

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Vision Develop (Plantation Wharf) Ltd

Abridged Balance Sheet (continued)

As At 30 November 2025

For the period ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Permjit Sulh Director	Mr Keith Bastian Director	Mr Giles Underhill Director
31 July 2026

The notes on pages 4 to 6 form part of these financial statements.

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Vision Develop (Plantation Wharf) Ltd

Notes to the Abridged Financial Statements

For the Period 4 November 2024 to 30 November 2025

Notes to the Abridged Financial Statements

1. General Information

Vision Develop (Plantation Wharf) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16059256 . The registered office is CKR House, 70 East Hill, Dartford, Kent, DA1 1RZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The directors have reviewed the company’s cash flow forecasts and funding arrangements for a period of at least twelve months from the date of these financial statements.

The company is a special purpose vehicle established to undertake a residential property development. At the balance sheet date, the development was ongoing and significant costs had been capitalised as work in progress. The company is funded through a combination of a third party development loan and amounts advanced by related parties.

The development loan is repayable from the proceeds of sale of the completed development. The directors are satisfied that the forecast sales values of the development are sufficient to enable the company to meet its obligations as they fall due.

Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

2.3. Stocks and Work in Progress

Stock and work in progress comprise property development costs which have been undertaken for eventual sale on completion in the ordinary course of business.

Work in progress is stated at the lower of cost and net realisable value. Cost includes all expenditure directly attributable to the development activity, incurred up to the reporting date, including but not limited to:

Acquisition costs of land and property

Construction and development costs

Professional fees (architects, surveyors, engineers, project managers & legal fees)

Planning and statutory fees

Direct labour and subcontractor costs

Materials and site-related expenses

Interest and other directly attributable financing costs, where applicable and capitalised in accordance with the company’s accounting policies

All costs incurred in relation to the development, other than administration and general overhead expenses, have been classified as stock and work in progress at 30 November 2025.

Administrative expenses, including office costs and general management expenses, are expensed to the profit and loss account as incurred and are not capitalised.

The directors consider that the capitalisation of development costs, excluding administration expenses, appropriately reflects the nature of the company’s activities and the stage of completion of the development at the reporting date.

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Vision Develop (Plantation Wharf) Ltd

Notes to the Abridged Financial Statements (continued)

For the Period 4 November 2024 to 30 November 2025

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.5. Revenue Recognition

Revenue from the sale of developed properties is recognised on completion of the sale, being the point at which legal title is transferred to the purchaser, the significant risks and rewards of ownership have passed, and consideration is receivable.

No development revenue was recognised in the current year as the development had not reached completion.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL

4. Investments

	Total
	£
Cost or Valuation
As at 4 November 2024	-
Additions	351,750

As at 30 November 2025	351,750

Provision
As at 4 November 2024	-

As at 30 November 2025	-

Net Book Value
As at 30 November 2025	351,750

As at 4 November 2024	-

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Vision Develop (Plantation Wharf) Ltd

Notes to the Abridged Financial Statements (continued)

For the Period 4 November 2024 to 30 November 2025

5. Debtors

	30 November 2025
	£
Due after more than one year
Amounts owed by associates	30,000

6. Share Capital

	30 November 2025
Allotted, called up but not fully paid	£
100 Ordinary Shares of £ 1.00 each	100

Preference Shares

	30 November 2025
Allotted, called up but not fully paid	£
100 Preference Shares of £ 1.00 each	100


Shares issued during the period:	£
100 Ordinary Shares of £ 1.00 each	100
100 Preference Shares of £ 1.00 each	100

	200

Preference Shares

The non redeemable preference shares carry the following rights:

• Priority on dividends over ordinary shares in any distribution of profits

• Priority on distribution of assets in the event of a winding up or liquidation of the company

• Full participation in capital appreciation without limitation

• No voting limitations, with preference shares carrying the same voting rights as ordinary shares

7. Related Party Transactions

During the year, the company received funding from the following related parties:

Fischer Developments (Leicester) Limited, a company under common control

Sulh Securities & Investments Ltd, a company connected with a director

At 30 November 2025, amounts owed to related parties totalled £1,760,000. The balances are unsecured, interest will be chargeable at a arate of 12% per annum, the funding and interest is repayable from the proceeds of sale of the completed development.

The directors consider that the terms of the transactions are on an arm's length basis and are consistent with those that would be available from third-party funders.

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