Advanced Vision Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04635309

ADVANCED VISION LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 January 2026

ADVANCED VISION LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st JANUARY 2026

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

ADVANCED VISION LIMITED

STATEMENT OF FINANCIAL POSITION

31 January 2026

	2026		2025
Note	£	£	£	£

FIXED ASSETS

Investment properties	5		300,000		348,000

CURRENT ASSETS

Debtors	6	69,229	69,410
Cash at bank and in hand		252,410	236,216
		----------	----------
		321,639	305,626

CREDITORS: amounts falling due within one year	7	12,950		7,127
		----------		----------
NET CURRENT ASSETS			308,689		298,499
			----------		----------
TOTAL ASSETS LESS CURRENT LIABILITIES			608,689		646,499

PROVISIONS

Taxation including deferred tax	11,170	16,462
	----------	----------
NET ASSETS	597,519	630,037
	----------	----------

CAPITAL AND RESERVES

Called up share capital	10	100	100
Non distributable reserves		90,143	132,851
Profit and loss account		507,276	497,086
		----------	----------
SHAREHOLDERS FUNDS		597,519	630,037
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31st January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ADVANCED VISION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 23 October 2026 , and are signed on behalf of the board by:

A. Dalton
Director

Company registration number: 04635309

ADVANCED VISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st JANUARY 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Red House Drive, Red House Farm, Whitley Bay, Tyne & Wear, NE25 9XL.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit and loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration and represents amounts receivable for rent.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Investment properties

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised through the income statement.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Investment properties are not depreciated.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2025: 1 ).

5. INVESTMENT PROPERTIES

	Investment properties
	£
Cost/valuation
At 1st February 2025	348,000
Revaluation	( 48,000)
	----------
At 31st January 2026	300,000
	----------
Impairment
At 1st February 2025 and 31st January 2026	–
	----------

Carrying amount
At 31st January 2026	300,000
	----------
At 31st January 2025	348,000
	----------

Investment properties are stated at director's opinion of fair value.

6. DEBTORS

	2026	2025
	£	£
Other debtors	69,229	69,410
	---------	---------

7. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	4,149	3,762
Other creditors	8,801	3,365
	---------	-------
	12,950	7,127
	---------	-------

8. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions	11,170	16,462
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Fair value adjustment of investment properties	11,170	16,462
	---------	---------

9. MOVEMENT IN FAIR VALUE OF INVESTMENT PROPERTIES

	Non distributable reserve
	£
Year ended 31st January 2026
Movement in fair value of investment properties	( 48,000)
Deferred tax adjustment on fair value movement	5,292
	---------
	( 42,708)
	---------

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. RELATED PARTY TRANSACTIONS

A. Dalton is also the director and shareholder of Advanced Vision @ Tynemouth Limited. An intercompany loan account processes the transactions between Advanced Vision Limited and Advanced Vision @ Tynemouth Limited. At the year end Advanced Vision Limited was owed £69,050 (2025: £69,050) from Advanced Vision @ Tynemouth Limited and this amount is shown in year end debtors. No other transactions with related parties were undertaken such as are required to be disclosed under FRS102 Section 1A small entities.