Registration number:
Vision Fostering Agency Limited
for the
Year Ended 31 March 2020
Windsor House
Bayshill Road
Cheltenham
GL50 3AT
Vision Fostering Agency Limited
Profit and Loss Account for the Year Ended 31 March 2020
The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
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Vision Fostering Agency Limited
(Registration number: 06410274)
Balance Sheet as at 31 March 2020
Note |
2020 |
2019 |
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Fixed assets |
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Investments |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial year ending 31 March 2020 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
• |
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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 in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised by the
.........................................
Director
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Vision Fostering Agency Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
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, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.
The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.
Name of parent of group
These financial statements are consolidated in the financial statements of Capstone Foster Care Limited.
The financial statements of Capstone Foster Care Limited may be obtained from Companies House.
Group accounts not prepared
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Judgements and estimation uncertainty
These financial statements do not contain any significant judgements or estimation uncertainty. |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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Vision Fostering Agency Limited
Notes to the Financial Statements for the Year Ended 31 March 2020
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.
Investments in subsidiaries, joint ventures and associates |
2020 |
2019 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost and carrying amount |
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At 1 April 2019 and at 31 March 2020 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2020 |
2019 |
Subsidiary undertakings |
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Ordinary |
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England and Wales |
The principal activity of Capstone Foster Care (South West) Limited is |
Share capital |
Allotted, called up and fully paid shares
2020 |
2019 |
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No. |
£ |
No. |
£ |
|
|
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2,976,000 |
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2,976,000 |
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224,000 |
|
224,000 |
|
|
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Rights, preferences and restrictions
The different classes of share referred to above carry separate rights to dividends but, in all other significant respects, rank pari passu. |
Parent and ultimate parent undertaking |
The company's immediate and ultimate parent company is
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