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Company Registration No. 06548881 (England and Wales)
Victoria Apartments Limited Unaudited accounts for the year ended 31 December 2022
Victoria Apartments Limited Unaudited accounts Contents
Page
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Victoria Apartments Limited Company Information for the year ended 31 December 2022
Director
M MACKAY
Company Number
06548881 (England and Wales)
Registered Office
390 Marine Road East Morecambe Lancashire LA4 5AU
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Victoria Apartments Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,170 
18,311 
Investment property
2,258,936 
2,258,936 
2,275,106 
2,277,247 
Current assets
Debtors
116,787 
40,782 
Cash at bank and in hand
112,283 
242,862 
229,070 
283,644 
Creditors: amounts falling due within one year
(52,269)
(104,239)
Net current assets
176,801 
179,405 
Total assets less current liabilities
2,451,907 
2,456,652 
Provisions for liabilities
Deferred tax
(11,240)
(11,240)
Net assets
2,440,667 
2,445,412 
Capital and reserves
Called up share capital
100 
100 
Share premium
4,052,872 
4,052,872 
Profit and loss account
(1,612,305)
(1,607,560)
Shareholders' funds
2,440,667 
2,445,412 
For the year ending 31 December 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
M MACKAY Director Company Registration No. 06548881
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Victoria Apartments Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Victoria Apartments Limited is a private company, limited by shares, registered in England and Wales, registration number 06548881. The registered office is 390 Marine Road East, Morecambe, Lancashire, LA4 5AU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance basis
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
59,278 
- 
59,278 
Additions
1,588 
1,149 
2,737 
At 31 December 2022
60,866 
1,149 
62,015 
Depreciation
At 1 January 2022
40,967 
- 
40,967 
Charge for the year
4,418 
460 
4,878 
At 31 December 2022
45,385 
460 
45,845 
Net book value
At 31 December 2022
15,481 
689 
16,170 
At 31 December 2021
18,311 
- 
18,311 
5
Investment property
2022 
£ 
Fair value at 1 January 2022
2,258,936 
At 31 December 2022
2,258,936 
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Victoria Apartments Limited Notes to the Accounts for the year ended 31 December 2022
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,994 
697 
Amounts due from group undertakings etc.
3,830 
2,150 
Other debtors
107,963 
37,935 
116,787 
40,782 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Amounts owed to group undertakings and other participating interests
- 
1,920 
Other creditors
1,406 
- 
Loans from directors
48,363 
99,819 
Accruals
2,500 
2,500 
52,269 
104,239 
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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