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Company Registration No. 09284915 (England and Wales)
Victory Green Limited Unaudited accounts for the year ended 31 March 2023
Victory Green Limited Unaudited accounts Contents
Page
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Victory Green Limited Company Information for the year ended 31 March 2023
Directors
AJ Jayawickrema AS Jayawickrema
Secretary
P Amaradasa
Company Number
09284915 (England and Wales)
Registered Office
1st Floor Olympus House Quedgeley Gloucester Gloucestershire GL2 4NF United Kingdom
Accountants
Virgate Accounts Ltd Olympus House Quedgeley Gloucester Gloucestershire GL2 4NF
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Victory Green Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
90,195 
134,679 
Investment property
2,560,000 
2,560,000 
2,650,195 
2,694,679 
Current assets
Debtors
3,180 
6,202 
Cash at bank and in hand
244,246 
291,545 
247,426 
297,747 
Creditors: amounts falling due within one year
(74,925)
(49,826)
Net current assets
172,501 
247,921 
Total assets less current liabilities
2,822,696 
2,942,600 
Creditors: amounts falling due after more than one year
(1,951,228)
(1,985,691)
Provisions for liabilities
Deferred tax
(155,584)
(137,265)
Net assets
715,884 
819,644 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
715,784 
819,544 
Shareholders' funds
715,884 
819,644 
For the year ending 31 March 2023 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 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 of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by
AJ Jayawickrema Director Company Registration No. 09284915
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Victory Green Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Victory Green Limited is a private company, limited by shares, registered in England and Wales, registration number 09284915. The registered office is 1st Floor Olympus House, Quedgeley, Gloucester, Gloucestershire, GL2 4NF, United Kingdom.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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
20% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Presentation currency
The accounts are presented in £ sterling.
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Victory Green Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
219,382 
Disposals
(1,500)
At 31 March 2023
217,882 
Depreciation
At 1 April 2022
84,703 
Charge for the year
42,984 
At 31 March 2023
127,687 
Net book value
At 31 March 2023
90,195 
At 31 March 2022
134,679 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
2,560,000 
At 31 March 2023
2,560,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
3,067 
6,202 
Other debtors
113 
- 
3,180 
6,202 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,800 
3,800 
Trade creditors
121 
3,603 
Taxes and social security
(7,925)
7,925 
Other creditors
24,691 
14,814 
Loans from directors
21,555 
17,076 
Accruals
32,683 
2,608 
74,925 
49,826 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
258,868 
262,668 
Other creditors
1,692,360 
1,723,023 
1,951,228 
1,985,691 
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Victory Green Limited Notes to the Accounts for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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