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REGISTERED NUMBER: 01301571 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

VIRTU INVESTMENTS LTD

VIRTU INVESTMENTS LTD (REGISTERED NUMBER: 01301571)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 8

VIRTU INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: A J Hart
L A R Paris





SECRETARY: S Hart





REGISTERED OFFICE: Russell House
140 High St
Edgware
Middlesex
HA8 7LW





REGISTERED NUMBER: 01301571 (England and Wales)





ACCOUNTANTS: The Paris Partnership LLP
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW

VIRTU INVESTMENTS LTD (REGISTERED NUMBER: 01301571)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 55,762 1,495,726
Investments 5 1,500,978 100
Investment property 6 5,009,528 3,749,400
6,566,268 5,245,226

CURRENT ASSETS
Debtors 7 2,248,469 2,526,428
Cash at bank 297,101 1,313,330
2,545,570 3,839,758
CREDITORS
Amounts falling due within one year 8 (181,634 ) (150,326 )
NET CURRENT ASSETS 2,363,936 3,689,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,930,204

8,934,658

PROVISIONS FOR LIABILITIES (249,786 ) (214,382 )
NET ASSETS 8,680,418 8,720,276

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 8,680,318 8,720,176
SHAREHOLDERS' FUNDS 8,680,418 8,720,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2023 and were signed on its behalf by:



A J Hart - Director


VIRTU INVESTMENTS LTD (REGISTERED NUMBER: 01301571)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Virtu Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

VIRTU INVESTMENTS LTD (REGISTERED NUMBER: 01301571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

Interest payable
Interest payable is charged to the profit and loss account on an accruals basis.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and where material the changes in fair value are recognised in the Statement of Total Comprehensive Income, except that investments in equity instruments that are not publicly traded and whose fair value cannot be measured reliably are measured at cost less impairment

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the life of the debt instrument to the net carrying amount on initial recognition

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest .

Trade creditors are obligations to pay for goods or services that have been acquired that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

VIRTU INVESTMENTS LTD (REGISTERED NUMBER: 01301571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 1,422,409 187,927 1,610,336
Additions - 1,032 1,032
Disposals (1,422,409 ) - (1,422,409 )
At 31st March 2023 - 188,959 188,959
DEPRECIATION
At 1st April 2022 - 114,610 114,610
Charge for year - 18,587 18,587
At 31st March 2023 - 133,197 133,197
NET BOOK VALUE
At 31st March 2023 - 55,762 55,762
At 31st March 2022 1,422,409 73,317 1,495,726

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1st April 2022 - 100 100
Additions 1,484,713 - 1,484,713
Revaluations 19,735 - 19,735
Impairments (3,570 ) - (3,570 )
At 31st March 2023 1,500,878 100 1,500,978
NET BOOK VALUE
At 31st March 2023 1,500,878 100 1,500,978
At 31st March 2022 - 100 100

Cost or valuation at 31st March 2023 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2023 1,500,878 100 1,500,978

VIRTU INVESTMENTS LTD (REGISTERED NUMBER: 01301571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Virtu Lettings Ltd
Registered office: United Kingdom
Nature of business: Letting and operating of own of leased real estate
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 1,080,020 1,067,094
Profit for the year 12,926 307,916

Virtu Barbados Ltd
Registered office: Barbados
Nature of business: Letting own real estate

The beneficial interest of Virtu Barbados Ltd is held by Virtu Investments Ltd.

Virtu Barbados Ltd holds the property as a bare trustee for Virtu Investments Ltd and deals with all regulatory matters locally.

All expenditure has been recognised in the accounts of Virtu Investments Ltd.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 3,749,400
Additions 1,260,128
At 31st March 2023 5,009,528
NET BOOK VALUE
At 31st March 2023 5,009,528
At 31st March 2022 3,749,400

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2023 5,009,528

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 12,323 3,010
Amounts owed by group undertakings 1,476,206 1,328,736
Other debtors 19,940 454,682
1,508,469 1,786,428

VIRTU INVESTMENTS LTD (REGISTERED NUMBER: 01301571)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


7. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 740,000 740,000

Aggregate amounts 2,248,469 2,526,428

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,975 10,997
Amounts owed to group undertakings 2,237 1,798
Taxation and social security 39,427 43,217
Other creditors 122,995 94,314
181,634 150,326

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1st April 2022 8,720,176
Profit for the year 80,142
Dividends (120,000 )
At 31st March 2023 8,680,318

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Virtu Holdings Limited. The company's registered office address is at Russell House, 140 High Street, Edgware, Middlesex, England, HA8 7LW.

The ultimate controlling party is Mr Andrew Hart.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
VIRTU INVESTMENTS LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Virtu Investments Ltd for the year ended 31st March 2023 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Virtu Investments Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Virtu Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Virtu Investments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Virtu Investments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Virtu Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Virtu Investments Ltd. You consider that Virtu Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Virtu Investments 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 statutory financial statements.






The Paris Partnership LLP
Chartered Accountants
Russell House
140 High Street
Edgware
Middlesex
HA8 7LW


6th November 2023