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REGISTERED NUMBER: 11360594 (England and Wales)












REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

VIRTU HOLDINGS LIMITED

VIRTU HOLDINGS LIMITED (REGISTERED NUMBER: 11360594)

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










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


VIRTU HOLDINGS LIMITED

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 Street
Edgware
Middlesex
HA8 7LW





REGISTERED NUMBER: 11360594 (England and Wales)





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

VIRTU HOLDINGS LIMITED (REGISTERED NUMBER: 11360594)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2023


The directors present their report with the financial statements of the company for the year ended 31st March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company is that of a holding company.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st April 2022 to the date of this report.

A J Hart
L A R Paris

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A J Hart - Director


6th November 2023

VIRTU HOLDINGS LIMITED (REGISTERED NUMBER: 11360594)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2023

2023 2022
Notes £    £   

TURNOVER - -

Administrative expenses (2,173 ) (1,813 )
OPERATING LOSS (2,173 ) (1,813 )

Income from fixed asset investments 120,000 120,000
PROFIT BEFORE TAXATION 117,827 118,187

Tax on profit 4 - -
PROFIT FOR THE FINANCIAL YEAR 117,827 118,187

VIRTU HOLDINGS LIMITED (REGISTERED NUMBER: 11360594)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 5 9,186,037 9,186,037

CURRENT ASSETS
Debtors 6 2,237 1,798

CREDITORS
Amounts falling due within one year 7 (1,993 ) (1,800 )
NET CURRENT ASSETS/(LIABILITIES) 244 (2 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,186,281

9,186,035

CAPITAL AND RESERVES
Called up share capital 8 9,186,037 9,186,037
Retained earnings 9 244 (2 )
SHAREHOLDERS' FUNDS 9,186,281 9,186,035

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 in accordance with the provisions applicable to companies subject to the small companies regime.

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 HOLDINGS LIMITED (REGISTERED NUMBER: 11360594)

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


1. STATUTORY INFORMATION

Virtu Holdings Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about Virtu Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Revenue recognition
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instruments.

Financial assets and liabilities are offset, with the net amount presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

VIRTU HOLDINGS LIMITED (REGISTERED NUMBER: 11360594)

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


2. ACCOUNTING POLICIES - continued

Impairment of financial assets
Financial assets, other than those held at fair value are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from group 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 NIL (2022 - NIL).

4. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31st March 2023 nor for the year ended 31st March 2022.

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1st April 2022
and 31st March 2023 9,186,037
NET BOOK VALUE
At 31st March 2023 9,186,037
At 31st March 2022 9,186,037

VIRTU HOLDINGS LIMITED (REGISTERED NUMBER: 11360594)

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 Investments Limited
Registered office: United Kingdom
Nature of business: rental of freehold property
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 8,676,668 8,720,276
Profit for the year 76,392 635,380

Virtu Lettings Limited
Registered office: United Kingdom
Nature of business: Property Investment
%
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 Lettings Limited is a wholly owned subsidiary of the company. The company owns Virtu Lettings Limited through its ownership of 100% of the share capital in Virtu Investments Limited (the immediate parent company of Virtu Lettings Limited).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,237 1,798

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 1,993 1,800

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9,186,037 Ordinary 1 9,186,037 9,186,037

VIRTU HOLDINGS LIMITED (REGISTERED NUMBER: 11360594)

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


9. RESERVES
Retained
earnings
£   

At 1st April 2022 (2 )
Profit for the year 117,827
Dividends (117,581 )
At 31st March 2023 244

10. RELATED PARTY DISCLOSURES

Virtu Investment Ltd

A subsidiary


This is payable on demand.

2023 2022
£    £   
Amount due from related party at the balance sheet date 2,237 1,798

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr A Hart.