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REGISTERED NUMBER: 10119473 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

VICTORIA & HAMLET LIMITED

VICTORIA & HAMLET LIMITED (REGISTERED NUMBER: 10119473)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VICTORIA & HAMLET LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTOR: Ms A Beguidjanova





REGISTERED OFFICE: 195B Randolph Avenue
London
W9 1DJ





REGISTERED NUMBER: 10119473 (England and Wales)





ACCOUNTANTS: Accura Accountants Ltd
Langley House
Park Road
East Finchley
London
N2 8EY

VICTORIA & HAMLET LIMITED (REGISTERED NUMBER: 10119473)

STATEMENT OF FINANCIAL POSITION
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,992 4,696
Investments 5 100 100
Investment property 6 38,510 38,510
42,602 43,306

CURRENT ASSETS
Stocks 1,217,831 1,217,831
Debtors 7 33,200 33,135
Cash at bank 29,505 2,068
1,280,536 1,253,034
CREDITORS
Amounts falling due within one year 8 1,140,281 696,213
NET CURRENT ASSETS 140,255 556,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,857

600,127

CREDITORS
Amounts falling due after more than one
year

9

213,204

688,528
NET LIABILITIES (30,347 ) (88,401 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (30,447 ) (88,501 )
(30,347 ) (88,401 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

VICTORIA & HAMLET LIMITED (REGISTERED NUMBER: 10119473)

STATEMENT OF FINANCIAL POSITION - continued
30 April 2023


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 director and authorised for issue on 23 November 2023 and were signed by:





Ms A Beguidjanova - Director


VICTORIA & HAMLET LIMITED (REGISTERED NUMBER: 10119473)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Victoria & Hamlet 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.

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.

The financial statements have been prepared on the going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers.The Statement of Financial Position shows net liabilities, the director is of the opinion that the creditors and financiers will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% reducing balance
Computer equipment - 2 years straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

This is a departure from the Companies Act which requires assets to be depreciated. However, in the opinion of the directors, property is held primarily for their investment potential and so fair value is of more significance as a measure of consumption. They therefore have applied a true and fair override with respect to investment properties.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.


VICTORIA & HAMLET LIMITED (REGISTERED NUMBER: 10119473)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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

Rents received is recognised on an accruals basis.

Impairment
A review of indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversals at each reporting date.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 8,883 1,113 9,996
DEPRECIATION
At 1 May 2022 4,188 1,112 5,300
Charge for year 704 - 704
At 30 April 2023 4,892 1,112 6,004
NET BOOK VALUE
At 30 April 2023 3,991 1 3,992
At 30 April 2022 4,695 1 4,696

VICTORIA & HAMLET LIMITED (REGISTERED NUMBER: 10119473)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 100
NET BOOK VALUE
At 30 April 2023 100
At 30 April 2022 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022
and 30 April 2023 38,510
NET BOOK VALUE
At 30 April 2023 38,510
At 30 April 2022 38,510

The investment property has been included at fair value as per the director's valuation.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 33,200 33,135

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 476,199 10,513
Trade creditors 3,955 3,534
Other creditors 660,127 682,166
1,140,281 696,213

The other creditors balance is inclusive of accrued expenses of £1,200 (2022: £1,200).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 213,204 688,528

VICTORIA & HAMLET LIMITED (REGISTERED NUMBER: 10119473)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.23 30.4.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 191,250 659,250

Repayable by instalments
Bank loans more 5 yr by instal 7,894 11,542

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loan 659,250 670,567

The above loan is secured by way of a floating charge on the assets of the company.

11. RELATED PARTY DISCLOSURES

In other creditors is an amount of £658,927 (2022: £680,966) due to the director, and this funding is provided on an interest free basis.