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Registration number: 12825116

Caroline Victoria London Limited

Unaudited Financial Statements

for the Year Ended 31 August 2023

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Caroline Victoria London Limited

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 4

 

Caroline Victoria London Limited

Company Information

Director

F C Leach

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Caroline Victoria London Limited

Statement of Financial Position as at 31 August 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

4,492

2,874

Cash at bank and in hand

 

58,231

30

 

62,723

2,904

Creditors: Amounts falling due within one year

5

(29,671)

(37,918)

Net assets/(liabilities)

 

33,052

(35,014)

Capital and reserves

 

Retained earnings

33,052

(35,014)

Shareholders' funds/(deficit)

 

33,052

(35,014)

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 10 April 2024
 

.........................................

F C Leach

Director

Company registration number: 12825116

 

Caroline Victoria London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of property market consultancy.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a profit for the year ended 31 August 2023 and had net assets at that date amounting to £33,052 including cash at bank of £58,231.

The director has considered the potential effect of the current economic outlook and the effect on the housing market and the director's view is that these will have no material effect on the company.

After making enquiries, the director believes that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director considers it appropriate to continue to adopt the going concern basis in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for property market consultancy
services rendered.
Turnover is shown net of value added tax, returns, rebates and discounts.

Revenue from consultancy fees, which are contingent upon the successful purchase of a property, are recognised upon completion of that property sale.

Revenue from consultancy fees, which are not contingent upon the successful purchase of a property, are recognised based upon the contractual stage of completion.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Caroline Victoria London Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company during the year was 1 (2022 - 0).

4

Debtors

2023
£

2022
£

Trade debtors

-

1,600

Other debtors

4,492

1,274

4,492

2,874

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

-

2,550

Taxation and social security

23,199

-

Other creditors

6,472

35,368

29,671

37,918

6

Transactions with Directors

At 31 August 2023 an amount of £4,492 (2022: £Nil) was due from the director. During the year advances of £4,492 were made. No interest was charged and there are no agreed terms.