REGISTERED NUMBER: |
Abridged Unaudited Financial Statements for the Year Ended 30 April 2023 |
for |
Victor Investments & Securities Ltd |
REGISTERED NUMBER: |
Abridged Unaudited Financial Statements for the Year Ended 30 April 2023 |
for |
Victor Investments & Securities Ltd |
Victor Investments & Securities Ltd (Registered number: 01584278) |
Contents of the Financial Statements |
for the Year Ended 30 April 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Victor Investments & Securities Ltd |
Company Information |
for the Year Ended 30 April 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants and Business Advisors |
West Hill House |
Allerton Hill |
Chapel Allerton |
Leeds |
West Yorkshire |
LS7 3QB |
Victor Investments & Securities Ltd (Registered number: 01584278) |
Abridged Balance Sheet |
30 April 2023 |
30.4.23 | 30.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
Victor Investments & Securities Ltd (Registered number: 01584278) |
Abridged Balance Sheet - continued |
30 April 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Victor Investments & Securities Ltd (Registered number: 01584278) |
Notes to the Financial Statements |
for the Year Ended 30 April 2023 |
1. | STATUTORY INFORMATION |
Victor Investments & Securities Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover comprises the value of rents charged exclusive of value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Investment property |
Certain of the company's properties are held for long term investment. Investment properties are accounted for as follows: |
No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is recognised in the Statement of Comprehensive Income, and is then transferred to the revaluation reserve. |
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. |
Listed investments |
Listed investments are valued at mid-market prices at each financial year end. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Victor Investments & Securities Ltd (Registered number: 01584278) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 May 2022 |
Additions |
At 30 April 2023 |
DEPRECIATION |
At 1 May 2022 |
Charge for year |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
5. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 May 2022 | 1,181,610 |
Additions | 644,909 |
Disposals | (390,274 | ) |
Share of profit/(loss) | (121,622 | ) |
At 30 April 2023 | 1,314,623 |
NET BOOK VALUE |
At 30 April 2023 | 1,314,623 |
At 30 April 2022 | 1,181,610 |
6. | INVESTMENT PROPERTY |
Land and buildings are shown at the directors valuations. |
Please note that the valuation shown below at 2008 is the accumulation of valuations to that date and all valuations are net of properties subsequently disposed of. |
Victor Investments & Securities Ltd (Registered number: 01584278) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
6. | INVESTMENT PROPERTY - continued |
Fair value at 30 April 2023 is represented by: |
£ |
Valuation in 2009 | 87,490 |
Valuation in 2010 | 38,552 |
Valuation in 2011 | (33,250 | ) |
Valuation in 2013 | 232,811 |
Valuation in 2014 | 92,178 |
Valuation in 2017 | 116,761 |
Valuation in 2018 | 200,687 |
Valuation in 2019 | 3,455 |
Valuation in 2021 | (116,300 | ) |
Valuation in 2022 | (270,000 | ) |
Cost | 6,777,616 |
7,130,000 |
If investment properties had not been revalued they would have been included at the following historical cost: |
30.4.23 | 30.4.22 |
£ | £ |
Cost | 6,777,616 | 6,777,616 |
Investment properties were valued on an open market basis on 30 April 2023 by the directors . |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
30.4.23 | 30.4.22 |
£ | £ |
Repayable otherwise than by instalments |
Bank loans due > 5 years |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30.4.23 | 30.4.22 |
£ | £ |
Bank loans |
9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 May 2022 |
Revaluation reserve transfer | (8,355 | ) |
At 30 April 2023 |
Victor Investments & Securities Ltd (Registered number: 01584278) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2023 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022: |
30.4.23 | 30.4.22 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |