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REGISTERED NUMBER: 01584278 (England and Wales)















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: R Linton
J M Linton





SECRETARY: R Linton





REGISTERED OFFICE: 18 Sandmoor Drive
Leeds
LS17 7DG





REGISTERED NUMBER: 01584278 (England and Wales)





ACCOUNTANTS: Malcolm Jones & Co LLP
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 1,794 1,500
Investments 5 1,314,623 1,181,610
Investment property 6 7,130,000 7,130,000
8,446,417 8,313,110

CURRENT ASSETS
Debtors 190,628 204,159
Cash at bank and in hand 110,978 141,639
301,606 345,798
CREDITORS
Amounts falling due within one year 245,706 294,287
NET CURRENT ASSETS 55,900 51,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,502,317

8,364,621

CREDITORS
Amounts falling due after more than one
year

7

(4,586,880

)

(4,586,880

)

PROVISIONS FOR LIABILITIES (34,811 ) (26,456 )
NET ASSETS 3,880,626 3,751,285

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 317,573 325,928
Retained earnings 3,562,053 3,424,357
SHAREHOLDERS' FUNDS 3,880,626 3,751,285

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 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


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 January 2024 and were signed on its behalf by:





R Linton - Director


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 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the value of rents charged exclusive of value added tax.

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

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 3 (2022 - 3 ) .

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 2,446
Additions 929
At 30 April 2023 3,375
DEPRECIATION
At 1 May 2022 946
Charge for year 635
At 30 April 2023 1,581
NET BOOK VALUE
At 30 April 2023 1,794
At 30 April 2022 1,500

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 - 3,136,980

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 3,136,980 3,136,980

9. RESERVES
Revaluation
reserve
£   
At 1 May 2022 325,928
Revaluation reserve transfer (8,355 )

At 30 April 2023 317,573

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
£    £   
R Linton
Balance outstanding at start of year 48,244 -
Amounts advanced - 48,244
Amounts repaid (1,689 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,555 48,244

J M Linton
Balance outstanding at start of year 48,243 -
Amounts advanced - 48,243
Amounts repaid (1,688 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,555 48,243