2022-10-012023-09-302023-09-30false07392209Victor Charles Property Investments Ltd2024-04-09iso4217:GBPxbrli:pure073922092022-10-01073922092023-09-30073922092022-10-012023-09-30073922092021-10-01073922092022-09-30073922092021-10-012022-09-3007392209bus:SmallEntities2022-10-012023-09-3007392209bus:AuditExempt-NoAccountantsReport2022-10-012023-09-3007392209bus:FullAccounts2022-10-012023-09-3007392209bus:PrivateLimitedCompanyLtd2022-10-012023-09-3007392209core:WithinOneYear2023-09-3007392209core:AfterOneYear2023-09-3007392209core:WithinOneYear2022-09-3007392209core:AfterOneYear2022-09-3007392209core:ShareCapital2023-09-3007392209core:SharePremium2023-09-3007392209core:RevaluationReserve2023-09-3007392209core:OtherReservesSubtotal2023-09-3007392209core:RetainedEarningsAccumulatedLosses2023-09-3007392209core:ShareCapital2022-09-3007392209core:SharePremium2022-09-3007392209core:RevaluationReserve2022-09-3007392209core:OtherReservesSubtotal2022-09-3007392209core:RetainedEarningsAccumulatedLosses2022-09-3007392209core:LandBuildings2023-09-3007392209core:PlantMachinery2023-09-3007392209core:Vehicles2023-09-3007392209core:FurnitureFittings2023-09-3007392209core:OfficeEquipment2023-09-3007392209core:NetGoodwill2023-09-3007392209core:IntangibleAssetsOtherThanGoodwill2023-09-3007392209core:ListedExchangeTraded2023-09-3007392209core:UnlistedNon-exchangeTraded2023-09-3007392209core:LandBuildings2022-09-3007392209core:PlantMachinery2022-09-3007392209core:Vehicles2022-09-3007392209core:FurnitureFittings2022-09-3007392209core:OfficeEquipment2022-09-3007392209core:NetGoodwill2022-09-3007392209core:IntangibleAssetsOtherThanGoodwill2022-09-3007392209core:ListedExchangeTraded2022-09-3007392209core:UnlistedNon-exchangeTraded2022-09-3007392209core:LandBuildings2022-10-012023-09-3007392209core:PlantMachinery2022-10-012023-09-3007392209core:Vehicles2022-10-012023-09-3007392209core:FurnitureFittings2022-10-012023-09-3007392209core:OfficeEquipment2022-10-012023-09-3007392209core:NetGoodwill2022-10-012023-09-3007392209core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3007392209core:ListedExchangeTraded2022-10-012023-09-3007392209core:UnlistedNon-exchangeTraded2022-10-012023-09-3007392209core:MoreThanFiveYears2022-10-012023-09-3007392209core:Non-currentFinancialInstruments2023-09-3007392209core:Non-currentFinancialInstruments2022-09-3007392209dpl:CostSales2022-10-012023-09-3007392209dpl:DistributionCosts2022-10-012023-09-3007392209core:LandBuildings2022-10-012023-09-3007392209core:PlantMachinery2022-10-012023-09-3007392209core:Vehicles2022-10-012023-09-3007392209core:FurnitureFittings2022-10-012023-09-3007392209core:OfficeEquipment2022-10-012023-09-3007392209dpl:AdministrativeExpenses2022-10-012023-09-3007392209core:NetGoodwill2022-10-012023-09-3007392209core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3007392209dpl:GroupUndertakings2022-10-012023-09-3007392209dpl:ParticipatingInterests2022-10-012023-09-3007392209dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-3007392209core:ListedExchangeTraded2022-10-012023-09-3007392209dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-3007392209core:UnlistedNon-exchangeTraded2022-10-012023-09-3007392209dpl:CostSales2021-10-012022-09-3007392209dpl:DistributionCosts2021-10-012022-09-3007392209core:LandBuildings2021-10-012022-09-3007392209core:PlantMachinery2021-10-012022-09-3007392209core:Vehicles2021-10-012022-09-3007392209core:FurnitureFittings2021-10-012022-09-3007392209core:OfficeEquipment2021-10-012022-09-3007392209dpl:AdministrativeExpenses2021-10-012022-09-3007392209core:NetGoodwill2021-10-012022-09-3007392209core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3007392209dpl:GroupUndertakings2021-10-012022-09-3007392209dpl:ParticipatingInterests2021-10-012022-09-3007392209dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3007392209core:ListedExchangeTraded2021-10-012022-09-3007392209dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3007392209core:UnlistedNon-exchangeTraded2021-10-012022-09-3007392209core:NetGoodwill2023-09-3007392209core:IntangibleAssetsOtherThanGoodwill2023-09-3007392209core:LandBuildings2023-09-3007392209core:PlantMachinery2023-09-3007392209core:Vehicles2023-09-3007392209core:FurnitureFittings2023-09-3007392209core:OfficeEquipment2023-09-3007392209core:AfterOneYear2023-09-3007392209core:WithinOneYear2023-09-3007392209core:ListedExchangeTraded2023-09-3007392209core:UnlistedNon-exchangeTraded2023-09-3007392209core:ShareCapital2023-09-3007392209core:SharePremium2023-09-3007392209core:RevaluationReserve2023-09-3007392209core:OtherReservesSubtotal2023-09-3007392209core:RetainedEarningsAccumulatedLosses2023-09-3007392209core:NetGoodwill2022-09-3007392209core:IntangibleAssetsOtherThanGoodwill2022-09-3007392209core:LandBuildings2022-09-3007392209core:PlantMachinery2022-09-3007392209core:Vehicles2022-09-3007392209core:FurnitureFittings2022-09-3007392209core:OfficeEquipment2022-09-3007392209core:AfterOneYear2022-09-3007392209core:WithinOneYear2022-09-3007392209core:ListedExchangeTraded2022-09-3007392209core:UnlistedNon-exchangeTraded2022-09-3007392209core:ShareCapital2022-09-3007392209core:SharePremium2022-09-3007392209core:RevaluationReserve2022-09-3007392209core:OtherReservesSubtotal2022-09-3007392209core:RetainedEarningsAccumulatedLosses2022-09-3007392209core:NetGoodwill2021-10-0107392209core:IntangibleAssetsOtherThanGoodwill2021-10-0107392209core:LandBuildings2021-10-0107392209core:PlantMachinery2021-10-0107392209core:Vehicles2021-10-0107392209core:FurnitureFittings2021-10-0107392209core:OfficeEquipment2021-10-0107392209core:AfterOneYear2021-10-0107392209core:WithinOneYear2021-10-0107392209core:ListedExchangeTraded2021-10-0107392209core:UnlistedNon-exchangeTraded2021-10-0107392209core:ShareCapital2021-10-0107392209core:SharePremium2021-10-0107392209core:RevaluationReserve2021-10-0107392209core:OtherReservesSubtotal2021-10-0107392209core:RetainedEarningsAccumulatedLosses2021-10-0107392209core:AfterOneYear2022-10-012023-09-3007392209core:WithinOneYear2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:CostValuation2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-10-012023-09-3007392209core:Non-currentFinancialInstrumentscore:CostValuation2023-09-3007392209core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-3007392209core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-3007392209core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-3007392209core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-3007392209core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-3007392209core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-3007392209core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-3007392209core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-3007392209core:Non-currentFinancialInstrumentscore:CostValuation2022-09-3007392209core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-3007392209core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-3007392209core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-3007392209core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-3007392209core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-3007392209core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-3007392209core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-3007392209core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-3007392209bus:Director12022-10-012023-09-3007392209bus:Director22022-10-012023-09-30

Victor Charles Property Investments Ltd

Registered Number
07392209
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2023

Victor Charles Property Investments Ltd
Company Information
for the year from 1 October 2022 to 30 September 2023

Directors

James Linton
Juliette Linton

Registered Address

C/O Pollock Accounting
3 - 4 Sentinel Square
London
NW4 2EL

Registered Number

07392209 (England and Wales)
Victor Charles Property Investments Ltd
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets37,695,9996,284,998
Investments41,0001,000
7,696,9996,285,998
Current assets
Debtors238,204
Cash at bank and on hand252,361170,349
252,363208,553
Creditors amounts falling due within one year5(673,096)(213,454)
Net current assets (liabilities)(420,733)(4,901)
Total assets less current liabilities7,276,2666,281,097
Creditors amounts falling due after one year6(4,239,496)(3,649,083)
Provisions for liabilities7(500,823)(405,041)
Net assets2,535,9472,226,973
Capital and reserves
Called up share capital22
Revaluation reserve2,105,1641,732,346
Profit and loss account430,781494,625
Shareholders' funds2,535,9472,226,973
The financial statements were approved and authorised for issue by the Board of Directors on 9 April 2024, and are signed on its behalf by:
James Linton
Director
Registered Company No. 07392209
Victor Charles Property Investments Ltd
Notes to the Financial Statements
for the year ended 30 September 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 October 226,284,9986,284,998
Additions1,129,9111,129,911
Revaluations456,090456,090
Disposals(175,000)(175,000)
At 30 September 237,695,9997,695,999
Net book value
At 30 September 237,695,9997,695,999
At 30 September 226,284,9986,284,998
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 October 221,0001,000
At 30 September 231,0001,000
Net book value
At 30 September 231,0001,000
At 30 September 221,0001,000

Notes

1Other investments other than loans
5.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties194,256194,029
Taxation and social security18,47714,925
Other creditors455,863-
Accrued liabilities and deferred income4,5004,500
Total673,096213,454
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts4,239,4963,649,083
Total4,239,4963,649,083
7.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)500,823405,041
Total500,823405,041