Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 02916725 Mr Daniele Cappelletto Mr Jonathan Fielding Ms Grace Best-Devereux Mr Lukas Foltan Rodliffe Accounting Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02916725 2022-12-31 02916725 2023-12-31 02916725 2023-01-01 2023-12-31 02916725 frs-core:CurrentFinancialInstruments 2023-12-31 02916725 frs-core:ShareCapital 2023-12-31 02916725 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02916725 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 02916725 frs-bus:SmallEntities 2023-01-01 2023-12-31 02916725 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02916725 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02916725 frs-bus:Director1 2023-01-01 2023-12-31 02916725 frs-bus:Director2 2023-01-01 2023-12-31 02916725 frs-bus:Director3 2023-01-01 2023-12-31 02916725 frs-bus:Director4 2023-01-01 2023-12-31 02916725 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 02916725 frs-core:CurrentFinancialInstruments 1 2023-12-31 02916725 frs-countries:EnglandWales 2023-01-01 2023-12-31 02916725 2021-12-31 02916725 2022-12-31 02916725 2022-01-01 2022-12-31 02916725 frs-core:CurrentFinancialInstruments 2022-12-31 02916725 frs-core:ShareCapital 2022-12-31 02916725 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 02916725
Victory Place Management Company Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Rodliffe Accounting Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 02916725
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 155,414 108,629
Investments 5 597,132 -
Cash at bank and in hand 184,114 572,420
936,660 681,049
Creditors: Amounts Falling Due Within One Year 6 (936,513 ) (680,902 )
NET CURRENT ASSETS (LIABILITIES) 147 147
TOTAL ASSETS LESS CURRENT LIABILITIES 147 147
NET ASSETS 147 147
CAPITAL AND RESERVES
Called up share capital 7 147 147
SHAREHOLDERS' FUNDS 147 147
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lukas Foltan
Director
26/02/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Victory Place Management Company Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02916725 . The registered office is Victory Place Management Co. Ltd, 12 Northey Street, London, E14 8BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the service charge for the period. The service charge is measured with reference to the budgeted costs and the reserves funding requirements.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Asset purchases below £1000,00 are expensed in the profit and loss of the relevant accounting period.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2022: 3)
3 3
Page 2
Page 3
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 139,059 108,629
Prepayments and accrued income 14,890 -
Other debtors 1,465 -
155,414 108,629
5. Current Asset Investments
2023 2022
£ £
Listed investments 597,132 -
597,132 -
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 45,412 11,105
Corporation tax 760 203
Other taxes and social security 4,390 3,350
Net wages - 65
Other creditors 333 740
Other provision - current Liability 548,894 346,526
Accruals and deferred income 336,724 318,913
936,513 680,902
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 147 147
8. Reserves
Reserve Funds :
Provision External Decoration
Closing balance for the current year is £250,715.77 ( 2022 : £117,252.74 )
Provision Internal Decoration
Closing balance for the current year is £45,591.22  ( 2022 : £45,591.22 )
Provision Carpets
Closing balance for the current year is £76,531.00 ( 2022 : £76,531.00 )
Provision General Reserve
Closing balance for the current year is £84,319.64  ( 2022 : £84,319.64 )
Provision Lifts
Closing balance for the current year is £87,218.80 ( 2022 : £67,218.80 )
...CONTINUED
Page 3
Page 4
8. Reserves - continued
Page 4