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COMPANY REGISTRATION NUMBER: 7400647
Victor Noble Associates Limited
Filleted Unaudited Abridged Financial Statements
31 October 2023
Victor Noble Associates Limited
Abridged Statement of Financial Position
31 October 2023
2023
2022
Note
£
£
£
Current assets
Debtors
282,096
282,096
Creditors: amounts falling due within one year
111,177
111,177
---------
---------
Net current assets
170,919
170,919
---------
---------
Total assets less current liabilities
170,919
170,919
---------
---------
Capital and reserves
Called up share capital
10
10
Profit and loss account
170,909
170,909
---------
---------
Shareholders funds
170,919
170,919
---------
---------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 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 abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the board of directors and authorised for issue on 25 July 2024 , and are signed on behalf of the board by:
Mrs C S Jones
Director
Company registration number: 7400647
Victor Noble Associates Limited
Notes to the Abridged Financial Statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Lords Court, Cricketers Way, Basildon, Essex, SS13 1SS.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Related party transactions
The company was under the control of Mrs C Jones throughout the current and previous year. Mrs Jones is the managing director and majority shareholder. During previous years the company has made loans and paid expenses on behalf of other companies in which Mrs Jones has an interest. At the year end the company was owed £282,096 (2022 £282,096) in respect of these loans. No further transactions with related parties were undertaken such as are required to be disclosed.