IRIS Accounts Production v24.1.4.33 11067647 director 1.12.22 30.11.23 30.11.23 0 0 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110676472022-11-30110676472023-11-30110676472022-12-012023-11-30110676472021-11-30110676472021-12-012022-11-30110676472022-11-3011067647ns15:EnglandWales2022-12-012023-11-3011067647ns14:PoundSterling2022-12-012023-11-3011067647ns10:Director12022-12-012023-11-3011067647ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011067647ns10:SmallEntities2022-12-012023-11-3011067647ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011067647ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011067647ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011067647ns10:FullAccounts2022-12-012023-11-301106764712022-12-012023-11-3011067647ns10:OrdinaryShareClass12022-12-012023-11-3011067647ns10:RegisteredOffice2022-12-012023-11-3011067647ns5:CurrentFinancialInstruments2023-11-3011067647ns5:CurrentFinancialInstruments2022-11-3011067647ns5:ShareCapital2023-11-3011067647ns5:ShareCapital2022-11-3011067647ns5:RetainedEarningsAccumulatedLosses2023-11-3011067647ns5:RetainedEarningsAccumulatedLosses2022-11-3011067647ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3011067647ns5:ComputerSoftware2022-12-012023-11-3011067647ns5:ComputerEquipment2022-12-012023-11-3011067647ns5:IntangibleAssetsOtherThanGoodwill2022-11-3011067647ns5:IntangibleAssetsOtherThanGoodwill2023-11-3011067647ns5:IntangibleAssetsOtherThanGoodwill2022-11-3011067647ns5:ComputerEquipment2022-11-3011067647ns5:ComputerEquipment2023-11-3011067647ns5:ComputerEquipment2022-11-3011067647ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3011067647ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3011067647ns10:OrdinaryShareClass12023-11-3011067647ns5:RetainedEarningsAccumulatedLosses2022-11-3011067647ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 11067647 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Victoria App Ltd

Victoria App Ltd (Registered number: 11067647)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Victoria App Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Miss S H Cheng





REGISTERED OFFICE: Unit 3, Cedar Court
1 Royal Oak Yard
London
SE1 3GA





REGISTERED NUMBER: 11067647 (England and Wales)





ACCOUNTANTS: ElanTax.com
Unit 3 Cedar Court
1 Royal Oak Yard
London
SE1 3GA

Victoria App Ltd (Registered number: 11067647)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 545,124 813,342
Tangible assets 5 3,304 1,303
548,428 814,645

CURRENT ASSETS
Debtors 6 5,343 21,420
Cash at bank 6,504 137,858
11,847 159,278
CREDITORS
Amounts falling due within one year 7 2,695,753 2,678,436
NET CURRENT LIABILITIES (2,683,906 ) (2,519,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,135,478

)

(1,704,513

)

PROVISIONS FOR LIABILITIES 104,201 154,783
NET LIABILITIES (2,239,679 ) (1,859,296 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (2,239,680 ) (1,859,297 )
SHAREHOLDERS' FUNDS (2,239,679 ) (1,859,296 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Victoria App Ltd (Registered number: 11067647)

Balance Sheet - continued
30 November 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Miss S H Cheng - Director


Victoria App Ltd (Registered number: 11067647)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Victoria App 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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.

Research and development
In accordance with statement of standard accounting practice 13, to capitalise the company's project development activity to the extent that its recovery can be reasonably regarded as assured by capitalising the cost as an intangible fixed asset and amortizing it over its estimated useful life of 5 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Victoria App Ltd (Registered number: 11067647)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022 1,525,255
Additions 46,042
At 30 November 2023 1,571,297
AMORTISATION
At 1 December 2022 711,913
Charge for year 314,260
At 30 November 2023 1,026,173
NET BOOK VALUE
At 30 November 2023 545,124
At 30 November 2022 813,342

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022 2,222
Additions 3,650
At 30 November 2023 5,872
DEPRECIATION
At 1 December 2022 919
Charge for year 1,649
At 30 November 2023 2,568
NET BOOK VALUE
At 30 November 2023 3,304
At 30 November 2022 1,303

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Amounts owed by group undertakings 133 -
VAT 2,887 19,180
Prepayments 2,323 2,240
5,343 21,420

Victoria App Ltd (Registered number: 11067647)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 17 17
Trade creditors 29,532 44,126
Directors' current accounts 2,664,404 2,632,793
Accrued expenses 1,800 1,500
2,695,753 2,678,436

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 17 17

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1 Ordinary 1 1 1

10. RESERVES
Retained
earnings
£   

At 1 December 2022 (1,859,297 )
Deficit for the year (380,383 )
At 30 November 2023 (2,239,680 )