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REGISTERED NUMBER: 04987673 (England and Wales)









VICTORY MACHINE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






VICTORY MACHINE HOLDINGS LIMITED (REGISTERED NUMBER: 04987673)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VICTORY MACHINE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R B L Blackburn
Mrs D A Blackburn





SECRETARY: Mrs D A Blackburn





REGISTERED OFFICE: 3a Wingate Road
Gosport
Hampshire
PO12 4DR





REGISTERED NUMBER: 04987673 (England and Wales)





ACCOUNTANTS: Morris Crocker
Chartered Accountants
Station House
North Street
Havant
Hampshire
PO9 1QU

VICTORY MACHINE HOLDINGS LIMITED (REGISTERED NUMBER: 04987673)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176,990 180,165
Investments 5 16,636 16,636
193,626 196,801

CURRENT ASSETS
Debtors 6 126,772 141,614
Cash at bank 452,365 357,233
579,137 498,847
CREDITORS
Amounts falling due within one year 7 69,986 22,925
NET CURRENT ASSETS 509,151 475,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

702,777

672,723

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 702,577 672,523
SHAREHOLDERS' FUNDS 702,777 672,723

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





R B L Blackburn - Director


VICTORY MACHINE HOLDINGS LIMITED (REGISTERED NUMBER: 04987673)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Victory Machine Holdings Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties and investments in non-puttable ordinary shares.

Trade and other debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment

Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, deposits with banks and other short-term highly liquid investments and bank overdrafts. In the balance sheet, bank overdrafts are shown within borrowings or current liabilities.

Trade and other creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

Deferred tax
Deferred tax is recognised in respect of all timing differences at the balance sheet date, except as otherwise required in the paragraphs below.

Unrelieved 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 shall not be recognised on permanent differences, other than a business combination where assets (other than goodwill) give rise to an deferred tax asset or liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

VICTORY MACHINE HOLDINGS LIMITED (REGISTERED NUMBER: 04987673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2023
and 31 March 2024 208,738
DEPRECIATION
At 1 April 2023 28,573
Charge for year 3,175
At 31 March 2024 31,748
NET BOOK VALUE
At 31 March 2024 176,990
At 31 March 2023 180,165

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 April 2023
and 31 March 2024 16,636
NET BOOK VALUE
At 31 March 2024 16,636
At 31 March 2023 16,636

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 11,249
Other debtors 126,772 130,365
126,772 141,614

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 60,945 -
Taxation and social security 7,743 21,656
Other creditors 1,298 1,269
69,986 22,925

VICTORY MACHINE HOLDINGS LIMITED (REGISTERED NUMBER: 04987673)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R B L Blackburn and Mrs D A Blackburn
Balance outstanding at start of year 109,050 66,962
Amounts advanced 84,500 132,712
Amounts repaid (90,624 ) (90,624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 102,926 109,050