1 February 2023 v2024.50.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP131128922023-02-012024-01-31131128922024-01-31131128922023-01-3113112892core:WithinOneYear2024-01-3113112892core:WithinOneYear2023-01-3113112892core:AfterOneYear2024-01-3113112892core:AfterOneYear2023-01-3113112892core:ShareCapital2024-01-3113112892core:ShareCapital2023-01-3113112892core:RetainedEarningsAccumulatedLosses2024-01-3113112892core:RetainedEarningsAccumulatedLosses2023-01-3113112892bus:Director12023-02-012024-01-3113112892bus:RegisteredOffice2023-02-012024-01-311311289212023-02-012024-01-31131128922022-02-012023-01-3113112892countries:EnglandWales2023-02-012024-01-3113112892bus:AuditExemptWithAccountantsReport2023-02-012024-01-3113112892bus:PrivateLimitedCompanyLtd2023-02-012024-01-3113112892bus:SmallEntities2023-02-012024-01-3113112892bus:AbridgedAccounts2023-02-012024-01-31
Company registration number:
13112892
Viking Properties North West Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 January 2024
Viking Properties North West Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Viking Properties North West Limited
Year ended
31 January 2024
As described on the abridged statement of financial position, the Board of Directors of
Viking Properties North West Limited
are responsible for the preparation of the
abridged financial statements
for the year ended
31 January 2024
, which comprise the abridged income statement, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Drangan Accountancy & & Tax Services Ltd
ACPA
1,
Victoria Square
Cleveleys
Lancashire
FY5 3LU
United Kingdom
Date:
3 October 2024
Viking Properties North West Limited
Abridged Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Tangible assets 5
78,626
 
78,626
 
Current assets    
Debtors
255
 
262
 
Cash at bank and in hand
1,298
 
4,712
 
1,553
 
4,974
 
Creditors: amounts falling due within one year
(32,637
)
(34,435
)
Net current liabilities
(31,084
)
(29,461
)
Total assets less current liabilities 47,542   49,165  
Creditors: amounts falling due after more than one year
(46,939
)
(51,183
)
Net assets/(liabilities)
603
 
(2,018
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
503
 
(2,118
)
Shareholders funds/(deficit)
603
 
(2,018
)
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 and the abridged income statement for the year ended
31 January 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
3 October 2024
, and are signed on behalf of the board by:
M Sutcliffe
Director
Company registration number:
13112892
Viking Properties North West Limited
Notes to the Abridged Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Hollowdene
,
Lancaster Road
,
Out Rawcliffe
,
Lancashire
,
PR3 6BL
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Fixed assets

Tangible assets
£
Cost  
At
1 February 2023
and
31 January 2024
78,626
 
Depreciation  
At
1 February 2023
and
31 January 2024
-  
Carrying amount  
At
31 January 2024
78,626
 
At 31 January 2023
78,626
 

6 Directors' advances, credit and guarantees

Magali Sutcliffe advanced £125 during the period. The balance outstanding at the end of the period was £18,662
Michael Sutcliffe advanced £51 during the period. The balance outsatanding at the end of the period was £13,264