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REGISTERED NUMBER: 11701461 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

VICTORIA HOUSE INVESTMENTS LIMITED

VICTORIA HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 11701461)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VICTORIA HOUSE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: A C Hancock





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 11701461 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

VICTORIA HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 11701461)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 600,000 600,000
Investment property 5 3,352,469 2,805,423
3,952,469 3,405,423

CURRENT ASSETS
Debtors 6 400 818
Cash at bank 15,350 458,212
15,750 459,030
CREDITORS
Amounts falling due within one year 7 (577,553 ) (784,388 )
NET CURRENT LIABILITIES (561,803 ) (325,358 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,390,666

3,080,065

CREDITORS
Amounts falling due after more than one
year

8

(1,541,865

)

(1,262,260

)

PROVISIONS FOR LIABILITIES (95,722 ) (95,722 )
NET ASSETS 1,753,079 1,722,083

CAPITAL AND RESERVES
Called up share capital 9 170 170
Share premium 599,830 599,830
Fair value reserve 10 287,168 287,168
Retained earnings 865,911 834,915
SHAREHOLDERS' FUNDS 1,753,079 1,722,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 11701461)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2024 and were signed by:





A C Hancock - Director


VICTORIA HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 11701461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Victoria House Investments 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


VICTORIA HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 11701461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2023
and 29 February 2024 600,000
NET BOOK VALUE
At 29 February 2024 600,000
At 28 February 2023 600,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 2,805,423
Additions 547,046
At 29 February 2024 3,352,469
NET BOOK VALUE
At 29 February 2024 3,352,469
At 28 February 2023 2,805,423

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2019 382,890
Cost 2,969,579
3,352,469

VICTORIA HOUSE INVESTMENTS LIMITED (REGISTERED NUMBER: 11701461)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 418
Other debtors 400 400
400 818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 376,250 35,000
Amounts owed to group undertakings 198,948 573,112
Taxation and social security - 17,421
Other creditors 2,355 158,855
577,553 784,388

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,201,865 1,262,260
Other creditors 340,000 -
1,541,865 1,262,260

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,201,865 1,122,260

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
130 Ordinary A £1 130 130
20 Ordinary B £1 20 20
20 Ordinary C £1 20 20
170 170

10. RESERVES
Fair
value
reserve
£   
At 1 March 2023
and 29 February 2024 287,168