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REGISTERED NUMBER: 09525957 (England and Wales)












Victoria Works NW Limited

Unaudited Financial Statements

for the Year Ended 31 December 2022






Victoria Works NW Limited (Registered number: 09525957)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Victoria Works NW Limited

Company Information
for the Year Ended 31 December 2022







Director: Miss I Jackson





Secretary: B Lowndes





Registered office: St Georges Gardens
Spinners Way
Castlefield
Manchester
M15 4UZ





Registered number: 09525957 (England and Wales)






Victoria Works NW Limited (Registered number: 09525957)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £   
Current assets
Stocks 3,492,569 3,492,569
Debtors 4 51,330 7,651
Cash at bank and in hand 110 426
3,544,009 3,500,646
Creditors
Amounts falling due within one year 5 4,067,739 3,841,464
Net current liabilities (523,730 ) (340,818 )
Total assets less current liabilities (523,730 ) (340,818 )

Creditors
Amounts falling due after more than one
year

6

33,635

34,627
Net liabilities (557,365 ) (375,445 )

Capital and reserves
Called up share capital 100 100
Retained earnings (557,465 ) (375,545 )
Shareholders' funds (557,365 ) (375,445 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 Works NW Limited (Registered number: 09525957)

Balance Sheet - continued
31 December 2022


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 6 January 2025 and were signed by:





Miss I Jackson - Director


Victoria Works NW Limited (Registered number: 09525957)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. Statutory information

Victoria Works NW 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Expenditure on research and development is written off in the year in which it is incurred.


Victoria Works NW Limited (Registered number: 09525957)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

2. Accounting policies - continued

Revenue recognition
Turnover represents amounts receivable for properties and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Revenue is recognised when the Company has obtained the right to receive consideration in exchange for its performance under contracts for sale. Revenue is recognised on sales of properties when the notice for legal completion is served on the purchaser at the point of completion of the Companies obligation to the purchaser under the contract for sale.

Going concern
The directors have assessed the company’s financial position and identified significant uncertainty regarding its ability to continue as a going concern, as liabilities exceed assets. Despite these financial challenges, the financial statements have been prepared on a going concern basis. If the company is unable to improve its financial situation, adjustments may be required to reflect liquidation values.

3. Employees and directors

The average number of employees during the year was 1 (2021 - 1 ) .

4. Debtors: amounts falling due within one year
31.12.22 31.12.21
£    £   
Trade debtors 435 435
Other debtors 50,895 7,216
51,330 7,651

5. Creditors: amounts falling due within one year
31.12.22 31.12.21
£    £   
Trade creditors 2,989 2,989
Taxation and social security 100 5,825
Other creditors 4,064,650 3,832,650
4,067,739 3,841,464

6. Creditors: amounts falling due after more than one year
31.12.22 31.12.21
£    £   
Other creditors 33,635 34,627

Victoria Works NW Limited (Registered number: 09525957)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. Secured debts

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Loans 1,548,395 1,426,833

The loan is secured by a fixed and floating charge over the assets of the company.