IRIS Accounts Production v24.3.2.46 11304315 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model Ordinary share 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113043152023-04-30113043152024-04-30113043152023-05-012024-04-30113043152022-04-30113043152022-05-012023-04-30113043152023-04-3011304315ns15:EnglandWales2023-05-012024-04-3011304315ns14:PoundSterling2023-05-012024-04-3011304315ns10:Director12023-05-012024-04-3011304315ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011304315ns10:SmallEntities2023-05-012024-04-3011304315ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011304315ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011304315ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011304315ns10:FullAccounts2023-05-012024-04-3011304315ns10:OrdinaryShareClass12023-05-012024-04-3011304315ns10:Director22023-05-012024-04-3011304315ns10:RegisteredOffice2023-05-012024-04-3011304315ns5:CurrentFinancialInstruments2024-04-3011304315ns5:CurrentFinancialInstruments2023-04-3011304315ns5:ShareCapital2024-04-3011304315ns5:ShareCapital2023-04-3011304315ns5:RetainedEarningsAccumulatedLosses2024-04-3011304315ns5:RetainedEarningsAccumulatedLosses2023-04-3011304315ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 11304315 (England and Wales)










Viking Luxury Properties Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Viking Luxury Properties Ltd (Registered number: 11304315)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Viking Luxury Properties Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Simone Alberto Rudich
Mr Daniel Mac Claren Wood





REGISTERED OFFICE: 383 Bury New Road
Prestwich
Manchester
M25 1AW





REGISTERED NUMBER: 11304315 (England and Wales)






Viking Luxury Properties Ltd (Registered number: 11304315)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 5 261,039 246,515

CREDITORS
Amounts falling due within one year 6 (339,321 ) (307,833 )
NET CURRENT LIABILITIES (339,321 ) (307,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(78,282

)

(61,318

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (78,382 ) (61,418 )
SHAREHOLDERS' FUNDS (78,282 ) (61,318 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Mr Simone Alberto Rudich - Director


Viking Luxury Properties Ltd (Registered number: 11304315)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
383 Bury New Road
Prestwich
Manchester
M25 1AW
England

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TANGIBLE ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Fixture and fitting Nil

Viking Luxury Properties Ltd (Registered number: 11304315)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 246,515
Additions 14,524
At 30 April 2024 261,039
NET BOOK VALUE
At 30 April 2024 261,039
At 30 April 2023 246,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 339,321 307,833

Viking Luxury Properties Ltd (Registered number: 11304315)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary share 1 100 100