Caseware UK (AP4) 2023.0.135 2023.0.135 42023-10-01falseNo description of principal activity4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09637401 2023-10-01 2024-09-30 09637401 2022-10-01 2023-09-30 09637401 2024-09-30 09637401 2023-09-30 09637401 c:Director1 2023-10-01 2024-09-30 09637401 d:CurrentFinancialInstruments 2024-09-30 09637401 d:CurrentFinancialInstruments 2023-09-30 09637401 d:Non-currentFinancialInstruments 2024-09-30 09637401 d:Non-currentFinancialInstruments 2023-09-30 09637401 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 09637401 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 09637401 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 09637401 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 09637401 d:ShareCapital 2024-09-30 09637401 d:ShareCapital 2023-09-30 09637401 d:RetainedEarningsAccumulatedLosses 2024-09-30 09637401 d:RetainedEarningsAccumulatedLosses 2023-09-30 09637401 c:FRS102 2023-10-01 2024-09-30 09637401 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 09637401 c:FullAccounts 2023-10-01 2024-09-30 09637401 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09637401 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 09637401









Victor (U.K.) Limited







Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
Victor (U.K.) Limited
Registered number: 09637401

Statement of Financial Position
As at 30 September 2024

2024
2023
Note
£
£

Current assets
  

Stocks
 4 
927,923
927,923

Debtors: amounts falling due within one year
 5 
208,478
652,691

Cash at bank and in hand
  
11,299
10,804

  
1,147,700
1,591,418

Creditors: amounts falling due within one year
 6 
(1,320,506)
(23,118)

Net current (liabilities)/assets
  
 
 
(172,806)
 
 
1,568,300

Creditors: amounts falling due after more than one year
 7 
(7,418)
(1,769,967)

Net liabilities
  
(180,224)
(201,667)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(180,228)
(201,671)

  
(180,224)
(201,667)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M T Purcell
Director

Date: 17 February 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
Victor (U.K.) Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 September 2024

1.


General information

Victor (U.K.) Limited is a private company limited by share capital incorporated in England, registered number 09637401. The address of the registered office is 6 Oldfield Road, Salford, Manchester, M5 4WB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is reliant on the continuing support of the directors and certain related parties, who have confirmed that they will continue to support the company for the foreseeable future. The accounts have therefore been prepared on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Revenue derived from the sale of speculative developments is recognised upon the transfer of risks and rewards of ownership to the buyer, when there is an exchange of unconditional contracts.
Rental income is recognised in the period this falls due.

 
2.4

Stocks

Stock of land for development is included at the lower of acquisition cost or net realisable value. Net realisable value for this purpose is the estimated selling value less estimated selling costs.
Work in progress is valued at cost or net realisable value, whichever is the lower. Cost for this purpose includes all direct costs such as direct labour and materials, work done by subcontractors, hire of plant and equipment, and all overheads except those relating to administration. Net realisable value for this purpose is estimated selling values less cost to completion including selling costs.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 2

 
Victor (U.K.) Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 September 2024

4.


Stocks

2024
2023
£
£

Work in progress
927,923
927,923


A fixed charge exists over the work in progress of the company in respect of other loans taken by group companies.


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
208,012
651,735

Other debtors
88
203

Called up share capital not paid
4
4

Prepayments and accrued income
374
749

208,478
652,691



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
6,000
6,000

Trade creditors
939
216

Amounts owed to associates
1,300,385
-

Other creditors
11,682
11,682

Accruals and deferred income
1,500
5,220

1,320,506
23,118


The bank loan relates to a Government secured loan obtained under the Bounce Back Loan Scheme (BBLS).
Amounts owed to associates are repayable on demand.

Page 3

 
Victor (U.K.) Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 September 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
7,418
13,298

Amounts owed to associates
-
1,756,669

7,418
1,769,967


The bank loan relates to a Government secured loan obtained under the Bounce Back Loan Scheme (BBLS). 

 
Page 4