Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11145713 2023-10-01 2024-09-30 11145713 2022-10-01 2023-09-30 11145713 2024-09-30 11145713 2023-09-30 11145713 c:Director1 2023-10-01 2024-09-30 11145713 d:OfficeEquipment 2023-10-01 2024-09-30 11145713 d:OfficeEquipment 2024-09-30 11145713 d:OfficeEquipment 2023-09-30 11145713 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11145713 d:CurrentFinancialInstruments 2024-09-30 11145713 d:CurrentFinancialInstruments 2023-09-30 11145713 d:Non-currentFinancialInstruments 2024-09-30 11145713 d:Non-currentFinancialInstruments 2023-09-30 11145713 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 11145713 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11145713 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 11145713 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 11145713 d:ShareCapital 2024-09-30 11145713 d:ShareCapital 2023-09-30 11145713 d:RetainedEarningsAccumulatedLosses 2024-09-30 11145713 d:RetainedEarningsAccumulatedLosses 2023-09-30 11145713 c:FRS102 2023-10-01 2024-09-30 11145713 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11145713 c:FullAccounts 2023-10-01 2024-09-30 11145713 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11145713 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 11145713









Victor (HQ) Ltd







Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
Victor (HQ) Ltd
Registered number: 11145713

Statement of Financial Position
As at 30 September 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
416

Current assets
  

Stocks
 5 
1,221,962
1,221,962

Debtors: amounts falling due within one year
 6 
292,958
379,710

Cash at bank and in hand
  
10,995
15,395

  
1,525,915
1,617,067

Creditors: amounts falling due within one year
 7 
(1,024,804)
(1,686,194)

Net current assets/(liabilities)
  
 
 
501,111
 
 
(69,127)

Creditors: amounts falling due after more than one year
 8 
(610,049)
-

Net liabilities
  
(108,938)
(68,711)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(108,942)
(68,715)

  
(108,938)
(68,711)


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 3 to 6 form part of these financial statements.
Page 1

 
Victor (HQ) Ltd
Registered number: 11145713
    
Statement of Financial Position (continued)
As at 30 September 2024


Page 2

 
Victor (HQ) Ltd
 
 
 
Notes to the Financial Statements
For the year ended 30 September 2024

1.


General information

Victor (HQ) Ltd is a private company limited by share capital incorporated in England, registered number 11145713. The address of the registered office is 6 Oldfield Road, Salford, Greater Manchester, England, M5 4WD.

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

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
Victor (HQ) Ltd
 
 
 
Notes to the Financial Statements
For the year ended 30 September 2024

2.Accounting policies (continued)

 
2.5

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).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 October 2023
1,676



At 30 September 2024

1,676



Depreciation


At 1 October 2023
1,260


Charge for the year on owned assets
416



At 30 September 2024

1,676



Net book value



At 30 September 2024
-



At 30 September 2023
416

Page 4

 
Victor (HQ) Ltd
 
 
 
Notes to the Financial Statements
For the year ended 30 September 2024

5.


Stocks

2024
2023
£
£

Work in progress
1,221,962
1,221,962



6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
290,044
377,010

Other debtors
-
2,696

Called up share capital not paid
4
4

Prepayments and accrued income
2,910
-

292,958
379,710



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
15,610
634,391

Other loans
280,000
280,000

Trade creditors
9,014
13,233

Amounts owed to group undertakings
207,754
219,997

Amounts owed to associates
503,805
523,256

Other taxation and social security
2,496
-

Accruals and deferred income
6,125
15,317

1,024,804
1,686,194


Bank loans are secured by fixed and floating charges over the work in progress of the company.
The terms of the bank loan were renegotiated in December 2023, with the new terms agreed upon including an extension of the termination period to December 2033.
Other loans are secured by a fixed charge over the work in progress of certain group companies. 
Amounts owed to associates and group undertakings are repayable on demand.

Page 5

 
Victor (HQ) Ltd
 
 
 
Notes to the Financial Statements
For the year ended 30 September 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
610,049
-


Secured loans
Bank loans are secured by a fixed and floating charge over the work in progress of the company.

 
Page 6