Caseware UK (AP4) 2023.0.135 2023.0.135 No description of principal activity2023-10-01false44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11048628 2023-10-01 2024-09-30 11048628 2022-10-01 2023-09-30 11048628 2024-09-30 11048628 2023-09-30 11048628 c:Director1 2023-10-01 2024-09-30 11048628 d:CurrentFinancialInstruments 2024-09-30 11048628 d:CurrentFinancialInstruments 2023-09-30 11048628 d:Non-currentFinancialInstruments 2024-09-30 11048628 d:Non-currentFinancialInstruments 2023-09-30 11048628 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 11048628 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11048628 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 11048628 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 11048628 d:ShareCapital 2024-09-30 11048628 d:ShareCapital 2023-09-30 11048628 d:RetainedEarningsAccumulatedLosses 2024-09-30 11048628 d:RetainedEarningsAccumulatedLosses 2023-09-30 11048628 c:FRS102 2023-10-01 2024-09-30 11048628 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11048628 c:FullAccounts 2023-10-01 2024-09-30 11048628 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11048628 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 11048628









Victor (M1) Limited







Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 September 2024

 
Victor (M1) Limited
Registered number: 11048628

Statement of Financial Position
As at 30 September 2024

2024
2023
Note
£
£

Current assets
  

Stocks
 4 
421,689
385,023

Debtors: amounts falling due within one year
 5 
1
1

  
421,690
385,024

Creditors: amounts falling due within one year
 6 
(290,044)
(377,010)

Net current assets
  
131,646
8,014

Creditors: amounts falling due after more than one year
 7 
(125,000)
-

Net assets
  
6,646
8,014


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
6,645
8,013

  
6,646
8,014


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 comprehensive income 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 3 form part of these financial statements.

Page 1

 
Victor (M1) Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 September 2024

1.


General information

Victor (M1) Limited is a private company limited by share capital incorporated in England, registered number 11048628. The address of the registered office is 6 Oldfield Road, Salford, Manchester, 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 continued 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

Stocks

Stocks 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.


Stocks

2024
2023
£
£

Work in progress
421,689
385,023


Page 2

 
Victor (M1) Limited
 
 
 
Notes to the Financial Statements
For the year ended 30 September 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
1
1



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
290,044
377,010


Amounts owed to group undertakings are repayable on demand.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to associates
125,000
-


The amounts owed to associates is secured by way of a legal charge over the company's work in progress.

 
Page 3