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Company Registration No. 10364514 (England and Wales)
Victory Chapel International Portsmouth Unaudited accounts for the year ended 30 September 2024
Victory Chapel International Portsmouth Unaudited accounts Contents
Page
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Victory Chapel International Portsmouth Company Information for the year ended 30 September 2024
Directors
Samson Oluwasina Abioye Felicia Olayinka Ige Olubisi Adekunle Ige Olawale Stephen Iyanda
Secretary
Oluchi Josephine Emesowum
Company Number
10364514 (England and Wales)
Registered Office
Blythe Valley Park Central Boulevard Shirley Solihull West Midlands B90 8AG England
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Victory Chapel International Portsmouth Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,093 
2,870 
Current assets
Debtors
634 
- 
Cash at bank and in hand
90,509 
63,739 
91,143 
63,739 
Creditors: amounts falling due within one year
(661)
(947)
Net current assets
90,482 
62,792 
Net assets
95,575 
65,662 
Reserves
Profit and loss account
95,575 
65,662 
Members' funds
95,575 
65,662 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 March 2025 and were signed on its behalf by
Samson Oluwasina Abioye Director Company Registration No. 10364514
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Victory Chapel International Portsmouth Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Victory Chapel International Portsmouth is a private company, limited by guarantee, registered in England and Wales, registration number 10364514. The registered office is Blythe Valley Park, Central Boulevard, Shirley, Solihull, West Midlands, B90 8AG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2%
Plant & machinery
20%
Motor vehicles
25%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
5,530 
1,600 
6,417 
13,547 
Additions
- 
- 
4,010 
4,010 
At 30 September 2024
5,530 
1,600 
10,427 
17,557 
Depreciation
At 1 October 2023
5,529 
160 
4,988 
10,677 
Charge for the year
2 
320 
1,465 
1,787 
At 30 September 2024
5,531 
480 
6,453 
12,464 
Net book value
At 30 September 2024
(1)
1,120 
3,974 
5,093 
At 30 September 2023
1 
1,440 
1,429 
2,870 
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Victory Chapel International Portsmouth Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
634 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
661 
947 
7
Company limited by guarantee
The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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