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
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
Victory Chapel International Portsmouth
Statement of financial position
as at 30 September 2024
Tangible assets
5,093
2,870
Cash at bank and in hand
90,509
63,739
Creditors: amounts falling due within one year
(661)
(947)
Net current assets
90,482
62,792
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
Victory Chapel International Portsmouth
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
At 30 September 2024
5,530
1,600
10,427
17,557
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
At 30 September 2024
(1)
1,120
3,974
5,093
At 30 September 2023
1
1,440
1,429
2,870
Victory Chapel International Portsmouth
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
634
-
6
Creditors: amounts falling due within one year
2024
2023
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).