Registered number
01698368
Victorygame Limited
Filleted Accounts
31 July 2024
Victorygame Limited
Registered number: 01698368
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 15,815,607 16,491,755
Current assets
Debtors 5 6,035,121 5,506,755
Investments held as current assets 6 338,047 1,230,310
Cash at bank and in hand 3,891,561 2,974,257
10,264,729 9,711,322
Creditors: amounts falling due within one year 7 (5,519,104) (7,094,197)
Net current assets 4,745,625 2,617,125
Total assets less current liabilities 20,561,232 19,108,880
Creditors: amounts falling due after more than one year 8 (1,850,000) (1,931,086)
Provisions for liabilities (505,472) (581,922)
Net assets 18,205,760 16,595,872
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,205,660 16,595,772
Shareholders' funds 18,205,760 16,595,872
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S S Pandher
Director
Approved by the board on 17 March 2025
Victorygame Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investment Property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Exceptional items 2024 2023
£ £
Legal Fees Received 1,782,772 217,317
1,782,772 217,317
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 16,434,813 51,860 59,500 16,546,173
Disposals (660,000) - - (660,000)
At 31 July 2024 15,774,813 51,860 59,500 15,886,173
Depreciation
At 1 August 2023 - 30,618 23,800 54,418
Charge for the year - 4,248 11,900 16,148
At 31 July 2024 - 34,866 35,700 70,566
Net book value
At 31 July 2024 15,774,813 16,994 23,800 15,815,607
At 31 July 2023 16,434,813 21,242 35,700 16,491,755
Freehold land and buildings: 2024 2023
£ £
Historical cost 10,469,819 11,129,819
Cumulative depreciation based on historical cost - -
10,469,819 11,129,819
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 4,991,671 5,057,505
Other debtors 1,043,450 449,250
6,035,121 5,506,755
6 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 338,047 1,230,310
7 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 226,514 1,334,844
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,450,993 4,331,819
Taxation and social security costs 683,643 218,071
Other creditors 1,157,954 1,209,463
5,519,104 7,094,197
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,850,000 1,931,086
9 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 2,076,514 3,265,930
10 Controlling party
The controlling party is Mr S S Pandher and members of his close family, and family Group Undertakings, who control 100% of the issued share capital in the company.
11 Other information
Victorygame Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 7 The Triangle Centre
Uxbridge Road
Southall
Middx.
UB1 3EJ
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