Silverfin false false 30/09/2024 01/10/2023 30/09/2024 V Chandler 13/01/2021 E Gordon 01/07/2021 D Harris 01/07/2021 23 June 2025 The principle activity of the company continued to be that of an investment company. 13132746 2024-09-30 13132746 bus:Director1 2024-09-30 13132746 bus:Director2 2024-09-30 13132746 bus:Director3 2024-09-30 13132746 2023-09-30 13132746 core:CurrentFinancialInstruments 2024-09-30 13132746 core:CurrentFinancialInstruments 2023-09-30 13132746 core:ShareCapital 2024-09-30 13132746 core:ShareCapital 2023-09-30 13132746 core:RetainedEarningsAccumulatedLosses 2024-09-30 13132746 core:RetainedEarningsAccumulatedLosses 2023-09-30 13132746 core:CostValuation 2023-09-30 13132746 core:CostValuation 2024-09-30 13132746 bus:OrdinaryShareClass1 2024-09-30 13132746 core:KeyManagementPersonnel 2024-09-30 13132746 core:KeyManagementPersonnel 2023-09-30 13132746 2023-10-01 2024-09-30 13132746 bus:FilletedAccounts 2023-10-01 2024-09-30 13132746 bus:SmallEntities 2023-10-01 2024-09-30 13132746 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 13132746 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 13132746 bus:Director1 2023-10-01 2024-09-30 13132746 bus:Director2 2023-10-01 2024-09-30 13132746 bus:Director3 2023-10-01 2024-09-30 13132746 2022-10-01 2023-09-30 13132746 core:Subsidiary1 2023-10-01 2024-09-30 13132746 core:Subsidiary1 1 2023-10-01 2024-09-30 13132746 core:Subsidiary1 1 2022-10-01 2023-09-30 13132746 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 13132746 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 13132746 (England and Wales)

VICTOR CHANDLER GROUP LTD

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

VICTOR CHANDLER GROUP LTD

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

VICTOR CHANDLER GROUP LTD

STATEMENT OF FINANCIAL POSITION

As at 30 September 2024
VICTOR CHANDLER GROUP LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 1,139,224 1,139,224
1,139,224 1,139,224
Current assets
Debtors 4 865,785 896,185
Cash at bank and in hand 5 244,549 272,860
1,110,334 1,169,045
Creditors: amounts falling due within one year 6 ( 141,864) ( 99,667)
Net current assets 968,470 1,069,378
Total assets less current liabilities 2,107,694 2,208,602
Net assets 2,107,694 2,208,602
Capital and reserves
Called-up share capital 7 100,000 100,000
Profit and loss account 2,007,694 2,108,602
Total shareholders' funds 2,107,694 2,208,602

For the financial 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.

Directors' responsibilities:

The financial statements of Victor Chandler Group Ltd (registered number: 13132746) were approved and authorised for issue by the Board of Directors on 23 June 2025. They were signed on its behalf by:

E Gordon
Director
VICTOR CHANDLER GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
VICTOR CHANDLER GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Victor Chandler Group Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Leman Street, London, E1W 9US, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Fixed asset investments

Interests in subsidiaries and other investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's #tErmh1 when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Fixed asset investments

2024 2023
£ £
Subsidiary undertakings 1,000 1,000
Other investments and loans 1,138,224 1,138,224
1,139,224 1,139,224

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 1,000
At 30 September 2024 1,000
Carrying value at 30 September 2024 1,000
Carrying value at 30 September 2023 1,000

Other investments Total
£ £
Cost or valuation before impairment
At 01 October 2023 1,138,224 1,138,224
At 30 September 2024 1,138,224 1,138,224
Carrying value at 30 September 2024 1,138,224 1,138,224
Carrying value at 30 September 2023 1,138,224 1,138,224

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.09.2024
Ownership
30.09.2023
Held
Linhope Ltd 2 Leman Street, London E1W 9US Investment company Ordinary 100.00% 100.00% Direct

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings (note 8) 857,487 557,705
Other debtors 8,298 338,480
865,785 896,185

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 244,549 272,860

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 4,800 4,800
Other creditors 137,064 94,867
141,864 99,667

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 1.00 each 100,000 100,000

8. Related party transactions

During the year the company entered into the following transactions with related parties:

Transactions with related parties or connected persons

Amounts owed by related parties

2024 2023
£ £
Entities with control, joint control or significant influence over the company 857,487 557,705

Amounts owed to related parties

2024 2023
£ £
Entities with control, joint control or significant influence over the company 94,739 94,867

Transactions with the entity’s directors (or members of its governing body)

Amounts owed by directors

2024 2023
£ £
Directors' current accounts (debtors only) 0 333,077