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REGISTERED NUMBER: 06003473 (England and Wales)

VICTORIA PARK CARS LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2024

VICTORIA PARK CARS LIMITED (REGISTERED NUMBER: 06003473)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

VICTORIA PARK CARS LIMITED

Company Information

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | A R Marshall

| P G Marshall

| REGISTERED OFFICE: | Hadfield Road

| CARDIFF

| County of Cardiff

| CF11 8AQ

| REGISTERED NUMBER: | 06003473 (England and Wales)

| ACCOUNTANTS: | MHA (trading name of MHA Advisory Ltd)

| Elfed House

| Oak Tree Court

| Cardiff Gate Business Park

| CARDIFF

| County of Cardiff

| CF23 8RS

VICTORIA PARK CARS LIMITED (REGISTERED NUMBER: 06003473)

Balance Sheet

31 DECEMBER 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Investments | 4 | 2,500,000 |  | 2,500,000 |  |

CURRENT ASSETS

Cash at bank | 1,999 |  | 1,999 |  |

CREDITORS

Amounts falling due within one year | 5 | (1,720,521 | ) | (1,720,521 | ) |

NET CURRENT LIABILITIES | (1,718,522 | ) | (1,718,522 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 781,478 |  | 781,478 |  |

CAPITAL AND RESERVES

Called up share capital | 2,160 |  | 2,160 |  |

Capital redemption reserve | 20 |  | 20 |  |

Retained earnings | 779,298 |  | 779,298 |  |

SHAREHOLDERS' FUNDS | 781,478 |  | 781,478 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

P G Marshall - Director

VICTORIA PARK CARS LIMITED (REGISTERED NUMBER: 06003473)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Victoria Park Cars Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The principal activity of the company is that of a holding company. The financial statements are presented in Sterling (£), the company's functional currency, and rounded to the nearest pound.

2. | ACCOUNTING POLICIES

| BASIS OF PREPARING THE FINANCIAL STATEMENTS

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| There have been no material departures from Financial Reporting Standard 102 1A.

| Going concern

| As at 31 December 2024 there were net current liabilities of £1,718,522 (2023: £1,718,522). The directors consider the going concern basis adopted for these financial statements to be appropriate, based upon the continued support of the company's subsidiary and shareholders.

| PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

| The financial statements contain information about Victoria Park Cars Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

| INVESTMENTS IN SUBSIDIARIES

| Investments are recorded at cost less any relevant provision for impairment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2023 - NIL).

4. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 6,049,097 |  |

| PROVISIONS

| At 1 January 2024

| and 31 December 2024 | 3,549,097 |  |

| NET BOOK VALUE

| At 31 December 2024 | 2,500,000 |  |

| At 31 December 2023 | 2,500,000 |  |

VICTORIA PARK CARS LIMITED (REGISTERED NUMBER: 06003473)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Loan notes | 122,500 |  | 122,500 |  |

| Amounts owed to group undertakings | 688,705 |  | 920,021 |  |

| Other creditors | 908,316 |  | 677,000 |  |

| Accruals and deferred income | 1,000 |  | 1,000 |  |

1,720,521 |  | 1,720,521 |  |

| Interest on the loan notes has been waived for the foreseeable future.

| Both loans are repayable by instalments.

6. | CONTINGENT LIABILITIES

| The company has undertaken to guarantee the bank overdraft £183,804 (2023: £90,237) of Victoria Park Motor Co. Limited.