REGISTERED NUMBER: 06003473 (England and Wales)

VICTORIA PARK CARS LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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

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

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

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.