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Registered Number: 07614865
England and Wales

 

 

 

VICTOR CHANCE LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2024

End date: 30 April 2025
Director WAHAB SANNI
Registered Number 07614865
Registered Office 1 Blueberry Avenue
New Moston
Manchester
Greater Manchester
M40 0GE
Accountants ANDREW MATTHEWS & CO
Chartered Certified Accountants
81 Cherry Tree Lane
Rainham
Essex
RM13 8TR
Bankers BARCLAYS BANK PLC
Market Street
Picadilly Garden
Manchester
M1

NATWEST BANK PLC
Market Street
Picadilly Garden
Manchester
M1

1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 April 2025.
Principal activities
Principal activity of the company during the financial year was of accounting and tax advisory services
Director
The director who served the company throughout the year was as follows:
WAHAB SANNI
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

On behalf of the board.


----------------------------------
WAHAB SANNI
Director

Date approved: 01 October 2025
2
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of VICTOR CHANCE LIMITED for the year ended 30 April 2025 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's accounting records and from information and explanations you have given us.  This report is made solely to the member of VICTOR CHANCE LIMITED , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of VICTOR CHANCE LIMITED and state those matters that we have agreed to state to the Board of VICTOR CHANCE LIMITED , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VICTOR CHANCE LIMITED and its members as a body for our work or for this report.

It is your duty to ensure that VICTOR CHANCE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Profit of VICTOR CHANCE LIMITED . You consider that VICTOR CHANCE LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of VICTOR CHANCE LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................

ANDREW MATTHEWS & CO

Chartered Certified Accountants
81 Cherry Tree Lane
Rainham
Essex
RM13 8TR
01 October 2025
3
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 70    4,060 
70    4,060 
Current assets      
Stocks 4 90    120 
Debtors: amounts falling due within one year 5 8,161    7,043 
Cash at bank and in hand 23,062    25,557 
31,313    32,720 
Creditors: amount falling due within one year 6 (19)   (12)
Net current assets 31,294    32,708 
 
Total assets less current liabilities 31,364    36,768 
Creditors: amount falling due after more than one year 7 (29,432)   (34,917)
Net assets 1,932    1,851 
 

Capital and reserves
     
Called up share capital 8 25,000    25,000 
Profit and loss account (23,068)   (23,149)
Shareholders' funds 1,932    1,851 
 


For the year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 01 October 2025 and were signed by:


-------------------------------
WAHAB SANNI
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 May 2023 25,000  (23,201) 1,799 
Profit for the year 52  52 
Total comprehensive income for the year 52  52 
Total investments by and distributions to owners
At 30 April 2024 25,000  (23,149) 1,851 
At 01 May 2024 25,000  (23,150) 1,850 
Profit for the year 82  82 
Total comprehensive income for the year 82  82 
Total investments by and distributions to owners
At 30 April 2025 25,000  (23,068) 1,932 
5
General Information
VICTOR CHANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07614865, registration address 1 Blueberry Avenue, New Moston, Manchester, Greater Manchester, M40 0GE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of trade discounts.
Taxation
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. A total sum of £70 has been retained in the books to represent residual value of the fixed assets, including Plant & Machinery, at £10 each.
The Plant & Machinery represents the value of a structure  constructed and used by the company as an office

Plant and Machinery 20% Straight Line
Office & Computer Equipment 20% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2024 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Office & Computer Equipment   Total
  £   £   £
At 01 May 2024   3,754    3,754 
Additions 20,000      20,000 
Disposals    
At 30 April 2025 20,000    3,754    23,754 
Depreciation
At 01 May 2024   3,694    3,694 
Charge for year 19,990      19,990 
On disposals    
At 30 April 2025 19,990    3,694    23,684 
Net book values
Closing balance as at 30 April 2025 10    60    70 
Opening balance as at 01 May 2024 4,000    60    4,060 


4.

Stocks

2025
£
  2024
£
Stocks 90    120 
90    120 

5.

Debtors: amounts falling due within one year

2025
£
  2024
£
Directors' Current Accounts 8,161    7,043 
8,161    7,043 

6.

Creditors: amount falling due within one year

2025
£
  2024
£
Corporation Tax 19    12 
19    12 

7.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Bank Loans & Overdrafts 29,432    34,917 
29,432    34,917 

8.

Share Capital

Authorised
25,000 Class A shares of £1.00 each
Allotted, called up and fully paid
2025
£
  2024
£
25,000 Class A shares of £1.00 each 25,000    25,000 
25,000    25,000 

6