ACCOUNTS - Final Accounts preparation

Company registration number: 13143003

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	VIKING SELF STORAGE NEWBURY LIMITED


VIKING SELF STORAGE NEWBURY LIMITED

COMPANY INFORMATION

Directors	M C J Holme
	J Holme


Registered number	13143003


Registered office	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


VIKING SELF STORAGE NEWBURY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


VIKING SELF STORAGE NEWBURY LIMITED REGISTERED NUMBER:13143003

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		4,857,467		4,885,331
			4,857,467		4,885,331
Current assets
Stocks		6,922		8,743
Debtors: amounts falling due within one year	5	178,712		24,706
Cash at bank and in hand		245,007		158,915
		430,641		192,364
Creditors: amounts falling due within one year	6	(5,545,378)		(5,214,520)
Net current liabilities			(5,114,737)		(5,022,156)
Total assets less current liabilities			(257,270)		(136,825)

Net liabilities			(257,270)		(136,825)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(257,370)	(136,925)
	(257,270)	(136,825)

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VIKING SELF STORAGE NEWBURY LIMITED REGISTERED NUMBER:13143003

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M C J Holme

Director

Date: 21 September 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


VIKING SELF STORAGE NEWBURY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Viking Self Storage Newbury Limited is a private company, limited by shares, registered in England and Wales. The
address of the registered office is given in the Company Information page. The company's place of business is Hambridge Rd, Newbury, RG14 5AW.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the reporting date, the company showed deficiency of total assets over total liabilities of £257,270 (2024:
£136,825). Due to the ongoing support of the director, to enable the company to meet its liabilities as they fall
due, the company has prepared its financial statements on a going concern basis.

2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and
the turnover can be reliably measured. Turnover is generated when goods have been delivered and services
supplied to customers such that risks and rewards of ownership have transferred to them and measured as the
fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other
sales taxes.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 3


VIKING SELF STORAGE NEWBURY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Land and buildings	-		not depreciated
				Plant and machinery	-	25%	straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.8

Financial instruments

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.

3.	Employees
	The average monthly number of employees, including directors, during the year was 2 (2024 - 3).

Page 4


VIKING SELF STORAGE NEWBURY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost or valuation
At 1 April 2024	4,876,575	10,173	4,886,748
Additions	371	-	371
At 31 March 2025	4,876,946	10,173	4,887,119
Depreciation
At 1 April 2024	-	1,417	1,417
Charge for the year on owned assets	25,691	2,544	28,235
At 31 March 2025	25,691	3,961	29,652
Net book value
At 31 March 2025	4,851,255	6,212	4,857,467
At 31 March 2024	4,876,575	8,756	4,885,331

Debtors

					2025	2024
					£	£


Trade debtors	15,577	8,518
Other debtors	-	9,223
Prepayments and accrued income	163,135	6,965
	178,712	24,706

Page 5


VIKING SELF STORAGE NEWBURY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	-	17
Trade creditors	328,731	52,836
Amounts owed to connected company	1,500,000	1,500,000
Other taxation and social security	16,318	272
Other creditors	3,630,854	3,605,254
Accruals and deferred income	69,475	56,141
	5,545,378	5,214,520

7.	Related party transactions
	At the year end the company owed the directors £3,605,254 (2024: £3,605,254). This is considered to be repayable on demand of which £1,000,000 is interest bearing. At the reporting date the company owed £1,500,000 to companies under common control. This balance can be found within creditors due within one year. No interest is being charged.

Page 6