0 01/01/2024 31/12/2024 2024-12-31 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2024-01-01 Sage Accounts Production 23.1 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI649756 2024-01-01 2024-12-31 NI649756 2024-12-31 NI649756 2023-12-31 NI649756 2023-01-01 2023-12-31 NI649756 2023-12-31 NI649756 2022-12-31 NI649756 bus:RegisteredOffice 2024-01-01 2024-12-31 NI649756 bus:LeadAgentIfApplicable 2024-01-01 2024-12-31 NI649756 bus:Director1 2024-01-01 2024-12-31 NI649756 bus:Director2 2024-01-01 2024-12-31 NI649756 bus:Director3 2024-01-01 2024-12-31 NI649756 core:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 NI649756 core:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 NI649756 core:WithinOneYear 2024-12-31 NI649756 core:WithinOneYear 2023-12-31 NI649756 core:ShareCapital 2024-12-31 NI649756 core:ShareCapital 2023-12-31 NI649756 core:RetainedEarningsAccumulatedLosses 2024-12-31 NI649756 core:RetainedEarningsAccumulatedLosses 2023-12-31 NI649756 core:ShareCapital 2022-12-31 NI649756 core:RetainedEarningsAccumulatedLosses 2022-12-31 NI649756 core:PreviouslyStatedAmount core:ShareCapital 2024-12-31 NI649756 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 NI649756 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-12-31 NI649756 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-12-31 NI649756 core:CostValuation core:Non-currentFinancialInstruments 2024-12-31 NI649756 core:Non-currentFinancialInstruments 2024-12-31 NI649756 core:Non-currentFinancialInstruments 2023-12-31 NI649756 bus:SmallEntities 2024-01-01 2024-12-31 NI649756 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 NI649756 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI649756 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI649756 bus:FullAccounts 2024-01-01 2024-12-31
Company registration number: NI649756
VICTORIA PROPERTY HOLDINGS LTD
Trading as Victoria Property Holdings Ltd
Unaudited filleted financial statements
31 December 2024
VICTORIA PROPERTY HOLDINGS LTD
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
VICTORIA PROPERTY HOLDINGS LTD
Directors and other information

| Directors | Paul Gavin Martin
|  | Gary Michael Martin
|  | Michael Gerard Martin
| Company number | NI649756
| Registered office | 52 Talbot Park
|  | Londonderry
|  | BT48 7TA
| Business address | 52 Talbot Park
|  | Londonderry
|  | BT48 7TA
| Accountants | McDaid McCullough Moore
|  | 28/32 Clarendon Street
|  | Derry
|  | BT48 7HD

VICTORIA PROPERTY HOLDINGS LTD
Report to the board of directors on the preparation of the
unaudited statutory financial statements of VICTORIA PROPERTY HOLDINGS LTD
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of VICTORIA PROPERTY HOLDINGS LTD for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the board of directors of VICTORIA PROPERTY HOLDINGS LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of VICTORIA PROPERTY HOLDINGS LTD and state those matters that we have agreed to state to the board of directors of VICTORIA PROPERTY HOLDINGS LTD as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VICTORIA PROPERTY HOLDINGS LTD and its board of directors as a body for our work or for this report.
It is your duty to ensure that VICTORIA PROPERTY HOLDINGS LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of VICTORIA PROPERTY HOLDINGS LTD. You consider that VICTORIA PROPERTY HOLDINGS LTD 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 financial statements of VICTORIA PROPERTY HOLDINGS LTD. 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 financial statements.
McDaid McCullough Moore
Chartered Accountants
28/32 Clarendon Street
Derry
BT48 7HD
7 November 2025
VICTORIA PROPERTY HOLDINGS LTD
Statement of financial position
31 December 2024

|  |  | 2024 |  |  |  | 2023 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Investments |  | 4 | 147,227 |  |  |  | 146,887 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 147,227 |  |  |  | 146,887
Current assets |  |  |  |  |  |  |  |  |
Debtors: |  |  |  |  |  |  |  |  |
| Amounts falling due within one year | 5 | 5,218,166 |  |  |  | 4,045,038 |  |
Cash at bank and in hand |  |  | 21,227,761 |  |  |  | 184,167 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 26,445,927 |  |  |  | 4,229,205 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 6 | ( 25,755,953) |  |  |  | ( 3,773,044) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current assets |  |  |  |  | 689,974 |  |  |  | 456,161
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 837,201 |  |  |  | 603,048
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 837,201 |  |  |  | 603,048
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 120 |  |  |  | 120
Profit and loss account |  |  |  |  | 837,081 |  |  |  | 602,928
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 837,201 |  |  |  | 603,048
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 November 2025 , and are signed on behalf of the board by:
Michael Gerard Martin
Director
Company registration number: NI649756
VICTORIA PROPERTY HOLDINGS LTD
Statement of changes in equity
Year ended 31 December 2024

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 January 2023 |  | 120 |  | 643,251 | 643,371 |  |  |  |  |
Profit for the year |  |  |  | 19,677 | 19,677 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 19,677 | 19,677 |  |  |  |  |
Dividends paid and payable |  |  |  | ( 60,000) | ( 60,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total investments by and distributions to owners |  | - |  | ( 60,000) | ( 60,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 December 2023 and 1 January 2024 |  | 120 |  | 662,928 | 663,048 |  |  |  |  |
Profit for the year |  |  |  | 504,153 | 504,153 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 504,153 | 504,153 |  |  |  |  |
Dividends paid and payable |  |  |  | ( 330,000) | ( 330,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total investments by and distributions to owners |  | - |  | ( 330,000) | ( 330,000) |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 31 December 2024 |  | 120 |  | 837,081 | 837,201 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

VICTORIA PROPERTY HOLDINGS LTD
Notes to the financial statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 52 Talbot Park, Londonderry, BT48 7TA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments

|  | Shares in group undertakings and participating interests | Total |  |  |  |
|  | £ | £ |  |  |  |
| Cost |  |  |  |  |  |
| At 1 January 2024 | 146,887 | 146,887 |  |  |  |
| Additions | 700 | 700 |  |  |  |
| Disposals | ( 360) | ( 360) |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 December 2024 | 147,227 | 147,227 |  |  |  |
|  | _______ | _______ |  |  |  |
| Impairment |  |  |  |  |  |
| At 1 January 2024 and 31 December 2024 | - | - |  |  |  |
|  | _______ | _______ |  |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 December 2024 | 147,227 | 147,227 |  |  |  |
|  | _______ | _______ |  |  |  |
| At 31 December 2023 | 146,887 | 146,887 |  |  |  |
|  | _______ | _______ |  |  |  |

5. Debtors
Debtors falling due within one year are as follows:

|  |  | 2024 | 2023
|  |  | £ | £
| Trade debtors |  | 13,025 | 13,025
| Other debtors |  | 5,205,141 | 4,032,013
|  |  | _______ | _______
|  |  | 5,218,166 | 4,045,038
|  |  | _______ | _______

6. Creditors: amounts falling due within one year

|  |  | 2024 | 2023
|  |  | £ | £
| Corporation tax |  | 168,119 | 6,051
| Other creditors |  | 25,587,834 | 3,766,993
|  |  | _______ | _______
|  |  | 25,755,953 | 3,773,044
|  |  | _______ | _______

7. Related party transactions
During the year the company entered into the following transactions with related parties:

|  | Transaction value |  | Balance owed by/(owed to) |
|  | 2024 | 2023 | 2024 | 2023
|  | £ | £ | £ | £
| Owed by connected companies | - | - | 5,170,620 | 4,032,013
| Owed to connected companies | ( 5,200) | ( 5,200) | ( 20,602,567) | ( 782,067)
|  | _______ | _______ | _______ | _______

8. Controlling party
The director's collectively are considered to be the controlling party.