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Company Registration No. 14865510 (England and Wales)
VICTORIA PROPERTY LETTINGS LIMITED Unaudited accounts for the year ended 31 May 2025
VICTORIA PROPERTY LETTINGS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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VICTORIA PROPERTY LETTINGS LIMITED Company Information for the year ended 31 May 2025
Director
Mr M C Mus
Company Number
14865510 (England and Wales)
Registered Office
C/O On Target Accounting Ltd 105 Chineway Gardens Ottery St. Mary Devon EX11 1JJ England
Accountants
On Target Accounting Ltd 105 Chineway Gardens Ottery St Mary Devon EX11 1JJ
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VICTORIA PROPERTY LETTINGS LIMITED Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
9,725 
8,000 
Investment property
5
640,001 
210,366 
649,726 
218,366 
Current assets
Cash at bank and in hand
1,799 
2,472 
Creditors: amounts falling due within one year
6
(225,852)
(95,282)
Net current liabilities
(224,053)
(92,810)
Total assets less current liabilities
425,673 
125,556 
Creditors: amounts falling due after more than one year
7
(295,914)
(130,240)
Provisions for liabilities
Deferred tax
(30,599)
- 
Net assets/(liabilities)
99,160 
(4,684)
Capital and reserves
Revaluation reserve
122,394 
- 
Profit and loss account
(23,234)
(4,684)
Shareholders' funds
99,160 
(4,684)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2026 and were signed on its behalf by
Mr M C Mus Director Company Registration No. 14865510
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VICTORIA PROPERTY LETTINGS LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
VICTORIA PROPERTY LETTINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14865510. The registered office is C/O On Target Accounting Ltd, 105 Chineway Gardens, Ottery St. Mary, Devon, EX11 1JJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Investment property
Investment property is included at market fair value. Gains are recognised in other comprehensive income. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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VICTORIA PROPERTY LETTINGS LIMITED Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2024
10,000 
Additions
4,656 
At 31 May 2025
14,656 
Depreciation
At 1 June 2024
2,000 
Charge for the year
2,931 
At 31 May 2025
4,931 
Net book value
At 31 May 2025
9,725 
At 31 May 2024
8,000 
5
Investment property
2025 
£ 
Fair value at 1 June 2024
210,366 
Additions
276,642 
Net gain from fair value adjustments
152,993 
At 31 May 2025
640,001 
The director has reviewed the market value of the property at the year end and believed a revaluation from historic cost is necessary. A revaluation reserve was created and the total value of investment properties was increased by £152,993 before tax. No formal valuation has been carried out for these purposes.
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
11,681 
10,445 
Other creditors
140 
- 
Loans from directors
212,154 
84,387 
Accruals
1,877 
450 
225,852 
95,282 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
295,914 
130,240 
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VICTORIA PROPERTY LETTINGS LIMITED Notes to the Accounts for the year ended 31 May 2025
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr M C Mus
Director's Loan
(84,387)
(127,766)
- 
(212,153)
(84,387)
(127,766)
- 
(212,153)
During the year the director made advances to the company with a net total of £127,766. The loan is interest free with no specified repayment date.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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