Victor Charles Homes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11679015

VICTOR CHARLES HOMES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 November 2025

VICTOR CHARLES HOMES LIMITED

STATEMENT OF FINANCIAL POSITION

28 November 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		3,190,000		2,279,000

CURRENT ASSETS

Debtors	6	126,331	117,706
Cash at bank and in hand		6,933	578
		---------	---------
		133,264	118,284

CREDITORS: amounts falling due within one year	7	( 470,899)		( 675,797)
		---------		---------
NET CURRENT LIABILITIES			( 337,635)		( 557,513)
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,852,365		1,721,487

CREDITORS: amounts falling due after more than one year	8		( 1,697,029)		( 912,410)

PROVISIONS	( 301,050)	–
	------------	------------
NET ASSETS	854,286	809,077
	------------	------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	854,186	808,977
	---------	---------
SHAREHOLDERS FUNDS	854,286	809,077
	---------	---------

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 income and retained earnings has not been delivered.

For the year ending 28 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

VICTOR CHARLES HOMES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

28 November 2025

These financial statements were approved by the board of directors and authorised for issue on 17 July 2026 , and are signed on behalf of the board by:

N C Statman
Director

Company registration number: 11679015

VICTOR CHARLES HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 NOVEMBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, West Yorkshire, LS1 4DJ, United Kingdom.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises revenue recognised by the Company in respect of rental income received exclusive of Value Added Tax.

Income tax

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. 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TAX ON PROFIT

Major components of tax expense/(income)

	2025	2024
	£	£

Current tax:

Adjustments in respect of prior periods	–	( 114)

Deferred tax:

Origination and reversal of timing differences	301,050	–
	---------	----
Tax on profit	301,050	( 114)
	---------	----

5. TANGIBLE ASSETS

	Investment Property
	£
Cost or valuation
At 29 November 2024	2,279,000
Additions	682,335
Disposals	( 187,738)
Revaluations	416,403
	------------
At 28 November 2025	3,190,000
	------------
Depreciation
At 29 November 2024 and 28 November 2025	–
	------------
Carrying amount
At 28 November 2025	3,190,000
	------------
At 28 November 2024	2,279,000
	------------

The market values of investment properties held as at 28th November 2025 have been calculated by the director, and have been valued at open market value.

6. DEBTORS

	2025	2024
	£	£
Other debtors	126,331	117,706
	---------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	221,192	528,243
Trade creditors	1,770	2,160
Amounts due to related companies	193,900	91,190
Other creditors	54,037	54,204
	---------	---------
	470,899	675,797
	---------	---------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	1,697,029	912,410
	------------	---------