REGISTERED NUMBER: 04860019 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

Victoria Walk Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D L Baker

Miss H M Baker

REGISTERED OFFICE:

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

REGISTERED NUMBER:

04860019 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

Santander

Bridle Road

BOOTLE

L30 4GB

FIXED ASSETS

Tangible assets

4

6,669

7,973

Investment property

5

1,280,000

2,100,000

1,286,669

2,107,973

CURRENT ASSETS

Debtors

6

108,207

119,661

Cash at bank

10,410

4,151

118,617

123,812

CREDITORS

Amounts falling due within one year

7

924,302

90,849

NET CURRENT (LIABILITIES)/ASSETS

(805,685

)

32,963

TOTAL ASSETS LESS CURRENT LIABILITIES

480,984

2,140,936

CREDITORS

Amounts falling due after more than one year

8

-

(880,858

)

PROVISIONS FOR LIABILITIES

-

(156,979

)

NET ASSETS

480,984

1,103,099

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

10

480,983

1,103,098

SHAREHOLDERS' FUNDS

480,984

1,103,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

Mr D L Baker - Director

1.	STATUTORY INFORMATION

Victoria Walk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced rents receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

10,800

2,120

12,920

DEPRECIATION

At 1 August 2024

4,320

627

4,947

Charge for year

1,080

224

1,304

At 31 July 2025

5,400

851

6,251

NET BOOK VALUE

At 31 July 2025

5,400

1,269

6,669

At 31 July 2024

6,480

1,493

7,973

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

2,100,000

Revaluations

(820,000

)

At 31 July 2025

1,280,000

NET BOOK VALUE

At 31 July 2025

1,280,000

At 31 July 2024

2,100,000

The investment property is let under various operating leases. The rents received from the property were £159,892 (2024: £162,181).

Fair value at 31 July 2025 is represented by:

£

Valuation in 2012

88,460

Valuation in 2014

175,000

Valuation in 2015

651,000

Valuation in 2017

100,000

Valuation in 2025

(820,000

)

Cost

1,085,540

1,280,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

as restated

£

£

Cost

1,085,540

1,085,540

Aggregate depreciation

(346,984

)

(323,213

)

If the investment property were to be sold at its revalued amount then there would be an additional charge to corporation tax on the capital gain of £Nil (2024: £156,979).

The investment property was revalued on a fair value basis at 31 July 2025 by the directors based on a formal valuation for the company's bankers undertaken by BTG Eddisons, Chartered Surveyors, in February 2026 . The valuation was determined by the market value of similar properties in the area on a vacant possession basis.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

4,312

6,399

Other debtors

103,895

105,836

Directors' current accounts

-

6,661

Prepayments and accrued income

-

765

108,207

119,661

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

871,368

10,326

Trade creditors

4,445

63

Tax

15,626

15,145

Social security and other taxes

2,553

6,862

VAT

20,970

16,756

Other creditors

-

33,102

Directors' current accounts

302

-

Accruals and deferred income

9,038

8,595

924,302

90,849

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Bank loans - 1-2 years

-

9,826

Bank loans - 2-5 years

-

12,977

Bank loans more 5 yrs non-inst

-

858,055

-

880,858

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

858,055

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Bank loans

871,368

891,184

The bank loan with Aldermore Bank PLC is secured by a fixed charge over land and floating charges over the assets, property and the whole undertaking of the company.

10.

RESERVES

Retained

earnings

£

At 1 August 2024

936,113

Prior year adjustment

166,985

1,103,098

Deficit for the year

(622,115

)

At 31 July 2025

480,983

Included within the reserves total is a fair value reserve of £114,460 (2024 - £1,014,460) which is not available for distribution as dividends.

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2025 and 31 July 2024:

2025

2024

as restated

£

£

Mr D L Baker

Balance outstanding at start of year

6,661

5,652

Amounts advanced

12,972

7,475

Amounts repaid

(19,633

)

(6,466

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

6,661

Amounts outstanding were unsecured, interest free and repayable on demand.

12.	RELATED PARTY DISCLOSURES

Included in other debtors is a balance due from Hanbeck Natural Stone Limited of £103,895 (2024: £93,659), a company in which Mr D L Baker is a director and also holds 50% of the shares. These amounts are interest free, unsecured and repayable on demand.

Included in creditors is a balance of £Nil (2024: £32,103) due to Westmoor Estates Limited. A company in which both Miss H M Baker and Mr D L Baker are also directors and Mr D L Baker is the majority shareholder. During the year the then current balance of £30,153 was written off to the Income Statement. The creditor had been interest free, unsecured and repayable on demand.