Company Registration No. 06548881 (England and Wales)
Victoria Apartments Limited
Unaudited accounts
for the year ended 31 December 2020
Victoria Apartments Limited
Unaudited accounts
Contents
Victoria Apartments Limited
Company Information
for the year ended 31 December 2020
Company Number
06548881 (England and Wales)
Registered Office
390 Marine Road East
Morecambe
Lancashire
LA4 5AU
Victoria Apartments Limited
Statement of financial position
as at
31 December 2020
Tangible assets
21,542
12,383
Investment property
2,258,936
2,258,936
Cash at bank and in hand
159,596
51,520
Creditors: amounts falling due within one year
(86,524)
(39,432)
Net current assets
118,993
57,685
Total assets less current liabilities
2,399,471
2,329,004
Provisions for liabilities
Deferred tax
(11,240)
(11,240)
Net assets
2,388,231
2,317,764
Called up share capital
100
100
Share premium
4,052,872
4,052,872
Profit and loss account
(1,664,741)
(1,735,208)
Shareholders' funds
2,388,231
2,317,764
For the year ending 31 December 2020 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 30 September 2021 and were signed on its behalf by
M MACKAY
Director
Company Registration No. 06548881
Victoria Apartments Limited
Notes to the Accounts
for the year ended 31 December 2020
Victoria Apartments Limited is a private company, limited by shares, registered in England and Wales, registration number 06548881. The registered office is 390 Marine Road East, Morecambe, Lancashire, LA4 5AU.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
15% reducing balance basis
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
At 31 December 2020
59,278
Charge for the year
3,801
At 31 December 2020
37,736
At 31 December 2020
21,542
At 31 December 2019
12,383
5
Investment property
2020
Fair value at 1 January 2020
2,258,936
At 31 December 2020
2,258,936
Victoria Apartments Limited
Notes to the Accounts
for the year ended 31 December 2020
6
Debtors: amounts falling due within one year
2020
2019
Trade debtors
5,917
5,593
Accrued income and prepayments
2,069
2,069
Other debtors
37,935
37,935
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
-
(99,000)
Amounts owed to group undertakings and other participating interests
2,605
1,006
Taxes and social security
-
9,407
Loans from directors
78,679
122,779
8
Average number of employees
During the year the average number of employees was 0 (2019: 1).