Victory Road Apartments Ltd - Period Ending 2021-05-31

Victory Road Apartments Ltd

Profit and Loss Account for the Period from 7 May 2020 to 31 May 2021

The company has not traded during the period. During this period, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Victory Road Apartments Ltd

(Registration number: 12592128)
Balance Sheet as at 31 May 2021

	Note	2021 £
Current assets
Debtors	3	1
Capital and reserves
Called up share capital	4	1
Shareholders' funds		1

For the financial period ending 31 May 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 25 February 2022
 

......................................... Mr Malcolm Robert John Boyd Director

Victory Road Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 7 May 2020 to 31 May 2021

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
9 Chapel Street
Poulton le Fylde
Lancashire
FY6 7BQ
United Kingdom

These financial statements were authorised for issue by the director on 25 February 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

	2021 £
Other debtors	1
	1

Victory Road Apartments Ltd

Notes to the Unaudited Financial Statements for the Period from 7 May 2020 to 31 May 2021

4	Share capital

Allotted, called up and fully paid shares

	2021
	No.	£
Ordinary of £1 each	1	1

5	Parent and ultimate parent undertaking

The ultimate controlling party is Malcolm Boyd.