VICTORY_HOLDINGS_LIMITED - Accounts

VICTORY HOLDINGS LIMITED - Company Information

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Company Registration No. 02303153 (England and Wales)

VICTORY HOLDINGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

VICTORY HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

VICTORY HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

2015

2014

Notes

Fixed assets

Investments

150,002

Current assets

Debtors

515,317

504,570

Creditors: amounts falling due within one year

(262,975)

(253,728)

Net current assets

252,342

250,842

Total assets less current liabilities

402,344

400,844

Capital and reserves

Called up share capital

1,000

Profit and loss account

401,344

399,844

Shareholders' funds

402,344

400,844

For the financial year ended 31 March 2015 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2015

V Loyd

Director

Company Registration No. 02303153

VICTORY HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Investments

Cost

At 1 April 2014 & at 31 March 2015

150,002

At 31 March 2014

150,002

The company's investment in its subsidiary companies represents the cost of acquisions of the whole of the ordinary share capital of Victory Yard Limited and Victory Marine Services Limited, whose principal activities are marine engineering, boat repairs, provision of dry dock and associated facilities, and the rental of industrial units.

Share capital

2015

2014

Allotted, called up and fully paid

1,000 ordinary shares of £1 each

1,000