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Preheat your oven to 350°F. Grease two 8" round cake pans.
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In a medium-sized mixing bowl, beat together the butter and sugar until well combined and smooth.
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Beat in the eggs one at a time, scraping the bottom and sides of the bowl after each addition.
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Add the extracts, if you're using them.
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Add the flour, beating gently just until well combined.
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Divide the stiff batter evenly between the cake pans; there'll be 15 ounces of batter in each.
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Bake the cakes for about 22 to 26 minutes, or until they start to pull away from the edges of the pans. Remove them from the oven, cool for a couple of minutes, and turn out of the pans onto a rack to cool completely.
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When the cakes are cool, place one layer on a plate. Spread with the jam of your choice.
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Whip the cream — 2/3 cup cream makes a medium-thickness layer of filling; 3/4 cup cream, a thick layer. Sprinkle in 2 tablespoons granulated sugar, or to taste, as you whip the cream until it's quite stiff. Stir in the vanilla at the end.
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Spread the whipped cream over the jam. Top with the second layer of cake.
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Brush the top of the cake with syrup, and sprinkle with coarse white sparkling sugar, if desired. Or sprinkle with confectioners' sugar just before serving.
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Refrigerate the Victoria Cake until you're ready to serve it. Victoria Cake is at its best within 12 hours but is still quite good up to 2 or even 3 days later. The difference will be the whipped cream, which will gradually settle/compact.