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REGISTERED NUMBER: 11679786 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

QUEST PROPERTY ASSET MANAGEMENT LIMITED

QUEST PROPERTY ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 11679786)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QUEST PROPERTY ASSET MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: H L de B Carvalho
A Moxon
Brigadier T M Brown
M Franinovic
R E Vaughan





SECRETARY:





REGISTERED OFFICE: Suite A, Second Floor, Barry House
20-22 Worple Road
London
SW19 4DH





REGISTERED NUMBER: 11679786 (England and Wales)





ACCOUNTANTS: William Evans & Partners
20 Harcourt Street
London
W1H 4HG

QUEST PROPERTY ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 11679786)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 4 38,829 29,000
Cash at bank 1,154 10,115
39,983 39,115
CREDITORS
Amounts falling due within one year 5 (9,688 ) (8,687 )
NET CURRENT ASSETS 30,295 30,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,295

30,428

CREDITORS
Amounts falling due after more than one
year

6

(50,633

)

(50,000

)
NET LIABILITIES (20,338 ) (19,572 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (21,338 ) (20,572 )
SHAREHOLDERS' FUNDS (20,338 ) (19,572 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:




H L de B Carvalho - Director


QUEST PROPERTY ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 11679786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Quest Property Asset Management 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 38,829 29,000

Included in other debtors is a loan to a director, Mr H L Carvalho, of £32,328. This loan is unsecured, interest free and repayable on demand.

QUEST PROPERTY ASSET MANAGEMENT LIMITED (REGISTERED NUMBER: 11679786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 6,165 6,164
Other creditors 3,523 2,523
9,688 8,687

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Other creditors 50,633 50,000

7. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due between one and two years:
Coronavirus Business Interrupt
ion loan 50,633 50,000
50,633 50,000

The company has received a Coronavirus Business Interruption Loan under the UK Government scheme. The loan is unsecured and interest and repayments will be due from May 2021.

8. ULTIMATE CONTROLLING PARTY

Quest JFM Investments Limited, a private limited company registered in England & Wales, is the holder of the entire share capital of the company and is therefore the controlling party and the ultimate controlling party.