QUANTOCK LIMITED

Company Registration Number:
12360631 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

QUANTOCK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

QUANTOCK LIMITED

Company Information

for the Period Ended 31 December 2022




Director: Oluwafisayo Adetoye
Registered office: Quantock
Dillywood Lane
Higham
Rochester
Kent
GBR
ME3 7NT
Company Registration Number: 12360631 (England and Wales)

QUANTOCK LIMITED

Directors' Report Period Ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal Activities

property buying renovations and renting

Directors

The directors shown below have held office during the whole of the period from 01 January 2022 to 31 December 2022
Oluwafisayo Adetoye

This report was approved by the board of directors on 3 October 2023
And Signed On Behalf Of The Board By:

Name: Oluwafisayo Adetoye
Status: Director

QUANTOCK LIMITED

Profit and Loss Account

for the Period Ended 31 December 2022


Notes

2022
£

2021
£
Turnover 22,800 10,800
Cost of sales ( 12,400 ) ( 6,804 )
Gross Profit or (Loss) 10,400 3,996
Income from coronavirus (COVID-19) business support grants 0 -
Administrative Expenses ( 4,500 ) ( 1,524 )
Operating Profit or (Loss) 5,900 2,472
Profit or (Loss) Before Tax 5,900 2,472
Tax on Profit ( 5,900 ) ( 2,472 )
Profit or (Loss) for Period 0 0

The notes form part of these financial statements

QUANTOCK LIMITED

Balance sheet

As at 31 December 2022


Notes

2022
£

2021
£
Fixed assets
Tangible assets: 4 385,000 260,000
Total fixed assets: 385,000 260,000
Current assets
Cash at bank and in hand: 87,000
Total current assets: 87,000
Prepayments and accrued income: 22,400 10,800
Creditors: amounts falling due within one year: 5 ( 12,400 ) ( 8,364 )
Net current assets (liabilities): 97,000 2,436
Total assets less current liabilities: 482,000 262,436
Creditors: amounts falling due after more than one year: 6 ( 288,000 ) ( 180,000 )
Total net assets (liabilities): 194,000 82,436

The notes form part of these financial statements

QUANTOCK LIMITED

Balance sheet continued

As at 31 December 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 7 188,000 80,000
Profit and loss account: 5,900 2,336
Shareholders funds: 194,000 82,436

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 3 October 2023
And Signed On Behalf Of The Board By:

Name: Oluwafisayo Adetoye
Status: Director

The notes form part of these financial statements

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 0 0

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 3. Off balance sheet disclosure

    No

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 January 2022 260,000 260,000
Additions - -
Disposals - -
Revaluations 125,000 125,000
Transfers - -
At 31 December 2022 385,000 385,000
Depreciation
At 01 January 2022 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 December 2022 - -
Net book value
At 31 December 2022 385,000 385,000
At 31 December 2021 260,000 260,000

property revaluation and re-mortgage

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5.Creditors: amounts falling due within one year note


2022
£

2021
£
Bank loans and overdrafts 12,400 8,364
Total 12,400 8,364

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6.Creditors: amounts falling due after more than one year


2022
£

2021
£
Bank loans and overdrafts 288,000 180,000
Total 288,000 180,000

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Revaluation reserve


2022
£
Balance at 01 January 2022 80,000
Surplus or deficit after revaluation 108,000
Balance at 31 December 2022 188,000