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REGISTERED NUMBER: 06949341 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD.

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: F Torriani





REGISTERED OFFICE: 3 Waterhouse Square
138 - 142 Holborn
London
EC1N 2SW





REGISTERED NUMBER: 06949341 (England and Wales)





AUDITORS: Belluzzo Audit Limited
Chartered Accountants and Statutory Auditors
38 Craven Street
London
WC2N 5NG

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,304 50,475

CURRENT ASSETS
Debtors 5 941,129 343,918
Cash at bank 2,983,361 1,302,151
3,924,490 1,646,069
CREDITORS
Amounts falling due within one year 6 1,930,812 1,374,103
NET CURRENT ASSETS 1,993,678 271,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,066,982

322,441

CREDITORS
Amounts falling due after more than one
year

7

-

(284,831

)

PROVISIONS FOR LIABILITIES 9 (6,503 ) (2,165 )
NET ASSETS 2,060,479 35,445

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 10 2,059,279 34,245
2,060,479 35,445

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 director and authorised for issue on 25 October 2023 and were signed by:





F Torriani - Director


QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Queen Of Clubs Lifestyle Luxury Services Ltd. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents fee receivable from travel agency and tourist guides activities, excluding value added tax. Revenue from the services is recognised at the time service is rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings: 20% on reducing balance
Computer equipment: 20% on reducing balance

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 124,966
Additions 38,740
At 31 December 2022 163,706
DEPRECIATION
At 1 January 2022 74,491
Charge for year 15,911
At 31 December 2022 90,402
NET BOOK VALUE
At 31 December 2022 73,304
At 31 December 2021 50,475

5. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 145,958 112,309
Other debtors 759,443 231,609
905,401 343,918

Amounts falling due after more than one year:
Other debtors 35,728 -

Aggregate amounts 941,129 343,918

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 98,043 166,427
Payments on account 762,722 840,037
Trade creditors 82,227 115,198
Taxation and social security 487,853 112,772
Other creditors 499,967 139,669
1,930,812 1,374,103

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 284,831

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 56,032 -

9. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 6,503 2,165

Deferred
tax
£   
Balance at 1 January 2022 2,165
Movement 4,338
Balance at 31 December 2022 6,503

10. RESERVES
Retained
earnings
£   

At 1 January 2022 34,245
Profit for the year 2,025,034
At 31 December 2022 2,059,279

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tony Castagnetti (Senior Statutory Auditor)
for and on behalf of Belluzzo Audit Limited

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Q International Holdings Ltd. The ultimate controlling party is Mr Filippo Torriani