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Registration number: 08349701

QH Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2023

 

QH Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

QH Investments Limited

Company Information

Director

Mr C R Anderson

Company secretary

Mrs B J Anderson

Registered office

Birdsfoot House
Fisherman's Reach
Quidhampton, Salisbury
Wiltshire
SP2 9BG

Accountants

Howard Smith & Co Limited
Chartered Accountants
First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

 

QH Investments Limited

(Registration number: 08349701)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

702

826

Investment property

5

748,761

748,761

 

749,463

749,587

Current assets

 

Debtors

6

156,681

190,772

Cash at bank and in hand

 

74,641

28,503

 

231,322

219,275

Creditors: Amounts falling due within one year

7

(37,137)

(40,226)

Net current assets

 

194,185

179,049

Total assets less current liabilities

 

943,648

928,636

Creditors: Amounts falling due after more than one year

7

(135,365)

(135,365)

Provisions for liabilities

(4,994)

(4,994)

Net assets

 

803,289

788,277

Capital and reserves

 

Called up share capital

8

524,250

524,250

Retained earnings

279,039

264,027

Shareholders' funds

 

803,289

788,277

For the financial year ending 31 January 2023 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 October 2023
 

 

QH Investments Limited

(Registration number: 08349701)
Balance Sheet as at 31 January 2023

.........................................
Mr C R Anderson
Director

 

QH Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Birdsfoot House
Fisherman's Reach
Quidhampton, Salisbury
Wiltshire
SP2 9BG

These financial statements were authorised for issue by the director on 24 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

QH Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

QH Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2022

1,345

1,345

At 31 January 2023

1,345

1,345

Depreciation

At 1 February 2022

519

519

Charge for the year

124

124

At 31 January 2023

643

643

Carrying amount

At 31 January 2023

702

702

At 31 January 2022

826

826

5

Investment properties

2023
£

At 1 February

748,761

At 31 January

748,761

There has been no valuation of investment property by an independent valuer.

6

debtors

Current

2023
£

2022
£

Trade debtors

4,773

38,819

Prepayments

241

229

Other debtors

151,667

151,724

 

156,681

190,772

 

QH Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

596

40

Taxation and social security

3,550

7,330

Accruals and deferred income

1,200

1,128

Other creditors

31,791

31,728

37,137

40,226

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

135,365

135,365

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

524,250

524,250

524,250

524,250

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

135,365

135,365