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REGISTERED NUMBER: 04426156 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Queens Court Enterprises Limited

Queens Court Enterprises Limited (Registered number: 04426156)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Queens Court Enterprises Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: P K Santilal
Mrs M P Santilal





SECRETARY: P K Santilal





REGISTERED OFFICE: 123 Eastern Avenue
Redbridge
Ilford
Essex
IG4 5AN





REGISTERED NUMBER: 04426156 (England and Wales)





ACCOUNTANTS: R G Associates
123 Eastern Avenue
Ilford
Essex
IG4 5AN

Queens Court Enterprises Limited (Registered number: 04426156)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,000 200,000

CURRENT ASSETS
Debtors 5 152 5,917
Cash at bank 27,520 8,861
27,672 14,778
CREDITORS
Amounts falling due within one year 6 496,265 494,466
NET CURRENT LIABILITIES (468,593 ) (479,688 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(268,593

)

(279,688

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 (268,594 ) (279,689 )
SHAREHOLDERS' FUNDS (268,593 ) (279,688 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Queens Court Enterprises Limited (Registered number: 04426156)

Statement of Financial Position - continued
30 June 2023


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 12 November 2023 and were signed on its behalf by:





P K Santilal - Director


Queens Court Enterprises Limited (Registered number: 04426156)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Queens Court Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis, the validity of which depends upon continued financial support by the parent company and creditors. The directors are confident that the company will be able to continue with successful financial outcome and on this basis the directors consider it appropriate to prepare the financial statement on a going concern basis. The financial statements do not include any adjustments that would result from a failure to obtain the above financial support.

Turnover
Turnover represents rental income excluding value added tax.

Tangible fixed assets
Freehold properties relate to investment properties which are held to earn rentals and or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or the deficit on revaluation is recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 200,000
NET BOOK VALUE
At 30 June 2023 200,000
At 30 June 2022 200,000

Queens Court Enterprises Limited (Registered number: 04426156)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2023 is represented by:

Land and
buildings
£   
Valuation in 2016 (315,692 )
Cost 515,692
200,000

The property was valued by the director, Mr P K Santilal who holds no qualifications in the property valuation but has extensive experience and knowledge of properties in the area.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 152 5,917

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 950 650
Other creditors 495,315 493,816
496,265 494,466

7. RESERVES
Retained
earnings
£   

At 1 July 2022 (279,689 )
Profit for the year 11,095
At 30 June 2023 (268,594 )

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Barat Enterprises Ltd