REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 June 2023 |
for |
Queens Court Enterprises Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 7 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.23 | 30.6.22 |
£ | £ |
Taxation and social security |
Other creditors |
7. | RESERVES |
Retained |
earnings |
£ |
At 1 July 2022 | ( |
) |
Profit for the year |
At 30 June 2023 | ( |
) |
8. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of Barat Enterprises Ltd |