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REGISTERED NUMBER: 06001940 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Quintas Homes Ltd

Quintas Homes Ltd (Registered number: 06001940)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Quintas Homes Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr Mukesh Keshra Halai
Mr Harish Halai
Mr Shital Mansukhlal Haria
Mr Akhil Haria





SECRETARY: Mr Shital Mansukhlal Haria





REGISTERED OFFICE: Unit 5 Hurricane Trading Estate
Avion Crescent
Colindale
London
NW9 5QW





REGISTERED NUMBER: 06001940 (England and Wales)





ACCOUNTANTS: Capitax Financial Limited
Devonshire House
582 Honeypot Lane
Stanmore
MIDDLESEX
HA7 1JS

Quintas Homes Ltd (Registered number: 06001940)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,841 22,795

CURRENT ASSETS
Debtors 5 482,835 695,655
Investments 6 300,025 103,927
Prepayments and accrued income - 50,000
Cash at bank 219,087 199,055
1,001,947 1,048,637
CREDITORS
Amounts falling due within one year 7 95,709 177,087
NET CURRENT ASSETS 906,238 871,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

924,079

894,345

CREDITORS
Amounts falling due after more than one year 8 (248,326 ) (291,280 )

PROVISIONS FOR LIABILITIES (3,171 ) (4,064 )
NET ASSETS 672,582 599,001

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 672,382 598,801
SHAREHOLDERS' FUNDS 672,582 599,001

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

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

Quintas Homes Ltd (Registered number: 06001940)

Statement of Financial Position - continued
30 April 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 10 November 2023 and were signed on its behalf by:





Mr Harish Halai - Director


Quintas Homes Ltd (Registered number: 06001940)

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

1. STATUTORY INFORMATION

Quintas Homes 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

Quintas Homes Ltd (Registered number: 06001940)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 163,124
Additions 994
At 30 April 2023 164,118
DEPRECIATION
At 1 May 2022 140,329
Charge for year 5,948
At 30 April 2023 146,277
NET BOOK VALUE
At 30 April 2023 17,841
At 30 April 2022 22,795

5. DEBTORS
30.4.23 30.4.22
£    £   
Amounts falling due within one year:
Trade debtors 6,947 120,920
Other debtors 11,678 16,354
18,625 137,274

Amounts falling due after more than one year:
Other debtors 464,210 558,381

Aggregate amounts 482,835 695,655

During the year ended 30 April 2023, Quintas Homes Ltd has provided an interest free loan to related parties.

A loan of £372,235 has been provided to Lyonwood Ltd.

A loan of £88,950 has been provided to Stangate (UK) Ltd, a company in which Quintas Homes Ltd is a shareholder and Mr S Haria is a director.

A loan of £2,500 has been provided to HTE Management Ltd, a company in which Quintas Homes Ltd is a shareholder and Mr S Haria and Mr H Halai are directors.

These loans are being reflected accordingly under Debtors - Amounts falling due after more than one year.

Quintas Homes Ltd (Registered number: 06001940)

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

6. CURRENT ASSET INVESTMENTS
30.4.23 30.4.22
£    £   
Unlisted investments 300,025 103,927

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 4,728 8,553
Trade creditors 19,850 80,665
Taxation and social security 19,610 20,894
Other creditors 51,521 66,975
95,709 177,087

During the year ended 30 April 2023, Quintas Homes Ltd received an interest free loan of £14,600 from Quintas Group Ltd, the parent company of Quintas Homes Ltd. This loan is repayable on demand and is being reflected accordingly under Creditor - Amounts falling due within one year.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 248,326 291,280

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Other Loans 216,842 250,000

The Loan is Secured by the assets of the parent company Quintas Group Ltd.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the Year Ended 30 April 2023, Quintas Homes Ltd owed £30,000 to its directors. This amount is reflected in their respective director's loan accounts in credit balances, which is shown as part of Other creditors under Creditors due within one year. Please be advised that all the directors have agreed to provide this loan on an interest free basis and the loan is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Quintas Group Ltd.