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REGISTERED NUMBER: 14195187 (England and Wales)















Unaudited Financial Statements

for the Period 24 June 2022 to 30 June 2023

for

Q4 LTD

Q4 LTD (REGISTERED NUMBER: 14195187)






Contents of the Financial Statements
for the period 24 June 2022 to 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Q4 LTD

Company Information
for the period 24 June 2022 to 30 June 2023







DIRECTORS: C J Wainwright
D S Wainwright





REGISTERED OFFICE: 61A Bridge Street
Kington
Hereford
Herefordshire
HR5 3DJ





REGISTERED NUMBER: 14195187 (England and Wales)





ACCOUNTANTS: Martin Waterworth Limited
Chartered Accountants
Bronwylfa
Llangunnor Road
Carmarthen
Dyfed
SA31 2PB

Q4 LTD (REGISTERED NUMBER: 14195187)

Balance Sheet
30 June 2023

Notes £    £   
FIXED ASSETS
Investment property 4 39,502

CURRENT ASSETS
Debtors 5 100

CREDITORS
Amounts falling due within one year 6 39,502
NET CURRENT LIABILITIES (39,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES
Called up share capital 100
100

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





C J Wainwright - Director


Q4 LTD (REGISTERED NUMBER: 14195187)

Notes to the Financial Statements
for the period 24 June 2022 to 30 June 2023

1. STATUTORY INFORMATION

Q4 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 39,502
At 30 June 2023 39,502
NET BOOK VALUE
At 30 June 2023 39,502

Q4 LTD (REGISTERED NUMBER: 14195187)

Notes to the Financial Statements - continued
for the period 24 June 2022 to 30 June 2023

4. INVESTMENT PROPERTY - continued

Included in fair value of investment property is freehold land of £ 39,502 which is not depreciated.

The property was linked to coal mining, the production of coke and the coal washeries. It is adjacent to the former spoil tip and was purchased through auction with negligible opportunity to conduct any due diligence. It was purchased through Q4 Ltd, therefore, to protect against possible future liabilities that could have arisen from undisclosed land contamination. This option was taken rather than purchasing the land directly through Answers and Solutions Ltd, which is entirely owned by one of the directors. Answers and Solutions Ltd operates its own separate trade.

Answers and Solutions Ltd has taken up a tenancy of 10 years with Q4. A peppercorn rent of £1 per year has been agreed, but will be waived initially due to the fact that Answers and Solutions Ltd is incurring land remediation costs and other expenses in the early years.

The property (which comprises land only) has not been formally valued at this early point in its life. As such, the initial cost is a fair value per the director, who is confident it was purchased for a good price.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 100

Other debtors of £100 is for unpaid share capital.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 39,502

Other creditors of £39,502 relates to a loan from DS Wainwright to purchase the land. He is co-owner of Q4 Ltd, and was appointed director on 1 February 2024. There are no formal arrangements for repayment of the loan, and is interest-free.