REGISTERED NUMBER: |
5QBanat Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
REGISTERED NUMBER: |
5QBanat Limited |
Unaudited Financial Statements |
for the Year Ended 31 March 2023 |
5QBanat Limited (Registered number: 13210092) |
Contents of the Financial Statements |
for the year ended 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
5QBanat Limited |
Company Information |
for the year ended 31 March 2023 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
250 Fowler Avenue |
Farnborough |
Hampshire |
GU14 7JP |
5QBanat Limited (Registered number: 13210092) |
Balance Sheet |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 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 | 7 |
Retained earnings |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
5QBanat Limited (Registered number: 13210092) |
Notes to the Financial Statements |
for the year ended 31 March 2023 |
1. | Statutory information |
5QBanat Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. |
The financial statements have been prepared under the historical cost convention and modified to include investment properties at fair value. The principle accounting policies adopted are set out below. |
Reporting Period |
The prior year figures are for the period 18 February 2021 to 31 March 2022, therefore the comparatives are not entirely comparable. |
Turnover |
Turnover represents amounts receivable for services provided in the year and is stated net of VAT. |
Investment property |
Investment property is measured at fair value at the reporting date. |
Financial instruments |
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its Financial instruments. |
Basic financial assets |
Basic financial assets, which include debtors and bank balances are measured at transaction price including transaction costs. |
Basic financial liabilities |
Basic financial liabilities, including creditor and bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. |
Trade creditors |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price. |
Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
3. | Employees and directors |
The average number of employees during the year was |
5QBanat Limited (Registered number: 13210092) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2023 |
4. | Investment property |
Total |
£ |
Fair value |
At 1 April 2022 |
and 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 March 2022 |
The directors have considered the fair value of the investment properties at the reporting date and do not believe there to be a material charge since acquisition. For that reason, there has been no fair value adjustment. |
These investment properties have been secured by way of a fixed and floating charge. See note 6 for more details. |
5. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade debtors |
Other debtors |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
Included in other creditors are loans of £19,393,632 (2022 £19,983,647) which are secured by way of a fixed and floating charge against the investment properties of the company. |
7. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 10 | 10 |