Registered number
13927645
Quayside Estates Ltd
Filleted Accounts
29 February 2024
Quayside Estates Ltd
Registered number: 13927645
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 345,356 167,484
Investments 4 13,150 -
358,506 167,484
Current assets
Cash at bank and in hand 20,337 239,977
Creditors: amounts falling due within one year 5 (377,010) (407,722)
Net current liabilities (356,673) (167,745)
Net assets/(liabilities) 1,833 (261)
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,831 (263)
Shareholders' funds 1,833 (261)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr R M Davies
Director
Approved by the board on 26 March 2024
Quayside Estates Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 March 2023 167,484
Additions 177,872
At 29 February 2024 345,356
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 345,356
At 28 February 2023 167,484
4 Investments
Other
investments
£
Cost
Additions 13,150
At 29 February 2024 13,150
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 600 240
Taxation and social security costs 429 -
Other creditors 375,981 407,482
377,010 407,722
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr J C Davies
Directors loan (7,482) - (7,849) (15,331)
(7,482) - (7,849) (15,331)
7 Related party transactions
At the year end the company owed Quayside Orthodontics Ltd £360,650. The directors & shareholders of Quayside Orthodontics Ltd are Dr J C Davies & Dr R M Davies.
8 Other information
Quayside Estates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Ty Royden
Job's Well Road
Carmarthen
Wales
SA31 3HG
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