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REGISTERED NUMBER: 09123657 (England and Wales)















QUILTER ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






QUILTER ESTATES LIMITED (REGISTERED NUMBER: 09123657)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


QUILTER ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: W E Barton
G W Barton
A S Barton
H C Barton





REGISTERED OFFICE: Hall Farm
Saundby
Retford
Nottinghamshire
DN22 9ER





REGISTERED NUMBER: 09123657 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

QUILTER ESTATES LIMITED (REGISTERED NUMBER: 09123657)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 483,923 483,923

CURRENT ASSETS
Debtors 5 250 250
Cash at bank 9,792 4,188
10,042 4,438
CREDITORS
Amounts falling due within one year 6 203,682 185,099
NET CURRENT LIABILITIES (193,640 ) (180,661 )
TOTAL ASSETS LESS CURRENT LIABILITIES 290,283 303,262

CREDITORS
Amounts falling due after more than one year 7 (127,500 ) (137,500 )

PROVISIONS FOR LIABILITIES (10,828 ) (10,828 )
NET ASSETS 151,955 154,934

CAPITAL AND RESERVES
Called up share capital 9 350 350
Revaluation reserve 10 29,884 29,884
Retained earnings 121,721 124,700
SHAREHOLDERS' FUNDS 151,955 154,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:





W E Barton - Director


QUILTER ESTATES LIMITED (REGISTERED NUMBER: 09123657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Quilter Estates Limited 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 as modified by the revaluation of certain assets.

Revenue
Revenue represents the rents payable to the company in respect of the accounting period.

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 4 (2022 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 483,923
NET BOOK VALUE
At 31 October 2023 483,923
At 31 October 2022 483,923

The directors consider the carrying value of investment properties to be a fair and reasonable value on an open market basis at 31 October 2023.

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2021 43,311
Cost 440,612
483,923

QUILTER ESTATES LIMITED (REGISTERED NUMBER: 09123657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 250 250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 313 -
Taxation and social security 5,165 6,513
Other creditors 188,204 168,586
203,682 185,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 127,500 137,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 87,500 97,500

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 137,500 147,500

The bank loan is secured against the freehold properties.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
50 C Ordinary £1 50 50
50 D Ordinary £1 50 50
50 E Ordinary £1 50 50
50 F Ordinary £1 50 50
50 G Ordinary £1 50 50
350 350

10. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 29,884