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REGISTERED NUMBER: 04632833 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Quayvalley Limited

Quayvalley Limited (Registered number: 04632833)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quayvalley Limited

Company Information
For The Year Ended 31 December 2023







DIRECTORS: C K Prescot
Mrs S M Prescot





REGISTERED OFFICE: 40 Panorama Road
Poole
Dorset
BH13 7RE





REGISTERED NUMBER: 04632833 (England and Wales)





ACCOUNTANTS: Butler & Co (Bishops Waltham) Limited
Chartered Accountants
Avalon House
Waltham Business Park
Brickyard Road, Swanmore
Southampton
Hampshire
SO32 2SA

Quayvalley Limited (Registered number: 04632833)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 5 359,984 452,734
Investment property 6 807,774 514,800
1,167,758 967,534

CURRENT ASSETS
Stocks 119,829 349,283
Debtors 7 303 100
Cash at bank 71,578 44,953
191,710 394,336
CREDITORS
Amounts falling due within one year 8 215,934 263,213
NET CURRENT (LIABILITIES)/ASSETS (24,224 ) 131,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,143,534

1,098,657

PROVISIONS FOR LIABILITIES 19,932 19,932
NET ASSETS 1,123,602 1,078,725

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,123,402 1,078,525
SHAREHOLDERS' FUNDS 1,123,602 1,078,725

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Quayvalley Limited (Registered number: 04632833)

Balance Sheet - continued
31 December 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 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 15 April 2024 and were signed on its behalf by:





C K Prescot - Director


Quayvalley Limited (Registered number: 04632833)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Quayvalley 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
Investment properties are measured at their fair value estimated by the directors based on the current market value of the properties.

Turnover
Turnover represents net distributions from the company's property portfolio and also management consultancy fees.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.


Quayvalley Limited (Registered number: 04632833)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued
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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
£    £   
Participating interests 70 70
Loans to undertakings in which the company
has a participating interest

359,914

452,664
359,984 452,734

Additional information is as follows:
Interest
in
associate
£   
COST
At 1 January 2023
and 31 December 2023 70
NET BOOK VALUE
At 31 December 2023 70
At 31 December 2022 70
Loans to
associates
£   
At 1 January 2023 452,664
Repayment in year (92,750 )
At 31 December 2023 359,914

Quayvalley Limited (Registered number: 04632833)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 514,800
Additions 292,974
At 31 December 2023 807,774
NET BOOK VALUE
At 31 December 2023 807,774
At 31 December 2022 514,800

The tangible assets represent an interest in the freehold of two properties.

Investment properties are included at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2014 139,773
Valuation in 2016 (6,988 )
Valuation in 2019 (35,492 )
Cost 710,481
807,774

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 710,481 417,507

Investment properties were valued on fair value basis on 31 December 2022 by the company directors. .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 303 100

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 10,942 3,966
Directors' current accounts 200,000 249,919
Accruals and deferred income 4,992 9,328
215,934 263,213

Quayvalley Limited (Registered number: 04632833)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

9. RELATED PARTY DISCLOSURES

The company holds 34.31% of the share capital of Type One Investments Limited, a company registered in England and Wales. During the year the company received loan repayments from this associated company. The loans to associated companies are repayable on demand.

10. POST BALANCE SHEET EVENTS

During the year costs were incurred relating to the potential future redevelopment of one of the investment properties. The directors estimate that this does not affect the current fair value of the property and therefore is a non-adjusting post balance sheet event.