Quarters of Sussex Limited 10112028 true 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is Dog kennel design and production. Digita Accounts Production Advanced 6.30.9574.0 true Mrs Mimmi Warnfeldt-Rush Mr Gavin Lee Mark Warnfeldt-Rush true 10112028 2022-05-01 2023-04-30 10112028 2023-04-30 10112028 bus:OrdinaryShareClass1 2023-04-30 10112028 core:RetainedEarningsAccumulatedLosses 2023-04-30 10112028 core:ShareCapital 2023-04-30 10112028 core:CurrentFinancialInstruments 2023-04-30 10112028 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 10112028 core:CurrentFinancialInstruments core:WithinOneYear 2 2023-04-30 10112028 core:Non-currentFinancialInstruments 2023-04-30 10112028 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 10112028 core:FurnitureFittingsToolsEquipment 2023-04-30 10112028 core:OtherPropertyPlantEquipment 2023-04-30 10112028 bus:FRS102 2022-05-01 2023-04-30 10112028 bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10112028 bus:FullAccounts 2022-05-01 2023-04-30 10112028 bus:RegisteredOffice 2022-05-01 2023-04-30 10112028 bus:Director1 2022-05-01 2023-04-30 10112028 bus:Director2 2022-05-01 2023-04-30 10112028 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 10112028 bus:EntityNoLongerTradingButTradedInPast 2022-05-01 2023-04-30 10112028 bus:Consolidated 2022-05-01 2023-04-30 10112028 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10112028 core:OfficeEquipment 2022-05-01 2023-04-30 10112028 core:PlantMachinery 2022-05-01 2023-04-30 10112028 countries:EnglandWales 2022-05-01 2023-04-30 10112028 2022-04-30 10112028 core:FurnitureFittingsToolsEquipment 2022-04-30 10112028 core:OtherPropertyPlantEquipment 2022-04-30 10112028 2022-04-30 10112028 bus:OrdinaryShareClass1 2022-04-30 10112028 core:RetainedEarningsAccumulatedLosses 2022-04-30 10112028 core:ShareCapital 2022-04-30 10112028 core:CurrentFinancialInstruments 2022-04-30 10112028 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 10112028 core:CurrentFinancialInstruments core:WithinOneYear 2 2022-04-30 10112028 core:Non-currentFinancialInstruments 2022-04-30 10112028 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 10112028 core:FurnitureFittingsToolsEquipment 2022-04-30 10112028 core:OtherPropertyPlantEquipment 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10112028

Quarters of Sussex Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Quarters of Sussex Limited

Profit and Loss Account for the Year Ended 30 April 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Quarters of Sussex Limited

(Registration number: 10112028)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

1,304

1,304

Current assets

 

Debtors

4

16,416

16,416

Creditors: Amounts falling due within one year

5

(6,137)

(6,137)

Net current assets

 

10,279

10,279

Total assets less current liabilities

 

11,583

11,583

Creditors: Amounts falling due after more than one year

5

(14,672)

(14,672)

Net liabilities

 

(3,089)

(3,089)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(3,189)

(3,189)

Shareholders' deficit

 

(3,089)

(3,089)

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 16 January 2024 and signed on its behalf by:
 

.........................................
Mr Gavin Lee Mark Warnfeldt-Rush
Director

 

Quarters of Sussex Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Smugglers Cottage
1 Victoria Road
Crawley
West Sussex
RH11 7AU

These financial statements were authorised for issue by the Board on 16 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Reducing Balance

Office Equipment

25% Reducing Balance

 

Quarters of Sussex Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Quarters of Sussex Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

3

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2022

588

2,617

3,205

At 30 April 2023

588

2,617

3,205

Depreciation

At 1 May 2022

326

1,575

1,901

At 30 April 2023

326

1,575

1,901

Carrying amount

At 30 April 2023

262

1,042

1,304

At 30 April 2022

262

1,042

1,304

4

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

2,768

2,768

Amounts owed by related parties

13,259

13,259

Income tax asset

389

389

   

16,416

16,416

5

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

5,717

5,716

Amounts due to related parties

-

1

Accruals

 

420

420

 

6,137

6,137

Due after one year

 

Loans and borrowings

7

14,672

14,672

6

Share capital

Allotted, called up and fully paid shares

 

Quarters of Sussex Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

14,672

14,672

2023
£

2022
£

Current loans and borrowings

Bank borrowings

3,891

3,891

Bank overdrafts

1,826

1,825

5,717

5,716