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REGISTERED NUMBER: 13691655 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

Q AND A PROPERTIES LIMITED

Q AND A PROPERTIES LIMITED (REGISTERED NUMBER: 13691655)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Q AND A PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31st October 2023







Directors: Dr Q A Abbasali
Ms A J Gruber





Registered office: Flat-6 243 Dickenson Road
Manchester
United Kingdom
M13 0YW





Registered number: 13691655 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Q AND A PROPERTIES LIMITED (REGISTERED NUMBER: 13691655)

BALANCE SHEET
31st October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Investment property 4 324,000 287,815

Current assets
Cash at bank 1,809 2,650

Creditors
Amounts falling due within one year 5 2,132 2,081
Net current (liabilities)/assets (323 ) 569
Total assets less current liabilities 323,677 288,384

Creditors
Amounts falling due after more than one
year

6

(276,172

)

(283,250

)

Provisions for liabilities (7,053 ) -
Net assets 40,452 5,134

Capital and reserves
Called up share capital 7 100 100
Fair value reserves 30,067 -
Retained earnings 10,285 5,034
Shareholders' funds 40,452 5,134

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

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

Q AND A PROPERTIES LIMITED (REGISTERED NUMBER: 13691655)

BALANCE SHEET - continued
31st October 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 1st February 2024 and were signed on its behalf by:





Dr Q A Abbasali - Director


Q AND A PROPERTIES LIMITED (REGISTERED NUMBER: 13691655)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023

1. Statutory information

Q And A Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

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.

3. Employees and directors

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

Q AND A PROPERTIES LIMITED (REGISTERED NUMBER: 13691655)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023

4. Investment property
Total
£   
Fair value
At 1st November 2022 287,815
Additions (935 )
Revaluations 37,120
At 31st October 2023 324,000
Net book value
At 31st October 2023 324,000
At 31st October 2022 287,815

Fair value at 31st October 2023 is represented by:
£   
Valuation in 2023 37,120
Cost 286,880
324,000

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Tax 1,232 1,181
Accrued expenses 900 900
2,132 2,081

6. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loan 203,570 203,570
Directors loan a/c 72,602 79,680
276,172 283,250

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100