2022-11-012023-10-312023-10-31false05087419I.Q. DEVELOPMENTS (UK) LIMITED2024-03-01iso4217:GBPxbrli:pure050874192022-11-01050874192023-10-31050874192022-11-012023-10-31050874192021-11-01050874192022-10-31050874192021-11-012022-10-3105087419bus:SmallEntities2022-11-012023-10-3105087419bus:AuditExempt-NoAccountantsReport2022-11-012023-10-3105087419bus:FullAccounts2022-11-012023-10-3105087419bus:PrivateLimitedCompanyLtd2022-11-012023-10-3105087419core:WithinOneYear2023-10-3105087419core:AfterOneYear2023-10-3105087419core:WithinOneYear2022-10-3105087419core:AfterOneYear2022-10-3105087419core:ShareCapital2023-10-3105087419core:SharePremium2023-10-3105087419core:RevaluationReserve2023-10-3105087419core:OtherReservesSubtotal2023-10-3105087419core:RetainedEarningsAccumulatedLosses2023-10-3105087419core:ShareCapital2022-10-3105087419core:SharePremium2022-10-3105087419core:RevaluationReserve2022-10-3105087419core:OtherReservesSubtotal2022-10-3105087419core:RetainedEarningsAccumulatedLosses2022-10-3105087419core:LandBuildings2023-10-3105087419core:PlantMachinery2023-10-3105087419core:Vehicles2023-10-3105087419core:FurnitureFittings2023-10-3105087419core:OfficeEquipment2023-10-3105087419core:NetGoodwill2023-10-3105087419core:IntangibleAssetsOtherThanGoodwill2023-10-3105087419core:ListedExchangeTraded2023-10-3105087419core:UnlistedNon-exchangeTraded2023-10-3105087419core:LandBuildings2022-10-3105087419core:PlantMachinery2022-10-3105087419core:Vehicles2022-10-3105087419core:FurnitureFittings2022-10-3105087419core:OfficeEquipment2022-10-3105087419core:NetGoodwill2022-10-3105087419core:IntangibleAssetsOtherThanGoodwill2022-10-3105087419core:ListedExchangeTraded2022-10-3105087419core:UnlistedNon-exchangeTraded2022-10-3105087419core:LandBuildings2022-11-012023-10-3105087419core:PlantMachinery2022-11-012023-10-3105087419core:Vehicles2022-11-012023-10-3105087419core:FurnitureFittings2022-11-012023-10-3105087419core:OfficeEquipment2022-11-012023-10-3105087419core:NetGoodwill2022-11-012023-10-3105087419core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3105087419core:ListedExchangeTraded2022-11-012023-10-3105087419core:UnlistedNon-exchangeTraded2022-11-012023-10-3105087419core:MoreThanFiveYears2022-11-012023-10-3105087419core:Non-currentFinancialInstruments2023-10-3105087419core:Non-currentFinancialInstruments2022-10-3105087419dpl:CostSales2022-11-012023-10-3105087419dpl:DistributionCosts2022-11-012023-10-3105087419core:LandBuildings2022-11-012023-10-3105087419core:PlantMachinery2022-11-012023-10-3105087419core:Vehicles2022-11-012023-10-3105087419core:FurnitureFittings2022-11-012023-10-3105087419core:OfficeEquipment2022-11-012023-10-3105087419dpl:AdministrativeExpenses2022-11-012023-10-3105087419core:NetGoodwill2022-11-012023-10-3105087419core:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3105087419dpl:GroupUndertakings2022-11-012023-10-3105087419dpl:ParticipatingInterests2022-11-012023-10-3105087419dpl:GroupUndertakingscore:ListedExchangeTraded2022-11-012023-10-3105087419core:ListedExchangeTraded2022-11-012023-10-3105087419dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-11-012023-10-3105087419core:UnlistedNon-exchangeTraded2022-11-012023-10-3105087419dpl:CostSales2021-11-012022-10-3105087419dpl:DistributionCosts2021-11-012022-10-3105087419core:LandBuildings2021-11-012022-10-3105087419core:PlantMachinery2021-11-012022-10-3105087419core:Vehicles2021-11-012022-10-3105087419core:FurnitureFittings2021-11-012022-10-3105087419core:OfficeEquipment2021-11-012022-10-3105087419dpl:AdministrativeExpenses2021-11-012022-10-3105087419core:NetGoodwill2021-11-012022-10-3105087419core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-3105087419dpl:GroupUndertakings2021-11-012022-10-3105087419dpl:ParticipatingInterests2021-11-012022-10-3105087419dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-3105087419core:ListedExchangeTraded2021-11-012022-10-3105087419dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-3105087419core:UnlistedNon-exchangeTraded2021-11-012022-10-3105087419core:NetGoodwill2023-10-3105087419core:IntangibleAssetsOtherThanGoodwill2023-10-3105087419core:LandBuildings2023-10-3105087419core:PlantMachinery2023-10-3105087419core:Vehicles2023-10-3105087419core:FurnitureFittings2023-10-3105087419core:OfficeEquipment2023-10-3105087419core:AfterOneYear2023-10-3105087419core:WithinOneYear2023-10-3105087419core:ListedExchangeTraded2023-10-3105087419core:UnlistedNon-exchangeTraded2023-10-3105087419core:ShareCapital2023-10-3105087419core:SharePremium2023-10-3105087419core:RevaluationReserve2023-10-3105087419core:OtherReservesSubtotal2023-10-3105087419core:RetainedEarningsAccumulatedLosses2023-10-3105087419core:NetGoodwill2022-10-3105087419core:IntangibleAssetsOtherThanGoodwill2022-10-3105087419core:LandBuildings2022-10-3105087419core:PlantMachinery2022-10-3105087419core:Vehicles2022-10-3105087419core:FurnitureFittings2022-10-3105087419core:OfficeEquipment2022-10-3105087419core:AfterOneYear2022-10-3105087419core:WithinOneYear2022-10-3105087419core:ListedExchangeTraded2022-10-3105087419core:UnlistedNon-exchangeTraded2022-10-3105087419core:ShareCapital2022-10-3105087419core:SharePremium2022-10-3105087419core:RevaluationReserve2022-10-3105087419core:OtherReservesSubtotal2022-10-3105087419core:RetainedEarningsAccumulatedLosses2022-10-3105087419core:NetGoodwill2021-11-0105087419core:IntangibleAssetsOtherThanGoodwill2021-11-0105087419core:LandBuildings2021-11-0105087419core:PlantMachinery2021-11-0105087419core:Vehicles2021-11-0105087419core:FurnitureFittings2021-11-0105087419core:OfficeEquipment2021-11-0105087419core:AfterOneYear2021-11-0105087419core:WithinOneYear2021-11-0105087419core:ListedExchangeTraded2021-11-0105087419core:UnlistedNon-exchangeTraded2021-11-0105087419core:ShareCapital2021-11-0105087419core:SharePremium2021-11-0105087419core:RevaluationReserve2021-11-0105087419core:OtherReservesSubtotal2021-11-0105087419core:RetainedEarningsAccumulatedLosses2021-11-0105087419core:AfterOneYear2022-11-012023-10-3105087419core:WithinOneYear2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:CostValuation2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-11-012023-10-3105087419core:Non-currentFinancialInstrumentscore:CostValuation2023-10-3105087419core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-3105087419core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-3105087419core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-3105087419core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-3105087419core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-3105087419core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-3105087419core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-3105087419core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-3105087419core:Non-currentFinancialInstrumentscore:CostValuation2022-10-3105087419core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-10-3105087419core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-10-3105087419core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-10-3105087419core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-10-3105087419core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-10-3105087419core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-10-3105087419core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-10-3105087419core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-10-3105087419bus:Director12022-11-012023-10-3105087419bus:Director22022-11-012023-10-31050874191bus:Director22022-11-01050874191bus:Director22022-11-012023-10-31050874191bus:Director22023-10-31050874192022-11-01050874192022-11-012023-10-31050874192023-10-31

I.Q. DEVELOPMENTS (UK) LIMITED

Registered Number
05087419
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2023

I.Q. DEVELOPMENTS (UK) LIMITED
Company Information
for the year from 1 November 2022 to 31 October 2023

Directors

Mrs. N A RICHARDS
S D RIVERS

Registered Address

79 Higher Bore Street
Bodmin
PL31 1JT

Registered Number

05087419 (England and Wales)
I.Q. DEVELOPMENTS (UK) LIMITED
Balance Sheet as at
31 October 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets61,184,8891,204,402
1,184,8891,204,402
Current assets
Debtors9252,175
Cash at bank and on hand62,63761,681
62,66263,856
Creditors amounts falling due within one year10(71,173)(66,543)
Net current assets (liabilities)(8,511)(2,687)
Total assets less current liabilities1,176,3781,201,715
Creditors amounts falling due after one year11(202,097)(233,954)
Net assets974,281967,761
Capital and reserves
Called up share capital120120
Profit and loss account974,161967,641
Shareholders' funds974,281967,761
The financial statements were approved and authorised for issue by the Board of Directors on 1 March 2024, and are signed on its behalf by:
S D RIVERS
Director
Registered Company No. 05087419
I.Q. DEVELOPMENTS (UK) LIMITED
Notes to the Financial Statements
for the year ended 31 October 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of letting and operating of freehold property.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Revenue recognition policy
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.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Going concern
These unaudited financial statements have been prepared on a going concern basis, which presumes the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. Although total liabilities exceed current assets at the balance sheet date, the directors consider that the company has sufficient liquid assets to meet its liabilities as and when they fall due, reliant on their continued support. Accordingly, the directors therefore consider that it is appropriate to prepare the accounts on a going concern basis. This presumes the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future.
5.Employee information

20232022
Average number of employees during the year00
6.Property, plant and equipment

Land & buildings

Total

££
Cost or valuation
At 01 November 221,527,8261,527,826
At 31 October 231,527,8261,527,826
Depreciation and impairment
At 01 November 22323,424323,424
Charge for year19,51319,513
At 31 October 23342,937342,937
Net book value
At 31 October 231,184,8891,184,889
At 31 October 221,204,4021,204,402
7.Description of nature of transactions and balances with related parties
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions where they have occurred under normal market conditions.
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
S D RIVERS(408)1,008408192
(408)1,008408192
The director's current account balances included within debtors of £192 (2022 - £408 within the creditors) has no fixed date for repayment, is repayable upon demand and is non-interest bearing
9.Debtors

2023

2022

££
Trade debtors / trade receivables-2,077
Other debtors2598
Total252,175
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Taxation and social security36,86532,760
Other creditors811408
Accrued liabilities and deferred income33,49733,375
Total71,17366,543
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.
11.Creditors after one year

2023

2022

££
Other creditors202,097233,954
Total202,097233,954