Company Registration No. NI664908 (Northern Ireland)
101 Queensway LTD
Unaudited accounts
for the year ended 31 October 2023
101 Queensway LTD
Unaudited accounts
Contents
101 Queensway LTD
Company Information
for the year ended 31 October 2023
Directors
Martin Woods
Majella Woods
Company Number
NI664908 (Northern Ireland)
Registered Office
15 BLACKWOOD CRESCENT
Helens Bay
Bangor
Co Down
BT19 1TJ
United Kingdom
Accountants
Hospitality Accounting Solutions ltd
15 Blackwood Crescent
Helens Bay
Bangor
BT19 1TJ
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
101 Queensway LTD
for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 101 Queensway LTD for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of 101 Queensway LTD, as a body, in accordance with the terms of our engagement letter dated 1 August 2018. Our work has been undertaken solely to prepare for your approval the accounts of 101 Queensway LTD and state those matters that we have agreed to state to the Board of Directors of 101 Queensway LTD, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 101 Queensway LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that 101 Queensway LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of 101 Queensway LTD. You consider that 101 Queensway LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of 101 Queensway LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Hospitality Accounting Solutions ltd
Member in Practice
15 Blackwood Crescent
Helens Bay
Bangor
BT19 1TJ
29 July 2024
101 Queensway LTD
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
548,987
Creditors: amounts falling due within one year
(74,553)
Net current assets
477,473
Total assets less current liabilities
1,141,479
Creditors: amounts falling due after more than one year
(179,654)
Provisions for liabilities
Revaluation reserve
650,000
Profit and loss account
312,626
Shareholders' funds
962,626
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2014 and were signed on its behalf by
Martin Woods
Director
Company Registration No. NI664908
101 Queensway LTD
Notes to the Accounts
for the year ended 31 October 2023
101 Queensway LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI664908. The registered office is 15 BLACKWOOD CRESCENT, Helens Bay, Bangor, Co Down, BT19 1TJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
101 Queensway LTD
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
500,000
8,716
105,290
614,006
At 31 October 2023
500,000
8,716
105,290
614,006
At 31 October 2023
-
-
-
-
At 31 October 2023
500,000
8,716
105,290
614,006
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
Taxes and social security
(641)
8
Creditors: amounts falling due after more than one year
2023
9
Average number of employees
During the year the average number of employees was 0.