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Company Registration No. NI664908 (Northern Ireland)
101 Queensway LTD Unaudited accounts for the year ended 31 October 2023
101 Queensway LTD Unaudited accounts Contents
Page
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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
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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
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101 Queensway LTD Statement of financial position as at 31 October 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
50,000 
Tangible assets
614,006 
664,006 
Current assets
Debtors
3,039 
Cash at bank and in hand
548,987 
552,026 
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
Other provisions
801 
Net assets
962,626 
Capital and reserves
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
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101 Queensway LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
50,000 
At 31 October 2023
50,000 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
50,000 
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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 
Depreciation
At 31 October 2023
- 
- 
- 
- 
Net book value
At 31 October 2023
500,000 
8,716 
105,290 
614,006 
6
Debtors
2023 
£ 
Amounts falling due within one year
VAT
3,039 
7
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
33,229 
Taxes and social security
(641)
Other creditors
41,965 
74,553 
8
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
179,654 
9
Average number of employees
During the year the average number of employees was 0.
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