Company Registration No. 14459184 (England and Wales)
Qbd Property Ltd
Unaudited accounts
for the period from 2 November 2022 to 30 November 2023
Qbd Property Ltd
Unaudited accounts
Contents
Qbd Property Ltd
Company Information
for the period from 2 November 2022 to 30 November 2023
Director
Anna Louise Slater
Company Number
14459184 (England and Wales)
Registered Office
Driftwood
Brewery Lane
Royston
SG8 6NS
England
Accountants
Collective Concepts Accounting Ltd
Qbd Property Ltd
Statement of financial position
as at 30 November 2023
Investment property
168,628
Cash at bank and in hand
3,570
Creditors: amounts falling due within one year
(175,571)
Net current liabilities
(171,176)
Profit and loss account
(2,549)
Shareholders' funds
(2,548)
For the period ending 30 November 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 director acknowledges her 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 and authorised for issue on 30 July 2024 and were signed on its behalf by
Anna Louise Slater
Director
Company Registration No. 14459184
Qbd Property Ltd
Notes to the Accounts
for the period from 2 November 2022 to 30 November 2023
Qbd Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 14459184. The registered office is Driftwood, Brewery Lane, Royston, SG8 6NS, England.
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.
These financial statements for the period from 2 November 2022 to 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 2 November 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends upon continuing support of the creditors, the director and on funding from other external sources. If the company were unable to continue in operational existence for the foreseeable future, adjustment would have to be made to reduce the balance sheet values of the assets to recoverable amounts, and to provide for further liabilities that might arise.
The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
Income from rent of investment property is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
At 30 November 2023
168,628
Qbd Property Ltd
Notes to the Accounts
for the period from 2 November 2022 to 30 November 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Amounts owed to group undertakings and other participating interests
51,401
Loans from directors
122,611
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
8
Transactions with related parties
The company has a balance of £49,601 owed to QbD Consulting Ltd an entity under common control.
9
Average number of employees
During the period the average number of employees was 1.