Company Registration No. 10749905 (England and Wales)
QF PROPERTIES LTD.
Unaudited accounts
for the year ended 31 October 2023
QF PROPERTIES LTD.
Unaudited accounts
Contents
QF PROPERTIES LTD.
Company Information
for the year ended 31 October 2023
Company Number
10749905 (England and Wales)
Registered Office
1 BURGESS CLOSE
CAISTER-ON-SEA
GREAT YARMOUTH
NORFOLK
NR30 5XD
UNITED KINGDOM
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
QF PROPERTIES LTD.
Statement of financial position
as at 31 October 2023
Tangible assets
656,642
660,120
Cash at bank and in hand
5,592
3,876
Creditors: amounts falling due within one year
(165,797)
(157,242)
Net current liabilities
(160,205)
(153,366)
Total assets less current liabilities
496,437
506,754
Creditors: amounts falling due after more than one year
(572,900)
(578,132)
Net liabilities
(76,463)
(71,378)
Called up share capital
100
100
Profit and loss account
(76,563)
(71,478)
Shareholders' funds
(76,463)
(71,378)
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 director acknowledges his 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 29 July 2024 and were signed on its behalf by
Stefanus Seelen
Director
Company Registration No. 10749905
QF PROPERTIES LTD.
Notes to the Accounts
for the year ended 31 October 2023
QF PROPERTIES LTD. is a private company, limited by shares, registered in England and Wales, registration number 10749905. The registered office is 1 BURGESS CLOSE, CAISTER-ON-SEA, GREAT YARMOUTH, NORFOLK, NR30 5XD, 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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
654,352
28,542
12,253
695,147
Additions
(575)
-
190
(385)
At 31 October 2023
653,777
28,542
12,443
694,762
At 1 November 2022
-
28,542
6,485
35,027
Charge for the year
-
-
3,093
3,093
At 31 October 2023
-
28,542
9,578
38,120
At 31 October 2023
653,777
-
2,865
656,642
At 31 October 2022
654,352
-
5,768
660,120
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(2,069)
(1,401)
Other creditors
154,724
146,643
Loans from directors
13,142
12,000
QF PROPERTIES LTD.
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
572,900
578,132
During the year loans totalling £13,142.00 were received from the directors. These remain outstanding at the year end and are interest bearing and repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).