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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
Page
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QF PROPERTIES LTD. Company Information for the year ended 31 October 2023
Director
Stefanus Seelen
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
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QF PROPERTIES LTD. Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
656,642 
660,120 
Current assets
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)
Capital and reserves
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
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QF PROPERTIES LTD. Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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:
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 
Depreciation
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 
Net book value
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 
165,797 
157,242 
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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 
7
Loans to directors
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).
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