IRIS Accounts Production v24.1.4.33 04494690 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044946902023-06-30044946902024-06-30044946902023-07-012024-06-30044946902022-06-30044946902022-07-012023-06-30044946902023-06-3004494690ns15:EnglandWales2023-07-012024-06-3004494690ns14:PoundSterling2023-07-012024-06-3004494690ns10:Director12023-07-012024-06-3004494690ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3004494690ns10:SmallEntities2023-07-012024-06-3004494690ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3004494690ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3004494690ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3004494690ns10:FullAccounts2023-07-012024-06-3004494690ns10:Director22023-07-012024-06-3004494690ns10:CompanySecretary12023-07-012024-06-3004494690ns10:RegisteredOffice2023-07-012024-06-3004494690ns5:CurrentFinancialInstruments2024-06-3004494690ns5:CurrentFinancialInstruments2023-06-3004494690ns5:ShareCapital2024-06-3004494690ns5:ShareCapital2023-06-3004494690ns5:RetainedEarningsAccumulatedLosses2024-06-3004494690ns5:RetainedEarningsAccumulatedLosses2023-06-3004494690ns5:PlantMachinery2023-07-012024-06-3004494690ns5:LandBuildings2023-06-3004494690ns5:PlantMachinery2023-06-3004494690ns5:LandBuildings2023-07-012024-06-3004494690ns5:LandBuildings2024-06-3004494690ns5:PlantMachinery2024-06-3004494690ns5:LandBuildings2023-06-3004494690ns5:PlantMachinery2023-06-3004494690ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3004494690ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30
REGISTERED NUMBER: 04494690 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Quayside Properties (Faversham) Limited

Quayside Properties (Faversham) Limited (Registered number: 04494690)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Quayside Properties (Faversham) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs N F White
M S White





SECRETARY: Mrs N F White





REGISTERED OFFICE: Mindora heights
Mill Lane Harbledown
Canterbury
Kent
CT2 8NG





REGISTERED NUMBER: 04494690 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Quayside Properties (Faversham) Limited (Registered number: 04494690)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 890,162 866,633

CURRENT ASSETS
Debtors 5 574,300 579,704
Cash at bank and in hand 148,008 46,355
722,308 626,059
CREDITORS
Amounts falling due within one year 6 387,386 1,463,731
NET CURRENT ASSETS/(LIABILITIES) 334,922 (837,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,225,084

28,961

PROVISIONS FOR LIABILITIES 7,631 221
NET ASSETS 1,217,453 28,740

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,216,453 27,740
1,217,453 28,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:



M S White - Director


Quayside Properties (Faversham) Limited (Registered number: 04494690)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Quayside Properties (Faversham) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The company's day to day working capital is met through loan accounts with related parties and the directors. These businesses have given their undertaking not to draw down on the loans to the detriment of the company and the director therefore considers it appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Quayside Properties (Faversham) Limited (Registered number: 04494690)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 850,000 165,585 1,015,585
Additions - 42,405 42,405
At 30 June 2024 850,000 207,990 1,057,990
DEPRECIATION
At 1 July 2023 - 148,952 148,952
Charge for year - 18,876 18,876
At 30 June 2024 - 167,828 167,828
NET BOOK VALUE
At 30 June 2024 850,000 40,162 890,162
At 30 June 2023 850,000 16,633 866,633

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,527 8,896
Amounts owed by group undertakings 1,654 976
Other debtors 567,119 569,832
574,300 579,704

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,937 18,912
Taxation and social security 51,700 38,305
Other creditors 329,749 1,406,514
387,386 1,463,731

Quayside Properties (Faversham) Limited (Registered number: 04494690)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. RELATED PARTY DISCLOSURES

Loans were advanced between businesses controlled by M S White and the amounts outstanding at the year-end were as follows:

Kent Properties Limited - £18,765.75 (2023: £-1,044,977)
Ordnance Wharf Limited - £29,266 (2023 £29,265)
The Duke William Limited - £0 (2023 £-92,009)
Nova (Kent) Limited - £-883 (2023 £-883)
Creekside Developments (Faversham) Limited - £517,689 (2023 £520,561)
Abbey Road Developments (Faversham) Limited - £2,759 (2023 £2,399)
Standard Quay Tearoom Limited - £168 (2023 £715)
The Furniture Barn Faversham - £-6,209.98
Papa Bianco Ltd - £252.09



The loans are not subject to an interest charge and are repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr and Mrs White, the directors of the company, by virtue of their 100% shareholding