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REGISTERED NUMBER: 13876553 (England and Wales)















Q Build Property Limited

Unaudited Financial Statements for the Year Ended 31 January 2024






Q Build Property Limited (Registered number: 13876553)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Q Build Property Limited (Registered number: 13876553)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 585,000 275,000

CURRENT ASSETS
Debtors 5 58,321 40,250
Cash at bank 62,708 1,680
121,029 41,930
CREDITORS
Amounts falling due within one year 6 482,964 382,975
NET CURRENT LIABILITIES (361,935 ) (341,045 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,065

(66,045

)

CREDITORS
Amounts falling due after more than
one year

7

(303,413

)

-

PROVISIONS FOR LIABILITIES (11,920 ) (7,452 )
NET LIABILITIES (92,268 ) (73,497 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (92,368 ) (73,597 )
(92,268 ) (73,497 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Q Build Property Limited (Registered number: 13876553)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




Mr G P Kew - Director



Mrs Y Kew - Director


Q Build Property Limited (Registered number: 13876553)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Q Build Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13876553

Registered office: Suite 16 Enterprise House
Telford Road
Bicester
Oxon
OX26 4LD

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Q Build Property Limited (Registered number: 13876553)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 275,000
Additions 247,262
Revaluations 62,738
At 31 January 2024 585,000
NET BOOK VALUE
At 31 January 2024 585,000
At 31 January 2023 275,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 39,221
Valuation in 2024 62,737
Cost 483,042
585,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 483,042 235,779

The investment properties were valued on an open market basis on 31 January 2024 by the director .

Q Build Property Limited (Registered number: 13876553)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 58,321 40,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 131,204
Amounts owed to group undertakings 208,500 139,500
Other creditors 274,464 112,271
482,964 382,975

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 303,413 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 303,413 -

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 303,413 131,204

The long term loans are secured by negative pledges and/or fixed charges over the investment properties held in the company.