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REGISTERED NUMBER: 12375924 (England and Wales)















Financial Statements

for the Period 28th November 2022 to 26th November 2023

for

IQL Bar Limited

IQL Bar Limited (Registered number: 12375924)

Contents of the Financial Statements
for the period 28th November 2022 to 26th November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IQL Bar Limited

Company Information
for the period 28th November 2022 to 26th November 2023







DIRECTORS: F L Perkins
N A Foster
D Heath



REGISTERED OFFICE: 1 - 3 Manor Road
Chatham
Kent
ME4 6AE



REGISTERED NUMBER: 12375924 (England and Wales)



SENIOR STATUTORY AUDITOR: Ronald D Price FCA



AUDITORS: Beak Kemmenoe
Chartered Accountants
& Statutory Auditors
1-3 Manor Road
Chatham
Kent
ME4 6AE

IQL Bar Limited (Registered number: 12375924)

Balance Sheet
26th November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 426,534 414,752
Cash at bank and in hand 6,391 28,899
432,925 443,651
CREDITORS
Amounts falling due within one year 5 435,056 444,419
NET CURRENT LIABILITIES (2,131 ) (768 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,131

)

(768

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,231 ) (868 )
(2,131 ) (768 )

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 30th August 2024 and were signed on its behalf by:





N A Foster - Director


IQL Bar Limited (Registered number: 12375924)

Notes to the Financial Statements
for the period 28th November 2022 to 26th November 2023


1. STATUTORY INFORMATION

IQL Bar 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.

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

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 299,703 295,315
Other debtors and prepayments 126,831 119,437
426,534 414,752

IQL Bar Limited (Registered number: 12375924)

Notes to the Financial Statements - continued
for the period 28th November 2022 to 26th November 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 560 -
Amounts owed to group undertakings 308,750 408,750
Taxation and social security 13 -
Other creditors and accruals 125,733 35,669
435,056 444,419

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ronald D Price FCA (Senior Statutory Auditor)
for and on behalf of Beak Kemmenoe

7. ULTIMATE CONTROLLING PARTY

The parent company is Big Chill Group Limited. The ultimate controlling party is Mr N Foster and Mr R Bigg.