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Registration number: 08196361

QH Development Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

QH Development Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

QH Development Limited

Company Information

Directors

Mrs B J Anderson

Mr C R Anderson

Registered office

Birdsfoot House
Fisherman's Reach
Quidhampton, Salisbury
Wiltshire
SP2 9BG

Accountants

A J Wheeler Ltd - Trading as Howard Smith & Co
Chartered Certified Accountants
338 London Road
Portsmouth
Hampshire
PO2 9JY

 

QH Development Limited

(Registration number: 08196361)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,390

1,853

Current assets

 

Debtors

5

624,977

512,478

Cash at bank and in hand

 

33,612

72,790

 

658,589

585,268

Creditors: Amounts falling due within one year

6

(334,582)

(259,712)

Net current assets

 

324,007

325,556

Net assets

 

325,397

327,409

Capital and reserves

 

Called up share capital

100

100

Retained earnings

325,297

327,309

Shareholders' funds

 

325,397

327,409

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 August 2024 and signed on its behalf by:
 

.........................................
Mr C R Anderson
Director

 

QH Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
Birdsfoot House
Fisherman's Reach
Quidhampton, Salisbury
Wiltshire
SP2 9BG

These financial statements were authorised for issue by the Board on 30 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These financial statements are the first set prepared under section 1A of FRS 102. No changes to accounting policies, profit, assets or liabilities were necessary to the comparatives as a result of the adoption of section 1A

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in Sterling.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% on reducing balance

 

QH Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

6,874

6,874

At 30 November 2023

6,874

6,874

Depreciation

At 1 December 2022

5,021

5,021

Charge for the year

463

463

At 30 November 2023

5,484

5,484

Carrying amount

At 30 November 2023

1,390

1,390

At 30 November 2022

1,853

1,853

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

164,978

152,478

Other debtors

 

459,999

360,000

   

624,977

512,478

 

QH Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

199,998

99,999

Trade creditors

 

129

129

Amounts owed to group undertakings and undertakings in which the company has a participating interest

74,592

74,592

Taxation and social security

 

10,420

10,419

Accruals and deferred income

 

1,850

1,750

Other creditors

 

47,593

72,823

 

334,582

259,712

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

199,998

99,999