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REGISTERED NUMBER: 06949341 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD.

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD.

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: F Torriani





REGISTERED OFFICE: 3 Waterhouse Square
138 - 142 Holborn
London
EC1N 2SW





REGISTERED NUMBER: 06949341 (England and Wales)





AUDITORS: Belluzzo Audit Limited
Chartered Accountants and Statutory Auditors
38 Craven Street
London
WC2N 5NG

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 74,188 73,304

CURRENT ASSETS
Debtors 5 1,775,372 941,129
Investments 6 1,096,015 -
Cash at bank 2,117,834 2,983,361
4,989,221 3,924,490
CREDITORS
Amounts falling due within one year 7 (3,554,450 ) (1,930,812 )
NET CURRENT ASSETS 1,434,771 1,993,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,508,959

2,066,982

PROVISIONS FOR LIABILITIES 9 (10,009 ) (6,503 )
NET ASSETS 1,498,950 2,060,479

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 10 1,497,750 2,059,279
1,498,950 2,060,479

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 director and authorised for issue on 3 September 2024 and were signed by:





F Torriani - Director


QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Queen Of Clubs Lifestyle Luxury Services Ltd. 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents fee receivable from travel agency and tourist guides activities, excluding value added tax. Revenue from the services is recognised at the time service is rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings: 20% on reducing balance
Computer equipment: 20% on reducing balance

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.

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Current assets investment
Current assets investments are valuated at Fair Value. For listed investments valuation is determined with reference to open market prices. For unlisted investments, where a fair value cannot be reasonably determined, these are valued at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 163,706
Additions 28,579
At 31 December 2023 192,285
DEPRECIATION
At 1 January 2023 90,402
Charge for year 27,695
At 31 December 2023 118,097
NET BOOK VALUE
At 31 December 2023 74,188
At 31 December 2022 73,304

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 8,694 -
Amounts owed by group undertakings 161,703 145,958
Other debtors 1,552,807 759,443
1,723,204 905,401

Amounts falling due after more than one year:
Other debtors 52,168 35,728

Aggregate amounts 1,775,372 941,129

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other - Interactive Broker 1,096,015 -

The balance at Year end December 2023 includes the investment in Interactive Brokers.
The total amount invested during the year was £1,085,057; the investment has been valued at Fair Value for a total amount of £1,096,015

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 98,043
Payments on account - 762,722
Trade creditors 91,589 82,227
Taxation and social security 432,332 487,853
Other creditors 3,030,529 499,967
3,554,450 1,930,812

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 164,093 56,032

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 10,009 6,503

QUEEN OF CLUBS LIFESTYLE LUXURY SERVICES
LTD. (REGISTERED NUMBER: 06949341)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 6,503
Provided during year 3,506
Movement
Balance at 31 December 2023 10,009

10. RESERVES
Retained
earnings
£   

At 1 January 2023 2,059,279
Profit for the year 1,293,953
Dividends (1,855,482 )
At 31 December 2023 1,497,750

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

The Report of the Auditors was unqualified.

Tony Castagnetti (Senior Statutory Auditor)
for and on behalf of Belluzzo Audit Limited

12. OTHER COMMITMENT

HSBC UK Bank Plc holds a fixed and floating charge over all assets

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
F Torriani
Balance outstanding at start of year 792 27,310
Amounts advanced 3,921 (26,518 )
Amounts repaid (792 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,921 792

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Q International Holdings Ltd. The ultimate controlling party is Mr Filippo Torriani