REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
AQH Micklegate (2015) Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 30 November 2023 |
for |
AQH Micklegate (2015) Limited |
AQH Micklegate (2015) Limited (Registered number: 09889430) |
Contents of the Financial Statements |
for the Year Ended 30 November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
AQH Micklegate (2015) Limited |
Company Information |
for the Year Ended 30 November 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Park Square |
Leeds |
LS1 2NE |
AQH Micklegate (2015) Limited (Registered number: 09889430) |
Balance Sheet |
30 November 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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. |
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 |
AQH Micklegate (2015) Limited (Registered number: 09889430) |
Notes to the Financial Statements |
for the Year Ended 30 November 2023 |
1. | STATUTORY INFORMATION |
AQH Micklegate (2015) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents the sales value (excluding VAT) of property units disposed of during the financial reporting period. Disposals are treated as being complete when contracts become unconditional plus ancillary income derived during the process of realisation. |
Stocks |
Stock comprises of the acquisition cost of property units plus all additional costs incurred to retain the units to a standard where sale can be achieved. Provision is made for estimated costs to the completion of the sale of units where it is considered that the selling price (excluding VAT) may be exceeded by cost plus estimated additional costs to effect sale. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
AQH Micklegate (2015) Limited (Registered number: 09889430) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Sundry debtors and prepayments | 223 | 61 |
VAT |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Director's current account | 431 | 431 |
Accrued expenses |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loan |
Amount due to related parties | 314,871 | 314,871 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank loans |
The bank facility is secured by individual charges against the company's property which forms stock and work in progress. There is no fixed repayment term for the loan which is agreed to be repaid as and when funds are generated from the realisation of stock and work in progress. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
AQH Micklegate (2015) Limited (Registered number: 09889430) |
Notes to the Financial Statements - continued |
for the Year Ended 30 November 2023 |
9. | RESERVES |
Retained |
earnings |
£ |
At 1 December 2022 |
Profit for the year |
At 30 November 2023 |
10. | RELATED PARTY DISCLOSURES |
At the year end the company owed an amount of £140,431 (2022: £140,431) to JGWCO 178 Limited, a company of which M A Joyce is a director. The company also owed an amount of £174,440 (2022: £174,440) to EGT Development Services Limited, a company of which S B Murphy is a director. No interest is charged upon these sums which also have no fixed repayment date. |
11. | ULTIMATE CONTROLLING PARTY |
The company is under the ultimate control of the directors. |