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REGISTERED NUMBER: 07100931 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

QUEENS COURT SOVEREIGN LTD

QUEENS COURT SOVEREIGN LTD (REGISTERED NUMBER: 07100931)

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


QUEENS COURT SOVEREIGN LTD

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: M I Waters





SECRETARY: Hurford Salvi Carr Property Management Limited





REGISTERED OFFICE: C/o HSCPM
3 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD





REGISTERED NUMBER: 07100931 (England and Wales)





ACCOUNTANTS: TC Group
6-7 Castle Gate,
Castle Street
Hertford
Hertfordshire
SG14 1HD

QUEENS COURT SOVEREIGN LTD (REGISTERED NUMBER: 07100931)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,988 29,988

CURRENT ASSETS
Debtors 5 375 820
Cash at bank 3,462 3,790
3,837 4,610
CREDITORS
Amounts falling due within one year 6 928 2,012
NET CURRENT ASSETS 2,909 2,598
TOTAL ASSETS LESS CURRENT LIABILITIES 32,897 32,586

CREDITORS
Amounts falling due after more than one
year

7

30,507

30,507
NET ASSETS 2,390 2,079

RESERVES
Income and expenditure account 2,390 2,079
2,390 2,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 surplus or deficit 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.

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 20 September 2024 and were signed by:



M I Waters - Director


QUEENS COURT SOVEREIGN LTD (REGISTERED NUMBER: 07100931)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Queens Court Sovereign Ltd is a private company, limited by guarantee , 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 consists of ground rent collected from the lessees.

Tangible fixed assets
The property is held for investment and not for consumption and the directors consider that to depreciate it would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which otherwise would have been charged cannot be separately identified or quantified. The directors consider that this policy results in the accounts giving a true and fair view.

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.

Service charge funds
The company is responsible for the management of the property known as Queens Court and has instructed a managing agent to collect service charges from lessees in order to fund expenditure incurred in the management of the property. The service charge funds are held in trust on behalf of the leaseholders as required by Section 42 of the Landlord & Tenant Act 1987. All service charge transactions relating to the management of the property are reported separately and are excluded from the company's financial statements.

3. EMPLOYEES AND DIRECTORS

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

QUEENS COURT SOVEREIGN LTD (REGISTERED NUMBER: 07100931)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023
and 31 December 2023 29,988
NET BOOK VALUE
At 31 December 2023 29,988
At 31 December 2022 29,988

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 375 375
Other debtors - 445
375 820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 73 73
Other creditors 855 1,939
928 2,012

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 30,507 30,507