Registered number
03888202
Questmark Investments Limited
Report and Unaudited Accounts
31 December 2023
Questmark Investments Limited
Registered number: 03888202
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,373,545 1,401,520
Investments 4 1 1
1,373,546 1,401,521
Current assets
Debtors 5 - 964
Cash at bank and in hand 101,932 39,129
101,932 40,093
Creditors: amounts falling due within one year 6 (236,003) (199,188)
Net current liabilities (134,071) (159,095)
Total assets less current liabilities 1,239,475 1,242,426
Creditors: amounts falling due after more than one year 7 (475,942) (476,595)
Provisions for liabilities (139,301) (106,656)
Net assets 624,232 659,175
Capital and reserves
Called up share capital 188 188
Revaluation reserve 9 604,998 609,146
Profit and loss account 19,046 49,841
Shareholders' funds 624,232 659,175
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B H Ellinger
Director
Approved by the board on 26 July 2024
Questmark Investments Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Rental Income
Rental income represents the value of rent receivable in the year.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and fittings 20% straight line
Investment Properties not depreciated
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 1,401,520 2,227 1,403,747
Additions 82,025 - 82,025
Surplus on revaluation 30,000 - 30,000
Disposals (140,000) - (140,000)
At 31 December 2023 1,373,545 2,227 1,375,772
Depreciation
At 1 January 2023 - 2,227 2,227
At 31 December 2023 - 2,227 2,227
Net book value
At 31 December 2023 1,373,545 - 1,373,545
At 31 December 2022 1,401,520 - 1,401,520
Freehold land and buildings: 2023 2022
£ £
Historical cost 652,154 675,981
.
The investment properties were revalued by the directors on an open market basis at 31st December 2023.
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 1
At 31 December 2023 1
The company holds 20% or more of the share capital in Easycourt Developments Limited
5 Debtors 2023 2022
£ £
Trade debtors - 964
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,384 2,995
Corporation tax - 13,452
Other taxes and social security costs 457 472
Other creditors 233,162 182,269
236,003 199,188
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 425,470 427,310
Other creditors 50,472 49,285
475,942 476,595
8 Loans 2023 2022
£ £
Creditors include:
Amounts falling due for payment after more than five years 45,338 48,333
Secured bank loans 427,854 430,305
Bank loans are secured on the company's investment properties and Lloyds TSB Bank plc have a debenture including fixed and floating charges over the whole assets of the company.
9 Revaluation reserve 2023 2022
£ £
At 1 January 2023 609,146 658,459
Loss on revaluation of land and buildings net of disposals (36,793) (55,115)
Deferred taxation on the revaluation of investment property 32,645 5,802
and adjustment to reserve
At 31 December 2023 604,998 609,146
10 Related party transactions
The associated companies, which are owned by the Estate of the late director C.J.P. Battersby, have loaned funds to Questmark Investments Limited. Abbotswood Limited £30,869 (2022 £29,681) ,Pepperpot Investments Limited £43,432 (2022 £45,362), Hyde Lane Properties Limited £31,338 and Prelanglen Limited £50,000 on a temporary unsecured basis.
11 Other information
Questmark Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Sudley Terrace
High Street
Bognor Regis
West Sussex
PO21 1EY
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