QUANTOCK LIMITED

Company Registration Number:
12360631 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

QUANTOCK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

QUANTOCK LIMITED

Company Information

for the Period Ended 31 December 2023




Director: OLUWAFISAYO ADETOYE
Registered office: Quantock
Dillywood Lane
Higham
Rochester
Kent
GBR
ME3 7NT
Company Registration Number: 12360631 (England and Wales)

QUANTOCK LIMITED

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
OLUWAFISAYO ADETOYE

This report was approved by the board of directors on 2 October 2024
And Signed On Behalf Of The Board By:

Name: OLUWAFISAYO ADETOYE
Status: Director

QUANTOCK LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Turnover 64,400 22,800
Cost of sales ( 40,740 ) ( 12,400 )
Gross Profit or (Loss) 23,660 10,400
Administrative Expenses ( 3,750 ) ( 4,500 )
Operating Profit or (Loss) 19,910 5,900
Profit or (Loss) Before Tax 19,910 5,900
Profit or (Loss) for Period 19,910 5,900

The notes form part of these financial statements

QUANTOCK LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 1,180,000 385,000
Total fixed assets: 1,180,000 385,000
Current assets
Cash at bank and in hand: 2,500 87,000
Total current assets: 2,500 87,000
Prepayments and accrued income: 22,400
Creditors: amounts falling due within one year: 5 ( 7,000 ) ( 12,400 )
Net current assets (liabilities): ( 4,500 ) 97,000
Total assets less current liabilities: 1,175,500 482,000
Creditors: amounts falling due after more than one year: 6 ( 800,700 ) ( 288,000 )
Total net assets (liabilities): 374,800 194,000

The notes form part of these financial statements

QUANTOCK LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 7 354,790 188,000
Profit and loss account: 19,910 5,900
Shareholders funds: 374,800 194,000

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 October 2024
And Signed On Behalf Of The Board By:

Name: OLUWAFISAYO ADETOYE
Status: Director

The notes form part of these financial statements

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 0 0

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Fixtures & fittings Total
Cost £ £ £
At 01 January 2023 385,000 - 385,000
Additions 582,000 - 582,000
Disposals - - -
Revaluations 213,000 - 213,000
Transfers - - -
At 31 December 2023 1,180,000 - 1,180,000
Depreciation
At 01 January 2023 - - -
Charge for year - - -
On disposals - - -
Other adjustments - - -
At 31 December 2023 - - -
Net book value
At 31 December 2023 1,180,000 - 1,180,000
At 31 December 2022 385,000 - 385,000

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 12,400
Trade creditors 7,000
Total 7,000 12,400

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 800,700 288,000
Total 800,700 288,000

QUANTOCK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Revaluation reserve


2023
£
Balance at 01 January 2023 188,000
Surplus or deficit after revaluation 166,790
Balance at 31 December 2023 354,790