2023-02-012024-01-312024-01-31false10579754HI-Q HOMES LTD2024-09-2068209iso4217:GBPxbrli:pure105797542023-02-01105797542024-01-31105797542023-02-012024-01-31105797542022-02-01105797542023-01-31105797542022-02-012023-01-3110579754bus:SmallEntities2023-02-012024-01-3110579754bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3110579754bus:FullAccounts2023-02-012024-01-3110579754bus:PrivateLimitedCompanyLtd2023-02-012024-01-3110579754core:WithinOneYear2024-01-3110579754core:AfterOneYear2024-01-3110579754core:WithinOneYear2023-01-3110579754core:AfterOneYear2023-01-3110579754core:ShareCapital2024-01-3110579754core:SharePremium2024-01-3110579754core:RevaluationReserve2024-01-3110579754core:OtherReservesSubtotal2024-01-3110579754core:RetainedEarningsAccumulatedLosses2024-01-3110579754core:ShareCapital2023-01-3110579754core:SharePremium2023-01-3110579754core:RevaluationReserve2023-01-3110579754core:OtherReservesSubtotal2023-01-3110579754core:RetainedEarningsAccumulatedLosses2023-01-3110579754core:LandBuildings2024-01-3110579754core:PlantMachinery2024-01-3110579754core:Vehicles2024-01-3110579754core:FurnitureFittings2024-01-3110579754core:OfficeEquipment2024-01-3110579754core:NetGoodwill2024-01-3110579754core:IntangibleAssetsOtherThanGoodwill2024-01-3110579754core:ListedExchangeTraded2024-01-3110579754core:UnlistedNon-exchangeTraded2024-01-3110579754core:LandBuildings2023-01-3110579754core:PlantMachinery2023-01-3110579754core:Vehicles2023-01-3110579754core:FurnitureFittings2023-01-3110579754core:OfficeEquipment2023-01-3110579754core:NetGoodwill2023-01-3110579754core:IntangibleAssetsOtherThanGoodwill2023-01-3110579754core:ListedExchangeTraded2023-01-3110579754core:UnlistedNon-exchangeTraded2023-01-3110579754core:LandBuildings2023-02-012024-01-3110579754core:PlantMachinery2023-02-012024-01-3110579754core:Vehicles2023-02-012024-01-3110579754core:FurnitureFittings2023-02-012024-01-3110579754core:OfficeEquipment2023-02-012024-01-3110579754core:NetGoodwill2023-02-012024-01-3110579754core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3110579754core:ListedExchangeTraded2023-02-012024-01-3110579754core:UnlistedNon-exchangeTraded2023-02-012024-01-3110579754core:MoreThanFiveYears2023-02-012024-01-3110579754core:Non-currentFinancialInstruments2024-01-3110579754core:Non-currentFinancialInstruments2023-01-3110579754dpl:CostSales2023-02-012024-01-3110579754dpl:DistributionCosts2023-02-012024-01-3110579754core:LandBuildings2023-02-012024-01-3110579754core:PlantMachinery2023-02-012024-01-3110579754core:Vehicles2023-02-012024-01-3110579754core:FurnitureFittings2023-02-012024-01-3110579754core:OfficeEquipment2023-02-012024-01-3110579754dpl:AdministrativeExpenses2023-02-012024-01-3110579754core:NetGoodwill2023-02-012024-01-3110579754core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3110579754dpl:GroupUndertakings2023-02-012024-01-3110579754dpl:ParticipatingInterests2023-02-012024-01-3110579754dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3110579754core:ListedExchangeTraded2023-02-012024-01-3110579754dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3110579754core:UnlistedNon-exchangeTraded2023-02-012024-01-3110579754dpl:CostSales2022-02-012023-01-3110579754dpl:DistributionCosts2022-02-012023-01-3110579754core:LandBuildings2022-02-012023-01-3110579754core:PlantMachinery2022-02-012023-01-3110579754core:Vehicles2022-02-012023-01-3110579754core:FurnitureFittings2022-02-012023-01-3110579754core:OfficeEquipment2022-02-012023-01-3110579754dpl:AdministrativeExpenses2022-02-012023-01-3110579754core:NetGoodwill2022-02-012023-01-3110579754core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3110579754dpl:GroupUndertakings2022-02-012023-01-3110579754dpl:ParticipatingInterests2022-02-012023-01-3110579754dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-3110579754core:ListedExchangeTraded2022-02-012023-01-3110579754dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-3110579754core:UnlistedNon-exchangeTraded2022-02-012023-01-3110579754core:NetGoodwill2024-01-3110579754core:IntangibleAssetsOtherThanGoodwill2024-01-3110579754core:LandBuildings2024-01-3110579754core:PlantMachinery2024-01-3110579754core:Vehicles2024-01-3110579754core:FurnitureFittings2024-01-3110579754core:OfficeEquipment2024-01-3110579754core:AfterOneYear2024-01-3110579754core:WithinOneYear2024-01-3110579754core:ListedExchangeTraded2024-01-3110579754core:UnlistedNon-exchangeTraded2024-01-3110579754core:ShareCapital2024-01-3110579754core:SharePremium2024-01-3110579754core:RevaluationReserve2024-01-3110579754core:OtherReservesSubtotal2024-01-3110579754core:RetainedEarningsAccumulatedLosses2024-01-3110579754core:NetGoodwill2023-01-3110579754core:IntangibleAssetsOtherThanGoodwill2023-01-3110579754core:LandBuildings2023-01-3110579754core:PlantMachinery2023-01-3110579754core:Vehicles2023-01-3110579754core:FurnitureFittings2023-01-3110579754core:OfficeEquipment2023-01-3110579754core:AfterOneYear2023-01-3110579754core:WithinOneYear2023-01-3110579754core:ListedExc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HI-Q HOMES LTD

Registered Number
10579754
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

HI-Q HOMES LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

AUJLA, Arvinder Singh
AUJLA, Sukhjinder Kaur

Registered Address

C/O Xeinadin First Floor Secure House
Lulworth Close
Chandler's Ford
SO53 3TL

Registered Number

10579754 (England and Wales)
HI-Q HOMES LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,700,0002,443,240
2,700,0002,443,240
Current assets
Cash at bank and on hand7,51669,015
7,51669,015
Creditors amounts falling due within one year4(1,504,044)(1,301,130)
Net current assets (liabilities)(1,496,528)(1,232,115)
Total assets less current liabilities1,203,4721,211,125
Net assets1,203,4721,211,125
Capital and reserves
Called up share capital1,0001,000
Profit and loss account1,202,4721,210,125
Shareholders' funds1,203,4721,211,125
The financial statements were approved and authorised for issue by the Board of Directors on 20 September 2024, and are signed on its behalf by:
AUJLA, Arvinder Singh
Director
AUJLA, Sukhjinder Kaur
Director

Registered Company No. 10579754
HI-Q HOMES LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 February 232,443,2402,443,240
Additions305,354305,354
Revaluations(48,594)(48,594)
At 31 January 242,700,0002,700,000
Net book value
At 31 January 242,700,0002,700,000
At 31 January 232,443,2402,443,240
4.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties1,485,6931,289,124
Other creditors17,09710,926
Accrued liabilities and deferred income1,2541,080
Total1,504,0441,301,130
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
AUJLA, Arvinder Singh(664,300)250,0000(414,300)
(664,300)250,0000(414,300)