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REGISTERED NUMBER: 07213511 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Quest End Limited

Quest End Limited (Registered number: 07213511)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Quest End Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: T Parker
Mrs S A Parker
T D Parker
L Parker
P D Parker
Mrs E N Parker





SECRETARY: Mrs S A Parker





REGISTERED OFFICE: The River House
Fishery Road
Bray
Maidenhead
Berkshire
SL6 1UP





REGISTERED NUMBER: 07213511 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Quest End Limited (Registered number: 07213511)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 427,965 252,338
Investments 5 375,000 637,500
802,965 889,838

CURRENT ASSETS
Stocks 6 13,447 56,495
Debtors 7 94,824 63,996
Cash at bank and in hand 95,029 129,339
203,300 249,830
CREDITORS
Amounts falling due within one year 8 625,605 688,603
NET CURRENT LIABILITIES (422,305 ) (438,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,660

451,065

CREDITORS
Amounts falling due after more than one
year

9

(105,364

)

-

PROVISIONS FOR LIABILITIES (50,686 ) (17,317 )
NET ASSETS 224,610 433,748

CAPITAL & RESERVES
Called up share capital 10 3,500 3,500
Retained earnings 221,110 430,248
SHAREHOLDERS' FUNDS 224,610 433,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Quest End Limited (Registered number: 07213511)

Balance Sheet - continued
30 April 2024


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 Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





T Parker - Director


Quest End Limited (Registered number: 07213511)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Quest End Limited is a private company, limited by shares , 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.

The financial statements have been prepared on the going concern basis on the assumption that the company's directors will continue to provide financial support.

Turnover
Turnover in relation to property development is ascertained in a manner appropriate to the stage of completion of the long term contracts. For speculative developments turnover is recognised at the date of exchange of contracts.

Turnover in relation to sales of home automation products are recognised when the sale is made.

Turnover in respect of interest on loans provided is recognised as it accrues.

Rents in respect of properties held to generate rental income is shown as turnover and recognised as it becomes receivable. Rental income derived from properties which are held as part of a development scheme is recognised as receivable and shown as other income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant & machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Quest End Limited (Registered number: 07213511)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant & Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023 161,198 269,169 18,528 448,895
Additions - 29,836 234,816 264,652
At 30 April 2024 161,198 299,005 253,344 713,547
DEPRECIATION
At 1 May 2023 - 178,811 17,746 196,557
Charge for year - 30,059 58,966 89,025
At 30 April 2024 - 208,870 76,712 285,582
NET BOOK VALUE
At 30 April 2024 161,198 90,135 176,632 427,965
At 30 April 2023 161,198 90,358 782 252,338

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 173,496
At 30 April 2024 173,496
DEPRECIATION
Charge for year 43,375
At 30 April 2024 43,375
NET BOOK VALUE
At 30 April 2024 130,121

Quest End Limited (Registered number: 07213511)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023 637,500
Impairments (262,500 )
At 30 April 2024 375,000
NET BOOK VALUE
At 30 April 2024 375,000
At 30 April 2023 637,500

6. STOCKS
2024 2023
£    £   
Stocks 13,447 56,495

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,492 63,996
Other debtors 25,851 -
Prepayments & accrued income 16,481 -
94,824 63,996

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,599 -
Trade creditors 17,031 17,407
Tax - 53,148
Social security & other taxes 19,392 3,664
Directors' current accounts 557,634 549,437
Accruals and deferred income 13,949 64,947
625,605 688,603

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 105,364 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,500 Ordinary £1 3,500 3,500

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Quest End Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quest End Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Quest End Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quest End Limited and state those matters that we have agreed to state to the Board of Directors of Quest End Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quest End Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Quest End Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Quest End Limited. You consider that Quest End Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quest End Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


10 October 2024