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Company Registration No. NI063209 (Northern Ireland)
Quigg Developments Ltd Unaudited accounts for the year ended 29 February 2024
Quigg Developments Ltd Unaudited accounts Contents
Page
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Quigg Developments Ltd Company Information for the year ended 29 February 2024
Directors
Declan Quigg Sean Quigg John Quigg
Secretary
Patrina Quigg
Company Number
NI063209 (Northern Ireland)
Registered Office
444 Ravenhill Road Belfast BT6 0BU
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Quigg Developments Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,957 
24,255 
Investment property
95,750 
95,750 
115,707 
120,005 
Current assets
Inventories
93,476 
143,476 
Debtors
25,200 
31,085 
Cash at bank and in hand
449 
3,932 
119,125 
178,493 
Creditors: amounts falling due within one year
(133,045)
(180,620)
Net current liabilities
(13,920)
(2,127)
Total assets less current liabilities
101,787 
117,878 
Creditors: amounts falling due after more than one year
(107,463)
(112,898)
Net (liabilities)/assets
(5,676)
4,980 
Capital and reserves
Called up share capital
164 
164 
Profit and loss account
(5,840)
4,816 
Shareholders' funds
(5,676)
4,980 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by
Sean Quigg Director Company Registration No. NI063209
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Quigg Developments Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Quigg Developments Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI063209. The registered office is 444 Ravenhill Road, Belfast, BT6 0BU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
37,115 
5,850 
42,965 
At 29 February 2024
37,115 
5,850 
42,965 
Depreciation
At 1 March 2023
14,248 
4,462 
18,710 
Charge for the year
3,951 
347 
4,298 
At 29 February 2024
18,199 
4,809 
23,008 
Net book value
At 29 February 2024
18,916 
1,041 
19,957 
At 28 February 2023
22,867 
1,388 
24,255 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
95,750 
At 29 February 2024
95,750 
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Quigg Developments Ltd Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
6,085 
Trade debtors
25,000 
- 
Accrued income and prepayments
- 
25,000 
25,000 
31,085 
Amounts falling due after more than one year
Other debtors
200 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
556 
11,612 
Taxes and social security
- 
400 
Loans from directors
132,489 
168,608 
133,045 
180,620 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
107,463 
112,898 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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