2023-09-012024-08-312024-08-31false12812365AS QUINN PROPERTY 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AS QUINN PROPERTY LIMITED

Registered Number
12812365
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

AS QUINN PROPERTY LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

Ashleigh James Quinn
Samantha Melanie Quinn

Registered Address

5 Harwood Close
Ratby
Leicester
LE6 0PT

Registered Number

12812365 (England and Wales)
AS QUINN PROPERTY LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3692,059692,374
692,059692,374
Current assets
Debtors4420420
Cash at bank and on hand4,8403,413
5,2603,833
Creditors amounts falling due within one year5(188,794)(192,664)
Net current assets (liabilities)(183,534)(188,831)
Total assets less current liabilities508,525503,543
Creditors amounts falling due after one year6(508,781)(508,781)
Net assets(256)(5,238)
Capital and reserves
Called up share capital22
Profit and loss account(258)(5,240)
Shareholders' funds(256)(5,238)
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
Ashleigh James Quinn
Director
Samantha Melanie Quinn
Director

Registered Company No. 12812365
AS QUINN PROPERTY LIMITED
Notes to the Financial Statements
for the year ended 31 August 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

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

Land & buildings

Office Equipment

Total

£££
Cost or valuation
At 01 September 23692,027945692,972
At 31 August 24692,027945692,972
Depreciation and impairment
At 01 September 23-598598
Charge for year-315315
At 31 August 24-913913
Net book value
At 31 August 24692,02732692,059
At 31 August 23692,027347692,374
4.Debtors: amounts due within one year

2024

2023

££
Prepayments and accrued income420420
Total420420
5.Creditors: amounts due within one year

2024

2023

££
Other creditors188,254191,444
Accrued liabilities and deferred income5401,220
Total188,794192,664
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts508,781508,781
Total508,781508,781