IRIS Accounts Production v24.3.0.553 07953512 Board of Directors 1.3.23 29.2.24 29.2.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh079535122023-02-28079535122024-02-29079535122023-03-012024-02-29079535122022-02-28079535122022-03-012023-02-28079535122023-02-2807953512ns15:EnglandWales2023-03-012024-02-2907953512ns14:PoundSterling2023-03-012024-02-2907953512ns10:Director12023-03-012024-02-2907953512ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907953512ns10:SmallEntities2023-03-012024-02-2907953512ns10:AuditExemptWithAccountantsReport2023-03-012024-02-2907953512ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907953512ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907953512ns10:FullAccounts2023-03-012024-02-2907953512ns10:Director22023-03-012024-02-2907953512ns10:RegisteredOffice2023-03-012024-02-2907953512ns5:CurrentFinancialInstruments2024-02-2907953512ns5:CurrentFinancialInstruments2023-02-2807953512ns5:Non-currentFinancialInstruments2024-02-2907953512ns5:Non-currentFinancialInstruments2023-02-2807953512ns5:ShareCapital2024-02-2907953512ns5:ShareCapital2023-02-2807953512ns5:RetainedEarningsAccumulatedLosses2024-02-2907953512ns5:RetainedEarningsAccumulatedLosses2023-02-2807953512ns5:PlantMachinery2023-03-012024-02-2907953512ns5:MotorVehicles2023-03-012024-02-2907953512ns5:PlantMachinery2023-02-2807953512ns5:MotorVehicles2023-02-2807953512ns5:PlantMachinery2024-02-2907953512ns5:MotorVehicles2024-02-2907953512ns5:PlantMachinery2023-02-2807953512ns5:MotorVehicles2023-02-2807953512ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2907953512ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 07953512 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

QUINNTESSENTIAL SURREY LIMITED

QUINNTESSENTIAL SURREY LIMITED (REGISTERED NUMBER: 07953512)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

QUINNTESSENTIAL SURREY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: L M Quinn
E Fitzpatrick-Quinn





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 07953512 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

QUINNTESSENTIAL SURREY LIMITED (REGISTERED NUMBER: 07953512)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,269 9,286

CURRENT ASSETS
Stocks 6,451,575 6,712,068
Debtors 5 3,051 3,837
Cash at bank 2,295,274 69,000
8,749,900 6,784,905
CREDITORS
Amounts falling due within one year 6 135,135 138,619
NET CURRENT ASSETS 8,614,765 6,646,286
TOTAL ASSETS LESS CURRENT LIABILITIES 8,625,034 6,655,572

CREDITORS
Amounts falling due after more than one year 7 7,341,136 5,497,289
NET ASSETS 1,283,898 1,158,283

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,283,798 1,158,183
SHAREHOLDERS' FUNDS 1,283,898 1,158,283

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:



L M Quinn - Director


QUINNTESSENTIAL SURREY LIMITED (REGISTERED NUMBER: 07953512)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Quinntessential Surrey 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 accounts have been prepared on a going concern basis, which assumes the continued support of its director.

Turnover
Turnover represents the proceeds of property disposals, as and when they occur.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Work in progress
Work in progress includes all construction costs to the date and is valued at the lower of cost and net realizable value.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

QUINNTESSENTIAL SURREY LIMITED (REGISTERED NUMBER: 07953512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 28,900 10,057 38,957
Additions 8,833 - 8,833
At 29 February 2024 37,733 10,057 47,790
DEPRECIATION
At 1 March 2023 24,852 4,819 29,671
Charge for year 5,336 2,514 7,850
At 29 February 2024 30,188 7,333 37,521
NET BOOK VALUE
At 29 February 2024 7,545 2,724 10,269
At 28 February 2023 4,048 5,238 9,286

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,640 2,783
Prepayments and accrued income 1,411 1,054
3,051 3,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,697 101,770
Tax 36,832 -
Other creditors 33,490 34,231
Accruals and deferred income 30,116 2,618
135,135 138,619

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 7,341,136 5,497,289

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
QUINNTESSENTIAL SURREY 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 Quinntessential Surrey Limited for the year ended 29 February 2024 which comprise the Profit and Loss Account, 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 Quinntessential Surrey 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 Quinntessential Surrey Limited and state those matters that we have agreed to state to the Board of Directors of Quinntessential Surrey 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 Quinntessential Surrey Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Quinntessential Surrey 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 profit of Quinntessential Surrey Limited. You consider that Quinntessential Surrey 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 Quinntessential Surrey 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.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


7 November 2024