18 February 2023 false No description of principal activity Taxfiler 2024.6 14674192business:PrivateLimitedCompanyLtd2023-02-182024-02-28 146741922023-02-17 146741922023-02-182024-02-28 14674192business:AuditExemptWithAccountantsReport2023-02-182024-02-28 14674192business:FilletedAccounts2023-02-182024-02-28 146741922024-02-28 14674192core:WithinOneYear2024-02-28 14674192core:AfterOneYear2024-02-28 14674192core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 14674192core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 14674192core:PreviouslyStatedAmount2024-02-28 14674192business:SmallEntities2023-02-182024-02-28 14674192business:Director12023-02-182024-02-28 14674192countries:EnglandWales2023-02-182024-02-28 14674192business:RegisteredOffice2023-02-182024-02-28 iso4217:GBP xbrli:pure
Company Registration No. 14674192 (England and Wales)
12 Q Ltd Unaudited accounts for the period from 18 February 2023 to 28 February 2024
12 Q Ltd Unaudited accounts Contents
Page
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12 Q Ltd Statement of financial position as at 28 February 2024
2024 
Notes
£ 
Fixed assets
Investment property
1,000,000 
Current assets
Cash at bank and in hand
31 
Creditors: amounts falling due within one year
(30,670)
Net current liabilities
(30,639)
Total assets less current liabilities
969,361 
Creditors: amounts falling due after more than one year
(785,168)
Provisions for liabilities
Deferred tax
(62,500)
Net assets
121,693 
Capital and reserves
Called up share capital
1 
Profit and loss account
121,692 
Shareholders' funds
121,693 
For the period ending 28 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 17 November 2024 and were signed on its behalf by
Simon Graham Director Company Registration No. 14674192
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12 Q Ltd Notes to the Accounts for the period from 18 February 2023 to 28 February 2024
1
Statutory information
12 Q Ltd is a private company, limited by shares, registered in England and Wales, registration number 14674192. The registered office is 2nd Floor College House, 17 King Edwards Road, Ruislip, London, HA4 7AE.
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 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 pounds sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Additions
750,000 
Net gain from fair value adjustments
250,000 
At 28 February 2024
1,000,000 
5
Creditors: amounts falling due within one year
2024 
£ 
Other creditors
29,830 
Accruals
840 
30,670 
6
Creditors: amounts falling due after more than one year
2024 
£ 
Other creditors
785,168 
7
Average number of employees
During the period the average number of employees was 2.
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