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REGISTERED NUMBER: 12444032 (England and Wales)












Quality Property Developments Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Quality Property Developments Ltd (Registered number: 12444032)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Quality Property Developments Ltd

Company Information
for the Year Ended 29 February 2024







Director: M J Vickers





Registered office: 77 Tib Street
Manchester
M4 1LS





Registered number: 12444032 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Quality Property Developments Ltd (Registered number: 12444032)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 12,819 17,092

Current assets
Stocks 61,621 61,621
Debtors 5 220,602 220,535
Cash at bank 1,669 1,389
283,892 283,545
Creditors
Amounts falling due within one year 6 282,654 278,500
Net current assets 1,238 5,045
Total assets less current liabilities 14,057 22,137

Creditors
Amounts falling due after more than one
year

7

9,500

12,667
Net assets 4,557 9,470

Capital and reserves
Called up share capital 1 1
Retained earnings 4,556 9,469
4,557 9,470

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 director acknowledges his 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.

Quality Property Developments Ltd (Registered number: 12444032)

Balance Sheet - continued
29 February 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 director and authorised for issue on 22 November 2024 and were signed by:





M J Vickers - Director


Quality Property Developments Ltd (Registered number: 12444032)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. Statutory information

Quality Property Developments Ltd 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 a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

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 etc - 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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

Quality Property Developments Ltd (Registered number: 12444032)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 March 2023
and 29 February 2024 22,790
Depreciation
At 1 March 2023 5,698
Charge for year 4,273
At 29 February 2024 9,971
Net book value
At 29 February 2024 12,819
At 28 February 2023 17,092

5. Debtors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Other debtors 220,602 220,535

6. Creditors: amounts falling due within one year
29.2.24 28.2.23
£    £   
Trade creditors - 330
Taxation and social security 712 -
Other creditors 281,942 278,170
282,654 278,500

7. Creditors: amounts falling due after more than one year
29.2.24 28.2.23
£    £   
Other creditors 9,500 12,667