0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1 1 1 xbrli:pure xbrli:shares iso4217:GBP 01495418 2023-01-01 2023-12-31 01495418 2023-12-31 01495418 2022-12-31 01495418 2022-01-01 2022-12-31 01495418 2022-12-31 01495418 2021-12-31 01495418 bus:Director3 2023-01-01 2023-12-31 01495418 core:WithinOneYear 2023-12-31 01495418 core:WithinOneYear 2022-12-31 01495418 core:ShareCapital 2023-12-31 01495418 core:ShareCapital 2022-12-31 01495418 core:RetainedEarningsAccumulatedLosses 2023-12-31 01495418 core:RetainedEarningsAccumulatedLosses 2022-12-31 01495418 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 01495418 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 01495418 bus:SmallEntities 2023-01-01 2023-12-31 01495418 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01495418 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 01495418 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01495418 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 01495418
20 QUEEN'S GATE GARDENS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
20 QUEEN'S GATE GARDENS LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
1
1
CURRENT ASSETS
Debtors
5
54,518
18,916
Cash at bank and in hand
34,210
43,404
--------
--------
88,728
62,320
CREDITORS: amounts falling due within one year
6
3,656
3,504
--------
--------
NET CURRENT ASSETS
85,072
58,816
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
85,073
58,817
--------
--------
NET ASSETS
85,073
58,817
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
8
8
Profit and loss account
85,065
58,809
--------
--------
SHAREHOLDERS FUNDS
85,073
58,817
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
20 QUEEN'S GATE GARDENS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 27 December 2024 , and are signed on behalf of the board by:
S Sadigh
Director
Company registration number: 01495418
20 QUEEN'S GATE GARDENS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover represents amounts receivable from residents by way of contributions towards expenses.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. TANGIBLE ASSETS
Freehold property
£
Cost
At 1 January 2023 and 31 December 2023
1
----
Depreciation
At 1 January 2023 and 31 December 2023
----
Carrying amount
At 31 December 2023
1
----
At 31 December 2022
1
----
5. DEBTORS
2023
2022
£
£
Trade debtors
42,984
7,382
Other debtors
11,534
11,534
--------
--------
54,518
18,916
--------
--------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,686
Other creditors
1,970
3,504
-------
-------
3,656
3,504
-------
-------