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REGISTERED NUMBER: 14458528 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

QQ BUBBLE TEA LTD

QQ BUBBLE TEA LTD (Registered number: 14458528)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QQ BUBBLE TEA LTD

Company Information
for the Year Ended 30 November 2024







DIRECTOR: I P PHILLIPU





SECRETARY:





REGISTERED OFFICE: 132
HOE STREET
LONDON
E17 4QR





REGISTERED NUMBER: 14458528 (England and Wales)





ACCOUNTANTS: Qazi and co
1-3 JEWEL ROAD
WALTHAMSTOW
London
E17 4QX

QQ BUBBLE TEA LTD (Registered number: 14458528)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,661 17,077
Investment property 5 26,990 -
40,651 17,077

CURRENT ASSETS
Stocks 3,850 1,950
Debtors 6 525 125
Cash in hand 2,515 858
6,890 2,933
CREDITORS
Amounts falling due within one year 7 2,708 2,708
NET CURRENT ASSETS 4,182 225
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,833

17,302

CREDITORS
Amounts falling due after more than one year 8 74,064 19,615
NET LIABILITIES (29,231 ) (2,313 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (29,331 ) (2,413 )
(29,231 ) (2,313 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

QQ BUBBLE TEA LTD (Registered number: 14458528)

Balance Sheet - continued
30 November 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 15 January 2025 and were signed by:





I P PHILLIPU - Director


QQ BUBBLE TEA LTD (Registered number: 14458528)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

QQ BUBBLE TEA 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

QQ BUBBLE TEA LTD (Registered number: 14458528)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 21,346
DEPRECIATION
At 1 December 2023 4,269
Charge for year 3,416
At 30 November 2024 7,685
NET BOOK VALUE
At 30 November 2024 13,661
At 30 November 2023 17,077

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 26,990
At 30 November 2024 26,990
NET BOOK VALUE
At 30 November 2024 26,990

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 525 125

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 1,850 1,850
Other creditors 858 858
2,708 2,708

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 74,064 19,615