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REGISTERED NUMBER: 11448622 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

QMJ Property Ltd

QMJ Property Ltd (Registered number: 11448622)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QMJ Property Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R J Jubb





REGISTERED OFFICE: 3 Beaumont Square
Pudsey
Leeds
West Yorkshire
LS28 8PT





REGISTERED NUMBER: 11448622 (England and Wales)





ACCOUNTANTS: Blenheim Advisory Limited
Chartered Certified Accountants
3 Feast Field
Horsforth
Leeds
West Yorkshire
LS18 4TJ

QMJ Property Ltd (Registered number: 11448622)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 523 654
Investment property 5 330,000 320,000
330,523 320,654

CURRENT ASSETS
Debtors 6 24 27
Cash at bank 1,300 12,134
1,324 12,161
CREDITORS
Amounts falling due within one year 7 25,645 63,538
NET CURRENT LIABILITIES (24,321 ) (51,377 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,202

269,277

CREDITORS
Amounts falling due after more than
one year

8

(220,585

)

(198,980

)

PROVISIONS FOR LIABILITIES (25,054 ) (23,055 )
NET ASSETS 60,563 47,242

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 60,562 47,241
60,563 47,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

QMJ Property Ltd (Registered number: 11448622)

Balance Sheet - continued
31 July 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 17 January 2025 and were signed by:





R J Jubb - Director


QMJ Property Ltd (Registered number: 11448622)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

QMJ Property 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 20% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred trecognized recognised in the Income Statement, except to the extenrecognizedrelates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized 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 recognized 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 recognized 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 recognized 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.

QMJ Property Ltd (Registered number: 11448622)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
Cost
At 1 August 2023
and 31 July 2024 1,160
Depreciation
At 1 August 2023 506
Charge for year 131
At 31 July 2024 637
Net book value
At 31 July 2024 523
At 31 July 2023 654

5. INVESTMENT PROPERTY
Total
£
Fair value
At 1 August 2023 320,000
Revaluations 10,000
At 31 July 2024 330,000
Net book value
At 31 July 2024 330,000
At 31 July 2023 320,000

Fair value at 31 July 2024 is represented by:
£
Valuation in 2020 25,849
Valuation in 2021 34,841
Valuation in 2022 35,000
Valuation in 2023 25,000
Valuation in 2024 10,000
Cost 199,310
330,000

QMJ Property Ltd (Registered number: 11448622)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£ £
Cost 199,310 199,310

The investment properties were valued on an open market basis on 31 July 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 24 27

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 25,645 63,538

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£ £
Other creditors 220,585 198,980

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 220,585 198,980

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
R J Jubb
Balance outstanding at start of year 61,218 60,851
Amounts advanced 372 372
Amounts repaid (38,500 ) (5 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,090 61,218

QMJ Property Ltd (Registered number: 11448622)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. ULTIMATE CONTROLLING PARTY

The controlling party is R J Jubb.