Caseware UK (AP4) 2023.0.135 2023.0.135 true0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.02023-07-01falseNo description of principal activitytruefalse 13500756 2023-07-01 2024-06-30 13500756 2022-07-01 2023-06-30 13500756 2024-06-30 13500756 2023-06-30 13500756 c:Director4 2023-07-01 2024-06-30 13500756 d:CurrentFinancialInstruments 2024-06-30 13500756 d:CurrentFinancialInstruments 2023-06-30 13500756 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13500756 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13500756 d:ShareCapital 2024-06-30 13500756 d:ShareCapital 2023-06-30 13500756 d:RetainedEarningsAccumulatedLosses 2024-06-30 13500756 d:RetainedEarningsAccumulatedLosses 2023-06-30 13500756 c:OrdinaryShareClass1 2023-07-01 2024-06-30 13500756 c:OrdinaryShareClass1 2024-06-30 13500756 c:OrdinaryShareClass1 2023-06-30 13500756 c:FRS102 2023-07-01 2024-06-30 13500756 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13500756 c:FullAccounts 2023-07-01 2024-06-30 13500756 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13500756 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13500756










Quarterdeck Sandgate Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 June 2024

 
Quarterdeck Sandgate Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Quarterdeck Sandgate Limited for the year ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quarterdeck Sandgate Limited for the year ended 30 June 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Quarterdeck Sandgate Limited, as a body, in accordance with the terms of our engagement letter dated 19 March 2024Our work has been undertaken solely to prepare for your approval the financial statements of Quarterdeck Sandgate Limited and state those matters that we have agreed to state to the Board of directors of Quarterdeck Sandgate Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quarterdeck Sandgate Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Quarterdeck Sandgate Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Quarterdeck Sandgate Limited. You consider that Quarterdeck Sandgate Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Quarterdeck Sandgate Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
20 January 2025
Page 1

 
Quarterdeck Sandgate Limited
Registered number: 13500756

Balance sheet
As at 30 June 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
-
878,171

Debtors: amounts falling due within one year
 4 
92,328
25,325

Bank and cash balances
  
1,743
2,408

  
94,071
905,904

Creditors: amounts falling due within one year
 5 
(76,746)
(187,422)

Net current assets
  
 
 
17,325
 
 
718,482

Total assets less current liabilities
  
17,325
718,482

  

Net assets
  
17,325
718,482


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
17,225
718,382

  
17,325
718,482


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 January 2025.




Stephen James Kingston
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Quarterdeck Sandgate Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

1.


General information

Quarterdeck Sandgate Limited ("the company") is a private company limited by shares and is incorporated in England with the registration number 13500756. The address of the registered office is 37 St Margaret's Street, Canterbury, Kent, CT1 2TU.
The company's functional and presentational currency is GBP rounded to the nearest £1.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
Quarterdeck Sandgate Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 0 (2023 - 0).


4.


Debtors

2024
2023
Page 4

 
Quarterdeck Sandgate Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

4.Debtors (continued)

£
£


Other debtors
92,328
25,325



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
396
1,670

Corporation tax
76,281
185,437

Other taxation and social security
69
315

76,746
187,422


Page 5

 
Quarterdeck Sandgate Limited
 

 
Notes to the financial statements
For the year ended 30 June 2024

6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



7.


Controlling party

The company is owned by Kingston Homes Limited (04639756). There is no ultimate controlling party. 


Page 6