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REGISTERED NUMBER: 13658977 (England and Wales)















QUEENSBERRY PROPERTY INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






QUEENSBERRY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13658977)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 5


QUEENSBERRY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13658977)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,683 12,839
Investment property 5 478,650 478,650
489,333 491,489

CURRENT ASSETS
Debtors 6 9,961 3,038
Cash at bank and in hand 3,141 1,713
13,102 4,751
CREDITORS
Amounts falling due within one year 7 (401,569 ) (507,460 )
NET CURRENT LIABILITIES (388,467 ) (502,709 )
TOTAL ASSETS LESS CURRENT LIABILITIES 100,866 (11,220 )

CREDITORS
Amounts falling due after more than one
year

8

(142,684

)

-
NET LIABILITIES (41,818 ) (11,220 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (41,918 ) (11,320 )
(41,818 ) (11,220 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

QUEENSBERRY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13658977)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr M Cox - Director


QUEENSBERRY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13658977)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Queensberry Property Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13658977

Registered office: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD

For the purposes of presentation the financial statements are rounded to the nearest Pound Sterling (£).

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.
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.

Financial instruments
Basic financial instruments are measured at amortised cost.

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.


QUEENSBERRY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13658977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 15,702
Additions 465
At 31 March 2024 16,167
DEPRECIATION
At 1 April 2023 2,863
Charge for year 2,621
At 31 March 2024 5,484
NET BOOK VALUE
At 31 March 2024 10,683
At 31 March 2023 12,839

QUEENSBERRY PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 13658977)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 478,650
NET BOOK VALUE
At 31 March 2024 478,650
At 31 March 2023 478,650

The investment property is subject to an annual valuation based on present market value, which is carried out by the directors.

The cost of the investment property was £478,650.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,961 3,038

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 399,158 506,829
Other creditors 2,411 631
401,569 507,460

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 142,684 -