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REGISTERED NUMBER: 12588613 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

QUINN HOLIDAY LETS LTD

QUINN HOLIDAY LETS LTD (REGISTERED NUMBER: 12588613)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUINN HOLIDAY LETS LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: S J Quinn
Mrs R K Quinn
P J Quinn
Mrs L O Quinn
Mrs A E Quinn





REGISTERED OFFICE: Rats Castle
Biddenden
Ashford
Kent
TN27 8DY





REGISTERED NUMBER: 12588613 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

QUINN HOLIDAY LETS LTD (REGISTERED NUMBER: 12588613)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 306,250 293,000

CURRENT ASSETS
Debtors 5 6,252 -
Cash at bank 49 -
6,301 -
CREDITORS
Amounts falling due within one year 6 55,068 55,083
NET CURRENT LIABILITIES (48,767 ) (55,083 )
TOTAL ASSETS LESS CURRENT LIABILITIES 257,483 237,917

CREDITORS
Amounts falling due after more than one
year

7

184,113

174,426
NET ASSETS 73,370 63,491

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 73,365 63,486
73,370 63,491

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

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

QUINN HOLIDAY LETS LTD (REGISTERED NUMBER: 12588613)

BALANCE SHEET - continued
31 May 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 8 January 2025 and were signed on its behalf by:





Mrs L O Quinn - Director


QUINN HOLIDAY LETS LTD (REGISTERED NUMBER: 12588613)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Quinn Holiday Lets 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.

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 NIL (2023 - NIL).

QUINN HOLIDAY LETS LTD (REGISTERED NUMBER: 12588613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 250,000 50,000 300,000
Revaluations 15,000 - 15,000
At 31 May 2024 265,000 50,000 315,000
DEPRECIATION
At 1 June 2023 - 7,000 7,000
Charge for year - 1,750 1,750
At 31 May 2024 - 8,750 8,750
NET BOOK VALUE
At 31 May 2024 265,000 41,250 306,250
At 31 May 2023 250,000 43,000 293,000

Cost or valuation at 31 May 2024 is represented by:

**ERROR**
£   

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 250,000
Revaluations 15,000
265,000

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 50,000
50,000

CLIENT SCREEN TOTAL = -


QUINN HOLIDAY LETS LTD (REGISTERED NUMBER: 12588613)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed by group undertakings 6,252 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 11,754 11,754
Trade creditors - 1
Taxation and social security 997 348
Other creditors 42,317 42,980
55,068 55,083

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans 184,113 174,426