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REGISTERED NUMBER: 13503925 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

QNHOMES Properties Ltd.

QNHOMES Properties Ltd. (Registered number: 13503925)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


QNHOMES Properties Ltd. (Registered number: 13503925)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 25 -
Investment property 5 115,000 106,384
115,025 106,384

CURRENT ASSETS
Debtors 6 230,470 219,601
Cash at bank 3,082 1,886
233,552 221,487
CREDITORS
Amounts falling due within one year 7 353,942 336,109
NET CURRENT LIABILITIES (120,390 ) (114,622 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,365

)

(8,238

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 8,616 -
Retained earnings (14,081 ) (8,338 )
SHAREHOLDERS' FUNDS (5,365 ) (8,238 )

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.

QNHOMES Properties Ltd. (Registered number: 13503925)

Statement of Financial Position - 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 5 March 2025 and were signed by:





Mr Quinten Nijenhuis - Director


QNHOMES Properties Ltd. (Registered number: 13503925)

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

1. STATUTORY INFORMATION

QNHOMES Properties Ltd. 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: 13503925

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

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 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 statement of financial position date.


QNHOMES Properties Ltd. (Registered number: 13503925)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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 statement of financial position 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.

Going concern
The company has net liabilities of £5,365. The accounts have been prepared on a going concern basis as the director has confirmed that he will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
Additions 25
At 31 July 2024 25
NET BOOK VALUE
At 31 July 2024 25

QNHOMES Properties Ltd. (Registered number: 13503925)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 106,384
Revaluations 8,616
At 31 July 2024 115,000
NET BOOK VALUE
At 31 July 2024 115,000
At 31 July 2023 106,384

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 3,616
Valuation in 2023 (3,616 )
Valuation in 2024 8,616
Cost 106,384
115,000

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Other debtors 13,079 2,210

Amounts falling due after more than one year:
Other debtors 217,391 217,391

Aggregate amounts 230,470 219,601

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security - 264
Other creditors 353,942 335,845
353,942 336,109

QNHOMES Properties Ltd. (Registered number: 13503925)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
value
reserve
£   
Transfer to/from reserves 8,616

At 31 July 2024 8,616

10. RELATED PARTY DISCLOSURES

The company owes £884 (2023: £884) to its director, Mr Quinten Nijenhuis at accounting year end date.

The company owes £312,316 including €370,500 (2023: £317,529 including €370,500) as at accounting year end date to Busiq B.V., a company registered in Netherlands (Company registered number: 82830916) who is also a sole shareholder of this company.