Registered number
07546536
Que Investments Limited
Filleted Accounts
30 April 2024
Que Investments Limited
Registered number: 07546536
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,844,823 4,837,397
Current assets
Debtors 4 951,936 1,169,591
Cash at bank and in hand 150,428 127,966
1,102,364 1,297,557
Creditors: amounts falling due within one year 5 (1,081,781) (582,032)
Net current assets 20,583 715,525
Total assets less current liabilities 4,865,406 5,552,922
Creditors: amounts falling due after more than one year 6 (284,799) (1,006,978)
Provisions for liabilities (712,647) (712,647)
Net assets 3,867,960 3,833,297
Capital and reserves
Called up share capital 1,000 1,000
Fair value reserve 7 3,038,128 3,038,128
Profit and loss account 828,832 794,169
Shareholder's funds 3,867,960 3,833,297
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hemagini Patel
Director
Approved by the board on 13 March 2025
Que Investments Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 4,836,067 2,993 4,839,060
Additions 7,450 302 7,752
At 30 April 2024 4,843,517 3,295 4,846,812
Depreciation
At 1 May 2023 - 1,663 1,663
Charge for the year - 326 326
At 30 April 2024 - 1,989 1,989
Net book value
At 30 April 2024 4,843,517 1,306 4,844,823
At 30 April 2023 4,836,067 1,330 4,837,397
4 Debtors 2024 2023
£ £
Trade debtors 3,900 300
Directors loan account - 330,832
Other debtors 948,036 838,459
951,936 1,169,591
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 393,329 35,000
Bank loan due to Covid-19 4,535 4,561
Trade creditors - 4,265
Taxation and social security costs 10,153 45,174
Directors loan account 460,296 -
Other creditors 213,468 493,032
1,081,781 582,032
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 265,697 983,999
Bank loan due to Covid-19 19,102 22,979
284,799 1,006,978
7 Fair value reserve 2024 2023
The provision for liability of £712,647.27 relates to deferred corporation tax in relation to the fair value revaluation of investment property.
£ £
At 1 May 2023 3,038,128 3,038,128
At 30 April 2024 3,038,128 3,038,128
8 Other information
Que Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
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