Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 760869 Mr Peter Young Mrs Susan Young Peter Young true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 760869 2023-06-30 760869 2024-06-30 760869 2023-07-01 2024-06-30 760869 frs-core:ComputerEquipment 2023-07-01 2024-06-30 760869 frs-core:ShareCapital 2024-06-30 760869 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 760869 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 760869 frs-bus:AbridgedAccounts 2023-07-01 2024-06-30 760869 frs-bus:SmallEntities 2023-07-01 2024-06-30 760869 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 760869 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 760869 1 2023-07-01 2024-06-30 760869 frs-bus:Director1 2023-07-01 2024-06-30 760869 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 760869 frs-countries:EnglandWales 2023-07-01 2024-06-30 760869 2022-06-30 760869 2023-06-30 760869 2022-07-01 2023-06-30 760869 frs-core:ShareCapital 2023-06-30 760869 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 760869
Queensgate Homes Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 760869
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 921 -
921 -
CURRENT ASSETS
Stocks 78,440 68,584
Investments 1,005 1,005
Cash at bank and in hand 786,814 829,441
866,259 899,030
Creditors: Amounts Falling Due Within One Year (31,822 ) (70,830 )
NET CURRENT ASSETS (LIABILITIES) 834,437 828,200
TOTAL ASSETS LESS CURRENT LIABILITIES 835,358 828,200
NET ASSETS 835,358 828,200
CAPITAL AND RESERVES
Called up share capital 5 100,000 100,000
Profit and Loss Account 735,358 728,200
SHAREHOLDERS' FUNDS 835,358 828,200
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 June 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Peter Young
Director
21/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Queensgate Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 760869 . The registered office is The Coppice Winter Hill, Cookham, Maidenhead, Berks, SL6 9TN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents sales of properties where contracts have been exchanged and the relevant buildings are substantially complete, completed sales of land, plus amounts invoiced or received in the year for work done. Turnover is stated net of Value Added Tax. Gross profit is taken on the turnover defined above.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33%
2.4. Stocks and Work in Progress
Stocks, which comprise land held for development and work in progress are valued at the lower of direct cost and net realisable value. Where applicable net realisable value is estimated by the directors as the price at which the asset could be sold on the open market for existing use less the related costs of marketing and selling. In respect of work in progress direct cost includes land, materials and other development costs but excludes central overheads and interest.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable or repayable.
The tax currently payable or repayable is based on taxable profit/loss for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Total
£
Cost
As at 1 July 2023 -
Additions 1,381
As at 30 June 2024 1,381
Depreciation
As at 1 July 2023 -
Provided during the period 460
As at 30 June 2024 460
Net Book Value
As at 30 June 2024 921
As at 1 July 2023 -
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5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100,000 100,000
6. Ultimate Controlling Party
The company's ultimate controlling party is Peter Young by virtue of his ownership of 100% of the issued share capital in the company.
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