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REGISTERED NUMBER: 08223650 (England and Wales)















Quarterdeck Realty Ltd

Unaudited Financial Statements

for the Year Ended 28 March 2024






Quarterdeck Realty Ltd (Registered number: 08223650)






Contents of the Financial Statements
for the Year Ended 28 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Quarterdeck Realty Ltd

Company Information
for the Year Ended 28 March 2024







DIRECTOR: A E McCarthy





REGISTERED OFFICE: 19 Windsor Place
Cardiff
CF10 3BY





REGISTERED NUMBER: 08223650 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Quarterdeck Realty Ltd (Registered number: 08223650)

Balance Sheet
28 March 2024

28.3.24 28.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 249,712 485,549
249,712 485,549

CURRENT ASSETS
Debtors 6 112,899 411,400
Cash at bank 2,939 4,891
115,838 416,291
CREDITORS
Amounts falling due within one year 7 512,638 551,104
NET CURRENT LIABILITIES (396,800 ) (134,813 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(147,088

)

350,736

CREDITORS
Amounts falling due after more than one year 8 158,301 355,271
NET LIABILITIES (305,389 ) (4,535 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (305,399 ) (4,545 )
(305,389 ) (4,535 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 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.

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 28 March 2025 and were signed by:





A E McCarthy - Director


Quarterdeck Realty Ltd (Registered number: 08223650)

Notes to the Financial Statements
for the Year Ended 28 March 2024

1. STATUTORY INFORMATION

Quarterdeck Realty 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.

The presentation currency of the financial statements is the 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.

The financial statements have been prepared on a going concern basis. The directors have considered the assets and liabilities of the company and are of the opinion that the company will continue to meet its liabilities as they fall due, with the financial support of the directors. The directors are satisfied that the company is a going concern.

Turnover
Turnover represents rental income earned by the company. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and taxes.

Rental income is recognised in line with the period for which it is due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment properties are then reviewed annually to ensure that an accurate amount is carried for each property.

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.

Going concern
The Director believes that despite the company having net current liabilities and net liabilities it should be treated as a going concern as there is sufficient support available to meet the liabilities.

3. EMPLOYEES AND DIRECTORS

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

Quarterdeck Realty Ltd (Registered number: 08223650)

Notes to the Financial Statements - continued
for the Year Ended 28 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 29 March 2023
and 28 March 2024 3,069
DEPRECIATION
At 29 March 2023
and 28 March 2024 3,069
NET BOOK VALUE
At 28 March 2024 -
At 28 March 2023 -

5. INVESTMENT PROPERTY
Total
£   
COST
At 29 March 2023 485,549
Disposals (235,837 )
At 28 March 2024 249,712
NET BOOK VALUE
At 28 March 2024 249,712
At 28 March 2023 485,549

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.24 28.3.23
£    £   
Trade debtors 1,105 -
Other debtors 111,794 411,400
112,899 411,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.24 28.3.23
£    £   
Trade creditors 1,374 2,120
Other creditors 511,264 548,984
512,638 551,104

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.3.24 28.3.23
£    £   
Bank loans 158,301 355,271

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 158,301 355,271

Quarterdeck Realty Ltd (Registered number: 08223650)

Notes to the Financial Statements - continued
for the Year Ended 28 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

28.3.24 28.3.23
£    £   
Bank loans 158,301 355,271

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £107,217 (2023: £107,217) by companies under common control. No interest is charged on these amounts.

At the balance sheet date the company was owed £4,577 (2023: £303,354) by companies with a common Director.

In addition the company owed £450,892 (2023: £97,877) to a company with a common Director. No interest is charged on these amounts.

The above amounts are included in other debtors and other creditors.

11. ULTIMATE CONTROLLING PARTY

The controlling party is A E McCarthy.

The ultimate controlling party is A E McCarthy.