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REGISTERED NUMBER: 08671239 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Quadrant Developments (UK) Limited

Quadrant Developments (UK) Limited (Registered number: 08671239)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Quadrant Developments (UK) Limited (Registered number: 08671239)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,006,434 942,532

CURRENT ASSETS
Debtors 5 3,554 1,027
Cash at bank 18,016 28,372
21,570 29,399
CREDITORS
Amounts falling due within one year 6 (547,382 ) (558,988 )
NET CURRENT LIABILITIES (525,812 ) (529,589 )
TOTAL ASSETS LESS CURRENT LIABILITIES 480,622 412,943

PROVISIONS FOR LIABILITIES (153,332 ) (93,161 )
NET ASSETS 327,290 319,782

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 7 459,995 441,161
Retained earnings (132,706 ) (121,380 )
327,290 319,782

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 14 March 2025 and were signed by:





Miss M A Chuwen - Director


Quadrant Developments (UK) Limited (Registered number: 08671239)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Quadrant Developments (UK) Limited 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: 08671239

Registered office: Apartment 4
The Old Post Office
9 The Quadrant
Buxton
Derbyshire
SK17 6AW

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
Rental income from investment properties leased out under operating leases is recognised in the statement of comprehensive income on a straight-line basis over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 20% on cost, 15% on cost and 10% on cost
Motor vehicles - 25% on reducing balance

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 2 (2023 - 2 ) .

Quadrant Developments (UK) Limited (Registered number: 08671239)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 945,719 70,879 10,365 1,026,963
Disposals (15,000 ) - (10,365 ) (25,365 )
Revaluations 80,000 - - 80,000
At 30 September 2024 1,010,719 70,879 - 1,081,598
DEPRECIATION
At 1 October 2023 8,457 67,966 8,008 84,431
Charge for year 1,415 2,830 - 4,245
Eliminated on disposal - - (8,008 ) (8,008 )
Charge written back - (5,504 ) - (5,504 )
At 30 September 2024 9,872 65,292 - 75,164
NET BOOK VALUE
At 30 September 2024 1,000,847 5,587 - 1,006,434
At 30 September 2023 937,262 2,913 2,357 942,532

Cost or valuation at 30 September 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2019 458,327 - 458,327
Valuation in 2020 75,000 - 75,000
Valuation in 2024 80,000 - 80,000
Cost 397,392 70,879 468,271
1,010,719 70,879 1,081,598

The apartments for holiday letting were revalued by Wright Marshall estate agents in Buxton, Derbyshire in May 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 3,554 1,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 3,364 2,895
Taxation and social security 1,342 3,911
Other creditors 542,676 552,182
547,382 558,988

Quadrant Developments (UK) Limited (Registered number: 08671239)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. RESERVES
Fair
value
reserve
£   
At 1 October 2023 441,161
Transfer to fair value reserve 18,834

At 30 September 2024 459,995