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REGISTERED NUMBER: 09258889 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

QL Homes Ltd

QL Homes Ltd (Registered number: 09258889)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QL Homes Ltd

Company Information
for the year ended 31 October 2024







DIRECTOR: A W White





REGISTERED OFFICE: 30 Brunswick Road
Shoreham-by-Sea
BN43 5WB





REGISTERED NUMBER: 09258889 (England and Wales)





ACCOUNTANTS: Shearers
Accountants & Chartered Tax Advisers
30 Brunswick Road
Shoreham-by-Sea
West Sussex
BN43 5WB

QL Homes Ltd (Registered number: 09258889)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 143,799 134,894
Cash at bank and in hand 9,920 20,090
153,719 154,984
CREDITORS
Amounts falling due within one year 5 781 780
NET CURRENT ASSETS 152,938 154,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

152,938

154,204

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 152,937 154,203
SHAREHOLDERS' FUNDS 152,938 154,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 6 May 2025 and were signed by:





A W White - Director


QL Homes Ltd (Registered number: 09258889)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

QL Homes 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.

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.

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 NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 143,799 134,894

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1 -
Other creditors 780 780
781 780

QL Homes Ltd (Registered number: 09258889)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
A W White
Balance outstanding at start of year 134,894 -
Amounts advanced - 134,894
Amounts repaid (36,621 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,273 134,894

The amount at Other Debtors includes £98,272 (2023: £134,894) owed to the company by the Director at the year-end. The Director has confirmed that he will repay this amount on request by the company.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A W White.