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REGISTERED NUMBER: 05525142 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

QUEST PROPERTIES (LONDON) LIMITED

QUEST PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05525142)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

QUEST PROPERTIES (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: B Dikme





SECRETARY: Gillfields Secretaries Limited





REGISTERED OFFICE: 248 Church Lane
London
NW9 8SL





REGISTERED NUMBER: 05525142 (England and Wales)





ACCOUNTANTS: Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL

QUEST PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05525142)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 118 158
Investment property 5 1,565,492 1,565,492
1,565,610 1,565,650

CURRENT ASSETS
Cash at bank 9,461 1,049

CREDITORS
Amounts falling due within one year 6 238,901 207,931
NET CURRENT LIABILITIES (229,440 ) (206,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,336,170

1,358,768

CREDITORS
Amounts falling due after more than one
year

7

1,157,659

1,178,383
NET ASSETS 178,511 180,385

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,411 180,285
SHAREHOLDERS' FUNDS 178,511 180,385

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

QUEST PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05525142)

BALANCE SHEET - continued
31 AUGUST 2024


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 20 March 2025 and were signed by:





B Dikme - Director


QUEST PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05525142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Quest Properties (London) Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 13,070
DEPRECIATION
At 1 September 2023 12,912
Charge for year 40
At 31 August 2024 12,952
NET BOOK VALUE
At 31 August 2024 118
At 31 August 2023 158

QUEST PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05525142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,565,492
NET BOOK VALUE
At 31 August 2024 1,565,492
At 31 August 2023 1,565,492

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 9,621 9,621
Other creditors 229,280 198,310
238,901 207,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,157,659 1,178,383

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,148,907 1,164,636

Repayable by instalments
Bank loans more 5 yr by instal 8,752 13,747

QUEST PROPERTIES (LONDON) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
QUEST PROPERTIES (LONDON) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gill & Company
248 Church Lane
Kingsbury
London
NW9 8SL


20 March 2025