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REGISTERED NUMBER: 09011861 (England and Wales)















Queensgate (14) Ltd

Unaudited Financial Statements for the Year Ended 30 April 2025






Queensgate (14) Ltd (Registered number: 09011861)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Queensgate (14) Ltd

Company Information
for the Year Ended 30 April 2025







DIRECTORS: A M Smith
Miss L Smith
Miss S Smith





REGISTERED OFFICE: 32 The Crescent
Spalding
Lincolnshire
PE11 1AF





REGISTERED NUMBER: 09011861 (England and Wales)





ACCOUNTANTS: Salway and Wright
32 The Crescent
Spalding
Lincolnshire
PE11 1AF

Queensgate (14) Ltd (Registered number: 09011861)

Balance Sheet
30 April 2025

30.4.25 30.4.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 608,126 614,153

CURRENT ASSETS
Stocks 11,100 21,450
Debtors 5 31,381 33,781
Cash at bank 23,717 6,424
66,198 61,655
CREDITORS
Amounts falling due within one year 6 267,431 608,238
NET CURRENT LIABILITIES (201,233 ) (546,583 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,893

67,570

CREDITORS
Amounts falling due after more than one
year

7

305,000

-
NET ASSETS 101,893 67,570

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 101,793 67,470
SHAREHOLDERS' FUNDS 101,893 67,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Queensgate (14) Ltd (Registered number: 09011861)

Balance Sheet - continued
30 April 2025


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 Board of Directors and authorised for issue on 31 May 2025 and were signed on its behalf by:





A M Smith - Director


Queensgate (14) Ltd (Registered number: 09011861)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

Queensgate (14) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2024 - 1 ) .

Queensgate (14) Ltd (Registered number: 09011861)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS
Freehold
property Equipment Totals
£    £    £   
COST
At 1 May 2024
and 30 April 2025 602,100 56,330 658,430
DEPRECIATION
At 1 May 2024 - 44,277 44,277
Charge for year - 6,027 6,027
At 30 April 2025 - 50,304 50,304
NET BOOK VALUE
At 30 April 2025 602,100 6,026 608,126
At 30 April 2024 602,100 12,053 614,153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Trade debtors 31,381 33,781

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.25 30.4.24
£    £   
Trade creditors 10,176 9,816
Taxation and social security 8,057 824
Other creditors 249,198 597,598
267,431 608,238

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.25 30.4.24
£    £   
Other creditors 305,000 -