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Registered Number: 10922506
England and Wales

 

 

 

QUEENSWAY HOMES LTD



Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Report to the directors on the preparation of the unaudited statutory accounts of Queensway Homes Ltd for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Queensway Homes Ltd for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.

This report is made solely to the Board of Directors of Queensway Homes Ltd, as a body, in accordance with the terms of our engagement letter dated 29 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Queensway Homes Ltd and state those matters that we have agreed to state to the Board of Directors of Queensway Homes Ltd, as a body, in this report.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Queensway Homes Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Queensway Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Queensway Homes Ltd.You consider that Queensway Homes Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Queensway Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements 31 August 2024.



....................................................

Akhter's Limited

64 Castle Boulevard
Nottingham
Nottinghamshire
NG7 1FN
29 May 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 8,788    7,428 
8,788    7,428 
Current assets      
Debtors 486,499    138,022 
Cash at bank and in hand 226,675    35,999 
713,174    174,021 
Creditors: amount falling due within one year (685,267)   (205,892)
Net current assets 27,907    (31,871)
 
Total assets less current liabilities 36,695    (24,443)
Net assets 36,695    (24,443)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 36,693    (24,445)
Shareholders' funds 36,695    (24,443)
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 29 May 2025 and were signed by:


-------------------------------
PHANSI Caroline
Director
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General Information
Queensway Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 10922506, registration address 95 Charlotte Road, Stirchley, Birmingham, West Midlands, B30 2BT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 20% Straight Line
Motor Vehicles 20% Straight Line
Computer Equipment 20% Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2.

Average number of employees

Average number of employees during the year was 23 (2023 : 19).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Land and Buildings   Total
  £   £   £   £
At 01 September 2023 4,137    15,873    7,246    27,256 
Additions      
Disposals      
At 31 August 2024 4,137    15,873    7,246    27,256 
Depreciation
At 01 September 2023 4,137    7,085    7,246    18,468 
Charge for year      
On disposals      
At 31 August 2024 4,137    7,085    7,246    18,468 
Net book values
Closing balance as at 31 August 2024   8,788      8,788 
Opening balance as at 01 September 2023 182    7,246      7,428 


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