26 October 2023 false No description of principal activity Taxfiler 2024.6 SC787216business:PrivateLimitedCompanyLtd2023-10-262024-10-31 SC7872162023-10-25 SC7872162023-10-262024-10-31 SC787216business:AuditExempt-NoAccountantsReport2023-10-262024-10-31 SC787216business:FilletedAccounts2023-10-262024-10-31 SC7872162024-10-31 SC787216business:Director12023-10-262024-10-31 SC787216business:RegisteredOffice2023-10-262024-10-31 SC787216core:WithinOneYear2024-10-31 SC787216core:AfterOneYear2024-10-31 SC787216core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 SC787216core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 SC787216core:PreviouslyStatedAmount2024-10-31 SC787216business:SmallEntities2023-10-262024-10-31 SC787216countries:Scotland2023-10-262024-10-31 SC787216core:LandBuildings2023-10-25 SC787216core:MotorVehicles2023-10-25 SC787216core:FurnitureFittings2023-10-25 SC787216core:LandBuildings2023-10-262024-10-31 SC787216core:MotorVehicles2023-10-262024-10-31 SC787216core:FurnitureFittings2023-10-262024-10-31 SC787216core:LandBuildings2024-10-31 SC787216core:MotorVehicles2024-10-31 SC787216core:FurnitureFittings2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC787216 (Scotland)
Quality & Posh Properties Limited Unaudited accounts for the period from 26 October 2023 to 31 October 2024
Quality & Posh Properties Limited Unaudited accounts Contents
Page
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Quality & Posh Properties Limited Company Information for the period from 26 October 2023 to 31 October 2024
Director
Vincent Chidozie Okafor
Company Number
SC787216 (Scotland)
Registered Office
Park Lane House 47 Broad Street Glasgow Lanarkshire G40 2QW Scotland
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Quality & Posh Properties Limited Statement of financial position as at 31 October 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
203,628 
Current assets
Debtors
1,125 
Cash at bank and in hand
4,907 
6,032 
Creditors: amounts falling due within one year
(53,254)
Net current liabilities
(47,222)
Total assets less current liabilities
156,406 
Creditors: amounts falling due after more than one year
(161,957)
Net liabilities
(5,551)
Capital and reserves
Called up share capital
10 
Profit and loss account
(5,561)
Shareholders' funds
(5,551)
For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 June 2025 and were signed on its behalf by
Vincent Chidozie Okafor Director Company Registration No. SC787216
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Quality & Posh Properties Limited Notes to the Accounts for the period from 26 October 2023 to 31 October 2024
1
Statutory information
Quality & Posh Properties Limited is a private company, limited by shares, registered in Scotland, registration number SC787216. The registered office is Park Lane House, 47 Broad Street, Glasgow, Lanarkshire, G40 2QW, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 26 October 2023
- 
- 
- 
- 
Additions
195,554 
7,634 
1,032 
204,220 
At 31 October 2024
195,554 
7,634 
1,032 
204,220 
Depreciation
Charge for the period
- 
458 
134 
592 
At 31 October 2024
- 
458 
134 
592 
Net book value
At 31 October 2024
195,554 
7,176 
898 
203,628 
5
Debtors
2024 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,125 
6
Creditors: amounts falling due within one year
2024 
£ 
Loans from directors
53,254 
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Quality & Posh Properties Limited Notes to the Accounts for the period from 26 October 2023 to 31 October 2024
7
Creditors: amounts falling due after more than one year
2024 
£ 
Other creditors
161,957 
8
Average number of employees
During the period the average number of employees was 0.
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