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
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
Quality & Posh Properties Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
4,907
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)
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
Quality & Posh Properties Limited
Notes to the Accounts
for the period from 26 October 2023 to 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Charge for the period
-
458
134
592
At 31 October 2024
-
458
134
592
At 31 October 2024
195,554
7,176
898
203,628
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
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
8
Average number of employees
During the period the average number of employees was 0.