QUARTERMILE DEVELOPMENTS LIMITED

Company Registration Number:
SC334580 (Scotland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

QUARTERMILE DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

QUARTERMILE DEVELOPMENTS LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 105,000 38,000
Total fixed assets: 105,000 38,000
Current assets
Debtors:   173,000 602,000
Cash at bank and in hand: 155,000 264,000
Total current assets: 328,000 866,000
Creditors: amounts falling due within one year:   (225,000) (284,000)
Net current assets (liabilities): 103,000 582,000
Total assets less current liabilities: 208,000 620,000
Total net assets (liabilities): 208,000 620,000
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 207,999 619,999
Shareholders funds: 208,000 620,000

The notes form part of these financial statements

QUARTERMILE DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 June 2025
and signed on behalf of the board by:

Name: Paul Curran
Status: Director

The notes form part of these financial statements

QUARTERMILE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

QUARTERMILE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 19 21

QUARTERMILE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 165,000
Additions 106,000
Disposals (103,000)
At 31 December 2024 168,000
Depreciation
At 01 January 2024 127,000
Charge for year 21,000
On disposals (85,000)
At 31 December 2024 63,000
Net book value
At 31 December 2024 105,000
At 31 December 2023 38,000

QUARTERMILE DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Financial commitments

The company had the following future minimum lease payments under non-cancellable finance leases for each of the following periods: Not later than one year £47,000 (2023: nil) Later than one year and not later than five years £85,000 (2023: nil).