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Registration number: 08372815

132 Queens Road Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

132 Queens Road Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

132 Queens Road Limited

Company Information

Director

Mr N S Darke

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

132 Queens Road Limited

(Registration number: 08372815)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

35,000

35,000

Investments

5

1

1

 

35,001

35,001

Current assets

 

Debtors

6

-

346,639

Cash at bank and in hand

 

7,476

7,602

 

7,476

354,241

Creditors: Amounts falling due within one year

7

(836)

(248,896)

Net current assets

 

6,640

105,345

Net assets

 

41,641

140,346

Capital and reserves

 

Called up share capital

100

100

Retained earnings

41,541

140,246

Shareholders' funds

 

41,641

140,346

 

132 Queens Road Limited

(Registration number: 08372815)
Balance Sheet as at 30 November 2024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 20 June 2025
 

.........................................
Mr N S Darke
Director

 

132 Queens Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

The principal place of business is:
The Courtyard
2 London Road
Newbury
Berkshire
RG14 0JX
England

These financial statements were authorised for issue by the director on 20 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

132 Queens Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investment properties

2024
£

At 1 December

35,000

At 30 November

35,000

5

Investments

2024
£

2023
£

Investments in subsidiaries

1

1

 

132 Queens Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Subsidiaries

£

Cost or valuation

At 1 December 2023

1

Provision

Carrying amount

At 30 November 2024

1

At 30 November 2023

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Templeton House

Vicarage Court, 160 Ermin Street, Swindon, England, SN3 4NE

England

Ordinary

100%

100%

6

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

-

346,639

 

-

346,639

 

132 Queens Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

835

1,450

Other creditors

1

247,446

836

248,896

8

Related party transactions

Loans to related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

346,639

346,639

Repaid

(346,639)

(346,639)

At end of period

-

-

2023

Entities with joint control or significant influence
£

Total
£

At start of period

346,639

346,639

At end of period

346,639

346,639

Summary of transactions with entities with joint control or significant interest

For the intercompany transactions with Templeton House Ltd in which 132 Queens Road Limited hold 100% of the share capital
 

 

132 Queens Road Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Loans from related parties

2024

Entities with joint control or significant influence
£

Total
£

At start of period

247,446

247,446

Repaid

(247,446)

(247,446)

At end of period

-

-

2023

Entities with joint control or significant influence
£

Total
£

At start of period

245,880

245,880

Advanced

1,566

1,566

At end of period

247,446

247,446

Terms of loans from related parties

For the intercompany transactions with Templeton House Ltd in which 132 Queens Road Limited hold 100% of the share capital.
The company has a loan from Blue Tongue Ltd, a company that director N Darke also runs.
The loans between the companies have been written off due to a group restructure.