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Company No: 04364110 (England and Wales)

IMPERIAL QUALITY HOMES LIMITED

Unaudited Financial Statements
For the financial year ended 29 September 2024
Pages for filing with the registrar

IMPERIAL QUALITY HOMES LIMITED

Unaudited Financial Statements

For the financial year ended 29 September 2024

Contents

IMPERIAL QUALITY HOMES LIMITED

BALANCE SHEET

As at 29 September 2024
IMPERIAL QUALITY HOMES LIMITED

BALANCE SHEET (continued)

As at 29 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 244 354
244 354
Current assets
Stocks 4 12,065 7,706
Debtors 5 152,010 143,497
Cash at bank and in hand 135,659 163,602
299,734 314,805
Creditors: amounts falling due within one year 6 ( 47,423) ( 53,329)
Net current assets 252,311 261,476
Total assets less current liabilities 252,555 261,830
Net assets 252,555 261,830
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account 252,553 261,828
Total shareholder's funds 252,555 261,830

For the financial year ending 29 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Imperial Quality Homes Limited (registered number: 04364110) were approved and authorised for issue by the Director on 26 August 2025. They were signed on its behalf by:

J Forbes-Brown
Director
IMPERIAL QUALITY HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 September 2024
IMPERIAL QUALITY HOMES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Imperial Quality Homes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bridge Hall Barn Hollies Road, Bradwell, Braintree, CM77 8DZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 30 September 2023 7,655 147 7,802
At 29 September 2024 7,655 147 7,802
Accumulated depreciation
At 30 September 2023 7,411 37 7,448
Charge for the financial year 61 49 110
At 29 September 2024 7,472 86 7,558
Net book value
At 29 September 2024 183 61 244
At 29 September 2023 244 110 354

4. Stocks

2024 2023
£ £
Work in progress 12,065 7,706

5. Debtors

2024 2023
£ £
Other debtors 152,010 143,497

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 2,103 2,078
Other creditors 45,320 51,251
47,423 53,329

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2