2023-12-012024-11-302024-11-30false12337457LQ PROPERTIES LIMITED2025-08-2668100falseiso4217:GBPxbrli:pure123374572023-11-30123374572024-11-30123374572023-12-012024-11-30123374572022-11-30123374572023-11-30123374572022-12-012023-11-3012337457bus:SmallEntities2023-12-012024-11-3012337457bus:AuditExempt-NoAccountantsReport2023-12-012024-11-3012337457bus:FullAccounts2023-12-012024-11-3012337457bus:PrivateLimitedCompanyLtd2023-12-012024-11-3012337457core:WithinOneYear2024-11-3012337457core:AfterOneYear2024-11-3012337457core:WithinOneYear2023-11-3012337457core:AfterOneYear2023-11-3012337457core:ShareCapital2024-11-3012337457core:SharePremium2024-11-3012337457core:RevaluationReserve2024-11-3012337457core:OtherReservesSubtotal2024-11-3012337457core:RetainedEarningsAccumulatedLosses2024-11-3012337457core:ShareCapital2023-11-3012337457core:SharePremium2023-11-3012337457core:RevaluationReserve2023-11-3012337457core:OtherReservesSubtotal2023-11-3012337457core:RetainedEarningsAccumulatedLosses2023-11-3012337457core:LandBuildings2024-11-3012337457core:PlantMachinery2024-11-3012337457core:Vehicles2024-11-3012337457core:FurnitureFittings2024-11-3012337457core:OfficeEquipment2024-11-3012337457core:NetGoodwill2024-11-3012337457core:IntangibleAssetsOtherThanGoodwill2024-11-3012337457core:ListedExchangeTraded2024-11-3012337457core:UnlistedNon-exchangeTraded2024-11-3012337457core:LandBuildings2023-11-3012337457core:PlantMachinery2023-11-3012337457core:Vehicles2023-11-3012337457core:FurnitureFittings2023-11-3012337457core:OfficeEquipment2023-11-3012337457core:NetGoodwill2023-11-3012337457core:IntangibleAssetsOtherThanGoodwill2023-11-3012337457core:ListedExchangeTraded2023-11-3012337457core:UnlistedNon-exchangeTraded2023-11-3012337457core:LandBuildings2023-12-012024-11-3012337457core:PlantMachinery2023-12-012024-11-3012337457core:Vehicles2023-12-012024-11-3012337457core:FurnitureFittings2023-12-012024-11-3012337457core:OfficeEquipment2023-12-012024-11-3012337457core:NetGoodwill2023-12-012024-11-3012337457core:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3012337457core:ListedExchangeTraded2023-12-012024-11-3012337457core:UnlistedNon-exchangeTraded2023-12-012024-11-3012337457core:MoreThanFiveYears2023-12-012024-11-3012337457core:Non-currentFinancialInstruments2024-11-3012337457core:Non-currentFinancialInstruments2023-11-3012337457dpl:CostSales2023-12-012024-11-3012337457dpl:DistributionCosts2023-12-012024-11-3012337457core:LandBuildings2023-12-012024-11-3012337457core:PlantMachinery2023-12-012024-11-3012337457core:Vehicles2023-12-012024-11-3012337457core:FurnitureFittings2023-12-012024-11-3012337457core:OfficeEquipment2023-12-012024-11-3012337457dpl:AdministrativeExpenses2023-12-012024-11-3012337457core:NetGoodwill2023-12-012024-11-3012337457core:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3012337457dpl:GroupUndertakings2023-12-012024-11-3012337457dpl:ParticipatingInterests2023-12-012024-11-3012337457dpl:GroupUndertakingscore:ListedExchangeTraded2023-12-012024-11-3012337457core:ListedExchangeTraded2023-12-012024-11-3012337457dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-12-012024-11-3012337457core:UnlistedNon-exchangeTraded2023-12-012024-11-3012337457dpl:CostSales2022-12-012023-11-3012337457dpl:DistributionCosts2022-12-012023-11-3012337457core:LandBuildings2022-12-012023-11-3012337457core:PlantMachinery2022-12-012023-11-3012337457core:Vehicles2022-12-012023-11-3012337457core:FurnitureFittings2022-12-012023-11-3012337457core:OfficeEquipment2022-12-012023-11-3012337457dpl:AdministrativeExpenses2022-12-012023-11-3012337457core:NetGoodwill2022-12-012023-11-3012337457core:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3012337457dpl:GroupUndertakings2022-12-012023-11-3012337457dpl:ParticipatingInterests2022-12-012023-11-3012337457dpl:GroupUndertakingscore:ListedExchangeTraded2022-12-012023-11-3012337457core:ListedExchangeTraded2022-12-012023-11-3012337457dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-12-012023-11-3012337457core:UnlistedNon-exchangeTraded2022-12-012023-11-3012337457core:NetGoodwill2024-11-3012337457core:IntangibleAssetsOtherThanGoodwill2024-11-3012337457core:LandBuildings2024-11-3012337457core:PlantMachinery2024-11-3012337457core:Vehicles2024-11-3012337457core:FurnitureFittings2024-11-3012337457core:OfficeEquipment2024-11-3012337457core:AfterOneYear2024-11-3012337457core:WithinOneYear2024-11-3012337457core:ListedExchangeTraded2024-11-3012337457core:UnlistedNon-exchangeTraded2024-11-3012337457core:ShareCapital2024-11-3012337457core:SharePremium2024-11-3012337457core:RevaluationReserve2024-11-3012337457core:OtherReservesSubtotal2024-11-3012337457core:RetainedEarningsAccumulatedLosses2024-11-3012337457core:NetGoodwill2023-11-3012337457core:IntangibleAssetsOtherThanGoodwill2023-11-3012337457core:LandBuildings2023-11-3012337457core:PlantMachinery2023-11-3012337457core:Vehicles2023-11-3012337457core:FurnitureFittings2023-11-3012337457core:OfficeEquipment2023-11-3012337457core:AfterOneYear2023-11-3012337457core:WithinOneYear2023-11-3012337457core:ListedExchangeTraded2023-11-3012337457core:UnlistedNon-exchangeTraded2023-11-3012337457core:ShareCapital2023-11-3012337457core:SharePremium2023-11-3012337457core:RevaluationReserve2023-11-3012337457core:OtherReservesSubtotal2023-11-3012337457core:RetainedEarningsAccumulatedLosses2023-11-3012337457core:NetGoodwill2022-11-3012337457core:IntangibleAssetsOtherThanGoodwill2022-11-3012337457core:LandBuildings2022-11-3012337457core:PlantMachinery2022-11-3012337457core:Vehicles2022-11-3012337457core:FurnitureFittings2022-11-3012337457core:OfficeEquipment2022-11-3012337457core:AfterOneYear2022-11-3012337457core:WithinOneYear2022-11-3012337457core:ListedExchangeTraded2022-11-3012337457core:UnlistedNon-exchangeTraded2022-11-3012337457core:ShareCapital2022-11-3012337457core:SharePremium2022-11-3012337457core:RevaluationReserve2022-11-3012337457core:OtherReservesSubtotal2022-11-3012337457core:RetainedEarningsAccumulatedLosses2022-11-3012337457core:AfterOneYear2023-12-012024-11-3012337457core:WithinOneYear2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:CostValuation2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-012024-11-3012337457core:Non-currentFinancialInstrumentscore:CostValuation2024-11-3012337457core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-11-3012337457core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-11-3012337457core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-11-3012337457core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-11-3012337457core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-11-3012337457core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-11-3012337457core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-11-3012337457core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-11-3012337457core:Non-currentFinancialInstrumentscore:CostValuation2023-11-3012337457core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-11-3012337457core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-11-3012337457core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-11-3012337457core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-11-3012337457core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-11-3012337457core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-11-3012337457core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-11-3012337457core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-11-3012337457bus:Director12023-12-012024-11-30

LQ PROPERTIES LIMITED

Registered Number
12337457
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

LQ PROPERTIES LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

HAN, Yunzhen

Registered Address

35 Pond Street
London
NW3 2PN

Registered Number

12337457 (England and Wales)
LQ PROPERTIES LIMITED
Statement of Financial Position
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investment property37,222,1827,222,182
7,222,1827,222,182
Current assets
Debtors488,67526,856
Cash at bank and on hand1,009,8811,113,552
1,098,5561,140,408
Creditors amounts falling due within one year5(108,990)(63,386)
Net current assets (liabilities)989,5661,077,022
Total assets less current liabilities8,211,7488,299,204
Creditors amounts falling due after one year6(8,310,161)(8,376,038)
Net assets(98,413)(76,834)
Capital and reserves
Called up share capital1,0001,000
Profit and loss account(99,413)(77,834)
Shareholders' funds(98,413)(76,834)
The financial statements were approved and authorised for issue by the Board of Directors on 26 August 2025, and are signed on its behalf by:
HAN, Yunzhen
Director
Registered Company No. 12337457
LQ PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The financial statements have been prepared assuming the company will continue as a going concern. At the year end, the company had net liabilities of £98,413 and loss before taxation of £21,580. However, the directors consider that the company has adequate resources available in order to continue in operational existence for the foreseeable future based on the continuing support from its shareholders. The financial statements do not include the adjustments that would result if the company would be unable to continue in operation.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investment property
Investment properties are properties held to earn rentals or for capital appreciation, or both, and are accounted for using the fair value model. Investment properties are revalued annually with resulting gains and losses recognised in profit or loss. These are included in the statement of financial position at their fair values.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year22
3.Investment property

£
Fair value at 01 December 237,222,182
At 30 November 247,222,182
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables36,181-
Other debtors3,0003,000
Prepayments and accrued income49,49423,856
Total88,67526,856
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables20,48716,853
Other creditors-6,294
Accrued liabilities and deferred income88,50340,239
Total108,99063,386
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts4,371,6084,371,608
Other creditors3,938,5534,004,430
Total8,310,1618,376,038