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REGISTERED NUMBER: 11583606 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Quarters Residential Estate Agents Ltd

Quarters Residential Estate Agents Ltd (Registered number: 11583606)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Quarters Residential Estate Agents Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N M Harris
T M Harris





REGISTERED OFFICE: 30a
Rose street
Wokingham
Berkshire
RG40 1XU





REGISTERED NUMBER: 11583606 (England and Wales)





ACCOUNTANTS: ATS Accounting & Tax Solutions Ltd
6 Corfield Close
Finchampstead
Wokingham
Berkshire
RG40 4PA

Quarters Residential Estate Agents Ltd (Registered number: 11583606)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 7,884 10,745

CURRENT ASSETS
Debtors 5 91,492 42,503
Cash at bank 167,813 157,681
259,305 200,184
CREDITORS
Amounts falling due within one
year

6

47,364

31,123
NET CURRENT ASSETS 211,941 169,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,825

179,806

PROVISIONS FOR LIABILITIES 291 287
NET ASSETS 219,534 179,519

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 219,434 179,419
SHAREHOLDERS' FUNDS 219,534 179,519

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Quarters Residential Estate Agents Ltd (Registered number: 11583606)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:




N M Harris - Director



T M Harris - Director


Quarters Residential Estate Agents Ltd (Registered number: 11583606)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Quarters Residential Estate Agents Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Quarters Residential Estate Agents Ltd (Registered number: 11583606)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 January 2024 22,199
Additions 617
At 31 December 2024 22,816
DEPRECIATION
At 1 January 2024 11,454
Charge for year 3,478
At 31 December 2024 14,932
NET BOOK VALUE
At 31 December 2024 7,884
At 31 December 2023 10,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 91,492 42,503

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) -
Taxation and social security 46,435 12,627
Other creditors 930 18,496
47,364 31,123

Quarters Residential Estate Agents Ltd (Registered number: 11583606)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
N M Harris
Balance outstanding at start of year 21,868 9,056
Amounts advanced 22,979 12,812
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,847 21,868

T M Harris
Balance outstanding at start of year 20,635 5,060
Amounts advanced 23,510 15,575
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 44,145 20,635

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Quarters Residential Estate Agents Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quarters Residential Estate Agents Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Quarters Residential Estate Agents Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quarters Residential Estate Agents Ltd and state those matters that we have agreed to state to the Board of Directors of Quarters Residential Estate Agents Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quarters Residential Estate Agents Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Quarters Residential Estate Agents Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Quarters Residential Estate Agents Ltd. You consider that Quarters Residential Estate Agents Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quarters Residential Estate Agents Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






ATS Accounting & Tax Solutions Ltd
6 Corfield Close
Finchampstead
Wokingham
Berkshire
RG40 4PA


29 August 2025