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Registered number: 05268419

TOWN QUAY DEVELOPMENTS LIMITED

ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

Prepared By:

Stratus Financial Consultants Limited

217 Cutbush Lane

Southampton

Hampshire

SO18 2GF

TOWN QUAY DEVELOPMENTS LIMITED

ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

DIRECTORS

A J Hunt

REGISTERED OFFICE

3rd Floor, Staple House

Staple Gardens

Winchester

Hampshire

SO23 8SR

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 05268419

ACCOUNTANTS

Stratus Financial Consultants Limited

217 Cutbush Lane

Southampton

Hampshire

SO18 2GF

TOWN QUAY DEVELOPMENTS LIMITED

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
		Page
Directors' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

TOWN QUAY DEVELOPMENTS LIMITED

BALANCE SHEET AT 31/12/2024
						2024				2023
		Notes				£				£
FIXED ASSETS
Tangible assets		3,4				426,152				396,520
CURRENT ASSETS
Stock				1,397,217				1,271,412
Debtors		6		1,738,302				712,991
Cash at bank and in hand				157,758				732,218
				3,293,277				2,716,621
CREDITORS: Amounts falling due within one year		7		628,166				546,796
NET CURRENT ASSETS						2,665,111				2,169,825
TOTAL ASSETS LESS CURRENT LIABILITIES						3,091,263				2,566,345
CREDITORS: Amounts falling due after more than one year		8				973,619				459,291
PROVISIONS FOR LIABILITIES AND CHARGES		9				12,229				4,653
NET ASSETS						2,105,415				2,102,401
CAPITAL AND RESERVES
Called up share capital		10				1,000				1,000
Profit and loss account						2,104,415				2,101,401
SHAREHOLDERS' FUNDS						2,105,415				2,102,401
For the year ending 31/12/2024 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 08/09/2025 and signed on their behalf by
.............................
A J Hunt
Director

TOWN QUAY DEVELOPMENTS LIMITED

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/12/2024

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Properties - Straight line 20%
Fixtures And Fittings - Straight line 25%
Equipment - Straight line 25% to 50%

1c. Investment Properties

Investment property is initially recognised at cost. It is then measured at fair value at each reporting date. Any fair value gains arising are not realised profits and therefore are transferred to a separately designated non distributable fair value reserve.

1d. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

1e. Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

TOWN QUAY DEVELOPMENTS LIMITED

1f. Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1g. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover also includes rents receivable from the letting of units together with management charge income and recharges.

2. EMPLOYEES
				2024		2023
				No.		No.
Average number of employees				4		4

3. TANGIBLE FIXED ASSETS
		Short Leasehold		Fixtures
		Properties		and Fittings		Equipment		Total
		£		£		£		£
Cost
At 01/01/2024		-		14,406		52,510		66,916
Additions		24,488		2,755		18,263		45,506
At 31/12/2024		24,488		17,161		70,773		112,422
Depreciation
At 01/01/2024		-		3,634		33,897		37,531
For the year		1,632		841		13,426		15,899
At 31/12/2024		1,632		4,475		47,323		53,430
Net Book Amounts
At 31/12/2024		22,856		12,686		23,450		58,992
At 31/12/2023		-		10,772		18,613		29,385

4. INVESTMENT PROPERTIES
		Investment
		Properties		Total
		£		£
Fair value
At 01/01/2024		367,135		367,135
Additions		25		25
At 31/12/2024		367,160		367,160
The fair value of the investment property was assessed by the director at 31 December 2024. The location and class of property were among the factors that were taken into condsideration when determining fair value.

TOWN QUAY DEVELOPMENTS LIMITED

5. STOCK				2024		2023
				£		£
Stock comprises:
Work in progress				1,397,217		1,271,412
				1,397,217		1,271,412

6. DEBTORS				2024		2023
				£		£
Amounts falling due within one year
Trade debtors				577,357		296,398
Other debtors				1,113,569		400,000
Amounts due from group companies				-		9,621
Prepayments				47,376		6,972
				1,738,302		712,991

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2024		2023
				£		£
UK corporation tax				103,761		141,901
VAT				143,280		121,132
Trade creditors				37,616		30,631
Other creditors				159,552		157,784
Accruals				183,957		95,348
				628,166		546,796

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
				2024		2023
				£		£
Due to group companies >1yr				973,619		459,291
				973,619		459,291

9. PROVISIONS FOR LIABILITIES				2024		2023
				£		£
Deferred taxation				12,229		4,653
				12,229		4,653

TOWN QUAY DEVELOPMENTS LIMITED

10. SHARE CAPITAL				2024		2023
				£		£
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each				1000		1000
				1,000		1,000

11. CONTROLLING PARTY

The ultimate controlling party is A J Hunt.

12. RELATED PARTY TRANSACTIONS

The company has taken advantage, under the terms of Financial Reporting Standard 102, not to disclose related party transactions with wholly owned companies within the group.

13. PARENT COMPANY

The parent company is Quay Developments (Southern) Limited.