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Registered number: 09506064
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
Prepared By:
Stratus Financial Consultants Limited
217 Cutbush Lane
Southampton
Hampshire
SO18 2GF
QUAY DEVELOPMENTS (SOUTHERN) 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 09506064
ACCOUNTANTS
Stratus Financial Consultants Limited
217 Cutbush Lane
Southampton
Hampshire
SO18 2GF
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Investment Assets35,518,8955,971,167
CURRENT ASSETS
Debtors4967,80534,293
Cash at bank and in hand545,1441,033,897
1,512,9491,068,190
CREDITORS: Amounts falling due within one year511,43621,035
NET CURRENT ASSETS1,501,5131,047,155
TOTAL ASSETS LESS CURRENT LIABILITIES7,020,4087,018,322
CREDITORS: Amounts falling due after more than one year61,735,8001,735,800
NET ASSETS5,284,6085,282,522
CAPITAL AND RESERVES
Called up share capital7274,133274,133
Share premium account8967,256967,256
Profit and loss account4,043,2194,041,133
SHAREHOLDERS' FUNDS5,284,6085,282,522
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
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
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.
The accounts have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.
1b. Investments
Investments held as fixed assets are stated at cost less provision for any impairment.
1c. Preparation Of Consolidated Financial Statements
The accounts contain information about Quay Developments (Southern) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
2. EMPLOYEES
20242023
No.No.
Average number of employees11
3. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/01/20245,971,1675,971,167
Disposals(452,272)(452,272)
At 31/12/20245,518,8955,518,895
Amortisation
Net Book Amounts
At 31/12/20245,518,8955,518,895
At 31/12/20235,971,1675,971,167
The above disposal represents subsidiary company pre acquisition profits realised in the year.
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
4. DEBTORS 20242023
££
Amounts falling due within one year
Amounts due from group companies967,805-
Accrued income-34,293
967,80534,293
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax3,2203,198
Other creditors4343
Accruals7,1737,173
Amounts due to group companies1,00010,621
11,43621,035
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loan notes1,735,8001,735,800
1,735,8001,735,800
The loan notes are due for repayment on 31 March 2065.
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
6 Class A shares of £1 each66
62 Class B shares of £1 each6262
73 Class C shares of £1 each7373
74 Class D shares of £1 each7474
273,918 Redeemable Preferred shares of £1 each273,918273,918
274,133274,133
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
8. SHARE PREMIUM ACCOUNT 20242023
££
Share premium account967,256967,256
9. CONTROLLING PARTY
The controlling party is A J Hunt.
10. RELATED PARTY TRANSACTIONS
The company has taken advantage of exemption under the terms of FRS 102 not to disclose related party transactions with wholly owned subsidiaries within the group.
11. INTEREST RECEIVABLE AND OTHER INCOME
Includes dividend income of £228,358 (2023; £347,358).