REGISTERED NUMBER: 12318363 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

QUIET HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H L Fargher

REGISTERED OFFICE:

Grosvenor House

Grosvenor St

Mold

Flintshire

CH7 1EJ

REGISTERED NUMBER:

12318363 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

10 Nicholas Street

Chester

CH1 2NX

BANKERS:

National Westminster Bank plc

Customer Service Centre

Western Avenue

Waterside Court

Chantham

Kent

ME4 4RT

FIXED ASSETS

Tangible assets

4

383,934

54,841

CURRENT ASSETS

Stocks

1,600

1,750

Debtors

5

61,648

71,558

Cash at bank

227,862

246,463

291,110

319,771

CREDITORS

Amounts falling due within one year

6

229,275

230,090

NET CURRENT ASSETS

61,835

89,681

TOTAL ASSETS LESS CURRENT LIABILITIES

445,769

144,522

CREDITORS

Amounts falling due after more than one year

7

(261,992

)

(16,611

)

PROVISIONS FOR LIABILITIES

8

(9,395

)

(10,031

)

NET ASSETS

174,382

117,880

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

174,381

117,879

SHAREHOLDERS' FUNDS

174,382

117,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th August 2025 and were signed by:

H L Fargher - Director

1.	STATUTORY INFORMATION

Quiet Homes Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Improvements to property

-

at variable rates on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1st December 2023

-

14,183

23,764

Additions

308,177

25,363

-

At 30th November 2024

308,177

39,546

23,764

DEPRECIATION

At 1st December 2023

-

584

3,185

Charge for year

-

780

3,087

At 30th November 2024

-

1,364

6,272

NET BOOK VALUE

At 30th November 2024

308,177

38,182

17,492

At 30th November 2023

-

13,599

20,579

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st December 2023

21,592

10,127

69,666

Additions

466

3,095

337,101

At 30th November 2024

22,058

13,222

406,767

DEPRECIATION

At 1st December 2023

8,025

3,031

14,825

Charge for year

2,104

2,037

8,008

At 30th November 2024

10,129

5,068

22,833

NET BOOK VALUE

At 30th November 2024

11,929

8,154

383,934

At 30th November 2023

13,567

7,096

54,841

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

10,977

4,088

Provision for bad debts

(1,576

)

(1,101

)

Other debtors

10,629

68,571

Directors' current accounts

41,618

-

61,648

71,558

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts

9,500

9,500

Tax

32,020

31,145

Social security and other taxes

3,349

3,288

Pension creditor

81

134

VAT

54,425

40,938

Other creditors

1,338

940

Net wages

-

2,285

Directors' current accounts

-

210

Accruals and deferred income

128,562

141,650

229,275

230,090

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans - 1-2 years

6,935

9,500

Bank loans - 2-5 years

-

7,111

Mortgage

255,057

-

261,992

16,611

8.	PROVISIONS FOR LIABILITIES

30.11.24

30.11.23

£

£

Deferred tax

Accelerated capital allowances

9,395

7,556

Other timing differences

-

2,475

9,395

10,031

Deferred

Other

tax

provisions

£

£

Balance at 1st December 2023

10,031

5,081

changes in tax rates

changes in tax allowances

(636

)

-

Balance at 30th November 2024

9,395

5,081

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

£

1

Ordinary

£1

1

1

10.	CAPITAL COMMITMENTS

30.11.24

30.11.23

£

£

Contracted but not provided for in the

financial statements

-

-

11.	RELATED PARTY DISCLOSURES

Included other debtors is a loan account balance with Hanmore Property LLP. An LLP in which Mrs H L Fargher is a partner. As at 30th November 2024 the balance of this loan account was a debit of £2,870 (2023: £870). No interest is being charged on the loan and the balance is repayable on demand.

Included other debtors is a loan account balance with Limelight Letting Limited. A Company in which Mrs H L Fargher is a director. As at 30th November 2024 the balance of this loan account was a debit of £5,029 (2023: £5,029). No interest is being charged on the loan and the balance is repayable on demand.