REGISTERED NUMBER: 02950408 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

LIZ QUILTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

M J Quilter

M Bromwich

Registered office:

12 Printworks Road

Frome

Somerset

BA11 1GN

Registered number:

02950408 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

2,208

2,760

Investments

5

166,646

-

Investment property

6

342,218

332,251

511,072

335,011

Current assets

Debtors

7

242

148

Cash at bank

228,863

398,109

229,105

398,257

Creditors

Amounts falling due within one year

8

24,197

33,924

Net current assets

204,908

364,333

Total assets less current liabilities

715,980

699,344

Provisions for liabilities

1,894

-

Net assets

714,086

699,344

Capital and reserves

Called up share capital

9

125,002

125,002

Fair value reserve

8,073

-

Retained earnings

581,011

574,342

Shareholders' funds

714,086

699,344

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.

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 9 September 2025 and were signed on its behalf by:

M J Quilter - Director

1.	Statutory information

Liz Quilter 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 financial statements are presented in Sterling, which is the functional currency of the company, rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the revenue earned from the letting of property.

Such revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for lettings. It is measured at the fair value of the right to consideration, which represents amounts chargeable to tenants, including expenses and disbursements but excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Going concern

The director has made an assessment of the company's ability to continue as a going concern and has identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern in the foreseeable future. The company has let the freehold property, which it owns, for a term of ten years from October 2011.

3.	Employees and directors

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

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 January 2024

and 31 December 2024

3,450

Depreciation

At 1 January 2024

690

Charge for year

552

At 31 December 2024

1,242

Net book value

At 31 December 2024

2,208

At 31 December 2023

2,760

5.	Fixed asset investments

Other

investments

£

Cost or valuation

Additions

162,818

Revaluations

3,828

At 31 December 2024

166,646

Net book value

At 31 December 2024

166,646

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Valuation in 2024

3,828

Cost

162,818

166,646

6.	Investment property

Total

£

Fair value

At 1 January 2024

332,251

Revaluations

9,967

At 31 December 2024

342,218

Net book value

At 31 December 2024

342,218

At 31 December 2023

332,251

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

342,218

If Investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

332,251

-

The investment property was valued on an open market basis on 31 December 2024 by the directors .

7.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

242

148

8.

Creditors: amounts falling due within one year

2024

2023

£

£

Other creditors

24,197

33,924

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

125,002

Ordinary

£1

125,002

125,002

10.	Ultimate controlling party

The controlling party is M J Quilter.