| Questmark Investments Limited |
| Registered number: |
03888202 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,373,545 |
|
|
1,373,545 |
| Investments |
4 |
|
|
- |
|
|
1 |
|
|
|
|
1,373,545 |
|
|
1,373,546 |
|
| Current assets |
| Cash at bank and in hand |
|
|
69,615 |
|
|
101,932 |
|
| Creditors: amounts falling due within one year |
5 |
|
(232,085) |
|
|
(236,003) |
|
| Net current liabilities |
|
|
|
(162,470) |
|
|
(134,071) |
|
| Total assets less current liabilities |
|
|
|
1,211,075 |
|
|
1,239,475 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(455,075) |
|
|
(475,942) |
|
| Provisions for liabilities |
|
|
|
(139,301) |
|
|
(139,301) |
|
|
| Net assets |
|
|
|
616,699 |
|
|
624,232 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
188 |
|
|
188 |
| Revaluation reserve |
8 |
|
|
604,998 |
|
|
604,998 |
| Profit and loss account |
|
|
|
11,513 |
|
|
19,046 |
|
| Shareholders' funds |
|
|
|
616,699 |
|
|
624,232 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| B H Ellinger |
| Director |
| Approved by the board on 10 September 2025 |
|
| Questmark Investments Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Rental Income |
|
Rental income represents the value of rent receivable in the year. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures and fittings |
20% straight line |
|
Investment Properties |
not depreciated |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Investment Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
1,373,545 |
|
2,227 |
|
1,375,772 |
|
At 31 December 2024 |
1,373,545 |
|
2,227 |
|
1,375,772 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
- |
|
2,227 |
|
2,227 |
|
At 31 December 2024 |
- |
|
2,227 |
|
2,227 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
1,373,545 |
|
- |
|
1,373,545 |
|
At 31 December 2023 |
1,373,545 |
|
- |
|
1,373,545 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2024 |
|
2023 |
| £ |
£ |
|
Historical cost |
652,154 |
|
652,154 |
|
|
|
|
|
|
. |
|
The investment properties were revalued by the directors on an open market basis at 31st December 2024. |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 January 2024 |
1 |
|
Disposals dormant company |
(1) |
|
|
At 31 December 2024 |
- |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
2,384 |
|
2,384 |
|
Other taxes and social security costs |
439 |
|
457 |
|
Other creditors |
229,262 |
|
233,162 |
|
|
|
|
|
|
232,085 |
|
236,003 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
422,972 |
|
425,470 |
|
Other creditors |
32,103 |
|
50,472 |
|
|
|
|
|
|
455,075 |
|
475,942 |
|
|
| 7 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
|
45,338 |
|
45,338 |
|
|
Secured bank loans |
427,854 |
|
427,854 |
|
|
|
|
|
|
|
|
|
|
Bank loans are secured on the company's investment properties and Lloyds TSB Bank plc have a debenture including fixed and floating charges over the whole assets of the company. |
|
| 8 |
Revaluation reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
At 1 January 2024 |
604,998 |
|
609,146 |
|
Loss on revaluation of land and buildings net of disposals |
- |
|
(36,793) |
|
Deferred taxation on the revaluation of investment property |
- |
|
32,645 |
|
and adjustment to reserve |
|
|
At 31 December 2024 |
604,998 |
|
604,998 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
The associated companies, which are owned by the Estate of the late director C.J.P. Battersby, have loaned funds to Questmark Investments Limited. Abbotswood Limited £32,103 (2023 £30,869) ,Pepperpot Investments Limited £20,079 (2023 £20,079), Hyde Lane Properties Limited £31,338 (£31,338 2023) and Prelanglen Limited £50,000 (£50,000 2023). |
|
|
| 10 |
Other information |
|
|
Questmark Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Sudley Terrace |
|
High Street |
|
Bognor Regis |
|
West Sussex |
|
PO21 1EY |