REGISTERED NUMBER: 04685705 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE QUAYS FREEHOLD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J P Bird

G Mckerracher

S L Nixon

E A Preece

T G Kernachan

SECRETARY:

Mudd & Co Block Management Limited

REGISTERED OFFICE:

Mudd & Co Block Management

5 Peckitt Street

York

YO1 9SF

REGISTERED NUMBER:

04685705 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

Equinox House

Clifton Park, Shipton Road

York

YO30 5PA

FIXED ASSETS

Investment property

4

900,000

900,000

CURRENT ASSETS

Debtors

5

7,597

10,791

Cash at bank

77,317

64,914

84,914

75,705

CREDITORS

Amounts falling due within one year

6

44,732

69,737

NET CURRENT ASSETS

40,182

5,968

TOTAL ASSETS LESS CURRENT LIABILITIES

940,182

905,968

PROVISIONS FOR LIABILITIES

121,641

121,641

NET ASSETS

818,541

784,327

CAPITAL AND RESERVES

Called up share capital

86,000

86,000

Revaluation reserve

7

508,845

508,845

Capital redemption reserve

56,000

56,000

Retained earnings

167,696

133,482

818,541

784,327

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 22 September 2025 and were signed on its behalf by:

E A Preece - Director

1.	STATUTORY INFORMATION

The Quays Freehold 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

900,000

NET BOOK VALUE

At 31 December 2024

900,000

At 31 December 2023

900,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2003

155,486

Valuation in 2006

125,000

Valuation in 2009

150,000

Valuation in 2019

200,000

Cost

269,514

900,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,450

10,791

Other debtors

147

-

7,597

10,791

Trade debtors includes £1800 (2023 £Nil) relating to ground rents due for the previous period.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

8,026

8,605

Other creditors

36,706

61,132

44,732

69,737

Included in other creditors is an amount of £25,083 (2023 £43,000) relating to deferred ground rents.

7.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

508,845