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Company Registration No. SC522819 (Scotland)
JGQ Properties Ltd Unaudited accounts for the year ended 31 December 2024
JGQ Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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JGQ Properties Ltd Company Information for the year ended 31 December 2024
Directors
Mrs G A C Quinn Mr Joseph Quinn
Company Number
SC522819 (Scotland)
Registered Office
3/7 54 Gordon Street Glasgow G1 3PU Scotland
Accountants
Callan Accountancy 21 - 23 Woodside Place Glasgow G3 7QF
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JGQ Properties Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
17,610 
22,834 
Current assets
Debtors
5
2,675 
- 
Cash at bank and in hand
35,757 
8,303 
38,432 
8,303 
Creditors: amounts falling due within one year
6
(54,849)
(9,527)
Net current liabilities
(16,417)
(1,224)
Net assets
1,193 
21,610 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,093 
21,510 
Shareholders' funds
1,193 
21,610 
For the year ending 31 December 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2025 and were signed on its behalf by
Mr Joseph Quinn Director Company Registration No. SC522819
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JGQ Properties Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
JGQ Properties Ltd is a private company, limited by shares, registered in Scotland, registration number SC522819. The registered office is 3/7 54 Gordon Street, Glasgow, G1 3PU, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Fixtures & fittings
25% reducing balance method
Computer equipment
33.33% Straight Line Method
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
36,979 
- 
6,205 
43,184 
Additions
- 
235 
2,557 
2,792 
At 31 December 2024
36,979 
235 
8,762 
45,976 
Depreciation
At 1 January 2024
16,836 
- 
3,514 
20,350 
Charge for the year
5,036 
59 
2,921 
8,016 
At 31 December 2024
21,872 
59 
6,435 
28,366 
Net book value
At 31 December 2024
15,107 
176 
2,327 
17,610 
At 31 December 2023
20,143 
- 
2,691 
22,834 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,675 
- 
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JGQ Properties Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,516 
- 
Trade creditors
7,260 
- 
Taxes and social security
25,104 
991 
Other creditors
965 
- 
Loans from directors
7,004 
7,336 
Accruals
- 
1,200 
54,849 
9,527 
7
Average number of employees
During the year the average number of employees was 1 (2023: 0).
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