Q Park 22 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13935695

Q Park 22 Limited

Filleted Unaudited Financial Statements

31 December 2024

Q Park 22 Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Investments	5	1,600	1,600

Current assets

Stocks		2,546,232	7,595,891
Debtors	6	1,237,744	1,914,345
Cash at bank and in hand		3,149	16,572
		------------	------------
		3,787,125	9,526,808

Creditors: amounts falling due within one year	7	4,638,202	10,330,373
		------------	-------------
Net current liabilities		851,077	803,565
		---------	---------
Total assets less current liabilities		( 849,477)	( 801,965)
		---------	---------
Net liabilities		( 849,477)	( 801,965)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 849,577)	( 802,065)
	---------	---------
Shareholders deficit	( 849,477)	( 801,965)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Q Park 22 Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

R Pankhania	S Ladwa
Director	Director

Company registration number: 13935695

Q Park 22 Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 173 Cleveland Street, London, W1T 6QR. The trading address of the company is Stanmore House, 15-19 Church Road, Stanmore, Middlesex, HA7 4AR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is dependent upon continuing financial support being made available by the shareholders to enable the company to continue in operation as a going concern and meet its liabilities as they fall due. In view of the above arrangement,there are no material uncertainties about the company's ability to continue for at least the next 12 months from the date of this report.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises of proceeds from property sales, rental income, and other fees receivable and is stated net of value added tax where appropriate. Revenue relating to property sales is recognised when legally binding contracts which are irrevocable and effectively unconditional are exchanged and, when completion has taken place prior to the date on which the financial statements are approved.

Stocks

Stocks which comprises of development properties are valued at the lower of cost and estimated net realisable value. Stock includes principally the property cost, construction costs, project management costs and all associated costs incurred during the course of development. Net realisable value is the price at which the stock can be realised in the normal course of business, less further costs to completion of sale. Interest and loan arrangement fees payable to acquire and develop properties for resale is written off as incurred.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 3 (2023: 3).

5. Investments

	Shares in group undertakings	Loans to group undertakings	Total
	£	£	£
Cost
At 1 January 2024 and 31 December 2024	36	1,564	1,600
	----	-------	-------
Impairment
At 1 January 2024 and 31 December 2024	–	–	–
	----	-------	-------

Carrying amount
At 31 December 2024	36	1,564	1,600
	----	-------	-------
At 31 December 2023	36	1,564	1,600
	----	-------	-------

6. Debtors

	2024	2023
	£	£
Other debtors	1,237,744	1,914,345
	------------	------------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	–	3,502,440
Trade creditors	–	70,903
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,156,095	6,528,541
Other creditors	482,107	228,489
	------------	-------------
	4,638,202	10,330,373
	------------	-------------

The bank loan totalling £NIL (2023: £3,502,440) was secured by a debenture in the approved form granted by the company in favour of the bank, a first legal charge over the property, a rent charge agreement by the company, a charge over the cash deposits held with the bank by the company, a deed of subordination and a personal guarantee from the directors', R Pankhania and A Pankhania in favour of the bank limited to £988,500.

8. Related party transactions

The company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.

9. Controlling party

The immediate parent company is Parkview Homes Limited , a company incorporated in England and Wales. The ultimate controlling party is Parkview UK Holdings Limited , a company incorporated in England and Wales with its registered office located at 173 Cleveland Street, London, W1T 6QR.