REGISTERED NUMBER: 07164363 (England and Wales)

QUEENSGATE ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S M Tolley

REGISTERED OFFICE:

41 Warstone Lane

Birmingham

West Midlands

B18 6JJ

REGISTERED NUMBER:

07164363 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Tangible assets

4

51,451

29,953

CURRENT ASSETS

Stocks

843,762

767,431

Debtors

5

17,515

27,105

Cash at bank and in hand

1,150,437

501,910

2,011,714

1,296,446

CREDITORS

Amounts falling due within one year

6

609,596

416,943

NET CURRENT ASSETS

1,402,118

879,503

TOTAL ASSETS LESS CURRENT LIABILITIES

1,453,569

909,456

CREDITORS

Amounts falling due after more than one year

7

(354,727

)

(85,184

)

PROVISIONS FOR LIABILITIES

(12,863

)

(7,488

)

NET ASSETS

1,085,979

816,784

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1,085,975

816,780

SHAREHOLDERS' FUNDS

1,085,979

816,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 October 2025 and were signed by:

S M Tolley - Director

1.	STATUTORY INFORMATION

Queensgate Associates 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 presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

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

Tangible fixed assets

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

Improvements to Property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Property

machinery

fittings

£

£

£

COST

At 1 April 2024

32,579

43,106

24,747

Additions

-

39,075

-

Disposals

(32,579

)

-

(10,337

)

At 31 March 2025

-

82,181

14,410

DEPRECIATION

At 1 April 2024

32,579

35,878

17,850

Charge for year

-

8,048

2,133

Eliminated on disposal

(32,579

)

-

(10,337

)

At 31 March 2025

-

43,926

9,646

NET BOOK VALUE

At 31 March 2025

-

38,255

4,764

At 31 March 2024

-

7,228

6,897

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

36,800

24,261

161,493

Additions

-

791

39,866

Disposals

-

(18,017

)

(60,933

)

At 31 March 2025

36,800

7,035

140,426

DEPRECIATION

At 1 April 2024

22,080

23,153

131,540

Charge for year

7,360

827

18,368

Eliminated on disposal

-

(18,017

)

(60,933

)

At 31 March 2025

29,440

5,963

88,975

NET BOOK VALUE

At 31 March 2025

7,360

1,072

51,451

At 31 March 2024

14,720

1,108

29,953

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

14,232

Other debtors

17,515

12,873

17,515

27,105

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

112,726

179,501

Trade creditors

-

10,066

Taxation and social security

294,152

174,408

Other creditors

202,718

52,968

609,596

416,943

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

354,727

85,184

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

48,173

99,297

Bank loans

419,280

165,388

467,453

264,685

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S M Tolley.