UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

QUINTA DA LAGOA ESTATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J R Morris

SECRETARY:

Abacus Secretaries (Gibraltar) Limited

REGISTERED OFFICE:

3 Higham Cottages

Higham

Robertsbridge

East Sussex

TN32 5PS

REGISTERED NUMBER:

02797851 (England and Wales)

ACCOUNTANTS:

Abacus Financial Services Limited

5 - 9 Main Street

Gibraltar

GX11 1AA

FIXED ASSETS

Tangible assets

4

3,002,657

3,002,657

CURRENT ASSETS

Debtors

5

171

174

CREDITORS

Amounts falling due within one year

6

231,144

227,047

NET CURRENT LIABILITIES

(230,973

)

(226,873

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,771,684

2,775,784

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

2,771,674

2,775,774

SHAREHOLDERS' FUNDS

2,771,684

2,775,784

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 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 31 October 2025 and were signed by:

M J R Morris - Director

1.	STATUTORY INFORMATION

Quinta Da Lagoa Estates 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.

Tangible fixed assets

Land and buildings are stated at revalued amounts, being fair value at the date of the revaluation. Land is not depreciated. Buildings are depreciated on a straight-line basis over 50 years (2% per annum). The asset was initially recognised at cost and subsequently revalued to fair value. The gain or loss on revaluation is recognised through the profit and loss account.

Taxation

Where necessary, provision at the applicable rate is made for corporation tax payable on profits for the year taking into account any available tax losses.

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 between the taxable profits and the results are stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they ae recognised in the financial statements.

A net deferred tax asset is treated as recoverable and therefore recognised only when it can be regarded as more likely than not that there will be suitable taxable profit from which the future reversal of underlying timing differences can be deducted.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing differences are expected to revert based on tax rates and laws that have been enacted by the balance sheet date.

Deferred tax is measured on a non-discounted basis.

Functional and presentational currency

The financial statements are presented in Sterling (£) which is the company's functional and presentational currency.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2024

and 31 December 2024

3,002,657

NET BOOK VALUE

At 31 December 2024

3,002,657

At 31 December 2023

3,002,657

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Called up share capital not paid

10

10

Prepayments

161

164

171

174

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amount due to shareholders

229,241

225,445

Accrued expenses

1,903

1,602

231,144

227,047

The amount due to the shareholders is unsecured, interest-free and has no fixed repayment terms.

7.	ULTIMATE CONTROLLING PARTY

The director has elected not to disclose the ultimate controlling party. This represents a departure from FRS102.