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Company Registration No. NI063209 (Northern Ireland)
Quigg Developments Ltd Unaudited accounts for the year ended 28 February 2025
Quigg Developments Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Quigg Developments Ltd Company Information for the year ended 28 February 2025
Directors
Declan Quigg Sean Quigg
Secretary
Patrina Quigg
Company Number
NI063209 (Northern Ireland)
Registered Office
444 Ravenhill Road Belfast BT6 0BU
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Quigg Developments Ltd Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
16,469
19,957
Investment property
5
95,750
95,750
112,219
115,707
Current assets
Inventories
73,476
93,476
Debtors
6
25,147
25,200
Cash at bank and in hand
1,190
449
99,813
119,125
Creditors: amounts falling due within one year
7
(119,988)
(133,045)
Net current liabilities
(20,175)
(13,920)
Total assets less current liabilities
92,044
101,787
Creditors: amounts falling due after more than one year
8
(99,599)
(107,463)
Net liabilities
(7,555)
(5,676)
Capital and reserves
Called up share capital
164
164
Profit and loss account
(7,719)
(5,840)
Shareholders' funds
(7,555)
(5,676)
For the year ending 28 February 2025 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 30 September 2025 and were signed on its behalf by
Sean Quigg Director Company Registration No. NI063209
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Quigg Developments Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Quigg Developments Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI063209. The registered office is 444 Ravenhill Road, Belfast, BT6 0BU.
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
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2024
37,115
5,850
42,965
At 28 February 2025
37,115
5,850
42,965
Depreciation
At 1 March 2024
18,199
4,809
23,008
Charge for the year
3,228
260
3,488
At 28 February 2025
21,427
5,069
26,496
Net book value
At 28 February 2025
15,688
781
16,469
At 29 February 2024
18,916
1,041
19,957
5
Investment property
2025
£
Fair value at 1 March 2024
95,750
At 28 February 2025
95,750
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Quigg Developments Ltd Notes to the Accounts for the year ended 28 February 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
25,000
25,000
Amounts falling due after more than one year
Other debtors
147
200
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
556
556
Loans from directors
119,432
132,489
119,988
133,045
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
99,599
107,463
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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