Quirebuild Ltd 01873512 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is was that of property development and investment. Digita Accounts Production Advanced 6.30.9574.0 true 01873512 2022-04-01 2023-03-31 01873512 2023-03-31 01873512 bus:Director1 1 2023-03-31 01873512 core:CurrentFinancialInstruments 2023-03-31 01873512 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 01873512 core:Non-currentFinancialInstruments 2023-03-31 01873512 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 01873512 core:MotorVehicles 2023-03-31 01873512 bus:SmallEntities 2022-04-01 2023-03-31 01873512 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 01873512 bus:FullAccounts 2022-04-01 2023-03-31 01873512 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 01873512 bus:RegisteredOffice 2022-04-01 2023-03-31 01873512 bus:Director1 2022-04-01 2023-03-31 01873512 bus:Director1 1 2022-04-01 2023-03-31 01873512 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 01873512 core:MotorVehicles 2022-04-01 2023-03-31 01873512 countries:EnglandWales 2022-04-01 2023-03-31 01873512 2022-03-31 01873512 bus:Director1 1 2022-03-31 01873512 2021-04-01 2022-03-31 01873512 2022-03-31 01873512 bus:Director1 1 2022-03-31 01873512 core:CurrentFinancialInstruments 2022-03-31 01873512 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 01873512 core:Non-currentFinancialInstruments 2022-03-31 01873512 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 01873512 bus:Director1 1 2021-04-01 2022-03-31 01873512 bus:Director1 1 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 01873512

Quirebuild Ltd
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 March 2023

Quirebuild Ltd

Contents

Company Information | 1
Statement Financial Position | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Quirebuild Ltd

Company Information

Director | PC Hiller

Registered office | 44-50 High Street Rayleigh Essex SS6 7EA

Accountants | West-Webbe Consultancy Chartered Certified Accountants 44-50 High Street Rayleigh Essex SS6 7EA

Quirebuild Ltd

(Registration number: 01873512)
Statement Financial Position as at 31 March 2023

| Note | 2023 £ | 2022 £
Fixed assets |  |  |
Tangible assets | 4 | 24,065 | -
Investment property | 5 | 724,872 | 724,872
|  | 748,937 | 724,872
Current assets |  |  |
Stocks | 6 | 1,332,167 | 1,317,917
Debtors | 7 | 586,775 | 287,610
Cash at bank and in hand |  | 281,319 | 772,110
|  | 2,200,261 | 2,377,637
Creditors: Amounts falling due within one year | 8 | (42,624) | (252,747)
Net current assets |  | 2,157,637 | 2,124,890
Total assets less current liabilities |  | 2,906,574 | 2,849,762
Creditors: Amounts falling due after more than one year | 8 | (21,667) | (41,667)
Net assets |  | 2,884,907 | 2,808,095
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | 2,884,807 | 2,807,995
Shareholders' funds |  | 2,884,907 | 2,808,095

Quirebuild Ltd

(Registration number: 01873512)
Statement Financial Position as at 31 March 2023

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 23 September 2025

......................................... PC Hiller Director

Quirebuild Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
44-50 High Street
Rayleigh
Essex
SS6 7EA

The principal place of business is:
The Old Coal Yard
Kelvedon Road
Tiptree
Essex
CO5 0LY

These financial statements were authorised for issue by the director on 23 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Quirebuild Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Quirebuild Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 1).

Quirebuild Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4 | Tangible assets

| Motor vehicles £ | Total £
Cost or valuation
Additions | 32,087 | 32,087
At 31 March 2023 | 32,087 | 32,087
Depreciation
Charge for the year | 8,022 | 8,022
At 31 March 2023 | 8,022 | 8,022
Carrying amount
At 31 March 2023 | 24,065 | 24,065

5 | Investment properties

| 2023 £
At 1 April | 724,872
At 31 March | 724,872

There has been no valuation of investment property by an independent valuer.

6 | Stocks

| 2023 £ | 2022 £
Raw materials and consumables | 1,332,167 | 1,317,917

7 | Debtors

Current | 2023 £ | 2022 £
Prepayments | 3,087 | 1,463
Other debtors | 583,688 | 286,147
| 586,775 | 287,610

Quirebuild Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2023 £ | 2022 £
Due within one year |  |  |
Loans and borrowings | 10 | 10,000 | -
Trade creditors |  | 1,505 | 7,934
Taxation and social security |  | 29,119 | 239,813
Accruals and deferred income |  | 2,000 | 5,000
|  | 42,624 | 252,747

Creditors: amounts falling due after more than one year

| Note | 2023 £ | 2022 £
Due after one year |  |  |
Loans and borrowings | 10 | 21,667 | 41,667

9 | Share capital

Allotted, called up and fully paid shares

| 2023 | 2022
| No. | £ | No. | £
Ordinary £1 A shares of £1 each | 100 | 100 | 100 | 100

10 | Loans and borrowings

| 2023 £ | 2022 £
Non-current loans and borrowings
Bank borrowings | 21,667 | 41,667

| 2023 £ | 2022 £
Current loans and borrowings
Bank borrowings | 10,000 | -

Quirebuild Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

11 | Related party transactions

Transactions with the director

2023 | At 1 April 2022 £ | Advances to director £ | At 31 March 2023 £
PC Hiller
| 129,172 | (93,943) | 35,229

2022 | At 1 April 2021 £ | Advances to director £ | At 31 March 2022 £
PC Hiller
| 50,856 | 78,316 | 129,172