Company Registration No. 14674192 (England and Wales)
12 Q Ltd
Unaudited accounts
for the year ended 28 February 2025
12 Q Ltd
Unaudited accounts
Contents
12 Q Ltd
Statement of financial position
as at 28 February 2025
Investment property
1,000,000
1,000,000
Cash at bank and in hand
6
31
Creditors: amounts falling due within one year
(110,538)
(460,838)
Net current liabilities
(110,532)
(460,807)
Total assets less current liabilities
889,468
539,193
Creditors: amounts falling due after more than one year
(759,914)
(355,000)
Provisions for liabilities
Deferred tax
(62,500)
(62,500)
Called up share capital
1
1
Profit and loss account
67,053
121,692
Shareholders' funds
67,054
121,693
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 28 November 2025 and were signed on its behalf by
Simon Graham
Director
Company Registration No. 14674192
12 Q Ltd
Notes to the Accounts
for the year ended 28 February 2025
12 Q Ltd is a private company, limited by shares, registered in England and Wales, registration number 14674192. The registered office is 2nd Floor College House, 17 King Edwards Road, Ruislip, London, HA4 7AE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in pounds sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 March 2024
1,000,000
At 28 February 2025
1,000,000
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
17,932
-
Amounts owed to group undertakings and other participating interests
84,434
29,830
Other creditors
7,332
430,168
6
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
330,000
355,000
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).