REGISTERED NUMBER: NI604653 (Northern Ireland)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Quinn Property Sales Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Quinn

Dr C Quinn

SECRETARY:

Dr C Quinn

REGISTERED OFFICE:

24 High Street

Ballynahinch

Co. Down

BT24 8AB

REGISTERED NUMBER:

NI604653 (Northern Ireland)

ACCOUNTANTS:

M.B.McGrady & Co

Chartered Accountants

Rathmore House

52 St Patricks Avenue

Downpatrick

Co. Down

BT30 6DS

FIXED ASSETS

Intangible assets

4

37,767

38,400

Tangible assets

5

874,817

856,777

Investments

6

4,083

-

916,667

895,177

CURRENT ASSETS

Debtors

34,833

44,389

Cash at bank

98,648

41,584

133,481

85,973

CREDITORS

Amounts falling due within one year

215,270

270,522

NET CURRENT LIABILITIES

(81,789

)

(184,549

)

TOTAL ASSETS LESS CURRENT LIABILITIES

834,878

710,628

CREDITORS

Amounts falling due after more than one year

7

336,266

330,121

NET ASSETS

498,612

380,507

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

498,610

380,505

498,612

380,507

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 directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

J Quinn - Director

1.	STATUTORY INFORMATION

Quinn Property Sales Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

48,000

Additions

4,167

At 31 March 2025

52,167

AMORTISATION

At 1 April 2024

9,600

Amortisation for year

4,800

At 31 March 2025

14,400

NET BOOK VALUE

At 31 March 2025

37,767

At 31 March 2024

38,400

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,059,907

Additions

89,477

Disposals

(31,954

)

At 31 March 2025

1,117,430

DEPRECIATION

At 1 April 2024

203,130

Charge for year

53,031

Eliminated on disposal

(13,548

)

At 31 March 2025

242,613

NET BOOK VALUE

At 31 March 2025

874,817

At 31 March 2024

856,777

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31/3/25

31/3/24

£

£

Investment

4,083

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/3/25

31/3/24

£

£

Repayable by instalments

Bank loans more 5 yr by instal

146,608

167,434