Company Registration No. 11316621 (England and Wales)
Quintessential Property Ltd
Unaudited accounts
for the year ended 30 April 2025
Quintessential Property Ltd
Unaudited accounts
Contents
Quintessential Property Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
31,493
43,554
Investment property
420,793
420,793
Cash at bank and in hand
9,577
3,094
Creditors: amounts falling due within one year
(350,978)
(347,713)
Net current liabilities
(315,955)
(316,222)
Total assets less current liabilities
136,331
148,125
Creditors: amounts falling due after more than one year
(145,531)
(145,531)
Net (liabilities)/assets
(9,200)
2,594
Called up share capital
200
200
Profit and loss account
(9,400)
2,394
Shareholders' funds
(9,200)
2,594
For the year ending 30 April 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 13 November 2025 and were signed on its behalf by
Leanne Silverwood
Director
Company Registration No. 11316621
Quintessential Property Ltd
Notes to the Accounts
for the year ended 30 April 2025
Quintessential Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 11316621. The registered office is 47 Upper Basinghall Street, Leeds, West Yorkshire, LS1 5HR, England.
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 £ 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% Straight Line
Motor vehicles
25% Reducing Balance
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Quintessential Property Ltd
Notes to the Accounts
for the year ended 30 April 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2024
6,249
47,990
54,239
At 30 April 2025
6,249
47,990
54,239
At 1 May 2024
4,686
5,999
10,685
Charge for the year
1,563
10,498
12,061
At 30 April 2025
6,249
16,497
22,746
At 30 April 2025
-
31,493
31,493
At 30 April 2024
1,563
41,991
43,554
Fair value at 1 May 2024
420,793
Amounts falling due within one year
Trade debtors
17,204
20,302
Deferred tax asset
8,095
8,095
7
Creditors: amounts falling due within one year
2025
2024
Other creditors
343,762
340,107
Deferred income
5,686
6,166
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
145,531
145,531
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).