IRIS Accounts Production v25.3.0.601 SC798514 director 9.2.24 28.2.25 28.2.25 false true false false true false Ordinary 1.00000 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC798514 2024-02-08 SC798514 2025-02-28 SC798514 2024-02-09 2025-02-28 SC798514 2024-02-08 SC798514 ns15:Scotland 2024-02-09 2025-02-28 SC798514 ns14:PoundSterling 2024-02-09 2025-02-28 SC798514 ns10:Director1 2024-02-09 2025-02-28 SC798514 ns10:PrivateLimitedCompanyLtd 2024-02-09 2025-02-28 SC798514 ns10:SmallEntities 2024-02-09 2025-02-28 SC798514 ns10:AuditExempt-NoAccountantsReport 2024-02-09 2025-02-28 SC798514 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-09 2025-02-28 SC798514 ns10:SmallCompaniesRegimeForAccounts 2024-02-09 2025-02-28 SC798514 ns10:FullAccounts 2024-02-09 2025-02-28 SC798514 ns10:OrdinaryShareClass1 2024-02-09 2025-02-28 SC798514 1 ns10:OrdinaryShareClass1 2024-02-09 2025-02-28 SC798514 ns10:RegisteredOffice 2024-02-09 2025-02-28 SC798514 ns10:Director2 2024-02-09 2025-02-28 SC798514 ns10:Director3 2024-02-09 2025-02-28 SC798514 ns5:CurrentFinancialInstruments 2025-02-28 SC798514 ns5:ShareCapital 2025-02-28 SC798514 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 SC798514 ns5:ShareCapital 2024-02-09 2025-02-28 SC798514 ns5:RetainedEarningsAccumulatedLosses 2024-02-09 2025-02-28 SC798514 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 SC798514 ns10:OrdinaryShareClass1 2025-02-28

REGISTERED NUMBER: SC798514 (Scotland)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 FEBRUARY 2024 TO 28 FEBRUARY 2025

FOR

MQ ESTATES LTD

| MQ ESTATES LTD (REGISTERED NUMBER: SC798514) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 9 FEBRUARY 2024 TO 28 FEBRUARY 2025

Page |

| Company Information | 1 |

| Report of the Director | 2 |

| Balance Sheet | 3 |

| Statement of Changes in Equity | 4 |

| Notes to the Financial Statements | 5 |

| MQ ESTATES LTD |

COMPANY INFORMATION

FOR THE PERIOD 9 FEBRUARY 2024 TO 28 FEBRUARY 2025

| DIRECTOR: | H Chuwen

| REGISTERED OFFICE: | Clyde Offices 48 West George Street

| 2nd Floor

| Glasgow

| G2 1BP

| REGISTERED NUMBER: | SC798514 (Scotland)

| ACCOUNTANTS: | Donachie Chartered Accountants

| 2nd Floor

| Templeton House

| 62 Templeton Street

| Glasgow

| G40 1DA

| MQ ESTATES LTD (REGISTERED NUMBER: SC798514) |

REPORT OF THE DIRECTOR

FOR THE PERIOD 9 FEBRUARY 2024 TO 28 FEBRUARY 2025

The director presents his report with the financial statements of the company for the period 9 February 2024 to 28 February 2025.

INCORPORATION

The company was incorporated on 9 February 2024 and commenced trading on 12 June 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the period under review was that of estate agency.

DIRECTORS

The directors who have held office during the period from 9 February 2024 to the date of this report are as follows:

B Chuwen - appointed 9 February 2024 - resigned 22 April 2024

H Mcleod - appointed 22 April 2024 - resigned 4 June 2024

H Chuwen was appointed as a director after 28 February 2025 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

H Chuwen - Director

9 February 2026

| MQ ESTATES LTD (REGISTERED NUMBER: SC798514) |

BALANCE SHEET

28 FEBRUARY 2025

| Notes | £ |

| CURRENT ASSETS

| Debtors | 4 | 165 |  |

| Cash at bank | 2,328 |  |

2,493 |  |

| CREDITORS

| Amounts falling due within one year | 5 | 106,099 |  |

| NET CURRENT LIABILITIES | (103,606 | ) |

| TOTAL ASSETS LESS CURRENT LIABILITIES | (103,606 | ) |

| CAPITAL AND RESERVES

| Called up share capital | 6 | 1 |  |

| Retained earnings | (103,607 | ) |

| SHAREHOLDERS' FUNDS | (103,606 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 9 February 2026 and were signed by:

H Chuwen - Director

| MQ ESTATES LTD (REGISTERED NUMBER: SC798514) |

STATEMENT OF CHANGES IN EQUITY

FOR THE PERIOD 9 FEBRUARY 2024 TO 28 FEBRUARY 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Changes in equity

Issue of share capital | 1 |  | - |  | 1 |  |

Total comprehensive income | - |  | (103,607 | ) | (103,607 | ) |

Balance at 28 February 2025 | 1 |  | (103,607 | ) | (103,606 | ) |

| MQ ESTATES LTD (REGISTERED NUMBER: SC798514) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 9 FEBRUARY 2024 TO 28 FEBRUARY 2025

1. | STATUTORY INFORMATION

| MQ Estates Ltd is a private company, limited by shares , registered in Scotland. 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.

| The financial statements have been prepared on the going concern basis assuming that the company will continue its operations for the foreseeable future, the validity of which depends upon the continued support of the Company's shareholder..

| The company incurred a loss of £103,607 for the period ended 28 February 2025 and, at that date, had net current liabilities of £103,606. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern.

| In assessing the appropriateness of the going concern basis, the director has considered the company’s financial position, recent trading performance, and the nature of the company’s liabilities, which principally comprise a loan from a shareholder together with other short-term liabilities arising in the normal course of trading.

| The sole director believes that the shareholder loan will not be recalled within the next twelve months and that the company will be able to meet its liabilities as they fall due. Based on this assessment, the director has a reasonable expectation that the company will have sufficient resources to continue in operational existence for the foreseeable future. Accordingly, the financial statements have been prepared on a going concern basis.

| The financial statements do not include any adjustments that would be required if the company were unable to continue as a going concern.

| Turnover

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

| Taxation

| Taxation for the period 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 period 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.

| 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.

| MQ ESTATES LTD (REGISTERED NUMBER: SC798514) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 9 FEBRUARY 2024 TO 28 FEBRUARY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

| Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

| An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

| Debtors and creditors due with one year

| Debtors and creditors that fall due within one year are recorded in the financial statements at undiscounted transaction (invoice) price. Debtors are reviewed for impairment at each reporting date and any impairments are recorded within the profit and loss and shown within administrative expenses.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 10 .

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Other debtors | 165 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

£ |

| Trade creditors | 21,091 |  |

| Social security and other taxes | 7,853 |  |

| VAT | 22,335 |  |

| Other creditors | 45,549 |  |

| Accrued expenses | 9,271 |  |

106,099 |  |

6. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal

| value: | £ |

| 1 | Ordinary | £1 | 1 |  |

| 1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

7. | ULTIMATE CONTROLLING PARTY

| The Company was under the control of B Chuwen, by virtue of his 100% interest in the share capital of the company.