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Company Registration No. 14022608 (England and Wales)
Quill Properties Ltd Unaudited accounts for the year ended 30 April 2026
Quill Properties Ltd Company Information for the year ended 30 April 2026
Director
Lewis McQuillan
Company Number
14022608 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden LONDON WC2H 9JQ UNITED KINGDOM
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Quill Properties Ltd Statement of financial position as at 30 April 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
68
136
Investment property
5
226,000
216,000
226,068
216,136
Current assets
Cash at bank and in hand
11,586
12,965
Creditors: amounts falling due within one year
6
(86,133)
(71,013)
Net current liabilities
(74,547)
(58,048)
Total assets less current liabilities
151,521
158,088
Creditors: amounts falling due after more than one year
7
(125,344)
(147,750)
Provisions for liabilities
Deferred tax
(3,620)
(1,720)
Net assets
22,557
8,618
Capital and reserves
Called up share capital
1
1
Fair value reserve
15,432
7,332
Profit and loss account
7,124
1,285
Shareholders' funds
22,557
8,618
For the year ending 30 April 2026 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 director acknowledges his 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 and authorised for issue on 22 June 2026 and were signed on its behalf by
Lewis McQuillan Director Company Registration No. 14022608
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Quill Properties Ltd Notes to the Accounts for the year ended 30 April 2026
1
Statutory information
Quill Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 14022608. The registered office is 71-75 Shelton Street, Covent Garden, LONDON, WC2H 9JQ, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value and is revalued annually, any surplus or deficit is recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25%
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Quill Properties Ltd Notes to the Accounts for the year ended 30 April 2026
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 May 2025
272
At 30 April 2026
272
Depreciation
At 1 May 2025
136
Charge for the year
68
At 30 April 2026
204
Net book value
At 30 April 2026
68
At 30 April 2025
136
5
Investment property
2026
£
Fair value at 1 May 2025
216,000
Net gain from fair value adjustments
10,000
At 30 April 2026
226,000
The property valuation is either at cost or provided by the director annually at year-end.
6
Creditors: amounts falling due within one year
2026
2025
£
£
Taxes and social security
1,386
270
Loans from directors
84,747
70,743
86,133
71,013
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
125,344
147,750
Aggregate of amounts that fall due for payment after five years
125,347
147,750
Mortgages with The Mortgage Works (UK) PLC interest only, one is payable over a 35 year term and one is over a 25 year term. Both secured by way of a fixed charge over the investment property.
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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