Q4 Resources Ltd - Accounts to registrar (filleted) - small 18.2

Q4 Resources Ltd - Accounts to registrar (filleted) - small 18.2

Q4 RESOURCES LTD - Company Information

Print Friendly Version

IRIS Accounts Production v19.3.2.199 05121086 Board of Directors Board of Directors 1.6.18 31.5.19 31.5.19 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure051210862018-05-31051210862019-05-31051210862018-06-012019-05-31051210862017-05-31051210862017-06-012018-05-31051210862018-05-3105121086ns15:EnglandWales2018-06-012019-05-3105121086ns14:PoundSterling2018-06-012019-05-3105121086ns10:Director12018-06-012019-05-3105121086ns10:Director22018-06-012019-05-3105121086ns10:PrivateLimitedCompanyLtd2018-06-012019-05-3105121086ns10:SmallEntities2018-06-012019-05-3105121086ns10:AuditExempt-NoAccountantsReport2018-06-012019-05-3105121086ns10:SmallCompaniesRegimeForDirectorsReport2018-06-012019-05-3105121086ns10:SmallCompaniesRegimeForAccounts2018-06-012019-05-3105121086ns10:FullAccounts2018-06-012019-05-3105121086ns10:OrdinaryShareClass12018-06-012019-05-3105121086ns10:RegisteredOffice2018-06-012019-05-3105121086ns5:CurrentFinancialInstruments2019-05-3105121086ns5:CurrentFinancialInstruments2018-05-3105121086ns5:Non-currentFinancialInstruments2019-05-3105121086ns5:Non-currentFinancialInstruments2018-05-3105121086ns5:ShareCapital2019-05-3105121086ns5:ShareCapital2018-05-3105121086ns5:RetainedEarningsAccumulatedLosses2019-05-3105121086ns5:RetainedEarningsAccumulatedLosses2018-05-3105121086ns5:FurnitureFittings2018-06-012019-05-3105121086ns5:FurnitureFittings2018-05-3105121086ns5:FurnitureFittings2019-05-3105121086ns5:FurnitureFittings2018-05-3105121086ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2019-05-3105121086ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2018-05-3105121086ns10:OrdinaryShareClass12019-05-31


REGISTERED NUMBER: 05121086 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2019

for

Q4 Resources Ltd
AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ








Q4 Resources Ltd (Registered number: 05121086)






Contents of the Financial Statements
for the Year Ended 31 May 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Q4 Resources Ltd

Company Information
for the Year Ended 31 May 2019







DIRECTORS: Mr C Hill
Mrs A Hill





REGISTERED OFFICE: 3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ





REGISTERED NUMBER: 05121086 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ
Page 1
Q4 Resources Ltd (Registered number: 05121086)

Balance Sheet
31 May 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 179 211
Investment property 4 483,951 474,803
484,130 475,014

CURRENT ASSETS
Debtors 5 5,036 7,236
Cash at bank 514 4,911
5,550 12,147
CREDITORS
Amounts falling due within one year 6 1,008 1,008
NET CURRENT ASSETS 4,542 11,139
TOTAL ASSETS LESS CURRENT
LIABILITIES
488,672
486,153

CREDITORS
Amounts falling due after more than
one year
7
429,350
433,678
NET ASSETS 59,322 52,475

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 59,318 52,471
SHAREHOLDERS' FUNDS 59,322 52,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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 notes form part of these financial statements

Page 2 continued...
Q4 Resources Ltd (Registered number: 05121086)

Balance Sheet - continued
31 May 2019


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 Board of Directors on 5 February 2020 and were
signed on its behalf by:




Mr C Hill - Director



Mrs A Hill - Director


The notes form part of these financial statements

Page 3
Q4 Resources Ltd (Registered number: 05121086)

Notes to the Financial Statements
for the Year Ended 31 May 2019

1. STATUTORY INFORMATION

Q4 Resources Ltd is a private company, limited by shares , registered in England and
Wales. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit
arising from changes in fair value is recognised in profit or loss.

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2018
and 31 May 2019 1,189
DEPRECIATION
At 1 June 2018 978
Charge for year 32
At 31 May 2019 1,010
NET BOOK VALUE
At 31 May 2019 179
At 31 May 2018 211

Page 4 continued...
Q4 Resources Ltd (Registered number: 05121086)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2019

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2018 474,803
Additions 9,148
At 31 May 2019 483,951
NET BOOK VALUE
At 31 May 2019 483,951
At 31 May 2018 474,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 5,036 7,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Accruals and deferred income 1,008 1,008

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2019 2018
£    £   
Mortgages 406,324 406,974
Directors' loan accounts 23,026 26,704
429,350 433,678

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
4 Ordinary £1 4 4

Page 5