Q Equity Release Limited


Acorah Software Products - Accounts Production 11.5.039 true No description of principal activity 16 August 2018 31 August 2019 31 August 2019 11522023 Mr Mitchell Gough Mr Gary Preston Mr Stuart Mackintosh Mr Ryan Wheeler Mr David Edwards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11522023 2018-08-15 11522023 2019-08-31 11522023 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 2018-08-16 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 2019-08-31 11522023 frs-core:AfterOneYear 2018-08-16 2019-08-31 11522023 frs-core:BetweenOneFiveYears 2018-08-16 2019-08-31 11522023 frs-core:BetweenOneFiveYears 2019-08-31 11522023 frs-core:ComputerEquipment 2019-08-31 11522023 frs-core:ComputerEquipment 2018-08-16 2019-08-31 11522023 frs-core:ComputerEquipment 2018-08-15 11522023 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2019-08-31 11522023 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2018-08-16 2019-08-31 11522023 frs-core:CopyrightsPatentsTrademarksServiceOperatingRights 2018-08-15 11522023 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2019-08-31 11522023 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2018-08-16 2019-08-31 11522023 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2018-08-15 11522023 frs-core:FurnitureFittings 2019-08-31 11522023 frs-core:FurnitureFittings 2018-08-16 2019-08-31 11522023 frs-core:FurnitureFittings 2018-08-15 11522023 frs-core:NetGoodwill 2019-08-31 11522023 frs-core:NetGoodwill 2018-08-16 2019-08-31 11522023 frs-core:NetGoodwill 2018-08-15 11522023 frs-core:InvestmentPropertyIncludedWithinPPE 2019-08-31 11522023 frs-core:InvestmentPropertyIncludedWithinPPE 2018-08-16 2019-08-31 11522023 frs-core:InvestmentPropertyIncludedWithinPPE 2018-08-15 11522023 frs-core:LandBuildings 2019-08-31 11522023 frs-core:LandBuildings 2018-08-16 2019-08-31 11522023 frs-core:LandBuildings 2018-08-15 11522023 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2019-08-31 11522023 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2018-08-16 2019-08-31 11522023 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2018-08-15 11522023 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2019-08-31 11522023 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2018-08-16 2019-08-31 11522023 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2018-08-15 11522023 frs-core:MoreThanFiveYears 2018-08-16 2019-08-31 11522023 frs-core:MoreThanFiveYears 2019-08-31 11522023 frs-core:MotorVehicles 2019-08-31 11522023 frs-core:MotorVehicles 2018-08-16 2019-08-31 11522023 frs-core:MotorVehicles 2018-08-15 11522023 frs-core:OtherResidualIntangibleAssets 2019-08-31 11522023 frs-core:OtherResidualIntangibleAssets 2018-08-16 2019-08-31 11522023 frs-core:OtherResidualIntangibleAssets 2018-08-15 11522023 frs-core:PlantMachinery 2019-08-31 11522023 frs-core:PlantMachinery 2018-08-16 2019-08-31 11522023 frs-core:PlantMachinery 2018-08-15 11522023 frs-core:Secured 2019-08-31 11522023 frs-core:Unsecured 2019-08-31 11522023 frs-core:WithinOneYear 2018-08-16 2019-08-31 11522023 frs-core:WithinOneYear 2019-08-31 11522023 frs-core:CapitalRedemptionReserve 2018-08-16 2019-08-31 11522023 frs-core:CapitalRedemptionReserve 2018-08-15 11522023 frs-core:CapitalRedemptionReserve 2019-08-31 11522023 frs-core:OtherReservesSubtotal 2018-08-16 2019-08-31 11522023 frs-core:OtherReservesSubtotal 2018-08-15 11522023 frs-core:OtherReservesSubtotal 2019-08-31 11522023 frs-core:RevaluationReserve 2018-08-16 2019-08-31 11522023 frs-core:RevaluationReserve 2018-08-15 11522023 frs-core:RevaluationReserve 2019-08-31 11522023 frs-core:SharePremium 2018-08-16 2019-08-31 11522023 frs-core:SharePremium 2018-08-15 11522023 frs-core:SharePremium 2019-08-31 11522023 frs-core:ShareCapital 2018-08-16 2019-08-31 11522023 frs-core:ShareCapital 2018-08-15 11522023 frs-core:ShareCapital 2019-08-31 11522023 frs-core:RetainedEarningsAccumulatedLosses 2018-08-16 2019-08-31 11522023 frs-core:RetainedEarningsAccumulatedLosses 2018-08-15 11522023 frs-core:RetainedEarningsAccumulatedLosses 2019-08-31 11522023 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2018-08-15 11522023 frs-core:RetainedEarningsAccumulatedLosses frs-core:RestatedAmount 2019-08-31 11522023 frs-core:RetainedEarningsAccumulatedLosses frs-core:PriorPeriodErrorIncreaseDecrease 2018-08-15 11522023 frs-countries:Asia 2018-08-16 2019-08-31 11522023 frs-countries:RestEuropeOutsideUK 2018-08-16 2019-08-31 11522023 frs-countries:NorthAmerica 2018-08-16 2019-08-31 11522023 frs-countries:RestWorldOutsideUK 2018-08-16 2019-08-31 11522023 frs-countries:SouthAmerica 2018-08-16 2019-08-31 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11522023 frs-bus:OrdinaryShareClass1 2018-08-16 2019-08-31 11522023 frs-bus:OrdinaryShareClass1 2018-08-15 11522023 frs-bus:OrdinaryShareClass1 2019-08-31 11522023 frs-bus:OrdinaryShareClass2 2018-08-16 2019-08-31 11522023 frs-bus:OrdinaryShareClass2 2018-08-15 11522023 frs-bus:OrdinaryShareClass2 2019-08-31 11522023 frs-bus:OrdinaryShareClass3 2018-08-16 2019-08-31 11522023 frs-bus:OrdinaryShareClass3 2018-08-15 11522023 frs-bus:OrdinaryShareClass3 2019-08-31 11522023 frs-bus:OrdinaryShareClass4 2018-08-16 2019-08-31 11522023 frs-bus:OrdinaryShareClass4 2018-08-15 11522023 frs-bus:OrdinaryShareClass4 2019-08-31 11522023 frs-bus:OrdinaryShareClass5 2018-08-16 2019-08-31 11522023 frs-bus:OrdinaryShareClass5 2018-08-15 11522023 frs-bus:OrdinaryShareClass5 2019-08-31 11522023 frs-bus:PreferenceShareClass1 2018-08-16 2019-08-31 11522023 frs-bus:PreferenceShareClass1 2018-08-15 11522023 frs-bus:PreferenceShareClass1 2019-08-31 11522023 frs-bus:PreferenceShareClass2 2018-08-16 2019-08-31 11522023 frs-bus:PreferenceShareClass2 2018-08-15 11522023 frs-bus:PreferenceShareClass2 2019-08-31 11522023 frs-bus:PreferenceShareClass3 2018-08-16 2019-08-31 11522023 frs-bus:PreferenceShareClass3 2018-08-15 11522023 frs-bus:PreferenceShareClass3 2019-08-31 11522023 frs-bus:PreferenceShareClass4 2018-08-16 2019-08-31 11522023 frs-bus:PreferenceShareClass4 2018-08-15 11522023 frs-bus:PreferenceShareClass4 2019-08-31 11522023 frs-bus:PreferenceShareClass5 2018-08-16 2019-08-31 11522023 frs-bus:PreferenceShareClass5 2018-08-15 11522023 frs-bus:PreferenceShareClass5 2019-08-31 11522023 1 2018-08-16 2019-08-31 11522023 frs-core:LeasedAssets 2018-08-16 2019-08-31 11522023 frs-core:OwnedAssets 2018-08-16 2019-08-31 11522023 frs-core:CurrencyRisk 2018-08-16 2019-08-31 11522023 frs-core:MarketRisk 2018-08-16 2019-08-31 11522023 frs-core:InterestRateRisk 2018-08-16 2019-08-31 11522023 frs-core:DeferredTaxation 2018-08-16 2019-08-31 11522023 frs-core:DeferredTaxation 2018-08-15 11522023 frs-core:DeferredTaxation 2019-08-31 11522023 frs-core:OtherProvisionsContingentLiabilities 2018-08-16 2019-08-31 11522023 frs-core:OtherProvisionsContingentLiabilities 2018-08-15 11522023 frs-core:OtherProvisionsContingentLiabilities 2019-08-31 11522023 frs-core:ProvisionsDeferredTax 2019-08-31 11522023 frs-core:OtherDeferredTax 2019-08-31 11522023 frs-core:AcceleratedTaxDepreciationDeferredTax 2019-08-31 11522023 frs-core:TaxLossesCarry-forwardsDeferredTax 2019-08-31 11522023 frs-core:FurtherSpecificItem2DeferredTaxComponentTotalForDeferredTax 2019-08-31 11522023 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2018-08-16 2019-08-31 11522023 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2018-08-15 11522023 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2019-08-31 11522023 dpl-countries:UnitedKingdom 2018-08-16 2019-08-31 11522023 dpl-countries:Europe 2018-08-16 2019-08-31 11522023 dpl-countries:NorthAmerica 2018-08-16 2019-08-31 11522023 dpl-countries:SouthAmerica 2018-08-16 2019-08-31 11522023 dpl-countries:Asia 2018-08-16 2019-08-31 11522023 dpl-countries:RestWorldOutsideUK 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales 2018-08-15 11522023 dpl-frs:CostSales 2019-08-31 11522023 dpl-frs:DistributionCosts 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses 2018-08-16 2019-08-31 11522023 frs-bus:Director1 2018-08-16 2019-08-31 11522023 frs-bus:Director1 2018-08-15 11522023 frs-bus:Director1 2019-08-31 11522023 frs-bus:Director2 2018-08-16 2019-08-31 11522023 frs-bus:Director2 2018-08-15 11522023 frs-bus:Director2 2019-08-31 11522023 frs-bus:Director3 2018-08-16 2019-08-31 11522023 frs-bus:Director3 2018-08-15 11522023 frs-bus:Director3 2019-08-31 11522023 frs-bus:Director4 2018-08-16 2019-08-31 11522023 frs-bus:Director4 2018-08-15 11522023 frs-bus:Director4 2019-08-31 11522023 frs-bus:Director5 2018-08-16 2019-08-31 11522023 frs-bus:Director5 2018-08-15 11522023 frs-bus:Director5 2019-08-31 11522023 1 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 1 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 1 2019-08-31 11522023 2 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 2 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 2 2019-08-31 11522023 3 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 3 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 3 2019-08-31 11522023 4 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 4 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 4 2019-08-31 11522023 5 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 5 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 5 2019-08-31 11522023 6 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 6 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 6 2019-08-31 11522023 7 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 7 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 7 2019-08-31 11522023 8 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 8 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 8 2019-08-31 11522023 9 2018-08-16 2019-08-31 11522023 frs-core:CurrentFinancialInstruments 9 2019-08-31 11522023 frs-core:Non-currentFinancialInstruments 9 2019-08-31 11522023 dpl-frs:Item1 2018-08-16 2019-08-31 11522023 dpl-frs:Item1 2018-08-15 11522023 dpl-frs:Item1 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item1 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item1 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item1 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item1 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item1 2018-08-16 2019-08-31 11522023 dpl-frs:Item2 2018-08-16 2019-08-31 11522023 dpl-frs:Item2 2018-08-15 11522023 dpl-frs:Item2 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item2 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item2 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item2 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item2 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item2 2018-08-16 2019-08-31 11522023 dpl-frs:Item3 2018-08-16 2019-08-31 11522023 dpl-frs:Item3 2018-08-15 11522023 dpl-frs:Item3 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item3 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item3 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item3 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item3 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item3 2018-08-16 2019-08-31 11522023 dpl-frs:Item4 2018-08-16 2019-08-31 11522023 dpl-frs:Item4 2018-08-15 11522023 dpl-frs:Item4 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item4 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item4 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item4 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item4 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item4 2018-08-16 2019-08-31 11522023 dpl-frs:Item5 2018-08-16 2019-08-31 11522023 dpl-frs:Item5 2018-08-15 11522023 dpl-frs:Item5 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item5 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item5 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item5 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item5 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item5 2018-08-16 2019-08-31 11522023 dpl-frs:Item6 2018-08-16 2019-08-31 11522023 dpl-frs:Item6 2018-08-15 11522023 dpl-frs:Item6 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item6 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item6 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item6 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item6 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item6 2018-08-16 2019-08-31 11522023 dpl-frs:Item7 2018-08-16 2019-08-31 11522023 dpl-frs:Item7 2018-08-15 11522023 dpl-frs:Item7 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item7 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item7 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item7 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item7 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item7 2018-08-16 2019-08-31 11522023 dpl-frs:Item8 2018-08-16 2019-08-31 11522023 dpl-frs:Item8 2018-08-15 11522023 dpl-frs:Item8 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item8 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item8 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item8 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item8 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item8 2018-08-16 2019-08-31 11522023 dpl-frs:Item9 2018-08-16 2019-08-31 11522023 dpl-frs:Item9 2018-08-15 11522023 dpl-frs:Item9 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item9 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item9 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item9 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item9 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item9 2018-08-16 2019-08-31 11522023 dpl-frs:Item10 2018-08-16 2019-08-31 11522023 dpl-frs:Item10 2018-08-15 11522023 dpl-frs:Item10 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item10 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item10 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item10 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item10 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item10 2018-08-16 2019-08-31 11522023 dpl-frs:Item11 2018-08-16 2019-08-31 11522023 dpl-frs:Item11 2018-08-15 11522023 dpl-frs:Item11 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item11 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item11 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item11 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item11 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item11 2018-08-16 2019-08-31 11522023 dpl-frs:Item12 2018-08-16 2019-08-31 11522023 dpl-frs:Item12 2018-08-15 11522023 dpl-frs:Item12 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item12 2018-08-16 2019-08-31 11522023 dpl-frs:CostSales dpl-frs:Item12 2018-08-15 11522023 dpl-frs:CostSales dpl-frs:Item12 2019-08-31 11522023 dpl-frs:DistributionCosts dpl-frs:Item12 2018-08-16 2019-08-31 11522023 dpl-frs:AdministrativeExpenses dpl-frs:Item12 2018-08-16 2019-08-31 11522023 1 2018-08-16 2019-08-31 11522023 frs-countries:EnglandWales 2018-08-16 2019-08-31
Registered number: 11522023
Q Equity Release Limited
Directors' Report and
Financial Statements
For the Period 16 August 2018 to 31 August 2019
Directors' Report and Financial Statements
Contents
Page
Company Information 1
Directors' Report 2
Accountant's Report 3
Dormant Profit and Loss Account Statement 4
Balance Sheet 5
Notes to the Financial Statements 6
Company Information
Directors Mr Mitchell Gough
Mr Gary Preston
Mr Stuart Mackintosh
Mr Ryan Wheeler
Mr David Edwards
Company Number 11522023
Registered Office 2 Haygate Road
Wellington
Telford
Shropshire
TF1 1SG
Accountants ChadStone Accountancy & Tax Ltd
Suite 3.12, Grosvenor House
Hollinswood Road, Central Park
Telford
Shropshire
TF2 9TW
Page 1
Directors' Report
The directors present their report and the financial statements for the period ended 31 August 2019.
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
  • select suitable accounting policies and then apply them consistently;
  • make judgments and accounting estimates that are reasonable and prudent;
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office during the period were as follows:
Mr Mitchell Gough APPOINTED 16/08/2018
Mr Gary Preston APPOINTED 16/08/2018
Mr Stuart Mackintosh APPOINTED 16/08/2018
Mr Ryan Wheeler APPOINTED 16/08/2018
Mr David Edwards APPOINTED 16/08/2018
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Mitchell Gough
Director
06/05/2020
Page 2
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Q Equity Release Limited For the Period 16 August 2018 to 31 August 2019
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Q Equity Release Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Q Equity Release Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Q Equity Release Limited and state those matters that we have agreed to state to the directors of Q Equity Release Limited, as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Q Equity Release Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Q Equity Release Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Q Equity Release Limited. You consider that Q Equity Release Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Q Equity Release Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
06/05/2020
ChadStone Accountancy & Tax Ltd
Suite 3.12, Grosvenor House
Hollinswood Road, Central Park
Telford
Shropshire
TF2 9TW
Page 3
Dormant Profit and Loss Account Statement
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Page 4
Balance Sheet
31 August 2019
Notes £ £
CURRENT ASSETS
Cash at bank and in hand 100
100
NET CURRENT ASSETS (LIABILITIES) 100
TOTAL ASSETS LESS CURRENT LIABILITIES 100
NET ASSETS 100
CAPITAL AND RESERVES
Called up share capital 3 100
SHAREHOLDERS' FUNDS 100
For the period ending 31 August 2019 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
  • 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 in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Mitchell Gough
Director
06/05/2020

The notes on page 6 form part of these financial statements.
Page 5
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 5
5
3. Share Capital
31 August 2019
Allotted, Called up and fully paid 100
4. General Information
Q Equity Release Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11522023. The registered office is 2 Haygate Road, Wellington, Telford, Shropshire, TF1 1SG.
Page 6