BQ Properties (St Albans) Limited - Accounts to registrar (filleted) - small 18.2

BQ Properties (St Albans) Limited - Accounts to registrar (filleted) - small 18.2

BQ PROPERTIES (ST ALBANS) LIMITED - Company Information

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REGISTERED NUMBER: 11730461 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

17 DECEMBER 2018 TO 31 DECEMBER 2019

FOR

BQ PROPERTIES (ST ALBANS) LIMITED
BQ PROPERTIES (ST ALBANS) LIMITED (REGISTERED NUMBER: 11730461)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 DECEMBER 2018 TO 31 DECEMBER 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 4

BQ PROPERTIES (ST ALBANS) LIMITED

COMPANY INFORMATION
FOR THE PERIOD 17 DECEMBER 2018 TO 31 DECEMBER 2019







DIRECTORS: Mrs J A Benham
M Quinn
O Clegg
A Quinn
Miss J Quinn
L Quinn





REGISTERED OFFICE: Harben House
Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 11730461 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH
Page 1
BQ PROPERTIES (ST ALBANS) LIMITED (REGISTERED NUMBER: 11730461)

BALANCE SHEET
31 DECEMBER 2019

Notes £   
CURRENT ASSETS
Stocks 3,024,616
Debtors 4 4,251
Cash at bank and in hand 145,444
3,174,311
CREDITORS
Amounts falling due within one year 5 3,196,170
NET CURRENT LIABILITIES (21,859 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(21,859
)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (21,959 )
SHAREHOLDERS' FUNDS (21,859 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2020 and were signed on its behalf by:





M Quinn - Director


The notes form part of these financial statements

Page 2
BQ PROPERTIES (ST ALBANS) LIMITED (REGISTERED NUMBER: 11730461)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 17 DECEMBER 2018 TO 31 DECEMBER 2019


1. STATUTORY INFORMATION

BQ Properties (St Albans) Limited 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.

Going concern
The financial statements of the company have been prepared on the going concern basis as the directors believe that sufficient resources exist to enable the company to meet its working capital and capital expenditure requirements for at least the next twelve months.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 4,251

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 5,524
Other creditors 3,190,646
3,196,170

Page 3
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BQ PROPERTIES (ST ALBANS) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BQ Properties (St Albans) Limited for the period ended 31 December 2019 which comprise the Profit and loss account, 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 firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BQ Properties (St Albans) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BQ Properties (St Albans) Limited and state those matters that we have agreed to state to the Board of Directors of BQ Properties (St Albans) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BQ Properties (St Albans) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BQ Properties (St Albans) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BQ Properties (St Albans) Limited. You consider that BQ Properties (St Albans) 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 financial statements of BQ Properties (St Albans) 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 statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


16 December 2020

This page does not form part of the statutory financial statements

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