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

REGISTERED NUMBER: 05121086 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

Q4 Resources Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

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

FIXED ASSETS

Tangible assets

4

729

179

Investment property

5

483,951

483,951

484,680

484,130

CURRENT ASSETS

Debtors

6

5,036

5,036

Cash at bank

4,243

514

9,279

5,550

CREDITORS

Amounts falling due within one year

7

1,080

1,008

NET CURRENT ASSETS

8,199

4,542

TOTAL ASSETS LESS CURRENT LIABILITIES

492,879

488,672

CREDITORS

Amounts falling due after more than one year

8

419,408

429,350

NET ASSETS

73,471

59,322

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

73,467

59,318

SHAREHOLDERS' FUNDS

73,471

59,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2021 and were signed on its behalf by:

Mr C Hill - Director

Mrs A Hill - Director

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2019

1,189

Additions

679

At 31 May 2020

1,868

DEPRECIATION

At 1 June 2019

1,010

Charge for year

129

At 31 May 2020

1,139

NET BOOK VALUE

At 31 May 2020

729

At 31 May 2019

179

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2019

and 31 May 2020

483,951

NET BOOK VALUE

At 31 May 2020

483,951

At 31 May 2019

483,951

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Other debtors

5,036

5,036

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Accruals and deferred income

1,080

1,008

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.20

31.5.19

£

£

Mortgages

406,202

406,324

Directors' loan accounts

13,206

23,026

419,408

429,350

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2020 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

AWS Accountancy Limited

3 Berrymoor Court

Northumberland Business Park

Cramlington

Northumberland

NE23 7RZ

22 March 2021