Accounts filed on 31-12-2021

Accounts filed on 31-12-2021

QUAY DEVELOPMENTS (SOUTHERN) LIMITED - Company Information

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Registered number: 09506064
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31/12/2021
Prepared By:
Stratus Financial Consultants Limited
217 Cutbush Lane
Southampton
Hampshire
SO18 2GF
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31/12/2021
DIRECTORS
A J Hunt
REGISTERED OFFICE
Calpe House
7a St Thomas Street
Winchester
Hampshire
SO23 9HE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09506064
ACCOUNTANTS
Stratus Financial Consultants Limited
217 Cutbush Lane
Southampton
Hampshire
SO18 2GF
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
UNAUDITED ACCOUNTS
FOR THEYEARENDED31/12/2021
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
BALANCE SHEET AT 31/12/2021
20212020
Notes££
FIXED ASSETS
Investment Assets35,971,1675,971,167
CURRENT ASSETS
Debtors425843,941
Cash at bank and in hand1,206,8031,042,562
1,207,0611,086,503
CREDITORS: Amounts falling due within one year5265,257176,961
NET CURRENT ASSETS941,804909,542
TOTAL ASSETS LESS CURRENT LIABILITIES6,912,9716,880,709
CREDITORS: Amounts falling due after more than one year61,735,8001,735,800
NET ASSETS5,177,1715,144,909
CAPITAL AND RESERVES
Called up share capital7274,133274,133
Share premium account8967,256967,256
Profit and loss account3,935,7823,903,520
SHAREHOLDERS' FUNDS5,177,1715,144,909
For the year ending 31/12/2021 the company was entitled to exemption 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/09/2022 and signed on their behalf by
.............................
A J Hunt
Director
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2021
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The accounts have been prepared on a going concern basis and are presented in Sterling (£) which is the functional currency of the company.
1b. Investments
Investments held as fixed assets are stated at cost less provision for any impairment.
1c. Preparation Of Consolidated Financial Statements
The accounts contain information about Quay Developments (Southern) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
2. EMPLOYEES
20212020
No.No.
Average number of employees11
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
3. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 01/01/20215,971,1675,971,167
At 31/12/20215,971,1675,971,167
Amortisation
Net Book Amounts
At 31/12/20215,971,1675,971,167
At 31/12/20205,971,1675,971,167
4. DEBTORS 20212020
££
Amounts falling due within one year
Other debtors25843,941
25843,941
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20212020
££
Other creditors43-
Accruals7,1737,173
Amounts due to group companies258,041169,788
265,257176,961
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20212020
££
Loan notes1,735,8001,735,800
1,735,8001,735,800
The loan notes are due for repayment on 31 March 2065.
7. SHARE CAPITAL 20212020
££
Allotted, issued and fully paid:
6 Class A shares of £1 each66
62 Class B shares of £1 each6262
73 Class C shares of £1 each7373
74 Class D shares of £1 each7474
273,918 Redeemable Preferred shares of £1 each273,918273,918
274,133274,133
8. SHARE PREMIUM ACCOUNT 20212020
££
Share premium account967,256967,256
9. CONTROLLING PARTY
The controlling party is A J Hunt.
10. RELATED PARTY TRANSACTIONS
The company has taken advantage of exemption under the terms of FRS 102 not to disclose related party transactions with wholly owned subsidiaries within the group.
QUAY DEVELOPMENTS (SOUTHERN) LIMITED
11. INTEREST RECEIVABLE AND OTHER INCOME
Includes dividend income of £262,470 (2020; £223,548).