Questwell Ltd - Accounts to registrar (filleted) - small 23.1.2

Questwell Ltd - Accounts to registrar (filleted) - small 23.1.2

QUESTWELL LTD - Company Information

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REGISTERED NUMBER: 04524056 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

QUESTWELL LTD
QUESTWELL LTD (REGISTERED NUMBER: 04524056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


QUESTWELL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2022







DIRECTOR: Mrs R Dreyfuss





SECRETARY: J Feldman





REGISTERED OFFICE: 99 Clapton Common
London
E5 9AB





REGISTERED NUMBER: 04524056 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
QUESTWELL LTD (REGISTERED NUMBER: 04524056)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2022

30.9.22 30.9.21
Notes £    £   
FIXED ASSETS
Investment property 5 80,001 80,001

CURRENT ASSETS
Debtors 6 158,073 154,418

CREDITORS
Amounts falling due within one year 7 (9,962 ) (11,686 )
NET CURRENT ASSETS 148,111 142,732
TOTAL ASSETS LESS CURRENT
LIABILITIES
228,112
222,733

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 228,012 222,633
SHAREHOLDERS' FUNDS 228,112 222,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 12 June 2023 and were signed by:





Mrs R Dreyfuss - Director


The notes form part of these financial statements

Page 2
QUESTWELL LTD (REGISTERED NUMBER: 04524056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022

1. STATUTORY INFORMATION

Questwell 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2021
and 30 September 2022 80,001
NET BOOK VALUE
At 30 September 2022 80,001
At 30 September 2021 80,001

The Director has confirmed that, there is no significant market value increase or decrease in properties.

Page 3 continued...
QUESTWELL LTD (REGISTERED NUMBER: 04524056)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Trade debtors - 10,735
Other debtors 158,073 143,683
158,073 154,418

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Taxation and social security 8,554 7,293
Other creditors 1,408 4,393
9,962 11,686

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.22 30.9.21
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 October 2021 222,633
Profit for the year 5,379
At 30 September 2022 228,012

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Feldman.

Page 4