Accounts filed on 31-12-2023


Registered number: 05268419






TOWN QUAY DEVELOPMENTS LIMITED


ACCOUNTS

FOR THE YEAR ENDED 31/12/2023
























Prepared By:
Stratus Financial Consultants Limited
217 Cutbush Lane
Southampton
Hampshire
SO18 2GF


TOWN QUAY DEVELOPMENTS LIMITED


UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31/12/2023





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 05268419



ACCOUNTANTS
Stratus Financial Consultants Limited
217 Cutbush Lane
Southampton
Hampshire
SO18 2GF


UNAUDITED ACCOUNTS
FOR THEYEARENDED31/12/2023



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		5


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/12/2023

			2023		2022
	Notes		£		£

FIXED ASSETS
Tangible assets	3		396,520		396,515

CURRENT ASSETS
Stock		1,271,412		1,264,967
Debtors	6	712,991		575,495
Cash at bank and in hand		732,218		879,452
		2,716,621		2,719,914
CREDITORS: Amounts falling due within one year	7	546,796		564,823
NET CURRENT ASSETS			2,169,825		2,155,091
TOTAL ASSETS LESS CURRENT LIABILITIES			2,566,345		2,551,606


CREDITORS: Amounts falling due after more than one year	8		459,291		458,370


PROVISIONS FOR LIABILITIES AND CHARGES	9		4,653		3,403

NET ASSETS			2,102,401		2,089,833

CAPITAL AND RESERVES

Called up share capital	10		1,000		1,000
Profit and loss account			2,101,401		2,088,833
SHAREHOLDERS' FUNDS			2,102,401		2,089,833


BALANCE SHEET AT 31/12/2023

For the year ending 31/12/2023 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 07/05/2024 and signed on their behalf by




A J Hunt
Director

1. ACCOUNTING POLICIES



1a. Basis Of Accounting
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 .



1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures And Fittings - straight line 25%
Computer equipment - straight line 50%



1c. Investment Properties
Investment property is initially recognised at cost. It is then measured at fair value at each reporting date. Any fair value gains arising are not realised profits and therefore are transferred to a separately designated non distributable fair value reserve.



1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.



1e. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.



1f. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.



1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover also includes rents receivable from the letting of units together with management charge income and recharges.



4. INVESTMENT PROPERTIES

	Investment
	Properties	Total
	£	£
Fair value
At 01/01/2023	367,135	367,135
At 31/12/2023	367,135	367,135
The fair value of the investment property was assessed by the director at 31 December 2023. The location and class of property were among the factors that were taken into condsideration when determining fair value.



6. DEBTORS	2023	2022
	£	£
Amounts falling due within one year
Trade debtors	296,398	547,238
Other debtors	400,000	10,000
Amounts due from group companies	9,621	7,041
Prepayments	6,972	11,216
	712,991	575,495



7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
	£	£
UK corporation tax	141,901	92,840
VAT	121,132	107,973
Trade creditors	30,631	67,838
Other creditors	157,784	141,514
Accruals	95,348	154,658
	546,796	564,823



8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2023	2022
	£	£
Due to group companies	459,291	458,370
	459,291	458,370



10. SHARE CAPITAL	2023	2022
	£	£
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each	1000	1000
	1,000	1,000



11. CONTROLLING PARTY
The ultimate controlling party is A J Hunt.

12. RELATED PARTY TRANSACTIONS

The company has taken advantage, under the terms of Financial Reporting Standard 102, not to disclose related party transactions with wholly owned companies within the group.



13. PARENT COMPANY
The parent company is Quay Developments (Southern) Limited.