Registered number:
5913146
QUINT GLOUCESTER PLACE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
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QUINT GLOUCESTER PLACE LIMITED
REGISTERED NUMBER:
5913146
BALANCE SHEET
AS AT
31 MARCH 2017
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Page 1
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QUINT GLOUCESTER PLACE LIMITED
REGISTERED NUMBER:
5913146
BALANCE SHEET
(CONTINUED)
AS AT
31 MARCH 2017
For the year ended 31 March 2017 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The
financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on
20 December 2017
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................................................
H N Sharif
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The notes on pages 4 to 5 form part of these financial statements.
Page 2
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QUINT GLOUCESTER PLACE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED
31 MARCH 2017
Page 3
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QUINT GLOUCESTER PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
The company is incorporated in the UK and its current registered office is 120 Baker Street, London, W1U 6TU.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The presentation currency is pounds sterling.
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, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Amounts owed by group undertakings
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Creditors: Amounts falling due within one year
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Page 4
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QUINT GLOUCESTER PLACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017
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Related party transactions
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Included in debtors is an amount of £694,678 (2016 : £704,504) due from Que Holdings Limited, the parent company.
Included in debtors is an amount of £615,000 (2016 : £615,000) due from Quint Paddington Limited, a group company.
Included in administration expenses is a charge of £3,000 (2016 : £3,000) relating to a share of staff and office costs charged by Flagship Securities Limited, a company in which H N Sharif has an interest by virtue of his holding in its parent company
Included in administration expenses is a charge of £5,000 (2016 : £5,000) relating to a share of office costs charged by Flagship Investments Limited, a company in which H N Sharif has an interest by virtue of his owning all of the issued share capital
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The ultimate parent company is Que Holdings Limited, a company registered in England and Wales.
The ultimate controlling party is H N Sharif by virtue of his 100% holding in the parent company Que Holdings Limited.
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First time adoption of FRS 102
The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.
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Page 5
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