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Unaudited Financial Statements for the Year Ended 30 November 2019 |
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Quest Assets Ltd |
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Unaudited Financial Statements for the Year Ended 30 November 2019 |
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Quest Assets Ltd |
Quest Assets Ltd (Registered number: 05986466) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Quest Assets Ltd |
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Company Information |
for the Year Ended 30 November 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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3 Athenaeum Road |
London |
N20 9AA |
Quest Assets Ltd (Registered number: 05986466) |
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Balance Sheet |
30 November 2019 |
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30.11.19 | 30.11.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
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Quest Assets Ltd (Registered number: 05986466) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2019 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rents receivable. |
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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. |
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2. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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3. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 December 2018 |
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Additions | ( |
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Revaluations | 43,500 |
At 30 November 2019 |
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NET BOOK VALUE |
At 30 November 2019 |
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At 30 November 2018 |
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Fair value at 30 November 2019 is represented by: |
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£ |
Valuation in 2016 | 113,159 |
Valuation in 2019 | 43,500 |
Cost | 353,341 |
510,000 |
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Investment property was valued on an open market basis on 30 November 2019 by the company director . |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.19 | 30.11.18 |
£ | £ |
Other debtors |
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Quest Assets Ltd (Registered number: 05986466) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2019 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.11.19 | 30.11.18 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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