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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2017 |
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QCL DEVELOPMENT LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JULY 2017 |
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FOR |
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QCL DEVELOPMENT LTD |
QCL DEVELOPMENT LTD (REGISTERED NUMBER: 09145865) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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QCL DEVELOPMENT LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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BANKERS: |
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113 Dalton Road |
Barrow in Furness |
Cumbria |
LA14 1WY |
QCL DEVELOPMENT LTD (REGISTERED NUMBER: 09145865) |
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ABRIDGED BALANCE SHEET |
31 JULY 2017 |
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31.7.17 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
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NET ASSETS/(LIABILITIES) |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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( |
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The directors acknowledge their 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. |
QCL DEVELOPMENT LTD (REGISTERED NUMBER: 09145865) |
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ABRIDGED BALANCE SHEET - continued |
31 JULY 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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QCL DEVELOPMENT LTD (REGISTERED NUMBER: 09145865) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
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1. | STATUTORY INFORMATION |
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QCL Development Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on the going concern basis the directors having agreed to continue |
to support the company. |
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Turnover |
Turnover represents net invoiced rental income, excluding VAT. |
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Tangible fixed assets |
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Freehold property | - |
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Fixtures and fittings | - |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 1 August 2016 |
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Additions |
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At 31 July 2017 |
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DEPRECIATION |
At 1 August 2016 |
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Charge for year |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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QCL DEVELOPMENT LTD (REGISTERED NUMBER: 09145865) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
31.7.17 | 31.7.16 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 108,983 | 58,147 |
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6. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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31.7.17 | 31.7.16 |
£ | £ |
Bank loans |
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Aldermore Bank plc hold a charge over the freehold property known as 74, Mount Pleasant, Barrow in Furness. |
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Shawbrook Bank Limited hold a charge over 50, Storey Square, Barrow in Furness which contains a fixed charge |
and a floating charge over all the property and undertakings of the company. |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.17 | 31.7.16 |
value: | £ | £ |
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Ordinary | £1 | 99 | 99 |
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8. | RELATED PARTY DISCLOSURES |
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At 31st July 2017 Mr C McDowell , a director of the company, had on an unsecured interest free basis advanced £39,040 to the company. |
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(Prior year £39,040) |
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At 31st July 2017 Mr J Thexton , a director of the company, had on an unsecured interest free basis advanced £39,040 to the company. |
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(Prior year £39,040) |
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At 31st July 2017 Mr C Johannessen , a director of the company, had on an unsecured interest free basis advanced £39,040 to the company. |
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(Prior year £39,040) |
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9. | FIRST YEAR ADOPTION |
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Financial Reporting Standard 102 adopted from 1 August 2016 had no effect on the financial results reported in |
respect of prior years and no adjustment was necessary to previously reported financial results. |