I found this which helped me:
"The word 'qadr' means 'decree.' It also means 'majesty or high esteem.' Thus, Laylat ul-Qadr, or the Night of Qadr, means the Night of Decree, or the Night of Majesty.
Laylat ul-Qadr is a very blessed night. It is the best night of Ramadan, rather, the whole year. Rewards for acts of worship during it are multiplied so as to equal one thousand months.
It is the night that Allah chose to send the Qurâan down to the lowest heaven, from where it was revealed in small portions to Muhammad (sallallaahu alaihi wa sallam) (peace and blessings of Allah be upon him).
It is the night on which Allah decrees His wise ordainments, appointing matters of life, death, sustenance, disasters, etc etc. and the angels descend with these decrees.
Allah says, which means:
"Lo! We revealed it on the Night of Power. Ah, what will convey unto thee what the Night of Power is! The Night of Power is better than a thousand months. The angels and the Spirit descent therein, by the permission of their Lord, with all decrees. (The Night is) Peace until the rising of the dawn." (97th Surah of the Glorious Qur'aan - 'Al-Qadr')
It should be noted here that sending down the Qurâan on Laylat ul-Qadr does not mean that it was revealed all at once to Muhammad. According to the scholars, it was sent down on that night from al-Lawh ul-Mahfooz (the Preserved Tablet) to the lowest heaven. It was then revealed in small segments, as necessary, over a period of 23 years of the Messenger's (pbuh) life. However, since such details are not revealed in the Qur'aan, therefore only Allah knows best.
The same applies to Allah's decrees. They are not formulated on this specific night every year. Rather, Allah, with His encompassing knowledge, knew all what will happen, and has recorded it all in al-Lawh ul-Mahfooz. On Laylat ul-Qadr, Allah issues His decrees pertaining to the following year (life, death, sustenance, etc), after having been in al-Lawh ul-Mahfooz, to the angels. And Allah knows best.
According to Hadeeth, Laylat ul-Qadr falls on an odd night of the last 10 nights of Ramadan; it is more likely to be on the last seven, and most likely on the middle one of those, which is the night of the 27th. The scholars differ as to whether it always comes on a fixed night, namely the 27th, or moves from year to year between these nights. People are of the opinion that the safest approach is to follow the hadith instructing one to seek it at least on the odd nights of the last 10. At the same time, special care should be given to the night of the 27th, because it is the night on which the Prophet (pbuh) gathered all of his family, and passed it in prayer and worship.
Laylat ul-Qadr is the most blessed night. A person who misses it has indeed missed a great amount of good. It is recommended to make a long Qiyaam (night) prayers during the nights on which Laylat ul-Qadr could fall.
It is also recommended to make extensive supplication on this night. Aisha (RA) is reported to have said that she asked Allah's Messenger, "O Messenger of Allah! If I knew which night is Laylat ul-Qadr, what should I say during it? He (pbuh) instructed her to say: "Allaahumma innaka ‘afuwwun tuhibb ul-’afwa f’afu ‘annee – meaning, 'O Allah! You are forgiving, and you love forgiveness. So forgive me.'
It is further recommended to spend more time in worship during the nights on which Laylat ul-Qadr is likely to be. This calls for abandoning many worldly pleasures in order to secure the time and thoughts solely for worshipping Allah.
In the Glorious Qur'aan the day or date of Layla-tul-Qadr has not been mentioned, instead Allah only states that the Qur'aan was revealed (meaning began being revealed) in the month of Ramadan. Reports that Layla-tul-Qadr comes during an odd night among the last 10 nights of Ramadan (i.e. 21, 23, 25. 27 or 29) have been derived from various Ahadeeth but only Allah knows if such reports are correct. It is possible that the reason Allah did not reveal the exact date of Layla-tul-Qadr was to avoid people from limiting their worship to just that one night. But this is just an opinion. Again, the actual reason is only known to Allah. Thus, in my humble view, the entire month of Ramadan must be spent in deep devotion to the Almighty Allah.
Also please note that there are various stories among people about the Night of Qadr about unusual incidents happening on this night. All this is nonsense and must not be accepted as Allah has given us no warrant to believe in such stories."
Source -
http://www.gawaher.com/lofiversion/index.php/t34718.html
Thanks for all your help.
Jazak Allah Kair