Caseware UK (AP4) 2021.0.152 2021.0.152 2021-03-312021-03-31truefalse2020-04-01No description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07999096 2020-04-01 2021-03-31 07999096 2019-04-01 2020-03-31 07999096 2021-03-31 07999096 2020-03-31 07999096 c:Director1 2020-04-01 2021-03-31 07999096 d:CurrentFinancialInstruments 2021-03-31 07999096 d:CurrentFinancialInstruments 2020-03-31 07999096 d:Non-currentFinancialInstruments 2021-03-31 07999096 d:Non-currentFinancialInstruments 2020-03-31 07999096 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 07999096 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 07999096 d:ShareCapital 2021-03-31 07999096 d:ShareCapital 2020-03-31 07999096 d:RetainedEarningsAccumulatedLosses 2021-03-31 07999096 d:RetainedEarningsAccumulatedLosses 2020-03-31 07999096 c:FRS102 2020-04-01 2021-03-31 07999096 c:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 07999096 c:AbridgedAccounts 2020-04-01 2021-03-31 07999096 c:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 07999096 d:Subsidiary1 2020-04-01 2021-03-31 07999096 d:Subsidiary1 1 2020-04-01 2021-03-31 07999096 4 2020-04-01 2021-03-31 07999096 6 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 07999096









QUINTIN (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2021

 
QUINTIN (UK) LIMITED
REGISTERED NUMBER: 07999096

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
  
100
100

Current assets
  

Debtors
  
149,127
146,727

Cash at bank and in hand
  
15
85

  
149,142
146,812

Creditors: amounts falling due within one year
 6 
(148,993)
(144,316)

Net current assets
  
 
 
149
 
 
2,496

Total assets less current liabilities
  
249
2,596

Net assets
  
249
2,596


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
149
2,496

  
249
2,596


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 statement of income and retained earnings 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 by: 




M Jacobs
Director

Date: 12 September 2022

The notes on pages 3 to 7 form part of these financial statements.
Page 1

 
QUINTIN (UK) LIMITED
REGISTERED NUMBER: 07999096
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2021


Page 2

 
QUINTIN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1.


General information

Quintin (UK) Limited ("the Company") is a private company, limited by shares, incorporated in England and Wales, registration number 07999096. The registered office is 35 Ballards Lane, London, United Kingdom, N3 1XW. The principal activity of the company is that of an investment holding company. 
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis which assumes that the Company will continue to operate for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due. The Company made a loss for the year amounting to £2,347 and has net assets of £249.
The director is continuing to look into restructuring the business to simplify operations and reduce overall costs across the Group. The Group is dependent on the support currently provided by an entity in which the director has joint control to enable it to meet its financial obligations as they fall due and also on this entity not seeking repayment of loans. The directors of the entity have confirmed their support will continue for at least 12 months from the date of signature of these accounts and further funding will be made available if required.
Based on all the above, the director believes that the Company has adequate resources to continue in operational existence for the foreseeable future and that it is appropriate to continue to use the going concern basis for the preparation of these financial statements.

 
2.3

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
QUINTIN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including other debtors and amounts due from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, accruals and loans to related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual
obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
QUINTIN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

3.


Employees

The Company has no employees other than the director, who did not receive any remuneration (2020 -
£Nil)



4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2020
100



At 31 March 2021
100





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Principal activity

Class of shares

Holding

Millbrae Trading Limited
Proprietary trading in financial securities
Ordinary
100%

The aggregate of the share capital and reserves as at 31 March 2021 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(Loss)

Millbrae Trading Limited
(85,057)
12,678

Page 5

 
QUINTIN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

5.


Debtors

2021
2020
£
£

Due after more than one year

Other debtors
24,127
23,539


2021
2020
£
£

Due within one year

Amounts owed by other participating interests
38,640
38,640

Other debtors
74,338
72,527

Tax recoverable
12,021
12,021

124,999
123,188



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
2,160
3,120

Amounts owed to group undertakings
3,170
-

Amounts owed to other participating interests
101,435
101,435

Other creditors
38,508
37,001

Accruals and deferred income
3,720
2,760

148,993
144,316



7.


Director's benefits: advances, credits and guarantees

Included within other debtors due within one year is a balance of £74,238 due from the director. This amount consists of an opening balance of £72,427 and interest of £1,811 (2020: £1,954) which has been charged by the company at the rate of 2.5% per annum (2020: 2.5%).

Page 6

 
QUINTIN (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

8.


Related party transactions

Included within debtors is an amount of £38,640 (2020: £38,640) owed by a Limited Liability Partnership in which the director has a participating interest. This balance is unsecured, interest-free and repayable on demand.
Included within creditors is an amount of £3,170 (2020: £Nil) owed to the subsidiary company.  During the year, the subsidiary company made payments on behalf of the company of £3,120 and also loaned the company £50. This balance was unsecured, interest-free and repayable on demand.
Also included within creditors due within one year are amounts totalling £101,435 (2020: £101,435) owed to entities in which the director has a participating interest. These balances are unsecured, interest-free and repayable on demand.

 
Page 7