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COMPANY REGISTRATION NUMBER: 12463939
Q&V Investments Ltd
Filleted Unaudited Abridged Financial Statements
31 December 2022
Q&V Investments Ltd
Abridged Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
£
Fixed assets
Investments
4
100,502
100,500
Current assets
Cash at bank and in hand
26,713
10,531
Creditors: amounts falling due within one year
500
500
--------
--------
Net current assets
26,213
10,031
---------
---------
Total assets less current liabilities
126,715
110,531
Creditors: amounts falling due after more than one year
132,365
110,491
---------
---------
Net (liabilities)/assets
( 5,650)
40
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 5,750)
( 60)
-------
----
Shareholders (deficit)/funds
( 5,650)
40
-------
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of financial position for the year ending 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.
Q&V Investments Ltd
Abridged Statement of Financial Position (continued)
31 December 2022
These abridged financial statements were approved by the board of directors and authorised for issue on 29 September 2023 , and are signed on behalf of the board by:
X Tingjian
Director
Company registration number: 12463939
Q&V Investments Ltd
Notes to the Abridged Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Discovery Park, Wobaston Road, Wolverhampton, West Midlands, WV10 6QJ, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Investments
£
Cost
At 1 January 2022
100,500
Additions
2
---------
At 31 December 2022
100,502
---------
Impairment
At 1 January 2022 and 31 December 2022
–
---------
Carrying amount
At 31 December 2022
100,502
---------
At 31 December 2021
100,500
---------