Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3172022-01-01falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13190075 2022-01-01 2022-12-31 13190075 2021-02-09 2021-12-31 13190075 2022-12-31 13190075 2021-12-31 13190075 c:Director1 2022-01-01 2022-12-31 13190075 d:FurnitureFittings 2022-01-01 2022-12-31 13190075 d:FurnitureFittings 2022-12-31 13190075 d:FurnitureFittings 2021-12-31 13190075 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 13190075 d:ComputerSoftware 2022-12-31 13190075 d:ComputerSoftware 2021-12-31 13190075 d:CurrentFinancialInstruments 2022-12-31 13190075 d:CurrentFinancialInstruments 2021-12-31 13190075 d:Non-currentFinancialInstruments 2022-12-31 13190075 d:Non-currentFinancialInstruments 2021-12-31 13190075 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13190075 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13190075 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 13190075 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 13190075 d:ShareCapital 2022-12-31 13190075 d:ShareCapital 2021-12-31 13190075 d:SharePremium 2022-12-31 13190075 d:SharePremium 2021-12-31 13190075 d:RetainedEarningsAccumulatedLosses 2022-12-31 13190075 d:RetainedEarningsAccumulatedLosses 2021-12-31 13190075 c:OrdinaryShareClass1 2022-01-01 2022-12-31 13190075 c:OrdinaryShareClass1 2022-12-31 13190075 c:OrdinaryShareClass1 2021-12-31 13190075 c:OrdinaryShareClass2 2022-01-01 2022-12-31 13190075 c:OrdinaryShareClass2 2022-12-31 13190075 c:OrdinaryShareClass2 2021-12-31 13190075 c:FRS102 2022-01-01 2022-12-31 13190075 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 13190075 c:FullAccounts 2022-01-01 2022-12-31 13190075 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 13190075 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2022-01-01 2022-12-31 13190075 6 2022-01-01 2022-12-31 13190075 d:ComputerSoftware d:OwnedIntangibleAssets 2022-01-01 2022-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13190075









QIG HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
QIG HOLDINGS LIMITED
REGISTERED NUMBER: 13190075

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
379,807
20,989

Tangible assets
 5 
75,924
103,185

Investments
 6 
300
300

  
456,031
124,474

Current assets
  

Debtors: amounts falling due within one year
 7 
2,804,670
1,981,200

Cash at bank and in hand
 8 
17,559
407,171

  
2,822,229
2,388,371

Creditors: amounts falling due within one year
 9 
(65,788)
(114,591)

Net current assets
  
 
 
2,756,441
 
 
2,273,780

Total assets less current liabilities
  
3,212,472
2,398,254

Creditors: amounts falling due after more than one year
 10 
(1,528,580)
(499,993)

  

Net assets
  
1,683,892
1,898,261


Capital and reserves
  

Called up share capital 
 11 
5
5

Share premium account
  
1,999,991
1,999,991

Profit and loss account
  
(316,104)
(101,735)

  
1,683,892
1,898,261


Page 1

 
QIG HOLDINGS LIMITED
REGISTERED NUMBER: 13190075
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider 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 directors acknowledge their 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 comprehensive income 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: 




C Campion
Director

Date: 2 October 2023

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
QIG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

QIG Holdings Limited is a private company limited by shares and incorporated in England & Wales (registered number 13190075). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 

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 following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the directors have obtained assurances from its immediate and ultimate parent company to continue to provide adequate funds to meets its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
QIG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
QIG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2021 - 5).

Page 5

 
QIG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Intangible assets




Computer software

£



Cost


At 1 January 2022
21,501


Additions
462,605



At 31 December 2022

484,106



Amortisation


At 1 January 2022
512


Charge for the year on owned assets
103,787



At 31 December 2022

104,299



Net book value



At 31 December 2022
379,807



At 31 December 2021
20,989



Page 6

 
QIG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 January 2022
109,045



At 31 December 2022

109,045



Depreciation


At 1 January 2022
5,860


Charge for the year on owned assets
27,261



At 31 December 2022

33,121



Net book value



At 31 December 2022
75,924



At 31 December 2021
103,185

Page 7

 
QIG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2022
300



At 31 December 2022
300




Page 8

 
QIG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

7.


Debtors

2022
2021
£
£


Amounts owed by group undertakings
2,774,683
1,611,110

Other debtors
23,116
20,915

Prepayments and accrued income
6,871
349,175

2,804,670
1,981,200



8.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
17,559
407,171

17,559
407,171



9.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
64,288
114,591

Accruals and deferred income
1,500
-

65,788
114,591



10.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other loans
1,528,580
499,993

1,528,580
499,993


Page 9

 
QIG HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

11.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



300 (2021 - 300) Ordinary A shares of £0.01 each
3
3
200 (2021 - 200) Ordinary B shares of £0.01 each
2
2

5

5


 
Page 10