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REGISTERED NUMBER: 05060096 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

DATAQUEST (TECHNOLOGY) LIMITED

DATAQUEST (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 05060096)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DATAQUEST (TECHNOLOGY) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D S Larkin
G Young





REGISTERED OFFICE: 24 Chiswell Street
London
EC1Y 4TY





REGISTERED NUMBER: 05060096 (England and Wales)





AUDITORS: Orcom Civvals Audit Limited
Chartered Accountants and
Statutory Auditors
50 Seymour Street
London
W1H 7JG

DATAQUEST (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 05060096)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 5 3,048,667 3,048,667

CURRENT ASSETS
Cash at bank 100 100

CREDITORS
Amounts falling due within one year 6 6,650 6,650
NET CURRENT LIABILITIES (6,550 ) (6,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,042,117

3,042,117

CAPITAL AND RESERVES
Called up share capital 7 100 100
Capital redemption reserve 8 99,900 99,900
Retained earnings 8 2,942,117 2,942,117
SHAREHOLDERS' FUNDS 3,042,117 3,042,117

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2023 and were signed on its behalf by:





D S Larkin - Director


DATAQUEST (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 05060096)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Dataquest (Technology) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.

Going concern
The company is part of the Group headed by Dataquest Group Limited ("The Group") and its trading subsidiary is party to a cross guarantee over the Group's funding facilities. The directors have therefore completed an assessment of the going concern based on the Group's position which is considered necessary as a result of the cross guarantee for a period of at least twelve months following the approval of each Group entity's financial statements (the going concern assessment period).

In carrying out their duties in respect of going concern, the directors have reviewed the Group's cashflow forecasts, liquidity, borrowing facilities and related covenant requirements and the operational activities of the company and the Group. The company and the Group continue to have the backing of their shareholders and major stakeholders. The Group, due to the unexpected rises in interest rates, has breached its bank loan covenants, however, the bank continues to be supportive and as a consequence have not taken any action at present. However, the bank has stated that it reserves its rights to take any action in the future that it deems appropriate in respect of any relevant defaults.

Subsequent to the year end, the bank has agreed to extend the current loan facilities to 29 October 2025.

As such the directors anticipate that the company and the Group will have sufficient funds to meet its liabilities without compromising its working capital requirements for a period of 12 months from the date of signing these financial statements.

The directors, therefore, consider that it is appropriate to prepare the accounts on a going concern basis.

DATAQUEST (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 05060096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. ACCOUNTING POLICIES - continued

Preparation of consolidated financial statements
The financial statements contain information about Dataquest (Technology) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Dataquest Group Limited, 24 Chiswell Street, London EC1Y 4TY, England.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 3,048,667
NET BOOK VALUE
At 31 March 2023 3,048,667
At 31 March 2022 3,048,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 6,650 6,650

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

The company has one class of ordinary shares. Ordinary shares have full rights in the company with respect to voting, dividend and capital distribution.

DATAQUEST (TECHNOLOGY) LIMITED (REGISTERED NUMBER: 05060096)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 2,942,117 99,900 3,042,017
Profit for the year 100,000 100,000
Dividends (100,000 ) (100,000 )
At 31 March 2023 2,942,117 99,900 3,042,017

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aamir Kazi (Senior Statutory Auditor)
for and on behalf of Orcom Civvals Audit Limited

10. POST BALANCE SHEET EVENTS

No other significant events have happened between 31 March 2022 and the date of signing the financial statements.

11. ULTIMATE CONTROLLING PARTY

The parent undertaking and the smallest and largest group to consolidate these financial statements is Dataquest Group Limited. Copies of the Dataquest Group Limited consolidated financial statements can be obtained from Companies House.

The ultimate controlling party is Mr G Young, by virtue of his majority shareholding in Dataquest Group Limited.