REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 |
FOR |
QUADRANTE HEDSON RAIL LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 |
FOR |
QUADRANTE HEDSON RAIL LTD |
QUADRANTE HEDSON RAIL LTD (REGISTERED NUMBER: 12069194) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
QUADRANTE HEDSON RAIL LTD |
COMPANY INFORMATION |
for the year ended 31 December 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants and Statutory Auditors |
10 St Ann Street |
Salisbury |
Wiltshire |
SP1 2DN |
QUADRANTE HEDSON RAIL LTD (REGISTERED NUMBER: 12069194) |
BALANCE SHEET |
31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
QUADRANTE HEDSON RAIL LTD (REGISTERED NUMBER: 12069194) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2022 |
1. | STATUTORY INFORMATION |
Quadrante Hedson Rail Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Debtors |
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. |
Cash and cash equivalents |
These comprise cash at bank and other short-term highly liquid bank deposits. |
Creditors |
Creditors are not interest bearing and are stated at their nominal value. |
Going concern |
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in existence for the foreseeable future. |
The parent company has declared its intention to continue to support the company for the foreseeable future and will not require repayment of its loans within a period of 12 months following the date of signing these accounts, unless its cash flow permits such a payment to be made without impacting upon its ability to continue to trade. |
The directors' consider that in preparing the financial statements they have taken into account all information that could reasonably be expected to be available. On this basis they consider that it is appropriate to prepare the financial statements on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade debtors |
Other debtors |
QUADRANTE HEDSON RAIL LTD (REGISTERED NUMBER: 12069194) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2022 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.22 | 31.12.21 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | RELATED PARTY DISCLOSURES |
As at 31 December 2022 Quadrante Hedson Rail Limited owed £3,149 (2021: £3,149) to Quadrante UK Limited, which has an interest in 34% of its issued share capital. This loan is interest free and repayable on demand. |
As at 31 December 2022 Quadrante Hedson Rail Limited owed £5,984 (2021: £5,984) to Hedson Rail Limited, which has an interest in 33% of its issued share capital. This loan is interest free and repayable on demand. |
As at 31 December 2022 Quadrante Hedson Rail Limited owed £5,232 (2021: £5,232) to Quadrante Engenharia e Consultoria S.A, which has an interest in 33% of its issued share capital. This loan is interest free and repayable on demand. |
8. | ULTIMATE CONTROLLING PARTY |
Quadrante Hedson Rail Limited is a subsidiary of the Quadrante Group. The ultimate parent company is Quadrante Investimentos S.A, whose registered address is Edificio Torre Burgo, Avenida da Boavista, 1773 2.º, andar, B2.5, 4100-133 Porto, Portugal. |