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REGISTERED NUMBER: 12069194 (England and Wales)















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: Mr T M Paiva Pais Costa
Mr N A Paiva Pais Costa





REGISTERED OFFICE: 10 St Ann Street
Salisbury
Wiltshire
SP1 2DN





REGISTERED NUMBER: 12069194 (England and Wales)





AUDITORS: Rothmans Audit LLP
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 2,513 12,335
Cash at bank 5,876 630
8,389 12,965
CREDITORS
Amounts falling due within one year 5 31,281 27,208
NET CURRENT LIABILITIES (22,892 ) (14,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,892

)

(14,243

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (22,992 ) (14,343 )
(22,892 ) (14,243 )

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 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 22 February 2024 and were signed on its behalf by:




Mr N A Paiva Pais Costa - Director



Mr T M Paiva Pais Costa - Director


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 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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 - 12,335
Other debtors 2,513 -
2,513 12,335

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 7,218 2,314
Amounts owed to group undertakings 14,365 14,365
Taxation and social security - 667
Other creditors 9,698 9,862
31,281 27,208

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

The Report of the Auditors was unqualified.

Susan Sullivan FCA (Senior Statutory Auditor)
for and on behalf of Rothmans Audit LLP

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.