Company Registration No. 12882487 (England and Wales)
QRC Holdings Limited
Unaudited accounts
for the year ended 30 September 2023
QRC Holdings Limited
Unaudited accounts
Contents
QRC Holdings Limited
Statement of financial position
as at 30 September 2023
Investments
3,015,010
3,015,010
Cash at bank and in hand
5,526
8,638
Creditors: amounts falling due within one year
(287,951)
(337,874)
Net current liabilities
(282,425)
(329,236)
Total assets less current liabilities
2,732,585
2,685,774
Creditors: amounts falling due after more than one year
-
(259,010)
Net assets
2,732,585
2,426,764
Called up share capital
225
225
Share premium
44,775
44,775
Profit and loss account
2,687,585
2,381,764
Shareholders' funds
2,732,585
2,426,764
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by
Dr. S Nicholson
Director
Company Registration No. 12882487
QRC Holdings Limited
Notes to the Accounts
for the year ended 30 September 2023
QRC Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12882487. The registered office is 3 The Lanterns, 16 Melbourn Street, Royston, Herts, SG8 7BX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in shares are included at fair value.
4
Investments
Subsidiary undertakings
Valuation at 1 October 2022
3,015,010
Valuation at 30 September 2023
3,015,010
The company holds 100% of the ordinary share capital of QRC Consultants Limited at a cost of £3,015,010, a company incorporated in England.
5
Creditors: amounts falling due within one year
2023
2022
Other creditors
286,631
336,674
6
Creditors: amounts falling due after more than one year
2023
2022
7
Transactions with related parties
Dividends of £313,521 were received in the year from QRC Consultants Limited of which the company holds 100% of the ordinary share capital.
QRC Holdings Limited
Notes to the Accounts
for the year ended 30 September 2023
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).