Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31falsetrue2022-11-01falseNo description of principal activity23The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12239406 2022-11-01 2023-10-31 12239406 2021-11-01 2022-10-31 12239406 2023-10-31 12239406 2022-10-31 12239406 c:Director3 2022-11-01 2023-10-31 12239406 d:Buildings d:ShortLeaseholdAssets 2022-11-01 2023-10-31 12239406 d:Buildings d:ShortLeaseholdAssets 2023-10-31 12239406 d:Buildings d:ShortLeaseholdAssets 2022-10-31 12239406 d:CurrentFinancialInstruments 2023-10-31 12239406 d:CurrentFinancialInstruments 2022-10-31 12239406 d:Non-currentFinancialInstruments 2023-10-31 12239406 d:Non-currentFinancialInstruments 2022-10-31 12239406 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12239406 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 12239406 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 12239406 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 12239406 d:ShareCapital 2023-10-31 12239406 d:ShareCapital 2022-10-31 12239406 d:RetainedEarningsAccumulatedLosses 2023-10-31 12239406 d:RetainedEarningsAccumulatedLosses 2022-10-31 12239406 c:FRS102 2022-11-01 2023-10-31 12239406 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12239406 c:FullAccounts 2022-11-01 2023-10-31 12239406 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12239406 2 2022-11-01 2023-10-31 12239406 6 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 12239406









QA JV LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
QA JV LIMITED
REGISTERED NUMBER: 12239406

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
189,515
189,515

Investments
 5 
80,000
80,000

  
269,515
269,515

Current assets
  

Debtors: amounts falling due within one year
 6 
4,683
2

Cash at bank and in hand
 7 
147
160

  
4,830
162

Creditors: amounts falling due within one year
 8 
(514,922)
(440,518)

Net current liabilities
  
 
 
(510,092)
 
 
(440,356)

Total assets less current liabilities
  
(240,577)
(170,841)

Creditors: amounts falling due after more than one year
  
(12,875)
-

  

Net liabilities
  
(253,452)
(170,841)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(253,454)
(170,843)

  
(253,452)
(170,841)


Page 1

 
QA JV LIMITED
REGISTERED NUMBER: 12239406
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

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 income and retained earnings 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 on 31 July 2024.




Anthony Wilmott
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
QA JV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

QA JV Limited is a private company limited by shares, registered in the United Kingdom number 12239406. Its registered office is Manor House, 35 St. Thomas's Road, Chorley, Lancashire, PR7 1HP.    
During the period, the principal activity of the company was that of development of building projects.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
QA JV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

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

 
2.6

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:

Short-term leasehold property
-

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.

 
2.7

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 balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings 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 balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 4

 
QA JV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

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 2 (2022 - 3).


4.


Tangible fixed assets





Short-term leasehold property

£



Cost or valuation


At 1 November 2022
189,515



At 31 October 2023

189,515






Net book value



At 31 October 2023
189,515



At 31 October 2022
189,515

Page 5

 
QA JV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

5.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 November 2022
80,000



At 31 October 2023
80,000





6.


Debtors

2023
2022
£
£


Other debtors
4,681
-

Called up share capital not paid
2
2

4,683
2



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
147
159

147
159



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
334,617
311,796

Trade creditors
2,280
-

Other taxation and social security
-
6,093

Other creditors
176,875
120,979

Accruals and deferred income
1,150
1,650

514,922
440,518


Page 6

 
QA JV LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
12,875
-

12,875
-


 
Page 7