Quartermain Ltd 12550262 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Urban planning and landscape architectural activities Digita Accounts Production Advanced 6.30.9574.0 true true 12550262 2023-05-01 2024-04-30 12550262 2024-04-30 12550262 bus:OrdinaryShareClass1 2024-04-30 12550262 bus:OrdinaryShareClass2 2024-04-30 12550262 core:CurrentFinancialInstruments 2024-04-30 12550262 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 12550262 core:FurnitureFittingsToolsEquipment 2024-04-30 12550262 core:MotorVehicles 2024-04-30 12550262 bus:SmallEntities 2023-05-01 2024-04-30 12550262 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 12550262 bus:FilletedAccounts 2023-05-01 2024-04-30 12550262 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 12550262 bus:RegisteredOffice 2023-05-01 2024-04-30 12550262 bus:CompanySecretary1 2023-05-01 2024-04-30 12550262 bus:Director1 2023-05-01 2024-04-30 12550262 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 12550262 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 12550262 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 12550262 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 12550262 core:MotorVehicles 2023-05-01 2024-04-30 12550262 core:OfficeEquipment 2023-05-01 2024-04-30 12550262 countries:EnglandWales 2023-05-01 2024-04-30 12550262 2023-04-30 12550262 core:FurnitureFittingsToolsEquipment 2023-04-30 12550262 core:MotorVehicles 2023-04-30 12550262 2022-05-01 2023-04-30 12550262 2023-04-30 12550262 bus:OrdinaryShareClass1 2023-04-30 12550262 bus:OrdinaryShareClass2 2023-04-30 12550262 core:CurrentFinancialInstruments 2023-04-30 12550262 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 12550262 core:FurnitureFittingsToolsEquipment 2023-04-30 12550262 core:MotorVehicles 2023-04-30 12550262 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 12550262 bus:OrdinaryShareClass2 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12550262

Quartermain Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Quartermain Ltd

Contents

Company Information

1

Director's Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Quartermain Ltd

Company Information

Director

Mr Stephen William QUARTERMAIN

Company secretary

Mrs Celia Jane QUARTERMAIN

Registered office

122 Grange Park Road
London
E10 5EU

Accountants

Sudworths Limited
The Ground Floor Offices The Mill House
The Mill Business Park
Maidstone Road
Ashford
Kent
TN26 1AE

 

Quartermain Ltd

Director's Report for the Year Ended 30 April 2024

The director presents his report and the financial statements for the year ended 30 April 2024.

Director of the company

The director who held office during the year was as follows:

Mr Stephen William QUARTERMAIN

Principal activity

The principal activity of the company is Urban planning and landscape architectural activities

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 2 August 2024
 

.........................................
Mr Stephen William QUARTERMAIN
Director

 

Quartermain Ltd

(Registration number: 12550262)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

42,607

2,077

Current assets

 

Cash at bank and in hand

 

107,342

138,591

Creditors: Amounts falling due within one year

5

(17,149)

(22,754)

Net current assets

 

90,193

115,837

Total assets less current liabilities

 

132,800

117,914

Provisions for liabilities

(8,095)

(395)

Net assets

 

124,705

117,519

Capital and reserves

 

Called up share capital

6

6

6

Retained earnings

124,699

117,513

Shareholders' funds

 

124,705

117,519

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 August 2024
 

.........................................
Mr Stephen William QUARTERMAIN
Director

 

Quartermain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
122 Grange Park Road
London
E10 5EU
England

These financial statements were authorised for issue by the director on 2 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Quartermain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% net book value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Quartermain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Quartermain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

2,985

-

2,985

Additions

-

54,731

54,731

At 30 April 2024

2,985

54,731

57,716

Depreciation

At 1 May 2023

908

13,683

14,591

Charge for the year

518

-

518

At 30 April 2024

1,426

13,683

15,109

Carrying amount

At 30 April 2024

1,559

41,048

42,607

At 30 April 2023

2,077

-

2,077

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

1,252

940

Taxation and social security

 

14,647

20,564

Accruals and deferred income

 

1,250

1,250

 

17,149

22,754

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

A Ordinary shares of £1 each

4

4

4

4

6

6

6

6

 

Quartermain Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

1,252

940

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £10,000.00 per each Ordinary shares

20,000

20,000

Interim dividend of £2,500.00 (2023 - £Nil) per each A Ordinary shares

10,000

-

30,000

20,000