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REGISTERED NUMBER: 08985765












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

QUORN HOUSE LTD

QUORN HOUSE LTD (REGISTERED NUMBER: 08985765)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QUORN HOUSE LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr G J York
Mrs P R York
Mrs C J Haggis
Mr D Spray





SECRETARY: Mr D Spray





REGISTERED OFFICE: Quorn House
Comet Way
Hermitage Industrial Estate
Coalville
Leicestershire
LE67 3FS





REGISTERED NUMBER: 08985765





ACCOUNTANTS: Magma Audit LLP
Unit 2
Charnwood Edge Business Park
Syston Road
Leicester
LE7 4UZ

QUORN HOUSE LTD (REGISTERED NUMBER: 08985765)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 1,887,265 1,887,265

CURRENT ASSETS
Debtors 5 1,252,684 1,195,453
Cash at bank 77 78
1,252,761 1,195,531
CREDITORS
Amounts falling due within one year 6 (3,121,276 ) (3,064,046 )
NET CURRENT LIABILITIES (1,868,515 ) (1,868,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,750

18,750

CAPITAL AND RESERVES
Called up share capital 7 15,939 15,939
Capital redemption reserve 2,811 2,811
18,750 18,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





Mrs C J Haggis - Director


QUORN HOUSE LTD (REGISTERED NUMBER: 08985765)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Quorn House Ltd is a limited company, registered in England and Wales. Its registered office address is Quorn House, Comet Way, Hermitage Industrial Estate, Coalville, Leics, LE67 3FS and the registered number is 08985765.

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.

Investments in subsidiaries
Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost ans subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

QUORN HOUSE LTD (REGISTERED NUMBER: 08985765)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1,887,265
NET BOOK VALUE
At 31 December 2023 1,887,265
At 31 December 2022 1,887,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,252,684 1,195,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 3,121,276 2,925,922
Other creditors - 138,124
3,121,276 3,064,046

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
2813 Ordinary A 1 2,813 2,813
7500 Ordinary B 1 7,500 7,500
1875 Ordinary D 1 1,875 1,875
3751 Ordinary E 1 3,751 3,751
15,939 15,939