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REGISTERED NUMBER: 04251854















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

QUINTILE INVESTMENTS LIMITED

QUINTILE INVESTMENTS LIMITED (REGISTERED NUMBER: 04251854)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUINTILE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr N Khimasia
Mrs P Khimasia





SECRETARY: Mr N Khimasia





REGISTERED OFFICE: 15 Arlington
London
N127JR





REGISTERED NUMBER: 04251854






QUINTILE INVESTMENTS LIMITED (REGISTERED NUMBER: 04251854)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,918 1,925
Investment property 5 300,000 300,000
301,918 301,925

CURRENT ASSETS
Debtors 6 435,220 424,296
Cash at bank 6,135 21,778
441,355 446,074
CREDITORS
Amounts falling due within one year 7 39,843 37,305
NET CURRENT ASSETS 401,512 408,769
TOTAL ASSETS LESS CURRENT
LIABILITIES

703,430

710,694

CREDITORS
Amounts falling due after more than one year 8 (519,789 ) (533,743 )

PROVISIONS FOR LIABILITIES (37,000 ) (37,000 )
NET ASSETS 146,641 139,951

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 152,377 152,377
Retained earnings (6,736 ) (13,426 )
SHAREHOLDERS' FUNDS 146,641 139,951

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

QUINTILE INVESTMENTS LIMITED (REGISTERED NUMBER: 04251854)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th September 2024 and were signed on its behalf by:





Mr N Khimasia - Director


QUINTILE INVESTMENTS LIMITED (REGISTERED NUMBER: 04251854)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Quintile Investments Limited is a private company, limited by shares, registered in buying and selling of own real estate. The company's registered number is 04251854 and registered office address is at 15 Arlington, London, England, N12 7JR.

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses.

The estimates and assumptions used in the accompanying financial statements are based upon management's evaluation of the relevant facts and circumstances as on the date of the financial statements. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

Information about estimation uncertainties that may have a significant risk of resulting in a material adjustment within the next financial year are:

Valuation of investment property - freehold investment properties are shown at their fair value at balance sheet date. The investment properties are valued by the directors. Any valuation exercise will involve a number of assumptions and professional judgements and small changes in the assumptions and professional judgements can cause large deviations in the fair values of the investment properties.

Turnover
Rental income receivable from the investment property is recognised over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 1 (2022 - 1 ) .

QUINTILE INVESTMENTS LIMITED (REGISTERED NUMBER: 04251854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 5,645
Additions 331
At 31st December 2023 5,976
DEPRECIATION
At 1st January 2023 3,720
Charge for year 338
At 31st December 2023 4,058
NET BOOK VALUE
At 31st December 2023 1,918
At 31st December 2022 1,925

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 300,000
NET BOOK VALUE
At 31st December 2023 300,000
At 31st December 2022 300,000

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2006 39,377
Valuation in 2016 100,000
Valuation in 2022 50,000
Cost 110,623
300,000

Investment property was valued on an open market basis on 31st December 2023 by Mr N Khimasia who is a director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 435,220 424,296

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 39,843 37,305

QUINTILE INVESTMENTS LIMITED (REGISTERED NUMBER: 04251854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 519,789 533,743

Amounts falling due in more than five years:

Repayable otherwise than by instalments
5% Cumulative
Preference Shares 115,000 115,000
115,000 115,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1.00 1,000 1,000

10. RELATED PARTY DISCLOSURES

An amount of £35,543 (2022: £30,143) was payable to the directors at the year-end.

An amount of £404,789 (2022: £418,743) was payable to a director and shareholder at the year-end.

11. ULTIMATE CONTROLLING PARTY

The company was controlled by Mr Neel Khimasia by virtue of majority shareholding.