IRIS Accounts Production v24.1.9.2 13475094 Board of Directors 25.12.22 24.12.23 24.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134750942022-12-24134750942023-12-24134750942022-12-252023-12-24134750942021-06-23134750942021-06-242022-12-24134750942022-12-2413475094ns15:EnglandWales2022-12-252023-12-2413475094ns14:PoundSterling2022-12-252023-12-2413475094ns10:Director12022-12-252023-12-2413475094ns10:PrivateLimitedCompanyLtd2022-12-252023-12-2413475094ns10:SmallEntities2022-12-252023-12-2413475094ns10:AuditExempt-NoAccountantsReport2022-12-252023-12-2413475094ns10:SmallCompaniesRegimeForDirectorsReport2022-12-252023-12-2413475094ns10:SmallCompaniesRegimeForAccounts2022-12-252023-12-2413475094ns10:AbridgedAccounts2022-12-252023-12-2413475094ns10:Director22022-12-252023-12-2413475094ns10:Director32022-12-252023-12-2413475094ns10:Director42022-12-252023-12-2413475094ns10:Director52022-12-252023-12-2413475094ns10:Director62022-12-252023-12-2413475094ns10:RegisteredOffice2022-12-252023-12-2413475094ns5:CurrentFinancialInstruments2023-12-2413475094ns5:CurrentFinancialInstruments2022-12-2413475094ns5:Non-currentFinancialInstruments2023-12-2413475094ns5:Non-currentFinancialInstruments2022-12-2413475094ns5:ShareCapital2023-12-2413475094ns5:ShareCapital2022-12-2413475094ns5:RetainedEarningsAccumulatedLosses2023-12-2413475094ns5:RetainedEarningsAccumulatedLosses2022-12-2413475094ns5:FurnitureFittings2022-12-252023-12-2413475094ns5:ComputerEquipment2022-12-252023-12-2413475094ns5:RetainedEarningsAccumulatedLosses2022-12-2413475094ns5:RetainedEarningsAccumulatedLosses2022-12-252023-12-24
REGISTERED NUMBER: 13475094 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24 DECEMBER 2023

FOR

FNZ Q-HUB LIMITED

FNZ Q-HUB LIMITED (REGISTERED NUMBER: 13475094)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 24 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


FNZ Q-HUB LIMITED

COMPANY INFORMATION
for the Year Ended 24 December 2023







DIRECTORS: T A Lovett
W Cegarra
A J Durham
H Evans
J K Griffiths
M F Mustaffa





REGISTERED OFFICE: 3 Mellor Road
Cheadle Hulme
Cheadle
United Kingdom
SK8 5AT





REGISTERED NUMBER: 13475094 (England and Wales)





ACCOUNTANTS: Moss & Williamson Limited
Chartered Accountants
3 Mellor Road
Cheadle Hulme
Cheadle
Cheshire
SK8 5AT

FNZ Q-HUB LIMITED (REGISTERED NUMBER: 13475094)

ABRIDGED BALANCE SHEET
24 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,519 3,941

CURRENT ASSETS
Debtors 360,524 446,239
Cash at bank 1,831,362 788,991
2,191,886 1,235,230
CREDITORS
Amounts falling due within one year (261,861 ) (102,372 )
NET CURRENT ASSETS 1,930,025 1,132,858
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,934,544

1,136,799

CREDITORS
Amounts falling due after more than one
year

(4,542,842

)

(2,523,801

)
NET LIABILITIES (2,608,298 ) (1,387,002 )

CAPITAL AND RESERVES
Called up share capital 1,065 1,065
Retained earnings 5 (2,609,363 ) (1,388,067 )
(2,608,298 ) (1,387,002 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 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.

FNZ Q-HUB LIMITED (REGISTERED NUMBER: 13475094)

ABRIDGED BALANCE SHEET - continued
24 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 24 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 September 2024 and were signed on its behalf by:





J K Griffiths - Director


FNZ Q-HUB LIMITED (REGISTERED NUMBER: 13475094)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 24 December 2023

1. STATUTORY INFORMATION

Fnz Q-Hub Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared as a going concern which the directors consider appropriate. The company's going concern is reliant on the continued support of FNZ Group, an associated company, who have confirmed their willingness to do so for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

FNZ Q-HUB LIMITED (REGISTERED NUMBER: 13475094)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 24 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 25 December 2022 4,426
Additions 1,375
At 24 December 2023 5,801
DEPRECIATION
At 25 December 2022 485
Charge for year 797
At 24 December 2023 1,282
NET BOOK VALUE
At 24 December 2023 4,519
At 24 December 2022 3,941

5. RESERVES
Retained
earnings
£   

At 25 December 2022 (1,388,067 )
Deficit for the year (1,221,296 )
At 24 December 2023 (2,609,363 )

6. ULTIMATE CONTROLLING PARTY

The controlling party is FNZ Group Entities Limited.