Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 08196802 Mr Allan Cawood Mr Charles Osburn Mr Howard Earley Mr Athanasios Missaikos true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08196802 2022-12-31 08196802 2023-12-31 08196802 2023-01-01 2023-12-31 08196802 frs-core:CurrentFinancialInstruments 2023-12-31 08196802 frs-core:Non-currentFinancialInstruments 2023-12-31 08196802 frs-core:ShareCapital 2023-12-31 08196802 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 08196802 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08196802 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 08196802 frs-bus:SmallEntities 2023-01-01 2023-12-31 08196802 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 08196802 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 08196802 1 2023-01-01 2023-12-31 08196802 frs-bus:Director1 2023-01-01 2023-12-31 08196802 frs-bus:Director2 2023-01-01 2023-12-31 08196802 frs-bus:Director3 2023-01-01 2023-12-31 08196802 frs-bus:Director4 2023-01-01 2023-12-31 08196802 frs-countries:EnglandWales 2023-01-01 2023-12-31 08196802 2021-12-31 08196802 2022-12-31 08196802 2022-01-01 2022-12-31 08196802 frs-core:CurrentFinancialInstruments 2022-12-31 08196802 frs-core:Non-currentFinancialInstruments 2022-12-31 08196802 frs-core:ShareCapital 2022-12-31 08196802 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 08196802
Quintica Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08196802
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 630,423 583,017
Investments 5 - 170,000
Cash at bank and in hand - 15,308
630,423 768,325
Creditors: Amounts Falling Due Within One Year 6 (423,542 ) (364,454 )
NET CURRENT ASSETS (LIABILITIES) 206,881 403,871
TOTAL ASSETS LESS CURRENT LIABILITIES 206,881 403,871
Creditors: Amounts Falling Due After More Than One Year 7 - (216,014 )
NET ASSETS 206,881 187,857
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 206,880 187,856
SHAREHOLDERS' FUNDS 206,881 187,857
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Athanasios Missaikos
Director
17th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Quintica Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08196802 . The registered office is 2 Stone Buildings, Lincoln's Inn, London, WC2A 3TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 88,939 29,221
Due after more than one year
Other debtors 541,484 553,796
630,423 583,017
5. Current Asset Investments
2023 2022
£ £
Shares in subsidiaries - 170,000
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Page 4
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 42,755 -
Amounts owed to group undertakings 378,386 362,173
Other creditors 2,401 2,281
423,542 364,454
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Other creditors - 216,014
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
As at 31/12/2023 the company owed £246,852 (2022 - £233,772) to a group company. This amount is included in amounts owed to group undertakings and is unsecured, repayable on demand, and non-interest bearing.
As at 31/12/2023 the company owed £131,534 (2022 - £128,402) to a group company. This amount is included in amounts owed to group undertakings and is unsecured, repayable on demand, and non-interest bearing.
During the year, the company disposed of 100% of the share capital of Quintica International Limited for £1 to a group company. The unpaid share capital owing to this subsidiary of £216,014 was written off.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Quintica International Limited . Quintica International Limited is incorporated in Mauritius.
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