COMPANY REGISTRATION NUMBER:
07616960
Filleted Unaudited Financial Statements |
|
31 December 2023
Fixed assets
Investments |
5 |
250,010 |
250,010 |
|
|
|
|
Current assets
Cash at bank and in hand |
186 |
186 |
|
|
|
Creditors: amounts falling due within one year |
6 |
365 |
365 |
|
---- |
---- |
Net current liabilities |
179 |
179 |
|
--------- |
--------- |
Total assets less current liabilities |
249,831 |
249,831 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
249,731 |
249,731 |
|
--------- |
--------- |
Shareholder funds |
249,831 |
249,831 |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
24 July 2024
, and are signed on behalf of the board by:
Rachel Manchester |
|
Director |
|
|
|
Company registration number:
07616960
Notes to the Financial Statements |
|
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is c/o Geary Partnership, Chartered accountants, 159a Chase Side, Enfield, Middlesex, EN2 0PW.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis unless otherwise specified within these accounting policies. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b)
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
(c)
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
(d)
Investments
Investments in subsidiaries are stated at cost less accumulated impairment.
(e)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employees
The company has no employees other than its director.
5.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 January 2023 and 31 December 2023 |
250,010 |
|
--------- |
Impairment |
|
At 1 January 2023 and 31 December 2023 |
– |
|
--------- |
|
|
Carrying amount |
|
At 31 December 2023 |
250,010 |
|
--------- |
At 31 December 2022 |
250,010 |
|
--------- |
|
|
The following is a subsidiary undertaking of the company:
Name: Quadrilect Limited
Registered in England and Wales
Principal activity: Facilities management training
Class of shares: Ordinary £1
Holding: 100%
The aggregate of the share capital and reserves of Quadrilect Limited at 31 December 2023 was £165,359 (2022 - £130,768) and its profit for the year ended 31 December 2023 was £34,591 (2022 - £32,598).
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Corporation tax |
– |
365 |
Amounts owed to director (R Manchester) |
365 |
– |
|
---- |
---- |
|
365 |
365 |
|
---- |
---- |
|
|
|