Quantum Chase Limited 12483637 false 2023-03-01 2023-12-31 2023-12-31 The principal activity of the company is that of human resource provision and management of human resource functions. Digita Accounts Production Advanced 6.30.9574.0 true true 12483637 2023-03-01 2023-12-31 12483637 2023-12-31 12483637 core:RetainedEarningsAccumulatedLosses 2023-12-31 12483637 core:ShareCapital 2023-12-31 12483637 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12483637 bus:SmallEntities 2023-03-01 2023-12-31 12483637 bus:AuditExemptWithAccountantsReport 2023-03-01 2023-12-31 12483637 bus:FullAccounts 2023-03-01 2023-12-31 12483637 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2023-12-31 12483637 bus:RegisteredOffice 2023-03-01 2023-12-31 12483637 bus:Director1 2023-03-01 2023-12-31 12483637 bus:PrivateLimitedCompanyLtd 2023-03-01 2023-12-31 12483637 countries:AllCountries 2023-03-01 2023-12-31 12483637 2022-03-01 2023-02-28 12483637 2023-02-28 12483637 core:RetainedEarningsAccumulatedLosses 2023-02-28 12483637 core:ShareCapital 2023-02-28 12483637 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 12483637

Quantum Chase Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 March 2023 to 31 December 2023

 

Quantum Chase Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Quantum Chase Limited

(Registration number: 12483637)
Abridged Balance Sheet as at 31 December 2023

Note

2023
£

2023
£

Current assets

 

Debtors

9,231

7,755

Creditors: Amounts falling due within one year

(37,080)

(39,832)

Net liabilities

 

(27,849)

(32,077)

Capital and reserves

 

Called up share capital

1

1

Profit and loss account

(27,850)

(32,078)

Total equity

 

(27,849)

(32,077)

For the financial period 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 of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 26 September 2024
 

Mr N M Wells

Director

 

Quantum Chase Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 March 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
33a Mall Road
London
W6 9DG
England

These financial statements were authorised for issue by the director on 26 September 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's liabilities as at 31 December 2023, £35,044 is owed to Newton Chase Limited and Webber Chase Limited. The directors of these companies have agreed not to demand repayment of this amount for at least one year after the date of the approval of these accounts to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Quantum Chase Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 March 2023 to 31 December 2023

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).