Questrum Holdings Limited 01173364 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is property investment, with turnover principally derived from the letting of property. Digita Accounts Production Advanced 6.30.9574.0 true true 01173364 2023-10-01 2024-09-30 01173364 2024-09-30 01173364 bus:OrdinaryShareClass1 2024-09-30 01173364 core:CurrentFinancialInstruments 2024-09-30 01173364 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 01173364 core:FurnitureFittingsToolsEquipment 2024-09-30 01173364 bus:SmallEntities 2023-10-01 2024-09-30 01173364 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01173364 bus:FilletedAccounts 2023-10-01 2024-09-30 01173364 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01173364 bus:RegisteredOffice 2023-10-01 2024-09-30 01173364 bus:Director1 2023-10-01 2024-09-30 01173364 bus:Director3 2023-10-01 2024-09-30 01173364 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 01173364 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01173364 core:FurnitureFittings 2023-10-01 2024-09-30 01173364 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 01173364 countries:England 2023-10-01 2024-09-30 01173364 2023-09-30 01173364 core:FurnitureFittingsToolsEquipment 2023-09-30 01173364 2022-10-01 2023-09-30 01173364 2023-09-30 01173364 bus:OrdinaryShareClass1 2023-09-30 01173364 core:CurrentFinancialInstruments 2023-09-30 01173364 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 01173364 core:FurnitureFittingsToolsEquipment 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01173364

Questrum Holdings Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Questrum Holdings Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Questrum Holdings Limited

Company Information

Directors

Jeanette Bird

Brian Coleman

Registered office

The Annexe
3 Gasden Drive
Witley
Godalming
Surrey
GU8 5QQ

Accountants

Niall McConkey FCCA, AIMS Accountants
Chartered Certified Accountant
Unit 4 Ardington Courtyard
Roke Lane
Witley
Godalming
Surrey
GU8 5NF

 

Questrum Holdings Limited

(Registration number: 01173364)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

638

971

Investment property

7,950,000

8,050,000

 

7,950,638

8,050,971

Current assets

 

Debtors

12,553

48,775

Cash at bank and in hand

 

442,558

440,837

 

455,111

489,612

Prepayments and accrued income

 

14,196

14,302

Creditors: Amounts falling due within one year

(98,615)

(132,301)

Net current assets

 

370,692

371,613

Total assets less current liabilities

 

8,321,330

8,422,584

Provisions for liabilities

(1,050,561)

(948,206)

Accruals and deferred income

 

(1,250)

(1,250)

Net assets

 

7,269,519

7,473,128

Capital and reserves

 

Called up share capital

5

265,910

265,910

Share premium reserve

49,062

49,062

Capital redemption reserve

372,090

372,090

Other reserves

2,490,587

2,490,587

Retained earnings

4,091,870

4,295,479

Shareholders' funds

 

7,269,519

7,473,128

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Questrum Holdings Limited

(Registration number: 01173364)
Abridged Balance Sheet as at 30 September 2024

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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2024 and signed on its behalf by:
 

.........................................
Jeanette Bird
Director

 

Questrum Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
The Annexe
3 Gasden Drive
Witley
Godalming
Surrey
GU8 5QQ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises rental income charged by the company, exclusive of Value Added Tax.

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 income 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.

 

Questrum Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Questrum Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

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

 

Questrum Holdings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

7,114

7,114

At 30 September 2024

7,114

7,114

Depreciation

At 1 October 2023

6,143

6,143

Charge for the year

333

333

At 30 September 2024

6,476

6,476

Carrying amount

At 30 September 2024

638

638

At 30 September 2023

971

971

Investment properties

2024
£

At 1 October

8,050,000

Fair value adjustments

(100,000)

At 30 September

7,950,000


In 2024 the fair value of the investment properties has been arrived at on the basis of a valuation carried out by local land agents. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

265,910

265,910

265,910

265,910