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REGISTERED NUMBER: 06068063 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024


FOR



Q HOLDINGS NORWICH LIMITED


Q HOLDINGS NORWICH LIMITED (REGISTERED NUMBER: 06068063)


ABRIDGED BALANCE SHEET

30 June 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Investments

5

1,235,912


1,235,912




CURRENT ASSETS

Debtors

490


362,024



Cash at bank

327,884


893,750



328,374


1,255,774



CREDITORS

Amounts falling due within one year

12,942


345,571



NET CURRENT ASSETS

315,432


910,203



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,551,344


2,146,115




RESERVES

Share premium

122,186


127,360



Capital redemption reserve

26


-



Called up share capital

614


640



Retained earnings

1,428,518


2,018,115



SHAREHOLDERS' FUNDS

1,551,344


2,146,115




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges her 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.


Q HOLDINGS NORWICH LIMITED (REGISTERED NUMBER: 06068063)


ABRIDGED BALANCE SHEET - continued

30 June 2024



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 Balance sheet for the year ended 30 June 2024 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 director and authorised for issue on 17 January 2025 and were signed by:






K E Asbury - Director



Q HOLDINGS NORWICH LIMITED (REGISTERED NUMBER: 06068063)


NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 June 2024


1.

STATUTORY INFORMATION



Q Holdings Norwich Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06068063 and the registered office is 6 Lansdowne Road, Norwich, Norfolk, NR6 6NF.



The presentation currency of the financial statements is sterling.


2.

STATEMENT OF COMPLIANCE



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.  


3.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements have been prepared under the historical cost convention.



Preparation of consolidated financial statements

The financial statements contain information about Q Holdings Norwich Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.


Turnover


Turnover comprises the value of goods and services invoiced to customers less returns after deducting trade and other discounts and excluding value added tax.



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.


Investments


Fixed asset investments are stated at cost less any provision for diminution in value.


4.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was NIL (2023 - 42 ).


During the year, employees were transferred from the parent company to the subsidiary as part of a restructuring process.


Q HOLDINGS NORWICH LIMITED (REGISTERED NUMBER: 06068063)


NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 June 2024


5.

FIXED ASSET INVESTMENTS



Information on investments other than loans is as follows:


Totals

£   



COST


At 1 July 2023


and 30 June 2024

1,235,912




NET BOOK VALUE


At 30 June 2024

1,235,912




At 30 June 2023

1,235,912




6.

RELATED PARTY DISCLOSURES



The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.