IRIS Accounts Production v24.3.2.46 SC110105 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1101052023-04-30SC1101052024-04-30SC1101052023-05-012024-04-30SC1101052022-04-30SC1101052022-05-012023-04-30SC1101052023-04-30SC110105ns15:Scotland2023-05-012024-04-30SC110105ns14:PoundSterling2023-05-012024-04-30SC110105ns10:Director12023-05-012024-04-30SC110105ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC110105ns10:SmallEntities2023-05-012024-04-30SC110105ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC110105ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC110105ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC110105ns10:FullAccounts2023-05-012024-04-30SC11010512023-05-012024-04-30SC110105ns10:Director22023-05-012024-04-30SC110105ns10:Director32023-05-012024-04-30SC110105ns10:Director42023-05-012024-04-30SC110105ns10:Director52023-05-012024-04-30SC110105ns10:RegisteredOffice2023-05-012024-04-30SC110105ns5:CurrentFinancialInstruments2024-04-30SC110105ns5:CurrentFinancialInstruments2023-04-30SC110105ns5:Non-currentFinancialInstruments2024-04-30SC110105ns5:Non-currentFinancialInstruments2023-04-30SC110105ns5:ShareCapital2024-04-30SC110105ns5:ShareCapital2023-04-30SC110105ns5:RevaluationReserve2024-04-30SC110105ns5:RevaluationReserve2023-04-30SC110105ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-30SC110105ns5:ComputerSoftware2023-05-012024-04-30SC110105ns5:FurnitureFittings2023-05-012024-04-30SC110105ns5:MotorVehicles2023-05-012024-04-30SC110105ns5:ComputerEquipment2023-05-012024-04-30SC110105ns5:ComputerSoftware2023-04-30SC110105ns5:ComputerSoftware2024-04-30SC110105ns5:ComputerSoftware2023-04-30SC110105ns5:FurnitureFittings2023-04-30SC110105ns5:MotorVehicles2023-04-30SC110105ns5:ComputerEquipment2023-04-30SC110105ns5:FurnitureFittings2024-04-30SC110105ns5:MotorVehicles2024-04-30SC110105ns5:ComputerEquipment2024-04-30SC110105ns5:FurnitureFittings2023-04-30SC110105ns5:MotorVehicles2023-04-30SC110105ns5:ComputerEquipment2023-04-30SC110105ns5:CostValuation2023-04-30SC110105ns5:RevaluationsIncreaseDecreaseInInvestments2024-04-30SC110105ns5:CostValuation2024-04-30SC110105ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-30SC110105ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30SC110105ns5:WithinOneYear2024-04-30SC110105ns5:WithinOneYear2023-04-30SC110105ns5:BetweenOneFiveYears2024-04-30SC110105ns5:BetweenOneFiveYears2023-04-30SC110105ns5:AllPeriods2024-04-30SC110105ns5:AllPeriods2023-04-30SC110105ns5:Secured2024-04-30SC110105ns5:Secured2023-04-30SC110105ns5:RevaluationReserve2023-04-30SC110105ns5:RevaluationReserve2023-05-012024-04-30SC1101051ns10:Director12023-04-30SC1101051ns10:Director12022-04-30SC1101051ns10:Director12023-05-012024-04-30SC1101051ns10:Director12022-05-012023-04-30SC1101051ns10:Director12024-04-30SC1101051ns10:Director12023-04-30SC110105ns10:Director222023-04-30SC110105ns10:Director222022-04-30SC110105ns10:Director222023-05-012024-04-30SC110105ns10:Director222022-05-012023-04-30SC110105ns10:Director222024-04-30SC110105ns10:Director222023-04-30SC110105ns10:Director332023-04-30SC110105ns10:Director332022-04-30SC110105ns10:Director332023-05-012024-04-30SC110105ns10:Director332022-05-012023-04-30SC110105ns10:Director332024-04-30SC110105ns10:Director332023-04-30SC110105ns10:Director442023-04-30SC110105ns10:Director442022-04-30SC110105ns10:Director442023-05-012024-04-30SC110105ns10:Director442022-05-012023-04-30SC110105ns10:Director442024-04-30SC110105ns10:Director442023-04-30
REGISTERED NUMBER: SC110105 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Quantum Claims Compensation Specialists
Limited

Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quantum Claims Compensation Specialists
Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr G A Clark
Mr P M Lefevre
Mr J W Symon
Miss T C Lefevre
Miss J L Lefevre





REGISTERED OFFICE: 40 Carden Place
Aberdeen
AB10 1UP





REGISTERED NUMBER: SC110105 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 270 1,470
Tangible assets 5 10,115 11,662
Investments 6 140,254 140,025
Investment property 7 4,427,000 4,427,000
4,577,639 4,580,157

CURRENT ASSETS
Stocks 100,259 142,816
Debtors 8 4,898,332 2,819,515
Cash at bank and in hand 1,855,629 3,944,149
6,854,220 6,906,480
CREDITORS
Amounts falling due within one year 9 1,348,271 1,507,244
NET CURRENT ASSETS 5,505,949 5,399,236
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,083,588

9,979,393

CREDITORS
Amounts falling due after more than one
year

10

(846,127

)

(901,410

)

PROVISIONS FOR LIABILITIES - (127,298 )
NET ASSETS 9,237,461 8,950,685

CAPITAL AND RESERVES
Called up share capital 102,000 102,000
Other reserves 13 (750,842 ) (659,435 )
Retained earnings 9,886,303 9,508,120
SHAREHOLDERS' FUNDS 9,237,461 8,950,685

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

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

The directors acknowledge their 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.

Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





Mr G A Clark - Director


Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Quantum Claims Compensation Specialists Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued by the directors after taking account of fees received by the company subsequent to the financial year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 May 2023
and 30 April 2024 6,000
AMORTISATION
At 1 May 2023 4,530
Amortisation for year 1,200
At 30 April 2024 5,730
NET BOOK VALUE
At 30 April 2024 270
At 30 April 2023 1,470

Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 270,791 5,500 22,960 299,251
Additions 2,188 - - 2,188
At 30 April 2024 272,979 5,500 22,960 301,439
DEPRECIATION
At 1 May 2023 261,191 5,299 21,099 287,589
Charge for year 2,357 51 1,327 3,735
At 30 April 2024 263,548 5,350 22,426 291,324
NET BOOK VALUE
At 30 April 2024 9,431 150 534 10,115
At 30 April 2023 9,600 201 1,861 11,662

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 140,025
Revaluations 229
At 30 April 2024 140,254
NET BOOK VALUE
At 30 April 2024 140,254
At 30 April 2023 140,025

Cost or valuation at 30 April 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2018 1 6,302 6,303
Valuation in 2019 - (898 ) (898 )
Valuation in 2020 (1 ) (3,185 ) (3,186 )
Valuation in 2021 - (191 ) (191 )
Valuation in 2022 - (588 ) (588 )
Valuation in 2023 - 82 82
Valuation in 2024 - 229 229
Cost - 138,503 138,503
- 140,254 140,254

Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 4,427,000
Additions 91,407
Revaluations (91,407 )
At 30 April 2024 4,427,000
NET BOOK VALUE
At 30 April 2024 4,427,000
At 30 April 2023 4,427,000

The directors are of the opinion that here has been no material change to the property values as at the year end date.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2016 (732,961 )
Valuation in 2017 (1,939 )
Valuation in 2019 167,000
Valuation in 2023 (94,698 )
Valuation in 2024 (91,407 )
Cost 5,181,005
4,427,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 4,332,211 2,285,769
Other debtors 566,121 533,746
4,898,332 2,819,515

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 55,999 58,735
Trade creditors 3,562 13,400
Taxation and social security 388,581 393,946
Other creditors 900,129 1,041,163
1,348,271 1,507,244

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 846,127 901,410

Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.24 30.4.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 558,884 118,512

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.24 30.4.23
£    £   
Within one year 4,884 6,512
Between one and five years - 4,884
4,884 11,396

12. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 902,126 960,145

Bank borrowings are secured by a standard security over the company's heritable property at 70 & 72 Carden Place, Aberdeen; 42/42a/42b Albyn Place, Aberdeen; 1 Tomnahurich Street, Inverness; 90 Battlefield Road, Glasgow; 1 South Tay Street, Dundee; 4/4a Randolph Place, Edinburgh; 70 West Regent Street, Glasgow; by cross letters of guarantee and letter of consent between Quantum Claims Compensation Specialists Limited and Albervic Limited; and by a bond and floating charge over all of the company's assets.

13. RESERVES
Other
reserves
£   
At 1 May 2023 (659,435 )
Transfer between reserves (91,407 )

At 30 April 2024 (750,842 )

Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Mr F H Lefevre
Balance outstanding at start of year - 50,357
Amounts advanced - 169,464
Amounts repaid - (219,821 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr G A Clark
Balance outstanding at start of year 9,768 15,960
Amounts advanced 17,197 6,140
Amounts repaid (9,450 ) (12,332 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,515 9,768

Mr P M Lefevre
Balance outstanding at start of year (666 ) (3,340 )
Amounts advanced 23,434 8,451
Amounts repaid (26,750 ) (5,777 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,982 ) (666 )

Mr J W Symon
Balance outstanding at start of year (193 ) 70
Amounts advanced 262,843 -
Amounts repaid (219,359 ) (263 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,291 (193 )

Miss T C Lefevre
Balance outstanding at start of year 33,108 2,808
Amounts advanced - 33,070
Amounts repaid (2,700 ) (2,770 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,408 33,108

Quantum Claims Compensation Specialists
Limited (Registered number: SC110105)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

15. RELATED PARTY DISCLOSURES

During the year £41,000 (2023 - £34,000) of rental income was received from Archer Knight (Holdings) Limited, a company registered in Scotland, of which Quantum Claims Compensation Specialists Limited are a shareholder.

Included in Other Debtors is a loan to Bender Dating Limited of £129,500 (2023 - £99,500), a company registered in Scotland in which Mr G A Clark and Mr P M Lefevre are directors.

Included in Other Creditors is £1,568 owed to Mr F H Lefevre who resigned as director on 19 April 2023.

16. ULTIMATE CONTROLLING PARTY

The company believes there is no one controlling party.