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REGISTERED NUMBER: 07179875 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

NEW QUADRANT PARTNERS LIMITED

NEW QUADRANT PARTNERS LIMITED (REGISTERED NUMBER: 07179875)

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


NEW QUADRANT PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Ms L J Stoten
Mr G Borzellino
Mrs A E L Koerling





REGISTERED OFFICE: 25 Bury Street
St. James's
London
SW1Y 6AL





REGISTERED NUMBER: 07179875 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

NEW QUADRANT PARTNERS LIMITED (REGISTERED NUMBER: 07179875)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,222,227 1,344,449
Tangible assets 5 33,645 11,655
Investments 6 101,501 101,501
1,357,373 1,457,605

CURRENT ASSETS
Amounts recoverable from clients in respect
of unbilled work

196,002

251,132
Debtors 7 825,799 936,612
1,021,801 1,187,744
CREDITORS
Amounts falling due within one year 8 1,369,108 1,540,142
NET CURRENT LIABILITIES (347,307 ) (352,398 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,066

1,105,207

CREDITORS
Amounts falling due after more than one
year

9

100,000

233,333
NET ASSETS 910,066 871,874

CAPITAL AND RESERVES
Called up share capital 65,103 60,100
Share premium 1,027,386 982,373
Retained earnings (182,423 ) (170,599 )
SHAREHOLDERS' FUNDS 910,066 871,874

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.

NEW QUADRANT PARTNERS LIMITED (REGISTERED NUMBER: 07179875)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Mr G Borzellino - Director


NEW QUADRANT PARTNERS LIMITED (REGISTERED NUMBER: 07179875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

New Quadrant Partners Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover, which is stated net of value added tax, represents the value of management services and professional services provided to clients during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised over its estimated useful life of 20 years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

Amounts recoverable from clients in respect of unbilled work performed
Services provided during the year to clients that at the balance sheet date have not yet been billed are recognised as turnover. Turnover is recognised by reference to an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement.

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.


NEW QUADRANT PARTNERS LIMITED (REGISTERED NUMBER: 07179875)

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 22 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 4,000,000
AMORTISATION
At 1 May 2023 2,655,551
Charge for year 122,222
At 30 April 2024 2,777,773
NET BOOK VALUE
At 30 April 2024 1,222,227
At 30 April 2023 1,344,449

NEW QUADRANT PARTNERS LIMITED (REGISTERED NUMBER: 07179875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 30,387 12,335 42,722
Additions 12,377 15,523 27,900
At 30 April 2024 42,764 27,858 70,622
DEPRECIATION
At 1 May 2023 20,996 10,071 31,067
Charge for year 3,244 2,666 5,910
At 30 April 2024 24,240 12,737 36,977
NET BOOK VALUE
At 30 April 2024 18,524 15,121 33,645
At 30 April 2023 9,391 2,264 11,655

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 101,501
NET BOOK VALUE
At 30 April 2024 101,501
At 30 April 2023 101,501

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 540,903 701,617
Other debtors 15 58
Prepayments and accrued income 284,881 234,937
825,799 936,612

NEW QUADRANT PARTNERS LIMITED (REGISTERED NUMBER: 07179875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 10) 462,634 463,471
Other loans (see note 10) 143,523 157,067
Trade creditors 111,855 65,472
Amounts owed to group undertakings 100,408 100,351
Tax - 19,071
Social security and other taxes 57,534 57,705
VAT 103,115 144,991
Other creditors 18,583 231,288
Accruals and deferred income 371,456 300,726
1,369,108 1,540,142

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 10) 100,000 233,333

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 329,301 330,138
Bank loans 133,333 133,333
Other loans 143,523 157,067
606,157 620,538

Amounts falling due between one and two years:
Bank loans - 1-2 years 100,000 133,333

Amounts falling due between two and five years:
Bank loans - 2-5 years - 100,000

The company received a loan under the Coronavirus Business Interruption Loan scheme during the year ended 30th April 2021. Under this scheme the Government guarantees 80% of the loan and to pay interest for the first year. No repayments are required to be made in the first six months. From August 2021 the loan is being repaid monthly over 54 months with interest charged at 4.25% over base rate.