Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13249502 2023-04-01 2024-03-31 13249502 2022-04-01 2023-03-31 13249502 2024-03-31 13249502 2023-03-31 13249502 c:Director1 2023-04-01 2024-03-31 13249502 c:RegisteredOffice 2023-04-01 2024-03-31 13249502 d:CurrentFinancialInstruments 2024-03-31 13249502 d:CurrentFinancialInstruments 2023-03-31 13249502 d:Non-currentFinancialInstruments 2024-03-31 13249502 d:Non-currentFinancialInstruments 2023-03-31 13249502 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13249502 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13249502 d:ShareCapital 2024-03-31 13249502 d:ShareCapital 2023-03-31 13249502 d:RetainedEarningsAccumulatedLosses 2024-03-31 13249502 d:RetainedEarningsAccumulatedLosses 2023-03-31 13249502 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13249502 c:OrdinaryShareClass1 2024-03-31 13249502 c:OrdinaryShareClass1 2023-03-31 13249502 c:FRS102 2023-04-01 2024-03-31 13249502 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13249502 c:FullAccounts 2023-04-01 2024-03-31 13249502 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13249502 2 2023-04-01 2024-03-31 13249502 6 2023-04-01 2024-03-31 13249502 3 2024-03-31 13249502 f:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 13249502










QUARTZ CAP LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
QUARTZ CAP LTD
 

COMPANY INFORMATION


Director
Mr M Matias 




Registered number
13249502



Registered office
6 Duke Street St James's

London

SW1Y 6BN




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
QUARTZ CAP LTD
REGISTERED NUMBER: 13249502

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 5 
8,694
8,329

Debtors: amounts falling due within one year
 5 
11,885
12,514

Bank and cash balances
  
197
28

  
20,776
20,871

Creditors: amounts falling due within one year
 6 
(25,703)
(20,081)

Net current (liabilities)/assets
  
 
 
(4,927)
 
 
790

Total assets less current liabilities
  
(4,927)
790

  

Net (liabilities)/assets
  
(4,927)
790


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(4,931)
786

  
(4,927)
790


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 March 2025.




Mr M Matias
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
QUARTZ CAP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Quartz Cap Ltd is a private company, limited by shares, domiciled in England and Wales with a registration number 13249502. The registered office is 6 Duke Street St James's, London, England, SW1Y 6BN. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The finanical statements have been prepared on a going concern basis. The director has confirmed that they will continue to support the company financially and believe that, due to this support and improvement in trade after the balance sheet date, the company retains enough working capital to remain trading for the foreseeable future. 

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 
QUARTZ CAP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.9

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 3

 
QUARTZ CAP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 April 2023
4,128



At 31 March 2024

4,128



Impairment


At 1 April 2023
4,128



At 31 March 2024

4,128



Net book value



At 31 March 2024
-


5.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
8,694
8,329

8,694
8,329


2024
2023
£
£

Due within one year

Other debtors
10,786
10,786

Prepayments and accrued income
1,099
1,728

11,885
12,514


Page 4

 
QUARTZ CAP LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
109

Trade creditors
-
5,340

Other creditors
23,543
5,932

Accruals and deferred income
2,160
8,700

25,703
20,081



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



4 (2023 - 4) Ordinairy shares of £1.00 each
4
4



Page 5