Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsefalse22023-07-01falseActivities of open-ended investment companies. 10183657 2023-07-01 2024-12-31 10183657 2022-07-01 2023-06-30 10183657 2024-12-31 10183657 2023-06-30 10183657 c:Director1 2023-07-01 2024-12-31 10183657 d:CurrentFinancialInstruments 2024-12-31 10183657 d:CurrentFinancialInstruments 2023-06-30 10183657 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10183657 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10183657 d:ShareCapital 2024-12-31 10183657 d:ShareCapital 2023-06-30 10183657 d:RetainedEarningsAccumulatedLosses 2024-12-31 10183657 d:RetainedEarningsAccumulatedLosses 2023-06-30 10183657 c:FRS102 2023-07-01 2024-12-31 10183657 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-12-31 10183657 c:FullAccounts 2023-07-01 2024-12-31 10183657 c:PrivateLimitedCompanyLtd 2023-07-01 2024-12-31 10183657 2 2023-07-01 2024-12-31 10183657 6 2023-07-01 2024-12-31 10183657 e:PoundSterling 2023-07-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 10183657









QAL POLAND LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024

 
QAL POLAND LIMITED
REGISTERED NUMBER: 10183657

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
30 June
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
22,954

  
-
22,954

Current assets
  

Debtors: amounts falling due within one year
 5 
179
3,792,139

  
179
3,792,139

Creditors: amounts falling due within one year
 6 
-
(2,407,718)

Net current assets
  
 
 
179
 
 
1,384,421

Total assets less current liabilities
  
179
1,407,375

  

Net assets
  
179
1,407,375


Capital and reserves
  

Called up share capital 
  
179
179

Profit and loss account
  
-
1,407,196

  
179
1,407,375


Page 1

 
QAL POLAND LIMITED
REGISTERED NUMBER: 10183657
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 comprehensive income 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 19 February 2025.




S Houri
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
QAL POLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

QAL Poland Limited is a company limited by shares, incorporated in England and Wales.
The principal activity of the company is that of investment activities.

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

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.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Interest income

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

 
2.4

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.

Page 3

 
QAL POLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

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 balance sheet date in the countries where the Company operates and generates income.


 
2.6

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

Page 4

 
QAL POLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Fixed asset investments








Investments in subsidiary companies

£





At 1 July 2023
22,954


Amounts written off
(22,954)



At 31 December 2024
-





5.


Debtors

31 December
30 June
2024
2023
£
£


Other debtors
179
3,792,139

179
3,792,139



6.


Creditors: Amounts falling due within one year

31 December
30 June
2024
2023
£
£

Corporation tax
-
140,162

Other creditors
-
2,263,956

Accruals and deferred income
-
3,600

-
2,407,718


Page 5

 
QAL POLAND LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

7.


Related party transactions

At the balance sheet date the company was owed £nil (2023: £3,792,138) by its subsidiary. The company has interest receivable on the loan amounting to £19,326 (2023: £679,899).
At the balance sheet date the company was owed £179 (2023: owed £2,205,956 to) by its parent company.
At the balance sheet date the company owed £Nil (2023: £57,482) to its associates. During the year the company was charged interest totalling £1,976 (2023: £1,472) from these companies.
At the balance sheet date the company owed £nil (2023: £495) to companies under common directorship. During the year the company was charged interest totalling £Nil (2023: £278) from these companies.


8.


Controlling party

The company's immediate parent company is Queensway Associates Limited. The company's ultimate controlling party is Palm Tree Properties Limted and Adobe Creek Limited.

 
Page 6