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Company Registration No. 09955031 (England and Wales)
Quaystone Investments Limited Unaudited accounts for the period from 1 September 2024 to 28 February 2025
Quaystone Investments Limited Unaudited accounts Contents
Page
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Quaystone Investments Limited Company Information for the period from 1 September 2024 to 28 February 2025
Director
J W Traynor
Company Number
09955031 (England and Wales)
Registered Office
Springside Forest Road East Horsley Leatherhead KT24 5AZ
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Quaystone Investments Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
10,216 
Investments
100 
587 
100 
10,803 
Current assets
Inventories
- 
31,279 
Debtors
2,233,782 
1,591,094 
Cash at bank and in hand
70,753 
5,777 
2,304,535 
1,628,150 
Creditors: amounts falling due within one year
(348,388)
(1,068,743)
Net current assets
1,956,147 
559,407 
Net assets
1,956,247 
570,210 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
1,956,047 
570,010 
Shareholders' funds
1,956,247 
570,210 
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 March 2025 and were signed on its behalf by
J W Traynor Director Company Registration No. 09955031
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Quaystone Investments Limited Notes to the Accounts for the period from 1 September 2024 to 28 February 2025
1
Statutory information
Quaystone Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 09955031. The registered office is Springside, Forest Road, East Horsley, Leatherhead, KT24 5AZ.
2
Accounting policies
Accounting convention
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Going concern
Following difficult trading conditions the company ceased trading and a liquidator will be appointed on 11 March 2025. Accordingly, the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes writing down the company's assets to net realisable value. Provision has been made for known costs of terminating the business. No provision has been made for liquidator costs.
Revenue
Revenue, described as management charges, is the value of services (net of VAT) provided to group companies during the year. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time. Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year. Revenue is recognised on the sale of goods when the goods are delivered and title has passed.
Tangible assets
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles
33% per annum straight line
Computer equipment
33% per annum straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is the average cost of the stock held at the balance sheet date. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying value is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit before tax.
Pension costs
The company contributes to a defined benefit small self-administered pension scheme. The pension charge represents the amount payable by the company to the fund in respect of the year.
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Quaystone Investments Limited Notes to the Accounts for the period from 1 September 2024 to 28 February 2025
3
Tangible fixed assets
Land & buildings 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2024
- 
51,050 
4,320 
55,370 
Additions
874,056 
- 
- 
874,056 
Disposals
(874,056)
(51,050)
- 
(925,106)
At 28 February 2025
- 
- 
4,320 
4,320 
Depreciation
At 1 September 2024
- 
42,542 
2,612 
45,154 
Charge for the period
- 
5,874 
1,708 
7,582 
On disposals
- 
(48,416)
- 
(48,416)
At 28 February 2025
- 
- 
4,320 
4,320 
Net book value
At 28 February 2025
- 
- 
- 
- 
At 31 August 2024
- 
8,508 
1,708 
10,216 
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 September 2024
587 
Fair value adjustments
(400)
Disposals
(87)
Valuation at 28 February 2025
100 
The company's investments at the balance sheet date in 100% of the share capital of companies were as shown below. However, as the four dormant companies are being dissolved, their value has been written down to £NIL. Company name and nature of business: SGI Industries Ltd - Sales and Marketing £100 SGI Fix-master Ltd - Dormant - Dissolution application made Maintech Products Ltd - Dormant - Dissolution application made Splash Hogs Ltd - Dormant - Dissolution application made QI Warehousing and Logistics Ltd - Dormant - Dissolution application made
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
810,846 
1,307,035 
Other debtors
1,422,936 
284,059 
2,233,782 
1,591,094 
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Quaystone Investments Limited Notes to the Accounts for the period from 1 September 2024 to 28 February 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
- 
74 
Amounts owed to group undertakings and other participating interests
347,388 
232,960 
Taxes and social security
- 
189,870 
Other creditors
1,000 
313,157 
Loans from directors
- 
332,682 
348,388 
1,068,743 
7
Transactions with related parties
The following material related party transactions have not been conducted under normal market conditions: The amounts owed to group undertakings of £347,388 (2024: £232,960) to subsidiary company, SGI Industries Ltd. These balances are repayable in demand and are not chargeable to interest. The amounts owed by group undertakings of £810,846 (2024: £1,307,035) comprise amounts due from the company's holding company, Quaystone Holdings Ltd. These balances are repayable on demand and are not chargeable to interest. Advances of £NIL (2024: £332,682) at the balance sheet date made by a director of the company is repayable on demand and are not subject to interest.
8
Controlling party
The company is a subsidiary, however, no consolidated financial statements are prepared for any group within which the company is a member.
9
Post balance sheet events
As referred to above a liquidator will be appointed on 11 March 2025 and therefore these accounts should be considered with this in mind. A trading subsidiary, P-Wave Distributors Ltd was sold to a third party on 2 September 2024.
10
Average number of employees
During the period the average number of employees was 0 (2024: 0).
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