Company Registration No. 13120221 (England and Wales)
Quaystone Holdings Limited
Unaudited accounts
for the period from 1 September 2024 to 28 February 2025
Quaystone Holdings Limited
Unaudited accounts
Contents
Quaystone Holdings Limited
Company Information
for the period from 1 September 2024 to 28 February 2025
Company Number
13120221 (England and Wales)
Registered Office
Springside
Forest Road
East Horsley
Leatherhead
KT24 5AZ
Quaystone Holdings Limited
Statement of financial position
as at 28 February 2025
Investments
810,120
810,120
Cash at bank and in hand
406
966
Creditors: amounts falling due within one year
(810,786)
(810,846)
Net current liabilities
(809,880)
(809,880)
Called up share capital
240
240
Shareholders' funds
240
240
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. 13120221
Quaystone Holdings Limited
Notes to the Accounts
for the period from 1 September 2024 to 28 February 2025
Quaystone Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 13120221. The registered office is Springside, Forest Road, East Horsley, Leatherhead, KT24 5AZ.
These financial statements comply with Financial Reporting Standard 102 Section 1A.
Following difficult group trading conditions the company ceased activities 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.
Any impairment in the unquoted investment will be recognised in arriving at the profit before tax.
3
Investments
Subsidiary undertakings
Valuation at 1 September 2024
810,120
Valuation at 28 February 2025
810,120
The company's investments at the balance sheet date is the purchase price for 40% of the £1 Ordinary share capital of an unquoted company, Quaystone Investments Ltd, the remaining 60% being funded through a share for share exchange. The consideration for newly allotted shares in the company was entirely provided by the transfer of £1 Ordinary shares in Quaystone Investments Ltd to the company.
Amounts falling due after more than one year
Amounts due from group undertakings etc.
500
-
5
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
810,786
773,346
Loans from directors
-
37,500
Quaystone Holdings Limited
Notes to the Accounts
for the period from 1 September 2024 to 28 February 2025
6
Transactions with related parties
The fixed asset investments referred to in Note 3 were acquired from the company's shareholders and directors, also being directors and shareholders of the acquired company, at a market value.
The amounts owed to group undertakings of £810,786 (2024: £773,346) to subsidiary company, Quaystone Investments Ltd, comprise mainly amounts borrowed to acquire the same subsidiary. This balance is repayable on demand and is not chargeable to interest.
The amounts owed by group undertakings of £500 (2024: £NIL) by holding company, Quaystone Group Ltd. This balance is repayable on demand and is not chargeable to interest.
7
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.
The company disposed of 100% of its share capital on 3 September 2024 to a recently incorporated company, Quaystone Group Ltd.
8
Average number of employees
During the period the average number of employees was 0 (2024: 0).