IRIS Accounts Production v24.3.2.46 10269425 director 1.7.23 30.6.24 30.6.24 true false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102694252023-06-30102694252024-06-30102694252023-07-012024-06-30102694252022-06-30102694252022-07-012023-06-30102694252023-06-3010269425ns15:EnglandWales2023-07-012024-06-3010269425ns14:PoundSterling2023-07-012024-06-3010269425ns10:Director12023-07-012024-06-3010269425ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010269425ns10:SmallEntities2023-07-012024-06-3010269425ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3010269425ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010269425ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010269425ns10:FullAccounts2023-07-012024-06-3010269425ns10:OrdinaryShareClass12023-07-012024-06-3010269425ns10:CompanySecretary12023-07-012024-06-3010269425ns10:RegisteredOffice2023-07-012024-06-3010269425ns5:CurrentFinancialInstruments2024-06-3010269425ns5:CurrentFinancialInstruments2023-06-3010269425ns5:ShareCapital2024-06-3010269425ns5:ShareCapital2023-06-3010269425ns5:RetainedEarningsAccumulatedLosses2024-06-3010269425ns5:RetainedEarningsAccumulatedLosses2023-06-3010269425ns5:CostValuation2023-06-3010269425ns5:Subsidiary12023-07-012024-06-30102694251ns5:Subsidiary12023-07-012024-06-3010269425ns5:Subsidiary22023-07-012024-06-3010269425ns5:Subsidiary232023-07-012024-06-3010269425ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3010269425ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3010269425ns5:CurrentFinancialInstruments2023-07-012024-06-3010269425ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 10269425 (England and Wales)















QUORNCROFT HOLDINGS LIMITED

Unaudited Financial Statements for the Year Ended 30 June 2024






QUORNCROFT HOLDINGS LIMITED (REGISTERED NUMBER: 10269425)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


QUORNCROFT HOLDINGS LIMITED

Company Information
for the year ended 30 June 2024







Director: I Moorcroft





Secretary: W Moorcroft





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 10269425 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

QUORNCROFT HOLDINGS LIMITED (REGISTERED NUMBER: 10269425)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investments 4 100 100

Current assets
Debtors 5 67,830 21,331
Cash at bank 123,370 576,258
191,200 597,589
Creditors
Amounts falling due within one year 6 191,100 229,778
Net current assets 100 367,811
Total assets less current liabilities 200 367,911

Capital and reserves
Called up share capital 7 200 200
Retained earnings - 367,711
Shareholders' funds 200 367,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





I Moorcroft - Director


QUORNCROFT HOLDINGS LIMITED (REGISTERED NUMBER: 10269425)

Notes to the Financial Statements
for the year ended 30 June 2024

1. Statutory information

Quorncroft Holdings Limited is a private company, incorporated and domiciled in the United Kingdom. The address of its registered office is 3rd Floor, 86 - 90 Paul Street, London, England, EC2A 4NE

The financial statements are prepared in Sterling (£) which is the functional currency of the company. The financial statements are for the year ended 30 June 2024 (2023: year ended 30 June 2023).

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

Going concern

The company has received confirmation of continuing financial support from the ultimate controlling party, which confirms that it will provide sufficient funds for the company to meet its financial obligations for a period of at least twelve months from the date of these financial statements. On that basis, the directors have prepared these financial statements on a going concern basis.

Preparation of consolidated financial statements
The financial statements contain information about Quorncroft Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company, and the group it heads, qualify as small as set out in section 383 of the Companies Act 2006 and therefore, the parent and group are considered eligible for the exemption to prepare consolidated accounts.

Investments in subsidiaries
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the statement of income and retained earnings.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans with related parties and investments in ordinary shares.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the reporting date.

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 and directors

The average number of employees during the year was 1 (2023 - 1 ) .

QUORNCROFT HOLDINGS LIMITED (REGISTERED NUMBER: 10269425)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 July 2023
and 30 June 2024 100
Net book value
At 30 June 2024 100
At 30 June 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Mechanical Contractors (Ashfield) Limited
Registered office: 6 Newlands Court, Attwood Road, Burntwood, Staffordshire, WS7 3GF
Nature of business: Specialised construction activities
%
Class of shares: holding
Ordinary 100.00

ECA Electrical Limited
Registered office: 6 Newlands Court, Attwood Road, Burntwood, Staffordshire, WS7 3GF
Nature of business: Electrical installation
%
Class of shares: holding
Ordinary 100.00

5. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by related parties 13,626 1,131
Other debtors 54,204 20,200
67,830 21,331

The amounts owed from related parties are free from interest, are unsecured, and have no fixed date of repayment.

6. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to related parties 189,100 200,438
Directors' current accounts - 29,340
Accruals and deferred income 2,000 -
191,100 229,778

For the year ended 30 June 2024, £11,338 of balances have been reclassified from 'Directors' current accounts' to 'Amounts owed to related parties'. These reclassifications have been made to accurately reflect the nature of those balances at 30 June 2024. These reclassifications have had no impact on the profit and loss account or total net assets for the current or prior period.

QUORNCROFT HOLDINGS LIMITED (REGISTERED NUMBER: 10269425)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
200 Ordinary shares £1 200 200

8. Director's advances, credits and guarantees

The following advances and credits were made to the director during the years ended 30 June 2024 and 30 June 2023:

20242023
£   £   
I Moorcroft
Amount outstanding at the beginning of the year(29,340)369,714
Amounts advanced63,144435,346
Dividends paid-(566,000)
Amounts repaid-(457,500)
Amounts transferred-189,100
Amount outstanding at the end of the year33,804(29,340)

All amounts outstanding to the director at 30 June 2024 are recognised within other debtors.

9. Related party disclosures

'The company has taken advantage of exemption conferred by FRS 102 section 33 'Related Party Disclosures' not to disclose transactions with companies within the group which it is a member, where these transactions occur between entities which are 100% owned members of that group

The following advances and credits were made to related parties during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   

Amount outstanding at the beginning of the year (199,307 ) 185,845
Amounts advanced 23,833 145,115
Dividends paid - (188,667 )
Amounts repaid - (152,500 )
Amounts transferred - (189,100 )
Amount outstanding at the end of the year (175,474 ) (199,307 )

10. Ultimate controlling party

I Moorcroft is the ultimate controlling party by virtue of his shareholding.