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REGISTERED NUMBER: 11279059 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Quantum Age Limited

Quantum Age Limited (Registered number: 11279059)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quantum Age Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: V Chhabra





REGISTERED OFFICE: Two Jays
6 Orchard Close
Maidenhead
Middlesex
SL6 2QX





REGISTERED NUMBER: 11279059 (England and Wales)





ACCOUNTANTS: SK Associates Ltd
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX

Quantum Age Limited (Registered number: 11279059)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 511,126 490,607

CURRENT ASSETS
Prepayments and accrued income 4,192 4,490
Cash at bank and in hand 6,483 9,852
10,675 14,342
CREDITORS
Amounts falling due within one year 5 271,740 259,290
NET CURRENT LIABILITIES (261,065 ) (244,948 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,061

245,659

CREDITORS
Amounts falling due after more than
one year

6

(129,230

)

(129,230

)

PROVISIONS FOR LIABILITIES (18,477 ) (18,477 )
NET ASSETS 102,354 97,952

Quantum Age Limited (Registered number: 11279059)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 78,768 78,768
Retained earnings 23,486 19,084
102,354 97,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





V Chhabra - Director


Quantum Age Limited (Registered number: 11279059)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Quantum Age Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Quantum Age Limited (Registered number: 11279059)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023 490,607
Additions 20,519
At 31 March 2024 511,126
NET BOOK VALUE
At 31 March 2024 511,126
At 31 March 2023 490,607

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,065 4,065
Trade creditors - 1
Taxation and social security 1,032 153
Other creditors 266,643 255,071
271,740 259,290

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 129,230 129,230

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 133,295 133,295

Quantum Age Limited (Registered number: 11279059)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Revaluatio
reserve
£   
At 1 April 2023
and 31 March 2024 78,768

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
V Chhabra
Balance outstanding at start of year 179,784 166,610
Amounts advanced 5,862 13,174
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 185,646 179,784

10. RELATED PARTY DISCLOSURES

At the balance sheet date included in others creditors was a loan of £75,929 (2023 - £75,029) from a company under the common control of the director. The loan is unsecured, interest free and repayable on demand.