Registered Number 13586816

QV AUDITORS LTD.

Micro-entity Accounts

31 August 2024

QV AUDITORS LTD. Registered Number 13586816

Micro-entity Balance Sheet as at 31 August 2024

Notes 2024 2023
£ £
Called up share capital not paid
10,000
10,000
Fixed Assets
-
-
Current Assets
148
-
Prepayments and accrued income
-
-
Creditors: amounts falling due within one year
0
0
Net current assets (liabilities)
148
0
Total assets less current liabilities
10,148
10,000
Creditors: amounts falling due after more than one year
0
0
Provisions for liabilities
(10,000)
0
Accruals and deferred income
(1,755,555)
0
Total net assets (liabilities)
(1,755,407)
10,000
Capital and reserves
(1,755,407)
10,000
  • For the year ending 31 August 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
  • The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 April 2025

And signed on their behalf by:
Matt Shaw, Director

QV AUDITORS LTD. Registered Number 13586816

Notes to the Micro-entity Accounts for the period ended 31 August 2024

1Employees
2024 2023
Average number of employees during the period 2 0
2Off balance sheet arrangements
Additional Information
During the year, the company transitioned from dormant to active status. The company received investment cash flow of £190,500 and incurred expenses of £197,862, resulting in a net loss of £7,362 for the period.
The company has an exclusive license to process future cases (up to 300,000 in 2025-2026) with a projected potential EBITDA of circa £175 million if this number of new cases are validated and audited or processed. This license represents a significant future value but it s not reflected in the current accounts.

The company also agreed to accept novated assets and liabilities worth £1,575,350.96 from Legal Quest plc, together with 2,809 audited cases which have been partially processed but the agreed fixed audit fees have not yet been paid for. These represent potential future income but are not reflected in the current year accounts as they had not been realized by the year end.