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Company Registration No. 11735802 (England and Wales)
Cyber Quarter Limited Unaudited accounts for the year ended 31 July 2024
Cyber Quarter Limited Unaudited accounts Contents
Page
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Cyber Quarter Limited Company Information for the year ended 31 July 2024
Directors
Ross Cook Rachael Hart
Company Number
11735802 (England and Wales)
Registered Office
Herefordshire Council County Offices Plough Lane Hereford Herefordshire HR4 0LE England
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Cyber Quarter Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,104,611 
7,600,244 
Current assets
Debtors
17,488 
36,367 
Cash at bank and in hand
- 
53,574 
17,488 
89,941 
Creditors: amounts falling due within one year
(20,553)
(439,963)
Net current liabilities
(3,065)
(350,022)
Total assets less current liabilities
4,101,546 
7,250,222 
Creditors: amounts falling due after more than one year
(4,681,580)
(6,310,003)
Net (liabilities)/assets
(580,034)
940,219 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(580,134)
940,119 
Shareholders' funds
(580,034)
940,219 
For the year ending 31 July 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by
Ross Cook Director Company Registration No. 11735802
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Cyber Quarter Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Cyber Quarter Limited is a private company, limited by shares, registered in England and Wales, registration number 11735802. The registered office is Herefordshire Council, County Offices, Plough Lane, Hereford, Herefordshire, HR4 0LE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
50 years
Computer equipment
4-7 years
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
7,881,567 
340,495 
8,222,062 
Revaluations
(3,881,567)
- 
(3,881,567)
At 31 July 2024
4,000,000 
340,495 
4,340,495 
Depreciation
At 1 August 2023
449,189 
172,629 
621,818 
Charge for the year
157,565 
63,255 
220,820 
Surplus on revaluation
(606,754)
- 
(606,754)
At 31 July 2024
- 
235,884 
235,884 
Net book value
At 31 July 2024
4,000,000 
104,611 
4,104,611 
At 31 July 2023
7,432,378 
167,866 
7,600,244 
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Cyber Quarter Limited Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,002 
8,286 
Accrued income and prepayments
8,486 
28,081 
17,488 
36,367 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
4,348 
Trade creditors
- 
2,192 
Amounts owed to group undertakings and other participating interests
2,325 
402,907 
Other creditors
2,094 
2,094 
Accruals
16,134 
28,422 
20,553 
439,963 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
4,681,580 
6,310,003 
Aggregate of amounts that fall due for payment after five years
4,199,987 
5,701,225 
The loan is repayable over 30 years. Interest is fixed at 5.99%,
8
Transactions with related parties
During the year ended 31 July 2024, the company purchased/incurred £88,539 (2023: £126,085) of services/charges from Herefordshire Council and owed £4,683,905 (2023: £4,417,002) to Herefordshire Council at the year end. The amount owed relates to a loan.
9
Controlling party
The company is now a wholly owned subsidiary of Herefordshire Council. The Council acquired the University of Wolverhampton's 81% shareholding in July 2024. Registered office of the parent company: Herefordshire Council Plough Lane Hereford Herefordshire HR4 0LE
10
Average number of employees
During the year the average number of employees was 3 (2023: 5).
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