QUALITY FUTURES C.I.C.

Company Registration Number:
09562767 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 1 April 2024

End date: 30 April 2025

QUALITY FUTURES C.I.C.

Contents of the Financial Statements

for the Period Ended 30 April 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

QUALITY FUTURES C.I.C.

Directors' report period ended 30 April 2025

The directors present their report with the financial statements of the company for the period ended 30 April 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 30 April 2025

Michael Jellicoe
Helen Jellicoe


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 May 2025

And signed on behalf of the board by:
Name: Michael Jellicoe
Status: Director

QUALITY FUTURES C.I.C.

Profit And Loss Account

for the Period Ended 30 April 2025

13 months to 30 April 2025 2024


£

£
Turnover: 2,750 0
Cost of sales: ( 1,478 ) 0
Gross profit(or loss): 1,272 0
Administrative expenses: ( 1,338 ) ( 588 )
Operating profit(or loss): (66) (588)
Profit(or loss) before tax: (66) (588)
Profit(or loss) for the financial year: (66) (588)

QUALITY FUTURES C.I.C.

Balance sheet

As at 30 April 2025

Notes 13 months to 30 April 2025 2024


£

£
Current assets
Stocks: 3 1,479
Cash at bank and in hand: 93 390
Total current assets: 93 1,869
Prepayments and accrued income: 841
Creditors: amounts falling due within one year: 4 ( 6,982 ) ( 9,532 )
Net current assets (liabilities): (6,889) (6,822)
Total assets less current liabilities: (6,889) ( 6,822)
Total net assets (liabilities): (6,889) (6,822)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (6,989 ) (6,922 )
Total Shareholders' funds: ( 6,889 ) (6,822)

The notes form part of these financial statements

QUALITY FUTURES C.I.C.

Balance sheet statements

For the year ending 30 April 2025 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 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.

This report was approved by the board of directors on 2 May 2025
and signed on behalf of the board by:

Name: Michael Jellicoe
Status: Director

The notes form part of these financial statements

QUALITY FUTURES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover reports the income arising to the CIC from sales of its products and services and is stated net of vat if applicable.

    Valuation information and policy

    Valuation of assets is at the lower of costs and their expected net realisable value.

QUALITY FUTURES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    13 months to 30 April 2025 2024
    Average number of employees during the period 0 0

QUALITY FUTURES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Stocks

13 months to 30 April 2025 2024
£ £
Stocks 1,479
Total   1,479

QUALITY FUTURES C.I.C.

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Creditors: amounts falling due within one year note

13 months to 30 April 2025 2024
£ £
Other creditors 6,982 9,532
Total 6,982 9,532

COMMUNITY INTEREST ANNUAL REPORT

QUALITY FUTURES C.I.C.

Company Number: 09562767 (England and Wales)

Year Ending: 30 April 2025

Company activities and impact

The company sought to help the community through a systems based approach that recognises that we are all nested in a wider community and our actions both influence the community and are influenced by it. We had undertaken one substantive project. This was a course combining an online element with a subsequent workshop. It was aimed at building an integrated approach to health and social care using resources in the local community; it was aimed at GP practices but can be adapted if required. It is unusual in that the course leads to bottom up initiatives which we believe will result in more robust solutions that result in enduring benefits to the communities that adopt this approach. Despite attempts the CIC was unable to find anyone interested in taking up this course and so the directors decided on 30 April to strike off the company. The company agreed that the directors would purchase the Intellectual property rights for the course at its estimated market value of £2,750. Any surplus on disposal of the remaining assets would be gifted to charity to respect the asset lock

Consultation with stakeholders

The company's stakeholders would have been health providers to the local community. Unfortunately no-one had taken up the product and the directors cannot justify ongoing loans they make to the CIC to keep it operational. They therefore decided to cease operations

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 May 2025

And signed on behalf of the board by:
Name: Michael Jellicoe
Status: Director