Caseware UK (AP4) 2024.0.164 2024.0.164 2023-12-312025-05-0122023-01-01falseNo description of principal activity3truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09789191 2023-01-01 2023-12-31 09789191 2022-01-01 2022-12-31 09789191 2023-12-31 09789191 2022-12-31 09789191 c:Director1 2023-01-01 2023-12-31 09789191 c:Director3 2023-01-01 2023-12-31 09789191 c:RegisteredOffice 2023-01-01 2023-12-31 09789191 d:OfficeEquipment 2023-01-01 2023-12-31 09789191 d:OfficeEquipment 2023-12-31 09789191 d:OfficeEquipment 2022-12-31 09789191 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09789191 d:ComputerEquipment 2023-01-01 2023-12-31 09789191 d:ComputerEquipment 2023-12-31 09789191 d:ComputerEquipment 2022-12-31 09789191 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09789191 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 09789191 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 09789191 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 09789191 d:CurrentFinancialInstruments 2023-12-31 09789191 d:CurrentFinancialInstruments 2022-12-31 09789191 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 09789191 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09789191 d:ShareCapital 2023-12-31 09789191 d:ShareCapital 2022-12-31 09789191 d:RetainedEarningsAccumulatedLosses 2023-12-31 09789191 d:RetainedEarningsAccumulatedLosses 2022-12-31 09789191 c:FRS102 2023-01-01 2023-12-31 09789191 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09789191 c:FullAccounts 2023-01-01 2023-12-31 09789191 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09789191 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 09789191 2 2023-01-01 2023-12-31 09789191 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-01-01 2023-12-31 09789191 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 09789191










THE Q BRANDS HOUSE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




















 
THE Q BRANDS HOUSE LIMITED
 
 
Company Information


Directors
Sabina Von Arx-Zubler 
Frederic Neefs 




Registered number
09789191



Registered office
6 Grosvenor Street
Mayfair

London

W1K 4PZ





 
THE Q BRANDS HOUSE LIMITED
Registered number: 09789191

Balance sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
79,222
120,155

Tangible assets
 5 
1,027
1,717

  
80,249
121,872

Current assets
  

Debtors: amounts falling due within one year
 6 
17,706
43,522

Cash at bank and in hand
  
86
13,743

  
17,792
57,265

Creditors: amounts falling due within one year
 7 
(5,082,451)
(4,169,679)

Net current liabilities
  
 
 
(5,064,659)
 
 
(4,112,414)

Total assets less current liabilities
  
(4,984,410)
(3,990,542)

  

Net liabilities
  
(4,984,410)
(3,990,542)


Capital and reserves
  

Called up share capital 
  
1,240,000
1,240,000

Profit and loss account
  
(6,224,410)
(5,230,542)

  
(4,984,410)
(3,990,542)


Page 1

 
THE Q BRANDS HOUSE LIMITED
Registered number: 09789191
    
Balance sheet (continued)
As at 31 December 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 May 2025.




Sabina Von Arx-Zubler
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
THE Q BRANDS HOUSE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

1.


General information

The Q. Brands House Limited ("the Company") is a private company limited by share capital, incorporated in the United Kingdom and registered in England and Wales with registratio number 09789191. The address of the registered office is 6 Grosvenor Street, Mayfair, London, W1K 4PZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as it is the intention of the Board of the parent company, The House of Q Brands Holding AG, to continue to provide financial support for the foreseeable future once fundraising is completed.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

Page 3

 
THE Q BRANDS HOUSE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.6

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
THE Q BRANDS HOUSE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%
straight line
Branch computer equipment
-
40%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
THE Q BRANDS HOUSE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 3).

Page 6

 
THE Q BRANDS HOUSE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

4.


Intangible assets




Development expenditure

£



Cost


At 1 January 2023
720,997


Additions
62,561



At 31 December 2023

783,558



Amortisation


At 1 January 2023
600,842


Charge for the year
103,494



At 31 December 2023

704,336



Net book value



At 31 December 2023
79,222



At 31 December 2022
120,155



Page 7

 
THE Q BRANDS HOUSE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

5.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
14,838
2,861
17,699


Additions
-
126
126



At 31 December 2023

14,838
2,987
17,825



Depreciation


At 1 January 2023
14,838
1,144
15,982


Charge for the year
-
816
816



At 31 December 2023

14,838
1,960
16,798



Net book value



At 31 December 2023
-
1,027
1,027



At 31 December 2022
-
1,717
1,717


6.


Debtors

2023
2022
£
£


Other debtors
11,226
29,984

Prepayments and accrued income
6,480
13,538

17,706
43,522


Page 8

 
THE Q BRANDS HOUSE LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
27,070

Amounts owed to group undertakings
4,788,461
4,018,922

Other taxation and social security
2,028
7,236

Other creditors
159,771
65,795

Accruals and deferred income
132,191
50,656

5,082,451
4,169,679



8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £7,762 (2022: £13,396). Contributions totalling £3,345 (2022: £6,162) were payable to the fund at the balance sheet date and are included in other creditors.


9.


Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned. 

 
Page 9