Quarta Limited 04763831 true 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Development & Real Estate Digita Accounts Production Advanced 6.30.9574.0 true Mr Gearoid Joseph Hunt Mrs Nicola Jayne Hunt Mr Gearoid Hunt true 04763831 2023-09-01 2024-08-31 04763831 2024-08-31 04763831 core:RetainedEarningsAccumulatedLosses 2024-08-31 04763831 core:ShareCapital 2024-08-31 04763831 core:CurrentFinancialInstruments 2024-08-31 04763831 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 04763831 bus:FRS102 2023-09-01 2024-08-31 04763831 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04763831 bus:FullAccounts 2023-09-01 2024-08-31 04763831 bus:RegisteredOffice 2023-09-01 2024-08-31 04763831 bus:CompanySecretary1 2023-09-01 2024-08-31 04763831 bus:Director1 2023-09-01 2024-08-31 04763831 bus:Director3 2023-09-01 2024-08-31 04763831 bus:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-08-31 04763831 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04763831 countries:UnitedKingdom 2023-09-01 2024-08-31 04763831 2023-08-31 04763831 core:RetainedEarningsAccumulatedLosses 2023-08-31 04763831 core:ShareCapital 2023-08-31 04763831 core:CurrentFinancialInstruments 2023-08-31 04763831 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 iso4217:GBP

Registration number: 04763831

Quarta Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Quarta Limited

Profit and Loss Account for the Year Ended 31 August 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Quarta Limited

(Registration number: 04763831)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

3

100,044

100,044

Cash at bank and in hand

 

135

135

 

100,179

100,179

Creditors: Amounts falling due within one year

5

(32,050)

(32,050)

Net assets

 

68,129

68,129

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

68,127

68,127

Shareholders' funds

 

68,129

68,129

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 12 May 2025 and signed on its behalf by:
 

.........................................
Mr Gearoid Joseph Hunt
Director

   
     
 

Quarta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
1 Primrose Cottages
Commons Road
Pembroke
Pembrokeshitre
SA71 4EB

The principal place of business is:
1 Primrose Cottages
Commons Road
Pembroke
Pembrokeshire
SSA71 4EB

These financial statements were authorised for issue by the Board on 12 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Quarta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

23,919

23,919

Amounts owed by related parties

75,693

75,693

Other debtors

 

432

432

   

100,044

100,044

4

Cash and cash equivalents

2024
£

2023
£

Cash at bank

135

135

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

1

1

Amounts due to related parties

1,750

1,750

Other payables

 

25,532

25,532

Accruals

 

4,767

4,767

 

32,050

32,050

6

Share capital

Allotted, called up and fully paid shares

 

Quarta Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2