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Registration number: 15529156

Quintet Ventures Ltd

Unaudited Filleted Financial Statements

for the Period from 28 February 2024 to 28 February 2025

 

Quintet Ventures Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Quintet Ventures Ltd

(Registration number: 15529156)
Balance Sheet as at 28 February 2025

Note

2025
£

Fixed assets

 

Investment property

4

80,000

Current assets

 

Cash at bank and in hand

 

4

Creditors: Amounts falling due within one year

5

(79,904)

Net current liabilities

 

(79,900)

Net assets

 

100

Capital and reserves

 

Called up share capital

6

100

Shareholders' funds

 

100

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 May 2025 and signed on its behalf by:
 

.........................................
L Brian
Director

 

Quintet Ventures Ltd

Notes to the Unaudited Financial Statements for the Period from 28 February 2024 to 28 February 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Linton Meadow
Linton On Ouse
York
North Yorkshire
YO30 2AL

These financial statements were authorised for issue by the Board on 13 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

Quintet Ventures Ltd

Notes to the Unaudited Financial Statements for the Period from 28 February 2024 to 28 February 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Investment properties

2025
£

Additions

80,000

At 28 February

80,000

There has been no valuation of investment property by an independent valuer.

5

Creditors

Note

2025
£

Due within one year

 

Loans and borrowings

7

79,904

 

Quintet Ventures Ltd

Notes to the Unaudited Financial Statements for the Period from 28 February 2024 to 28 February 2025

6

Share capital

Allotted, called up and fully paid shares

2025

No.

£

Ordinary shares of £1 each

100

100

   

7

Loans and borrowings

Current loans and borrowings

2025
£

Other borrowings

79,904