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REGISTERED NUMBER: 01002111 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

QUILL IMPEX LIMITED

QUILL IMPEX LIMITED (REGISTERED NUMBER: 01002111)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QUILL IMPEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: S Y Shah





SECRETARY: S Y Shah





REGISTERED OFFICE: 1 Doughty Street
London
WC1N 2PH





REGISTERED NUMBER: 01002111 (England and Wales)






QUILL IMPEX LIMITED (REGISTERED NUMBER: 01002111)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 3,690 3,690
Investment property 5 849,521 849,521
853,211 853,211

CURRENT ASSETS
Debtors 6 64,030 64,030
Cash at bank 36,105 61,441
100,135 125,471
CREDITORS
Amounts falling due within one year 7 246,500 255,659
NET CURRENT LIABILITIES (146,365 ) (130,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

706,846

723,023

CAPITAL AND RESERVES
Called up share capital 216,292 216,292
Retained earnings 490,554 506,731
706,846 723,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th May 2025 and were signed by:





S Y Shah - Director


QUILL IMPEX LIMITED (REGISTERED NUMBER: 01002111)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Quill Impex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2024
and 31st December 2024 3,690
NET BOOK VALUE
At 31st December 2024 3,690
At 31st December 2023 3,690

QUILL IMPEX LIMITED (REGISTERED NUMBER: 01002111)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024
and 31st December 2024 849,521
NET BOOK VALUE
At 31st December 2024 849,521
At 31st December 2023 849,521

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 64,030 64,030

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 325
Amounts owed to group undertakings 225,000 235,000
Taxation and social security 2,661 2,707
Other creditors 18,839 17,627
246,500 255,659

8. RELATED PARTY DISCLOSURES

As at 31 December 2024, the company was owed £64,030 by Heatglide Limited, a fellow group company (2023: £64,030).

As at 31 December 2024, the company owed Triple8 Limited £225,000 (2023: £235,000). The loan is interest free and has no fixed repayment date.

9. CONTROLLING PARTY

The directors regard The Staranega Trust, a trust incorporated in Liechtenstein, as the ultimate parent undertaking of Quill Impex Limited.

10. PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the scheme are help 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 £1,200 (2023: £1,679). No contributions were payable to the fund at the balance sheet date.