Quetzal Securities Limited
Registered number: 05336735
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Current assets
Debtors 3 50,000 60,000
Investments held as current assets 12,035 17,845
Cash at bank and in hand 21 367
62,056 78,212
Creditors: amounts falling due within one year 4 (28,247) (38,497)
Net current assets 33,809 39,715
Net assets 33,809 39,715
Capital and reserves
Called up share capital 51 51
Profit and loss account 33,758 39,664
Shareholder's funds 33,809 39,715
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Jackson
Director
Approved by the board on 15 May 2025
Quetzal Securities Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the contract value of investments sold and is recognised on the contract date.
Investments
The value of investments in quoted equity instruments is measured at mid price on the balance sheet date. Changes in fair value are recognised in profit or loss.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2025 2024
£ £
Other debtors 50,000 60,000
4 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 28,247 38,497
5 Controlling party
The company is controlled by the director.
6 Other information
Quetzal Securities Limited is a private company limited by shares and incorporated in England. Its registered office is:
60 Braids Walk, Kirkella, Hull, HU10 7PD.
Kirkella
Hull
East Yorkshire
HU10 7PD
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