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REGISTERED NUMBER: 09427428 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Q21 Limited

Q21 Limited (Registered number: 09427428)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Q21 Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: J Gallani





REGISTERED OFFICE: C/o Roxburgh Milkins Limited
Merchant House North
Wapping Road
United Kingdom
Bristol
BS1 4RW





REGISTERED NUMBER: 09427428 (England and Wales)





ACCOUNTANTS: Equifino Ltd
Ivy Court
61 High Street
Nailsea
Bristol
BS48 1AW

Q21 Limited (Registered number: 09427428)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 48,062 49,810
Tangible assets 5 2,636 4,745
Investments 6 2,511 2,511
53,209 57,066

CURRENT ASSETS
Debtors 7 1,656,443 1,578,362
Cash at bank 24 2,155
1,656,467 1,580,517
CREDITORS
Amounts falling due within one year 8 2,377,175 2,350,169
NET CURRENT LIABILITIES (720,708 ) (769,652 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(667,499

)

(712,586

)

CREDITORS
Amounts falling due after more than
one year

9

2,869

11,986
NET LIABILITIES (670,368 ) (724,572 )

CAPITAL AND RESERVES
Called up share capital 155 147
Share premium 325,876 249,971
Retained earnings (996,399 ) (974,690 )
(670,368 ) (724,572 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Q21 Limited (Registered number: 09427428)

Balance Sheet - continued
31 March 2025


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 22 April 2025 and were signed by:





J Gallani - Director


Q21 Limited (Registered number: 09427428)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Q21 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.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that despite the adverse effects of the current economic climate the company has adequate resources and financial support to continue in operational existence for the foreseeable future. On this basis, the directors have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Q21 Limited (Registered number: 09427428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Q21 Limited (Registered number: 09427428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2024
and 31 March 2025 69,908
AMORTISATION
At 1 April 2024 20,098
Amortisation for year 1,748
At 31 March 2025 21,846
NET BOOK VALUE
At 31 March 2025 48,062
At 31 March 2024 49,810

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 5,985 8,333 9,681 23,999
DEPRECIATION
At 1 April 2024 4,755 4,818 9,681 19,254
Charge for year 1,230 879 - 2,109
At 31 March 2025 5,985 5,697 9,681 21,363
NET BOOK VALUE
At 31 March 2025 - 2,636 - 2,636
At 31 March 2024 1,230 3,515 - 4,745

Q21 Limited (Registered number: 09427428)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 April 2024
and 31 March 2025 2,511
NET BOOK VALUE
At 31 March 2025 2,511
At 31 March 2024 2,511

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 31,891 4,491
Amounts owed by group undertakings 1,620,290 1,556,819
Corporation tax recoverable 4,262 4,262
VAT recoverable - 12,790
1,656,443 1,578,362

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 9,707 9,686
Trade creditors - 76,120
VAT 2,538 -
Other creditors 1,170,918 1,063,169
Directors' current accounts 1,194,012 1,201,194
2,377,175 2,350,169

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 2-5 years 2,869 11,968
No description - 18
2,869 11,986

10. RELATED PARTY DISCLOSURES

Included in other creditors is £1,194,012 (2024 - £1,201,194) due to Johan Gallani, a director and shareholder. This is interest free and repayable on demand.