QC PRIVATE EQUITY SERVICES LIMITED

Company Registration Number:
03787318 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

QC PRIVATE EQUITY SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

QC PRIVATE EQUITY SERVICES LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the Company is the provision of investment advice to its associated companies. The Company provides investment advice to Quadriga Capital IIIa GP Limited, Quadriga Capital IV GP Limited, Quadriga Capital GP Limited, Quadriga Capital V GP Limited and Quadriga Capital VI GP Limited.

Additional information

Incorporation The Company is a private limited company incorporated in the United Kingdom and commenced trading on 10 June 1999. During the year its registered office was 60-62 Margaret Street, London, W1W 8TF. On 20 February 2025 the Company and its registered office moved to Office 138A, Westlink House, 981 Great West Road, Brentford, TW8 9DN. Results and Dividend The operating results and state of affairs of the Company are fully set out in the attached Financial Statements and the notes thereto. The Company made a profit of EUR 12,275 (2023: loss of EUR 25,292). No dividends were proposed or declared during the year under review (2023: Nil). ="As at 31 December 2024, the Company is in a net current asset position of EUR 599,713 (2023: EUR 587,438). As disclosed in note 5 and in accordance with various Investment Advisory Agreements, the Company receives investment advice from Quadriga Capital Eigenkapitalberatung GmbH and in turn provides investment advice to its associated companies, including Quadriga Capital IIIa GP Limited, Quadriga Capital IV GP Limited, Quadriga Capital GP Limited, Quadriga Capital V GP Limited and Quadriga Capital VI GP Limited. For its services, the Company receives investment advisory fee income. The total Investment Advisory Fee Income during the year amounted to EUR 5,849,201 (2023: EUR 6,404,138). Based on the above, the Directors conclude that no uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern for the next 12 months following the approval of the Financial Statements, therefore the Directors have adopted the going concern basis of preparation for the Financial Statements. Small Company Provisions This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Ownership of the Company As at 31 December 2024 the shares are held by: Quadriga Capital IIIa GP Limited - 1 Share Quadriga Capital IV GP Limited - 1 Share Quadriga Capital GP Limited - 1 Share Quadriga Capital V GP Limited - 1 Share Quadriga Capital VI GP Limited - 1 Share Ultimate Controlling Party Up to 21 June 2023 the Directors considered the Chariot Charitable Trust to be the ultimate controlling party of the Company. As of 21 June 2023 the Directors consider Chariot Charitable Trust Limited to be the ultimate controlling party of the Company. Secretary The secretary of the Company for the year ended 31 December 2024 and up to 21 February 2025 was Nicole Henriques. The Secretary of the Company from 21 February 2025 and up to the date of this report was Ben Stuart. Independent Auditors The Directors have assessed whether an audit of the Company is necessary and after discussion have elected not to have the Company's financial statements audited. In reaching this assessment, the Directors considered the fact that the majority of the companies that pay Advisory fees to the Company are audited on a yearly basis and to the Company’s ongoing commitment to reducing costs. Directors Responsibilities The Directors are responsible for preparing the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards comprising Financial Reporting Standard 102 Section 1A, "The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland - Small Entities" ("FRS 102 Section 1A"). The Companies Act 2006 requires the Directors to prepare Financial Statements for each financial year which give a true and fair view of the state of the affairs of the Company and of the profit or loss of the Company for that year. In preparing those Financial Statements, the Directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards including FRS 102 Section 1A have been followed, subject to any material departures disclosed and explained in the Financial Statements; and - prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the Financial Statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors confirm that they have complied with the above requirements in preparing the Financial Statements.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

William Nigel Campion-Smith
Jonathan Wild
Peter Besthof


Secretary Nicole Henriques

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 May 2025

And signed on behalf of the board by:
Name: William Nigel Campion-Smith
Status: Director

QC PRIVATE EQUITY SERVICES LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 5,849,201 6,404,138
Cost of sales: ( 5,595,000 ) ( 6,092,940 )
Gross profit(or loss): 254,201 311,198
Administrative expenses: ( 239,813 ) ( 293,580 )
Other operating income: 766 601
Operating profit(or loss): 15,154 18,219
Profit(or loss) before tax: 15,154 18,219
Tax: ( 2,879 ) ( 43,511 )
Profit(or loss) for the financial year: 12,275 (25,292)

QC PRIVATE EQUITY SERVICES LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 970,615 1,269,866
Cash at bank and in hand: 43,746 108,431
Total current assets: 1,014,361 1,378,297
Creditors: amounts falling due within one year: 4 ( 414,648 ) ( 790,859 )
Net current assets (liabilities): 599,713 587,438
Total assets less current liabilities: 599,713 587,438
Total net assets (liabilities): 599,713 587,438
Capital and reserves
Called up share capital: 5 5
Profit and loss account: 599,708 587,433
Total Shareholders' funds: 599,713 587,438

The notes form part of these financial statements

QC PRIVATE EQUITY SERVICES LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 May 2025
and signed on behalf of the board by:

Name: William Nigel Campion-Smith
Status: Director

The notes form part of these financial statements

QC PRIVATE EQUITY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Income Investment Advisory fee income comprises the fair value of the consideration received or receivable for services in the ordinary course of the Company's activities. Investment Advisory fee income is calculated as the cost of the Company to provide its services plus a margin agreed between the parties from time to time.

    Other accounting policies

    Basis of preparation These financial statements are prepared on a going concern basis, under the historical cost convention. The preparation of financial statements in conformity with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 4. As at 31 December 2024, the Company is in a net current asset position of EUR 599,713 (2023: EUR 587,438). As disclosed in note 5 and in accordance with various Investment Advisory Agreements, the Company receives investment advice from Quadriga Capital Eigenkapitalberatung GmbH and in turn provides investment advice to its associated companies, including Quadriga Capital IIIa GP Limited, Quadriga Capital IV GP Limited, Quadriga Capital GP Limited, Quadriga Capital V GP Limited and Quadriga Capital VI GP Limited. For its services, the Company receives investment advisory fee income. The total Investment Advisory Fee Income during the year amounted to EUR 5,849,201 (2023: EUR 6,404,138)." The Directors of the Company have reviewed the financial statements of the associated companies and have assessed the current liquidity position of the Company taking into consideration the future expected cash flows including cash flow emanating from the investment advisory fee income from its associated companies. Based on the above, the Directors conclude that no uncertainty exists that may cast significant doubt about the ability of the Company to continue as a going concern for the next 12 months following the approval of the financial statements, therefore the Directors have adopted the going concern basis of preparation for the Financial Statements. Income Investment Advisory fee income comprises the fair value of the consideration received or receivable for services in the ordinary course of the Company's activities. Investment Advisory fee income is calculated as the cost of the Company to provide its services plus a margin agreed between the parties from time to time. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Rental expenses are included in office costs expense as shown in Note 7. Cash and cash equivalents Cash and cash equivalents include cash in hand and other deposits held at call with banks having original maturities of three months or less. Share Capital Ordinary shares are classified as equity. Expenses Expenses are recognised on an accruals basis. Functional and presentation currency The functional and presentation currency of the Company is the Euro (the "functional currency"). The performance of the Company is measured and reported in Euro. The Company provides investment advice to entities whose functional currencies are Euro, additionally the majority of income and expense items are denominated in Euro; as such the Directors consider the Euro as the currency that most faithfully represents the economic effects of the underlying transactions, events and conditions. Foreign currency transactions and balances Transactions denominated in currencies other than Euro are recorded at actual exchange rates prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the year end are reported at the rate of exchange prevailing at year end. Any gain or loss arising from a change in exchange rates subsequent to the date of the transaction is recognised in the Statement of Comprehensive Income.

QC PRIVATE EQUITY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

QC PRIVATE EQUITY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Debtors

2024 2023
£ £
Trade debtors 968,418 1,255,232
Other debtors 2,197 14,634
Total 970,615 1,269,866

QC PRIVATE EQUITY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 411,834 285,628
Other creditors 2,814 505,231
Total 414,648 790,859