for the Period Ended 31 December 2024
| Directors report | |
| Profit and loss | |
| Balance sheet | |
| Additional notes | |
| Balance sheet notes |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2024
Principal activities of the company
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
Secretary
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
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2024
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 December 2024
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