Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-3112023-09-01falseholding company1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11831778 2023-09-01 2024-12-31 11831778 2022-09-01 2023-08-31 11831778 2024-12-31 11831778 2023-08-31 11831778 c:Director1 2023-09-01 2024-12-31 11831778 d:FreeholdInvestmentProperty 2023-09-01 2024-12-31 11831778 d:FreeholdInvestmentProperty 2024-12-31 11831778 d:FreeholdInvestmentProperty 2 2023-09-01 2024-12-31 11831778 d:CurrentFinancialInstruments 2024-12-31 11831778 d:CurrentFinancialInstruments 2023-08-31 11831778 d:Non-currentFinancialInstruments 2024-12-31 11831778 d:Non-currentFinancialInstruments 2023-08-31 11831778 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11831778 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11831778 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 11831778 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 11831778 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 11831778 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 11831778 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 11831778 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 11831778 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 11831778 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 11831778 d:ShareCapital 2024-12-31 11831778 d:ShareCapital 2023-08-31 11831778 d:SharePremium 2023-09-01 2024-12-31 11831778 d:SharePremium 2024-12-31 11831778 d:SharePremium 2023-08-31 11831778 d:InvestmentPropertiesRevaluationReserve 2023-09-01 2024-12-31 11831778 d:InvestmentPropertiesRevaluationReserve 2024-12-31 11831778 d:InvestmentPropertiesRevaluationReserve 2023-08-31 11831778 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-12-31 11831778 d:RetainedEarningsAccumulatedLosses 2024-12-31 11831778 d:RetainedEarningsAccumulatedLosses 2023-08-31 11831778 c:FRS102 2023-09-01 2024-12-31 11831778 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-12-31 11831778 c:FullAccounts 2023-09-01 2024-12-31 11831778 c:PrivateLimitedCompanyLtd 2023-09-01 2024-12-31 11831778 d:OtherDeferredTax 2024-12-31 11831778 d:OtherDeferredTax 2023-08-31 11831778 6 2023-09-01 2024-12-31 11831778 f:PoundSterling 2023-09-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 11831778






QUIRKS HOLDINGS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024










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QUIRKS HOLDINGS LIMITED
REGISTERED NUMBER:11831778

BALANCE SHEET
AS AT 31 DECEMBER 2024

31 December
31 August
2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
601,500
601,500

Investment property
 5 
800,000
-

  
1,401,500
601,500

  

Creditors: amounts falling due within one year
 6 
(713,106)
(190,129)

Net current liabilities
  
 
 
(713,106)
 
 
(190,129)

Total assets less current liabilities
  
688,394
411,371

Creditors: amounts falling due after more than one year
 7 
(81,667)
(108,334)

Provisions for liabilities
  

Deferred tax
 9 
(76,529)
-

  
 
 
(76,529)
 
 
-

Net assets
  
530,198
303,037


Capital and reserves
  

Called up share capital 
  
200
200

Share premium account
 10 
299,900
299,900

Investment property reserve
 10 
229,587
-

Profit and loss account
 10 
511
2,937

  
530,198
303,037


Page 1

 
QUIRKS HOLDINGS LIMITED
REGISTERED NUMBER:11831778
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



R A Quirk
Director

Date: 22 July 2025

Page 2

 
QUIRKS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

1.


General information

Quirks Holding Limited is a private company limited by shares, incorporated in England and Wales. Its
registered office is Millhouse, East Street, Rochford, Essex SS4 1DB.
The principal activity of the company is that of an investment holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is
Page 3

 
QUIRKS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.5
Current and deferred taxation (continued)

determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Other financial assets

Page 4

 
QUIRKS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 5

 
QUIRKS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 September 2023
601,500



At 31 December 2024
601,500





5.


Investment property





Freehold investment property

£



Valuation


Additions at cost
493,884


Surplus on revaluation
306,116



At 31 December 2024
800,000

The 2024 valuations were made by the director of the company, on an open market value for existing use basis.




Page 6

 
QUIRKS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

31 December
31 August
2024
2023
£
£

Bank loans
469,200
-

Other loans
120,000
120,000

Amounts owed to group undertakings
122,406
69,139

Accruals and deferred income
1,500
990

713,106
190,129


The following liabilities were secured:

31 December
31 August
2024
2023
£
£



Bank loans
469,200
-

469,200
-

Details of security provided:

The bank loan is secured by a floating charge against the property owned by the company.


7.


Creditors: Amounts falling due after more than one year

31 December
31 August
2024
2023
£
£

Other loans
81,667
108,334

81,667
108,334


Page 7

 
QUIRKS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

8.


Loans


Analysis of the maturity of loans is given below:


31 December
31 August
2024
2023
£
£

Amounts falling due within one year

Bank loans
469,200
-

Other loans
120,000
120,000

Amounts falling due 1-2 years

Other loans
20,000
20,000

Amounts falling due 2-5 years

Other loans
60,000
60,000

Amounts falling due after more than 5 years

Other loans
1,666
28,333

670,866
228,333



9.


Deferred taxation






2024


£






Charged to profit or loss
(76,529)



At end of year
(76,529)

The deferred taxation balance is made up as follows:

31 December
31 August
2024
2023
£
£


Change on investment property fair value movement
(76,529)
-

(76,529)
-

Page 8

 
QUIRKS HOLDINGS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024

10.


Reserves

Share premium account

This reserve records the premium paid for Ordinary shares in excess of the nominal value of those
shares.

Investment property revaluation reserve

This reserve records increases in fair value of investment land and buildings and decreases to the extent
that such decreases relate to an increase on the same asset. Deferred tax on the revaluation is netted off
here against the gross valuation.
The reserve is a non-distributable reserve.

Profit and loss account

All reserves in respect of profit and loss are distributable reserves.

 
Page 9