1 01/04/2023 31/03/2024 2024-03-31 true false false false true false false false false false true false false true false false true true false false true false No description of principal activities is disclosed 2023-04-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 13289094 2023-04-01 2024-03-31 13289094 2024-03-31 13289094 2023-03-31 13289094 2022-04-01 2023-03-31 13289094 2023-03-31 13289094 2022-03-31 13289094 bus:RegisteredOffice 2023-04-01 2024-03-31 13289094 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 13289094 bus:Director1 2023-04-01 2024-03-31 13289094 bus:Director2 2023-04-01 2024-03-31 13289094 bus:Director3 2023-04-01 2024-03-31 13289094 bus:Director4 2023-04-01 2024-03-31 13289094 core:FurnitureFittingsToolsEquipment 2023-03-31 13289094 core:FurnitureFittingsToolsEquipment 2024-03-31 13289094 core:WithinOneYear 2024-03-31 13289094 core:WithinOneYear 2023-03-31 13289094 core:ShareCapital 2024-03-31 13289094 core:ShareCapital 2023-03-31 13289094 core:RetainedEarningsAccumulatedLosses 2024-03-31 13289094 core:RetainedEarningsAccumulatedLosses 2023-03-31 13289094 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 13289094 core:FurnitureFittingsToolsEquipment 2023-03-31 13289094 bus:SmallEntities 2023-04-01 2024-03-31 13289094 bus:Audited 2023-04-01 2024-03-31 13289094 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13289094 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13289094 bus:FullAccounts 2023-04-01 2024-03-31
Company registration number: 13289094
Quantori UK Limited
Filleted financial statements
31 March 2024
Quantori UK Limited
Contents
Directors and other information
Directors responsibilities statement
Statement of financial position
Notes to the financial statements
Quantori UK Limited
Directors and other information
Directors Mr Solman Syed Rahman
Mr Vitaliy Aronov
Mr Richard Golob
Mr Yuriy Gankin
Company number 13289094
Registered office 19 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
Auditor Hicks and Company
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Accountants Hardcastle Blake
19 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
Quantori UK Limited
Directors responsibilities statement
Year ended 31 March 2024
The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent; 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 adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and 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.
Quantori UK Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 1,763 2,351
_______ _______
1,763 2,351
Current assets
Debtors 6 284,743 107,630
_______ _______
284,743 107,630
Creditors: amounts falling due
within one year 7 ( 1,513,698) ( 837,123)
_______ _______
Net current liabilities ( 1,228,955) ( 729,493)
_______ _______
Total assets less current liabilities ( 1,227,192) ( 727,142)
_______ _______
Net liabilities ( 1,227,192) ( 727,142)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 1,227,292) ( 727,242)
_______ _______
Shareholders deficit ( 1,227,192) ( 727,142)
_______ _______
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 July 2025 , and are signed on behalf of the board by:
Mr Solman Syed Rahman
Director
Company registration number: 13289094
Quantori UK Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 19 New Road, Drayton Parslow, Milton Keynes, MK17 0JH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company is funded by the parent entity Quantori INC. They have confirmed that they will continue to fund the operations and activities of the UK entity for a minimum of 12 months from the date of approval of the accounts
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25% reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates .
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 and 31 March 2024 3,500 3,500
_______ _______
Depreciation
At 1 April 2023 1,149 1,149
Charge for the year 588 588
_______ _______
At 31 March 2024 1,737 1,737
_______ _______
Carrying amount
At 31 March 2024 1,763 1,763
_______ _______
At 31 March 2023 2,351 2,351
_______ _______
6. Debtors
2024 2023
£ £
Amounts owed by group undertakings 200,974 53,804
Other debtors 83,769 53,826
_______ _______
284,743 107,630
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Amounts owed to group undertakings 1,182,906 670,406
Social security and other taxes 9,028 9,163
Other creditors 321,764 157,554
_______ _______
1,513,698 837,123
_______ _______
8. Summary audit opinion
The auditor's report dated 31 July 2025 was unqualified.
The senior statutory auditor was Mr Philip Dean for and on behalf of Hicks and Company
9. Controlling party
The company is owned and controlled by Quantori INC - an entity registered in the United States