Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2truefalseNo description of principal activityfalse2023-12-012false 08657282 2023-12-01 2024-11-30 08657282 2022-12-01 2023-11-30 08657282 2024-11-30 08657282 2023-11-30 08657282 c:Director1 2023-12-01 2024-11-30 08657282 d:CurrentFinancialInstruments 2024-11-30 08657282 d:CurrentFinancialInstruments 2023-11-30 08657282 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 08657282 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 08657282 d:ShareCapital 2024-11-30 08657282 d:ShareCapital 2023-11-30 08657282 d:RetainedEarningsAccumulatedLosses 2024-11-30 08657282 d:RetainedEarningsAccumulatedLosses 2023-11-30 08657282 c:FRS102 2023-12-01 2024-11-30 08657282 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 08657282 c:FullAccounts 2023-12-01 2024-11-30 08657282 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 08657282 2 2023-12-01 2024-11-30 08657282 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure

Registered number: 08657282









AQGSA LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
AQGSA LIMITED
REGISTERED NUMBER: 08657282

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
30,388
177,966

Cash at bank and in hand
 5 
1,238,409
1,892,674

  
1,268,797
2,070,640

Creditors: amounts falling due within one year
 6 
(751,277)
(1,559,632)

Net current assets
  
 
 
517,520
 
 
511,008

Total assets less current liabilities
  
517,520
511,008

  

Net assets
  
517,520
511,008


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
517,519
511,007

  
517,520
511,008


The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 on 13 August 2025.



R J Allard
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
AQGSA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

AQGSA Limited is a private company limited by shares and incorporated in England and Wales under registered number 08657282. Its registered office is 2nd Floor, Nucleus House, 2 Lower Mortlake Road, Richmond, TW9 2JA.

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

Going concern

Company management and the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being at least the following 12 months from the signing of these financial statements.
As a result, and with the Company continuing to receive the full support of its shareholders, the directors believe that it is still appropriate to apply the going concern basis for the foreseeable future.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover derived from ordinary activities is recognised in the profit and loss account on travel departure date and is stated after discounts and net of VAT.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

Page 2

 
AQGSA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.6

Taxation

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 reporting date in the countries where the Company operates and generates income.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
AQGSA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Debtors

2024
2023
£
£


Trade debtors
-
116,658

Other debtors
-
61,308

Prepayments and accrued income
30,388
-

30,388
177,966



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,238,409
1,892,674

1,238,409
1,892,674



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
812,057

Amounts owed to related parties
459,997
305,071

Corporation tax
1,838
48,020

Other creditors
197,445
-

Accruals and deferred income
91,997
394,484

751,277
1,559,632


Included within accruals and deferred income is the sum of £68,197 (2023: £283,180) which relates to deferred revenue for departures from 1 December 2024 onwards.    

Page 4

 
AQGSA LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Related party transactions

Light Blue Travel Limited: Mr R J Allard a director and only shareholder, is also a director and shareholder in this company. Light Blue Travel Limited was paid management and service fees for the services provided during the year amounting to £21,025 (2023: £128,680). Light Blue Travel Limited was also paid for providing marketing support and other recharges amounting to £Nil (2023: £351,568). As at year end amount due to the related party was £109,997 (2023: £221,821).
Roger Allard Limited: Mr R J Allard a director and only shareholder, is also a director and shareholder in this company. Roger Allard Limited was paid management fees for the services provided during the year amounting to £720,000 (2023: £349,981). The company has also paid consultancy fees to the related party amounting to £68,000 (2023: £nil). As at year end amount due to the related party was £350,000     (2023: £83,250).  


8.


Controlling party

The ultimate controlling party is Mr R J Allard, a director, by virtue of his beneficial ownership of the entire issued share capital in the company.       

 
Page 5