0 0 Quinlan Holdings Ltd 11089927 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is holding company. Digita Accounts Production Advanced 6.30.9574.0 true false 11089927 2023-12-01 2024-11-30 11089927 2024-11-30 11089927 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments 2024-11-30 11089927 core:CurrentFinancialInstruments 2024-11-30 11089927 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 11089927 core:AdditionsToInvestments 2024-11-30 11089927 core:CostValuation 2024-11-30 11089927 bus:SmallEntities 2023-12-01 2024-11-30 11089927 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 11089927 bus:FilletedAccounts 2023-12-01 2024-11-30 11089927 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11089927 bus:RegisteredOffice 2023-12-01 2024-11-30 11089927 bus:CompanySecretary1 2023-12-01 2024-11-30 11089927 bus:Director1 2023-12-01 2024-11-30 11089927 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11089927 bus:Agent1 2023-12-01 2024-11-30 11089927 core:Subsidiary1 2023-12-01 2024-11-30 11089927 core:Subsidiary1 1 2023-12-01 2024-11-30 11089927 core:Subsidiary1 countries:England 2023-12-01 2024-11-30 11089927 core:Subsidiary2 2023-12-01 2024-11-30 11089927 core:Subsidiary2 1 2023-12-01 2024-11-30 11089927 core:Subsidiary2 countries:England 2023-12-01 2024-11-30 11089927 core:Subsidiary3 2023-12-01 2024-11-30 11089927 core:Subsidiary3 1 2023-12-01 2024-11-30 11089927 core:Subsidiary3 countries:England 2023-12-01 2024-11-30 11089927 core:Subsidiary4 2023-12-01 2024-11-30 11089927 core:Subsidiary4 1 2023-12-01 2024-11-30 11089927 core:Subsidiary4 countries:England 2023-12-01 2024-11-30 11089927 countries:EnglandWales 2023-12-01 2024-11-30 11089927 core:CostValuation 2023-11-30 11089927 2022-12-01 2023-11-30 11089927 2023-11-30 11089927 core:CurrentFinancialInstruments 2023-11-30 11089927 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11089927 core:Subsidiary1 1 2022-12-01 2023-11-30 11089927 core:Subsidiary2 1 2022-12-01 2023-11-30 11089927 core:Subsidiary3 1 2022-12-01 2023-11-30 11089927 core:Subsidiary4 1 2022-12-01 2023-11-30 xbrli:pure iso4217:GBP

Registration number: 11089927

Quinlan Holdings Ltd

Report of the Directors and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Quinlan Holdings Ltd

Contents of The Financial Statements
for the Year Ended 30 November 2024

 

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 11

 

Quinlan Holdings Ltd

Company Information
for the Year Ended 30 November 2024

Director

S J Quinlan

Company secretary

T B Quinlan

Registered office

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

Accountants

Insight Strategic Associates
Chartered Certified Accountants10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Quinlan Holdings Ltd
for the Year Ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quinlan Holdings Ltd for the year ended 30 November 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.
 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
 

This report is made solely to the Board of Directors of Quinlan Holdings Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Quinlan Holdings Ltd and state those matters that we have agreed to state to the Board of Directors of Quinlan Holdings Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/
technical-activities/technical-resources-search/2009/october/factsheet-163-audit-exempt
-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quinlan Holdings Ltd and its Board of Directors as a body for our work or for this report.
 

It is your duty to ensure that Quinlan Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Quinlan Holdings Ltd. You consider that Quinlan Holdings Ltd is exempt from the statutory audit requirement for the year.
 

We have not been instructed to carry out an audit or a review of the accounts of Quinlan Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Insight Strategic Associates
Chartered Certified Accountants

10 Towerfield Road
Shoeburyness
Essex
SS3 9QE

12 August 2025

 

Quinlan Holdings Ltd

(Registration number: 11089927 )
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

650,300

650,250

Current assets

 

Debtors

6

189,097

189,097

Other financial assets

5

1,546,355

1,228,145

Cash at bank and in hand

 

3,241,610

2,838,574

 

4,977,062

4,255,816

Creditors: Amounts falling due within one year

7

(563,535)

(701,042)

Net current assets

 

4,413,527

3,554,774

Net assets

 

5,063,827

4,205,024

Capital and reserves

 

Called up share capital

500

500

Share premium reserve

649,850

649,850

Other reserves

266,696

266,696

Retained earnings

4,146,781

3,287,978

Shareholders' funds

 

5,063,827

4,205,024

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 August 2025
 

 

Quinlan Holdings Ltd

(Registration number: 11089927 )
Balance Sheet as at 30 November 2024

.........................................
S J Quinlan
Director

 

Quinlan Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Towerfield Road
Shoeburyness
Essex
SS3 9QE
England

The principal place of business is:
Unit 3,Grove Dairy Farm Business Center
Bobbing Hill
Sittingbourne
Kent
ME9 8NY
England

These financial statements were authorised for issue by the director on 12 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Quinlan Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Quinlan Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

 

Quinlan Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

650,300

650,250

Subsidiaries

£

Cost or valuation

At 1 December 2023

650,250

Additions

50

At 30 November 2024

650,300

Provision

Carrying amount

At 30 November 2024

650,300

At 30 November 2023

650,250

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

QuinnRoss Consultants Limited

10 Towerfield Road, Shoeburyness, Essex, SS3 9QE

England

Ordinary £0.01

100%

100%

Quinn Ross Properties Limited

10 Towerfield Road, Shoeburyness, Essex, SS3 9QE

England

Ordinary £1

100%

100%

 

Quinlan Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Investments (continued)

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

Quinn Ross Energy Limited

10 Towerfield Road, Shoeburyness, Essex, SS3 9QE

England

Ordinary £1

100%

100%

Quinn Ross London Limited

10 Towerfield Road, Shoeburyness, Essex, SS3 9QE

England

Ordinary £1

50%

0%

Subsidiary undertakings

QuinnRoss Consultants Limited

The principal activity of QuinnRoss Consultants Limited is Consulting.

Quinn Ross Properties Limited

The principal activity of Quinn Ross Properties Limited is Property Managment Company.

Quinn Ross Energy Limited

The principal activity of Quinn Ross Energy Limited is Consulting .

Quinn Ross London Limited

The principal activity of Quinn Ross London Limited is Consulting.

 

Quinlan Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost or valuation

At 1 December 2023

1,228,145

1,228,145

Additions

29,766

29,766

Transfers

288,444

288,444

At 30 November 2024

1,546,355

1,546,355

Impairment

Carrying amount

At 30 November 2024

1,546,355

1,546,355

6

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

8

189,097

189,097

 

189,097

189,097

 

Quinlan Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

282,832

275,179

Taxation and social security

 

19,035

20,062

Accruals and deferred income

 

1,574

1,263

Other creditors

 

260,094

404,538

 

563,535

701,042

8

Related party transactions

During the year the company received dividends off £550,000 (2023 £1,246,000) from Quinn Ross Consultants Limited its wholly owned subsidiary. At the year end a balance of £179 (2023 £179) was due to the company.

At the year end an amount was due to Quinnross Properties Limited its wholly owned subsidiary of £281,885 (2023 £275,000).

At the year end an amount was due from Quinnross Energy Limited its wholly owned subsidiary of £189,097 (2023 £189,097).