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REGISTERED NUMBER: SC687188 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Quantum Property Holdings Ltd

Quantum Property Holdings Ltd (Registered number: SC687188)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quantum Property Holdings Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Dr. D S Kalsi
Dr J Wardell





REGISTERED OFFICE: Cornerstone House Station Road Selkirk
Scotland
TD7 5DJ





REGISTERED NUMBER: SC687188 (Scotland)





ACCOUNTANTS: Dental Accountants Scotland Ltd
Specialist Dental Accountants & Advisors
Cornerstone House
Station Road
Selkirk
Borders
TD7 5DJ

Quantum Property Holdings Ltd (Registered number: SC687188)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 450,000 450,000

CURRENT ASSETS
Debtors 5 6,561 4,000
Cash at bank and in hand 100 1,410
6,661 5,410
CREDITORS
Amounts falling due within one year 6 22,405 449,102
NET CURRENT LIABILITIES (15,744 ) (443,692 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

434,256

6,308

CREDITORS
Amounts falling due after more than one
year

7

429,400

1,500
NET ASSETS 4,856 4,808

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 4,756 4,708
SHAREHOLDERS' FUNDS 4,856 4,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Quantum Property Holdings Ltd (Registered number: SC687188)

Balance Sheet - continued
30 November 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:




Dr J Wardell - Director



Dr. D S Kalsi - Director


Quantum Property Holdings Ltd (Registered number: SC687188)

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

1. STATUTORY INFORMATION

Quantum Property Holdings Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Quantum Property Holdings Ltd (Registered number: SC687188)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 December 2023
and 30 November 2024 450,000
NET BOOK VALUE
At 30 November 2024 450,000
At 30 November 2023 450,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Prepayments and accrued income 6,561 4,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts (see note 8) 7,068 442,036
Amounts owed to group undertakings 14,437 5,200
Tax - 1,116
Accrued expenses 900 750
22,405 449,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans (see note 8) 427,900 -
Other creditors 1,500 1,500
429,400 1,500

8. LOANS

An analysis of the maturity of loans is given below:

30.11.24 30.11.23
£    £   
Amounts falling due within one year or on demand:
Bank loans < 1 yr 7,068 442,036

Amounts falling due between two and five years:
Bank loans - 2-5 years 427,900 -

Quantum Property Holdings Ltd (Registered number: SC687188)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary £1 100 100