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Registered number: OC351329










QUEST PLACEMENT (UK) LLP








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

 
QUEST PLACEMENT (UK) LLP
REGISTERED NUMBER:OC351329

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
50,213
50,213

Total assets less current liabilities
  
50,213
50,213

  

Net assets
  
50,213
50,213


Represented by:
  

Loans and other debts due to members within one year
  

Other amounts
 4 
58
58

Members' other interests
  

Members' capital classified as equity
  
50,155
50,155

  
50,213
50,213


Total members' interests
  

Loans and other debts due to members
 4 
58
58

Members' other interests
  
50,155
50,155

  
50,213
50,213


Page 1

 
QUEST PLACEMENT (UK) LLP
REGISTERED NUMBER:OC351329
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small LLPs regime.

The entity was entitled to exemption from audit under section 480 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements.

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

The entity has opted not to file the income statement in accordance with the provisions applicable to entities subject to the small LLPs regime.

The financial statements were approved and authorised for issue by the members and were signed on their behalf by: 







J R Coleman
Designated member

Date: 29 August 2025

The notes on pages 3 to 4 form part of these financial statements. 

Page 2

 
QUEST PLACEMENT (UK) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Quest Placement (UK) LLP is a limited liability partnership registered in England and Wales.
The principal place of business is 1st Floor, 10-11 Park Place, London SW1A 1LP.

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.

 
2.2

Division and distribution of profits

A division of profits is the mechanism by which the profits of an LLP become a debt due to members. A division may be automatic or discretionary, may relate to some or all of the profits for a financial period and may take place during or after the end of a financial period.

An automatic division of profits is one where the LLP does not have an unconditional right to avoid making a division of an amount of profits based on the members' agreement in force at the time, whereas a discretionary division of profits requires a decision to be made by the LLP, which it has the unconditional right to avoid making.

The LLP divides profits automatically. Automatic divisions of profits are recognised as 'Members' remuneration charged as an expense in .


3.


Debtors

2025
2024
£
£


Other debtors
50,213
50,213



4.


Loans and other debts due from members


2025
2024
£
£



Other amounts due to members
58
58



Page 3

 
QUEST PLACEMENT (UK) LLP
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Related party transactions

At the balance sheet date, £50,213 (2024 - £50,213) was due from Quest Fund Placement Ltd,  a company under common control. 

Page 4