Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 April 2023 false 1 January 2024 31 December 2024 31 December 2024 03726162 Mr Zachary Quinn Mr Aaron Quinn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03726162 2023-12-31 03726162 2024-12-31 03726162 2024-01-01 2024-12-31 03726162 frs-core:CurrentFinancialInstruments 2024-12-31 03726162 frs-core:ComputerEquipment 2024-12-31 03726162 frs-core:ComputerEquipment 2024-01-01 2024-12-31 03726162 frs-core:ComputerEquipment 2023-12-31 03726162 frs-core:FurnitureFittings 2024-12-31 03726162 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03726162 frs-core:FurnitureFittings 2023-12-31 03726162 frs-core:ShareCapital 2024-12-31 03726162 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03726162 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03726162 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03726162 frs-bus:SmallEntities 2024-01-01 2024-12-31 03726162 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03726162 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03726162 frs-bus:Director1 2024-01-01 2024-12-31 03726162 frs-bus:Director1 2023-12-31 03726162 frs-bus:Director1 2024-12-31 03726162 frs-bus:Director2 2024-01-01 2024-12-31 03726162 frs-countries:EnglandWales 2024-01-01 2024-12-31 03726162 2023-03-31 03726162 2023-12-31 03726162 2023-04-01 2023-12-31 03726162 frs-core:CurrentFinancialInstruments 2023-12-31 03726162 frs-core:ShareCapital 2023-12-31 03726162 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03726162
The Quinn Partnership Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
The Quinn Partnership Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
The Quinn Partnership Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 03726162

| 31 December 2024 | 31 December 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 96 |  | 669
Investment Properties | 5 |  | 1,260,000 |  | 1,260,000
|  |  | 1,260,096 |  | 1,260,669
CURRENT ASSETS
Debtors | 6 | 115,092 |  | 60,974 |
Cash at bank and in hand |  | 43,302 |  | 111,436 |
|  | 158,394 |  | 172,410 |
Creditors: Amounts Falling Due Within One Year | 7 | (29,399 ) |  | (14,724 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 128,995 |  | 157,686
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,389,091 |  | 1,418,355
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (177,626 ) |  | (177,626 )
NET ASSETS |  |  | 1,211,465 |  | 1,240,729
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,000 |  | 1,000
Profit and Loss Account |  |  | 1,210,465 |  | 1,239,729
SHAREHOLDERS' FUNDS |  |  | 1,211,465 |  | 1,240,729

Page 1
Page 2
The Quinn Partnership Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Aaron Quinn Director
03/09/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
The Quinn Partnership Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
The Quinn Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03726162 . The registered office is 12 Somers Crescent, London, W2 2PN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% on Cost
Computer Equipment | 25% on Cost

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
The Quinn Partnership Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 1,000 | 2,705 | 3,705
As at 31 December 2024 | 1,000 | 2,705 | 3,705
Depreciation
As at 1 January 2024 | 1,000 | 2,036 | 3,036
Provided during the period | - | 573 | 573
As at 31 December 2024 | 1,000 | 2,609 | 3,609
Net Book Value
As at 31 December 2024 | - | 96 | 96
As at 1 January 2024 | - | 669 | 669

5. Investment Property

| 31 December 2024
--- | ---
| £
Fair Value
As at 1 January 2024 and 31 December 2024 | 1,260,000

6. Debtors

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 1 |  | 1
Directors' loan accounts | 17,049 |  | -
Amounts owed by other participating interests | 98,042 |  | 60,973
| 115,092 |  | 60,974

7. Creditors: Amounts Falling Due Within One Year

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 3,201 |  | 1
Corporation tax | 8,845 |  | 5,638
Other creditors | - |  | 6,385
Accruals and deferred income | 3,375 |  | 2,700
Directors' loan accounts | 13,978 |  | -
| 29,399 |  | 14,724

Page 4
Page 5
The Quinn Partnership Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Share Capital

| 31 December 2024 |  | 31 December 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 January 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2024
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Aaron Quinn | - | 17,049 | - | - | 17,049

The above loan is unsecured, interest free and repayable on demand and was repaid after the year end.
10. Reserves
The Profit and Loss account includes £890,559 (2023: £890,559) of non distributable reserves relating to the revaluation of investment properties.
11. Related Party Transactions
Included in Debtors is a loan to a company controlled by one of the Directors . The loan is an interest only loan repayable on demand.
Page 5