Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 0 Errigal Contracts Group Limited 2024-01-01 false No description of principal activity 0 true true false NI691497 2024-01-01 2024-12-31 NI691497 2022-09-30 2023-12-31 NI691497 2024-12-31 NI691497 2023-12-31 NI691497 c:Director1 2024-01-01 2024-12-31 NI691497 d:CurrentFinancialInstruments 2024-12-31 NI691497 d:CurrentFinancialInstruments 2023-12-31 NI691497 d:Non-currentFinancialInstruments 2024-12-31 NI691497 d:Non-currentFinancialInstruments 2023-12-31 NI691497 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 NI691497 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI691497 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 NI691497 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 NI691497 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 NI691497 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 NI691497 d:ShareCapital 2024-12-31 NI691497 d:ShareCapital 2023-12-31 NI691497 d:RetainedEarningsAccumulatedLosses 2024-12-31 NI691497 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI691497 c:FRS102 2024-01-01 2024-12-31 NI691497 c:Audited 2024-01-01 2024-12-31 NI691497 c:FullAccounts 2024-01-01 2024-12-31 NI691497 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI691497 d:Subsidiary1 2024-01-01 2024-12-31 NI691497 d:Subsidiary1 1 2024-01-01 2024-12-31 NI691497 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI691497 4 2024-01-01 2024-12-31 NI691497 6 2024-01-01 2024-12-31 NI691497 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: NI691497 QUARTZ HOLDCO LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
QUARTZ HOLDCO LIMITED REGISTERED NUMBER: NI691497 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 4 |  | 5,746,966 |  | 6,351,460
|  |  | 5,746,966 |  | 6,351,460
Current assets |  |  |  |  |
Cash at bank and in hand | 5 | 6,858 |  | 325 |
|  | 6,858 |  | 325 |
Creditors: amounts falling due within one year | 6 | (8,938,615) |  | (4,722,912) |
Net current liabilities |  |  | (8,931,757) |  | (4,722,587)
Total assets less current liabilities |  |  | (3,184,791) |  | 1,628,873
Creditors: amounts falling due after more than one year | 7 |  | (252,400) |  | (1,876,912)
Net liabilities |  |  | (3,437,191) |  | (248,039)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (3,437,291) |  | (248,139)
|  |  | (3,437,191) |  | (248,039)
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 9 September 2025.
Mr Cormac McCloskey
Director
The notes on pages 2 to 5 form part of these financial statements. Page 1
QUARTZ HOLDCO LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Quartz Holdco Limited is a private company limited by shares incorporated in Northern Ireland. The registered office is 181 Pollys Brea Road, Dungiven, Londonderry, BT47 4NX. 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
During the year the company incurred losses of £3,189,152 (2023: £248,139), and has net current liabilities of £3,437,191 (2023: £248,039). The company has the support and continues to have the support from other group companies which will allow it to meet its obligations during the course of the 12 months following the date of signing the financial statements.
| 2.3 | 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.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | Exceptional items
Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence.
| 2.6 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment.
| 2.7 | 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.
| 2.8 | 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. Page 2
QUARTZ HOLDCO LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3. | Employees
| The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
| The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
4. | Fixed asset investments
|  | Investments in subsidiary companies
|  | £
| Cost or valuation |
| At 1 January 2024 | 6,351,460
| At 31 December 2024 | 6,351,460
| Impairment |
| Charge for the period | 604,494
| At 31 December 2024 | 604,494
| Net book value |
| At 31 December 2024 | 5,746,966
| At 31 December 2023 | 6,351,460
| Subsidiary undertaking
| The following was a subsidiary undertaking of the company:
| Name | Registered office | Class of shares | Holding
| Potter Cowan & Company (Belfast) Limited | 20 Duncrue Crescent, Belfast, Antrim, BT3 9BW | Ordinary | 100%
Page 3
QUARTZ HOLDCO LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 6,858 | 325
|  | 6,858 | 325
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 273,663 | 249,996
| Amounts owed to group undertakings | 7,737,852 | 3,670,816
| Other creditors | 925,000 | 800,000
| Accruals and deferred income | 2,100 | 2,100
|  | 8,938,615 | 4,722,912
| Amounts owed to group undertakings are unsecured, interest free and repayable on demand.
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | - | 270,593
| Other creditors | 252,400 | 1,606,319
|  | 252,400 | 1,876,912
Page 4
QUARTZ HOLDCO LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 273,663 | 249,996
|  | 273,663 | 249,996
| Amounts falling due 1-2 years |  |
| Bank loans | - | 270,593
|  | - | 270,593
|  | 273,663 | 520,589
| Bank loans are secured by way of a fixed and floating charge over the assets of the company and a cross guarantee from Potter Cowan (Belfast) Limited and Errigal Contracts Group Limited.
9. | Controlling party
The immediate and ultimate parent undertaking of the company is Errigal Contracts Group Limited, a company registered in the Republic of Ireland. The smallest and largest undertaking of which the company is a member, and for which group financial statements are prepared is Errigal Contracts Group Limited, a company incorporated in the Republic of Ireland. Group financial statements for this company are prepared and are available to the public from the company's registered office. Mr Damien Treanor and Mr Cormac McCloskey are considered to be the ultimate controlling parties of Errigal Contracts Limited by virtue of their shareholding in the parent company.
10. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified. The audit report was signed on 9 September 2025 by Teresa Campbell (Senior statutory auditor) on behalf of AAB Group Accountants Limited.
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