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Company No: 07999096 (England and Wales)

# QUINTIN (UK) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

QUINTIN (UK) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

QUINTIN (UK) LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
QUINTIN (UK) LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 100 |  | 100
|  | 100 |  | 100
Current assets |  |  |  |
Debtors |  |  |  |
- due within one year | 4 | 330,751 |  | 118,331
- due after more than one year | 4 | 23,280 |  | 23,173
Cash at bank and in hand |  | 175 |  | 0
|  | 354,206 |  | 141,504
Creditors: amounts falling due within one year | 5 | ( 371,112) |  | ( 154,604)
Net current liabilities |  | (16,906) |  | (13,100)
Total assets less current liabilities |  | (16,806) |  | (13,000)
Net liabilities |  | ( 16,806) |  | ( 13,000)
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | ( 16,906 ) |  | ( 13,100 )
Total shareholders' deficit |  | ( 16,806) |  | ( 13,000)

For the financial year ending 31 March 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 financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Quintin (UK) Limited (registered number: 07999096) were approved and authorised for issue by the Director. They were signed on its behalf by:

M P Jacobs Director |

11 September 2025

QUINTIN (UK) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
QUINTIN (UK) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Quintin (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The financial statements have been prepared on the going concern basis which assumes that the Company will continue to operate for the foreseeable future, being a period of at least twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due. The Company made a loss before tax for the year amounting to £3,806 and has net liabilities of £16,806.
The director is continuing to look into restructuring the business to simplify operations and reduce overall costs across the Group. The Group is dependent on the support currently provided by an entity in which the director has joint control to enable it to meet its financial obligations as they fall due and also on this entity not seeking repayment of loans. The directors of the entity have confirmed their support will continue for at least 12 months from the date of signature of these accounts and further funding will be made available if required.
Based on all the above, the director believes that the Company has adequate resources to continue in operational existence for the foreseeable future and that it is appropriate to continue to use the going concern basis for the preparation of these financial statements.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.

##### 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.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans to and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors, accruals and loans to related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 1 |  | 1

#### 3. Fixed asset investments

Investments in subsidiaries

| 2024
| £
Cost |
At 01 April 2023 | 100
At 31 March 2024 | 100
Carrying value at 31 March 2024 | 100
Carrying value at 31 March 2023 | 100

Investments in shares

The following was a subsidiary undertaking of the Company:

Name of entity | Registered office | Principal activity | Class of shares | Ownership 31.03.2024 | Ownership 31.03.2023 | Held
Millbrae Trading Limited | 35 Ballards Lane, London, N3 1XW | Proprietary trading in financial securities | Ordinary | 100.00% | 100.00% | Direct

The aggregate of the share capital and reserves as at 31 March 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:
Aggregate of share capital and reserves: £193,559
Profit/(Loss): £85,731

#### 4. Debtors

| 2024 |  | 2023
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Other debtors | 330,751 |  | 118,331
Debtors: amounts falling due after more than one year |  |  |
Other debtors | 23,280 |  | 23,173

#### 5. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Bank overdrafts | 0 |  | 48
Trade creditors | 380 |  | 3,960
Amounts owed to own subsidiaries | 222,070 |  | 3,740
Accruals | 4,800 |  | 1,620
Other creditors | 143,862 |  | 145,236
| 371,112 |  | 154,604

#### 6. Related party transactions

Included within other debtors due within one year is a balance of £291,135 (2023: £74,270) due from the director. This amount consists of an opening balance of £74,270, advances of £217,100, repayments of £4,300 and interest of £4,065 (2023: £1,456) which has been charged by the company at the rate of 2.25% per annum (2023: 2%).
Included within debtors is an amount of £38,640 (2023: £38,640) owed by a Limited Liability Partnership in which the director has a participating interest. This balance is unsecured, interest-free and repayable on demand.
Included within creditors is an amount of £222,070 (2023: £3,740) owed to the subsidiary company. This balance is unsecured, interest-free and repayable on demand.
Also included within creditors due within one year are amounts totalling £103,169 (2023: £102,919) owed to entities in which the director has a participating interest. These balances are unsecured, interest-free and repayable on demand.