Quadrant Building Compliance Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 13767347 (England and Wales)

QUADRANT BUILDING COMPLIANCE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

J J Campion

J R Goodwin

N Harper

M G T Marriott

REGISTERED OFFICE:

Socotec House Bretby Business Park

Ashby Road

Bretby

Burton Upon Trent

DE15 0YZ

REGISTERED NUMBER:

13767347 (England and Wales)

SENIOR STATUTORY AUDITOR:

Tara Bellamy FCA

AUDITORS:

Duncan & Toplis Audit Limited, Statutory Auditor

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

CURRENT ASSETS

Debtors

4

872

972

CREDITORS

Amounts falling due within one year

5

16,268

10,503

NET CURRENT LIABILITIES

(15,396

)

(9,531

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(15,396

)

(9,531

)

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

(15,496

)

(9,631

)

SHAREHOLDERS' FUNDS

(15,396

)

(9,531

)

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 20 August 2025 and were signed on its behalf by:

J J Campion - Director

1.	STATUTORY INFORMATION

Quadrant Building Compliance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Quadrant Building Compliance Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, SOCO 1, 5 Place des Freres Montgolfier, 78280 Guyancourt, France.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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 income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern

At the year end, Quadrant Building Compliance Ltd made a loss of £5,865 (2023: £9,631). At the balance sheet date the liabilities were greater than their assets by £15,396 (2023: £9,531)

These accounts have been prepared on a going concern basis, on the understanding that the directors and shareholders will continue to financially support the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

-

100

Other debtors

872

972

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

-

4,045

Amounts owed to group undertakings

10,703

1,213

Other creditors

5,565

5,245

16,268

10,503

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tara Bellamy FCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

8.	ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Vernier Holdings Limited, a company registered in England and Wales.

The ultimate parent undertaking at 31 December 2024 was Polaris Socotec SAS, a company incorporated in France, which owns 100% of Holding Socotec SAS, which as at the the 31 December 2024 held 98.56% of the issued share capital of Phoenix UK 2020 Limited, a company registered in England and Wales, which has been the ultimate domestic parent of this entity from 22 December 2022.

Polaris Socotec SAS was the parent undertaking of the smallest and largest group to consolidate these financial statements and this company is included in the consolidated financial statements of Polaris Socotec SAS, a copy of which will be submitted alongside Socotec Building & Real Estate Holdings Limited's financial statements and may be obtained from The Registrar of Companies, Companies Registration Office, Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.

In the opinion of the directors the ultimate controlling party is Sophinvest SA, a company registered in Luxembourg. Sophinvest SA, owns 63.8% of Soco 1 SAS the ultimate parent undertaking.