IRIS Accounts Production v25.2.0.378 05606595 Board of Directors 1.11.23 30.4.25 30.4.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05606595 2023-10-31 05606595 2025-04-30 05606595 2023-11-01 2025-04-30 05606595 2022-10-31 05606595 2022-11-01 2023-10-31 05606595 2023-10-31 05606595 ns15:EnglandWales 2023-11-01 2025-04-30 05606595 ns14:PoundSterling 2023-11-01 2025-04-30 05606595 ns10:Director1 2023-11-01 2025-04-30 05606595 ns10:PrivateLimitedCompanyLtd 2023-11-01 2025-04-30 05606595 ns10:SmallEntities 2023-11-01 2025-04-30 05606595 ns10:AuditExempt-NoAccountantsReport 2023-11-01 2025-04-30 05606595 ns10:SmallCompaniesRegimeForDirectorsReport 2023-11-01 2025-04-30 05606595 ns10:SmallCompaniesRegimeForAccounts 2023-11-01 2025-04-30 05606595 ns10:FullAccounts 2023-11-01 2025-04-30 05606595 ns10:OrdinaryShareClass1 2023-11-01 2025-04-30 05606595 ns10:Director2 2023-11-01 2025-04-30 05606595 ns10:CompanySecretary1 2023-11-01 2025-04-30 05606595 ns10:RegisteredOffice 2023-11-01 2025-04-30 05606595 ns5:CurrentFinancialInstruments 2025-04-30 05606595 ns5:CurrentFinancialInstruments 2023-10-31 05606595 ns5:Non-currentFinancialInstruments 2025-04-30 05606595 ns5:Non-currentFinancialInstruments 2023-10-31 05606595 ns5:ShareCapital 2025-04-30 05606595 ns5:ShareCapital 2023-10-31 05606595 ns5:RetainedEarningsAccumulatedLosses 2025-04-30 05606595 ns5:RetainedEarningsAccumulatedLosses 2023-10-31 05606595 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-10-31 05606595 ns5:FurnitureFittings 2023-10-31 05606595 ns5:ComputerEquipment 2023-10-31 05606595 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-11-01 2025-04-30 05606595 ns5:FurnitureFittings 2023-11-01 2025-04-30 05606595 ns5:ComputerEquipment 2023-11-01 2025-04-30 05606595 ns5:LandBuildings ns5:ShortLeaseholdAssets 2025-04-30 05606595 ns5:FurnitureFittings 2025-04-30 05606595 ns5:ComputerEquipment 2025-04-30 05606595 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-10-31 05606595 ns5:FurnitureFittings 2023-10-31 05606595 ns5:ComputerEquipment 2023-10-31 05606595 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-04-30 05606595 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-10-31 05606595 ns5:Secured 2025-04-30 05606595 ns5:Secured 2023-10-31 05606595 ns10:OrdinaryShareClass1 2025-04-30 05606595 1 ns10:Director1 2023-10-31 05606595 1 ns10:Director1 2022-10-31 05606595 1 ns10:Director1 2023-11-01 2025-04-30 05606595 1 ns10:Director1 2022-11-01 2023-10-31 05606595 1 ns10:Director1 2025-04-30 05606595 1 ns10:Director1 2023-10-31

REGISTERED NUMBER: 05606595 (England and Wales)

| QRA LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE PERIOD |

| 1 NOVEMBER 2023 TO 30 APRIL 2025 |

QRA LIMITED (REGISTERED NUMBER: 05606595)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 APRIL 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |  | to |  | 5

QRA LIMITED

COMPANY INFORMATION

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 APRIL 2025

| DIRECTORS: | N R Parnham

| Mrs J A Parnham

| SECRETARY: | Mrs J A Parnham

| REGISTERED OFFICE: | Clough Farm Cottage

| South Ormsby Road

| Tetford

| Lincolnshire

| LN9 6QF

| REGISTERED NUMBER: | 05606595 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| Oxley House

| Lincoln Way

| Louth

| Lincolnshire

| LN11 0LS

QRA LIMITED (REGISTERED NUMBER: 05606595)

STATEMENT OF FINANCIAL POSITION

30 APRIL 2025

| 2025 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 1,535 |  |

CURRENT ASSETS

Debtors | 5 | 4,928 |  | 34,829 |  |

Cash at bank | 1,286 |  | 187 |  |

6,214 |  | 35,016 |  |

CREDITORS

Amounts falling due within one year | 6 | 6,114 |  | 11,321 |  |

NET CURRENT ASSETS | 100 |  | 23,695 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 100 |  | 25,230 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | 15,127 |  |

NET ASSETS | 100 |  | 10,103 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 100 |  | 100 |  |

Retained earnings | - |  | 10,003 |  |

SHAREHOLDERS' FUNDS | 100 |  | 10,103 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by:

N R Parnham - Director

QRA LIMITED (REGISTERED NUMBER: 05606595)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 APRIL 2025

1. | STATUTORY INFORMATION

| QRA 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.

| Turnover

| Services provided to clients during the year, which at the balance sheet date have not been billed to clients, have been recognised as turnover in accordance with Financial Reporting Standard 5 'Reporting the substance of transactions : Application Note G Revenue Recognition'. Turnover recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company. Unbilled revenue is included in debtors.

| Tangible fixed assets

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

| Short leasehold improvements - 5% on cost

| Fixture and fittings - 20% on cost

| Computer equipment - 25% on cost

| 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

QRA LIMITED (REGISTERED NUMBER: 05606595)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 APRIL 2025

2. | ACCOUNTING POLICIES - continued

| 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 period 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

| The company ceased to trade on the 30 April 2025.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Short |  | Fixtures |

| leasehold |  | and |  | Computer |

| improvements |  | fittings |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 November 2023 | 4,840 |  | 2,414 |  | 4,875 |  | 12,129 |  |

| Disposals | (4,840 | ) | (2,414 | ) | (4,875 | ) | (12,129 | ) |

| At 30 April 2025 | - |  | - |  | - |  | - |  |

| DEPRECIATION

| At 1 November 2023 | 3,305 |  | 2,414 |  | 4,875 |  | 10,594 |  |

| Charge for period | 168 |  | - |  | - |  | 168 |  |

| Eliminated on disposal | (3,473 | ) | (2,414 | ) | (4,875 | ) | (10,762 | ) |

| At 30 April 2025 | - |  | - |  | - |  | - |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  | - |  | - |  | - |  |

| At 31 October 2023 | 1,535 |  | - |  | - |  | 1,535 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2023 |

£ | £ |

| Trade debtors | 1,356 |  | 1,275 |  |

| Other debtors | 3,572 |  | 33,554 |  |

4,928 |  | 34,829 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2023 |

£ | £ |

| Trade creditors | 1,327 |  | 1,448 |  |

| Taxation and social security | 3,527 |  | 6,256 |  |

| Other creditors | 1,260 |  | 3,617 |  |

6,114 |  | 11,321 |  |

QRA LIMITED (REGISTERED NUMBER: 05606595)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE PERIOD 1 NOVEMBER 2023 TO 30 APRIL 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2023 |

£ | £ |

| Other creditors | - |  | 15,127 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2023 |

£ | £ |

| Other loans | - |  | 17,490 |  |

| The loan and bank overdraft are secured on the assets held by the company.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2023 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the period ended 30 April 2025 and the year ended 31 October 2023:

2025 | 2023 |

£ | £ |

| N R Parnham

| Balance outstanding at start of period | 33,554 |  | 16,517 |  |

| Amounts advanced | 9,525 |  | 34,037 |  |

| Amounts repaid | (39,506 | ) | (17,000 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | 3,573 |  | 33,554 |  |

| The directors' loan is unsecured and repayable on demand. Interest has been charged at HM Revenue and Customs official rate of interest. The directors' loan account was repaid within 9 months of the year end.