Registration number: 04364550

Quaysport Menorca Limited

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 9

Quaysport Menorca Limited

Company Information

Directors

Mrs J A Hall Mr P R Hall Mrs A M Hall Mr J A Hall

Company secretary

Mrs A M Hall

Registered office

Mountbatten House Grosvenor Square Southampton Hampshire SO15 2JU

Accountants

Numeric Accounting Chartered Certified AccountantsSuite 1 The Portway Centre Old Sarum Park Old Sarum Salisbury Wiltshire SP4 6EB

Quaysport Menorca Limited

(Registration number: 04364550)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	516	-
Current assets
Debtors	5	797	5,436
Cash at bank and in hand		120,990	115,943
		121,787	121,379
Creditors: Amounts falling due within one year	6	(68,531)	(68,526)
Net current assets		53,256	52,853
Net assets		53,772	52,853
Capital and reserves
Called up share capital	7	200	200
Retained earnings		53,572	52,653
Shareholders' funds		53,772	52,853

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2025 and signed on its behalf by:
 

......................................... Mr P R Hall Director

Quaysport Menorca Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital £	Retained earnings £	Total £
At 1 January 2024	200	52,653	52,853
Profit for the year	-	919	919
At 31 December 2024	200	53,572	53,772

	Share capital £	Retained earnings £	Total £
At 1 January 2023	200	50,500	50,700
Profit for the year	-	2,153	2,153
At 31 December 2023	200	52,653	52,853

Quaysport Menorca Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Mountbatten House
Grosvenor Square
Southampton
Hampshire
SO15 2JU

These financial statements were authorised for issue by the Board on 18 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Quaysport Menorca Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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 balance sheet date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer Equipment	33% Straight Line

Leases

Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge
allocated to future periods.

Quaysport Menorca Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

Quaysport Menorca Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
Additions	580	580
At 31 December 2024	580	580
Depreciation
Charge for the year	64	64
At 31 December 2024	64	64
Carrying amount
At 31 December 2024	516	516

5

Debtors

Current	2024 £	2023 £
Other debtors	797	5,436
	797	5,436

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Accruals and deferred income	1,135	1,130
Other creditors	67,396	67,396
	68,531	68,526

Quaysport Menorca Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	200	200	200	200

8	Related party transactions

The company was under the control of Mr Peter Hall throughout the current year. Mr Hall is the Chairman, Managing Director and majority shareholder.

Quaysport Menorca S.L:

Included in other debtors is an amount due to Quaysport Menorca S.L, a company under the control of Mr P Hall, is nil (2023 : Other Debtor £4,283) at the balance sheet date.

Admin charges of £5,066 (2023 - £7,205) were charged by the company to Quaysport Menorca S.L. during the year.

Training course income of £24,428 (2023 - £19,904) were recharged by Quaysport Menorca S.L to the company during the year.

Transactions with directors

2024	At 1 January 2024 £	At 31 December 2024 £
Mr P R Hall
The loan is interest free with no fixed date of repayment.	(15,073)	(15,073)
Mrs J A Hall
The loan is interest free with no fixed date of repayment.	(52,323)	(52,323)

Quaysport Menorca Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

8	Related party transactions (continued)

2023	At 1 January 2023 £	At 31 December 2023 £
Mr P R Hall
The loan is interest free with no fixed date of repayment.	(15,073)	(15,073)
Mrs J A Hall
The loan is interest free with no fixed date of repayment.	(52,323)	(52,323)