Quantum Switch Europe LTD Group accounts (Group and Company)

COMPANY REGISTRATION NUMBER: 15700065

Quantum Switch Europe LTD

Unaudited Financial Statements

31 December 2024

Quantum Switch Europe LTD

Financial Statements

Period ended 31 December 2024

Contents	Page

Directors' report	1

Consolidated statement of income and retained earnings	2

Company statement of income and retained earnings	3

Consolidated statement of financial position	4

Company statement of financial position	5

Notes to the financial statements	6

Quantum Switch Europe LTD

Directors' Report

Period ended 31 December 2024

The directors present their report and the unaudited financial statements of the group for the Period ended 31 December 2024 .

Directors

The directors who served the company during the Period were as follows:

Mr R W Bailey	(Appointed 2 May 2024)
MR T F Bawtree	(Appointed 2 May 2024)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 26 September 2025 and signed on behalf of the board by:

MR T F Bawtree

Director

Registered office:

Suite 702

Eagle Tower

Montpellier Drive

Cheltenham

GL501TA

Quantum Switch Europe LTD

Consolidated Statement of Income and Retained Earnings

Period ended 31 December 2024

	2024
Note	£
Turnover	1,080,907

	------------
Gross profit	1,080,907

Administrative expenses	1,108,609
	------------
Operating loss	( 27,702)

	------------
Loss before taxation	( 27,702)

Tax on loss	–
	--------
Loss for the financial period and total comprehensive income	( 27,702)
	--------

Retained earnings at the start of the period	–
	--------
Retained losses at the end of the period	( 27,702)
	--------

All the activities of the group are from continuing operations.

Quantum Switch Europe LTD

Company Statement of Income and Retained Earnings

Period ended 31 December 2024

		2024
Note		£
Retained earnings at the start of the period		–

Quantum Switch Europe LTD

Consolidated Statement of Financial Position

31 December 2024

	2024
Note	£

Current assets

Debtors	4	1,627,433
Cash at bank and in hand		1,531,128
		------------
		3,158,561

Creditors: amounts falling due within one year	6	3,186,163
		------------
Net current liabilities		27,602
		--------
Total assets less current liabilities		( 27,602)
		--------
Net liabilities		( 27,602)
		--------

Capital and reserves

Called up share capital	100
Profit and loss account	( 27,702)
	--------
Shareholders deficit	( 27,602)
	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the Period 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 financial statements for the Period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

MR T F Bawtree

Director

Company registration number: 15700065

Quantum Switch Europe LTD

Company Statement of Financial Position

31 December 2024

	2024
Note	£

Current assets

Debtors	4	100
Investments	5	203
		----
		303

Creditors: amounts falling due within one year	6	203
		----
Net current assets		100
		----
Total assets less current liabilities		100
		----

Capital and reserves

Called up share capital	100
	----
Shareholders funds	100
	----

The profit for the financial Period of the parent company was £Nil.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the Period 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 financial statements for the Period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

MR T F Bawtree

Director

Company registration number: 15700065

Quantum Switch Europe LTD

Notes to the Financial Statements

Period ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 702, Eagle Tower, Montpellier Drive, Cheltenham, GL501TA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

(a) Disclosures in respect of each class of share capital have not been presented.

(b) No cash flow statement has been presented for the company.

(c) Disclosures in respect of financial instruments have not been presented.

(d) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The financial statements consolidate the financial statements of Quantum Switch Europe LTD and all of its subsidiary undertakings.

The results of subsidiaries acquired or disposed of during the Period are included from or to the date that control passes.

The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not presented its individual profit and loss account.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Debtors

	Group	Company
	2024	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,097,573	–
Other debtors	529,860	100
	------------	----
	1,627,433	100
	------------	----

5. Investments

	Group	Company
	2024	2024
	£	£
Investments in group undertakings	–	203
	----	----

6. Creditors: amounts falling due within one year

	Group	Company
	2024	2024
	£	£
Trade creditors	773,166	–
Other creditors	–	203
Other creditors	2,412,997	–
	------------	----
	3,186,163	203
	------------	----