Company registration number 14601575 (England and Wales)
QAM V UK LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
QAM V UK LTD
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 8
QAM V UK LTD
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
Current assets
Trade and other receivables
3
82,631
143,242
Cash and cash equivalents
212,228
16,050
294,859
159,292
Current liabilities
Trade and other payables
4
166,878
99,578
Net current assets
127,981
59,714
Net assets
127,981
59,714
Equity
Called up share capital
5
20,000
20,000
Share premium account
6
649,000
649,000
Equity reserve
7
419,927
-
0
Retained earnings
(960,946)
(609,286)
Total equity
127,981
59,714

The notes on pages 2 to 8 form an integral part of these financial statements.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.

The financial statements were approved by the board of directors and authorised for issue on 30 September 2025 and are signed on its behalf by:
J Jimenez
Director
Company registration number 14601575 (England and Wales)
QAM V UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

QAM V UK Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 58 Marylebone High Street, London, United Kingdom, W1U 5HT. The company's principal activities and nature of its operations are disclosed in the directors' report.

1.1
Reporting period

The prior period of financial statements cover the period from incorporation on 18 January 2023 to 31 December 2023. As a result the amounts presented in the financial statements are not entirely comparable.

1.2
Accounting convention

The financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted for use in the United Kingdom and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS, except as otherwise stated.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The true company is dependent upon continued support from the shareholders, who have provided written confirmation of their willingness to provide continued support to the company for the foreseeable future, defined as at least 12 months from the date of signing these financial statements for the period ended 31 December 2023. Based on this support, the directors continue to consider it appropriate to prepare these financial statements on the going concern basis.

1.4
Revenue

Revenue is measured based on the consideration specified in a contract with a customer and excludes amounts collected on behalf of third parties. The company recognises revenue when it transfers control of a service to a customer.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major source of revenue is as follows:

The provision of management consultancy services has a single performance obligation, and revenue is recognised over time, in relation to the period it relates to.

1.5
Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.6
Financial assets

Financial assets are recognised in the company's Statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets are classified into specified categories, depending on the nature and purpose of the financial assets.

At initial recognition, financial assets classified as fair value through profit and loss are measured at fair value and any transaction costs are recognised in profit or loss. Financial assets not classified as fair value through profit and loss are initially measured at fair value plus transaction costs.

QAM V UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Financial assets held at amortised cost

Financial instruments are classified as financial assets measured at amortised cost where the objective is to hold these assets in order to collect contractual cash flows, and the contractual cash flows are solely payments of principal and interest. They arise principally from the provision of services to customers (eg trade receivables). They are initially recognised at fair value plus transaction costs directly attributable to their acquisition or issue, and are subsequently carried at amortised cost using the effective interest rate method, less provision for impairment where necessary.

Impairment of financial assets

Financial assets carried at amortised cost are assessed for indicators of impairment at each reporting end date.

The expected credit losses associated with these assets are estimated on a forward-looking basis. A broad range of information is considered when assessing credit risk and measuring expected credit losses, including past events, current conditions, and reasonable and supportable forecasts that affect the expected collectability of the future cash flows of the instrument.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

1.7
Financial liabilities

The company recogni s es financial debt when the company becomes a party to the contractual provisions of the instruments. Financial liabilities are classified as either 'financial liabilities at fair value through profit or loss' or 'other financial liabilities'.

Other financial liabilities

Other financial liabilities, including t rade and other payables, and amounts owed to related parties, are initially measured at fair value net of transaction costs directly attributable to the issuance of the financial liability. They are subsequently measured at amortised cost using the effective interest method. For the purposes of each financial liability, interest expense includes initial transaction costs and any premium payable on redemption, as well as any interest or coupon payable while the liability is outstanding.

Derecognition of financial liabilities

Financial liabilities are derecognised when, and only when, the company’s obligations are discharged, cancelled, or they expire.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

1.9
Taxation

The tax expense represents the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the period. Taxable profit differs from net profit as r eported in the Income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

QAM V UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax is the tax expected to be payable or recoverable on differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are generally recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Such assets and liabilities are not recognised if the temporary difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

QAM V UK LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash absorbed by operations
(223,909)
(652,950)
Net cash outflow from operating activities
(223,909)
(652,950)
Investing activities
Interest received
160
-
0
Net cash generated from/(used in) investing activities
160
-
Financing activities
Proceeds from issue of shares
-
0
669,000
Capital contribution
419,927
-
0
Net cash generated from financing activities
419,927
669,000
Net increase in cash and cash equivalents
196,178
16,050
Cash and cash equivalents at beginning of year
16,050
-
0
Cash and cash equivalents at end of year
212,228
16,050

The notes on pages 2 to 8 form an integral part of these financial statements.

QAM V UK LTD
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
2
Employees

The directors are paid via another group company, and the directors do not believe that it is practical to apportion this amount between services as directors of the company and their services to the wider group. Therefore no recharge is made to the company during the period.

2024
2023
Number
Number
Total
0
0
3
Trade and other receivables
2024
2023
£
£
Trade receivables
72,120
-
0
VAT recoverable
-
0
133,242
Other receivables
10,000
10,000
Prepayments
511
-
0
82,631
143,242

The directors consider that the carrying amount of trade and other receivables is approximately equal to their fair value. Information regarding the company's credit risk is disclosed in Note .

4
Trade and other payables
2024
2023
£
£
Trade payables
49,535
50,938
Amounts owed to related parties
69,517
44,640
Accruals
4,500
4,000
Social security and other taxation
43,326
-
0
166,878
99,578

The directors consider that the carrying amount of trade and other payables is approximately equal to their fair value.

Amounts owed to related parties are unsecured, do not bear interest, have no fixed repayment dates and therefore are deemed repayable on demand. Further information regarding related parties are included in Note 9.

QAM V UK LTD
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
5
Share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary Shares of £1 each
5
5
5
5
B Ordinary Shares of £1 each
5
5
5
5
C Ordinary Shares of £1 each
5
5
5
5
D Ordinary Shares of £1 each
5
5
5
5
E Ordinary Shares of £1 each
5
5
5
5
F Ordinary Shares of £1 each
5
5
5
5
Deferred Shares of 1p each
1,997,000
1,997,000
19,970
19,970
1,997,030
1,997,030
20,000
20,000

Ordinary shares carry full rights of voting. All shares have the right to participate in any distribution or dividends payable and rank pari passu in respect of dividends and on winding up.

6
Share premium account
2024
2023
£
£
At the beginning of the year
649,000
-
0
Issue of new shares
-
649,000
At the end of the year
649,000
649,000

Share premium relates to the excess of the amount received by the company, over the par value of the shares.

7
Equity reserve
2024
2023
£
£
At the beginning of the year
-
0
-
0
Arising in the year
419,927
-
0
At the end of the year
419,927
-
0
8
Capital risk management

The company's objectives when managing capital is to safeguard its ability to continue as a going concern, so that it can provide returns for shareholders and benefits for other stakeholders. It also includes maintaining an optimum capital structure to reduce the cost of capital. Capital is regarded as total equity, as recognised in the S tatement of financial position. Further information regarding the issue of share capital during the period is set out in Note 5.

The company is not subject to any externally imposed capital requirements.

QAM V UK LTD
STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
9
Related party transactions
Remuneration of key management personnel

The company have no key management personnel that are different to the company's directors. Information regarding the remuneration of the company's directors are included in Note 2.

Other transactions with related parties

During the year, the company entered into the following transactions with related parties:

Provision of services
2024
2023
£
£
Other related parties
1,012,968
456,321

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Other related parties
69,518
44,640

Amounts owed to related parties are unsecured, do not bear interest, have no fixed repayment dates and therefore are deemed repayable on demand.

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Other related parties
72,120
-

Amounts owed to related parties are unsecured, do not bear interest, have no fixed repayment dates and therefore are deemed repayable on demand.

Other information

Other related parties relate to companies under common control.

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