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Company Registration No. SC500563 (Scotland)
Quarrywood Holdings Limited Unaudited accounts for the year ended 31 March 2025
Quarrywood Holdings Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Quarrywood Holdings Limited Company Information for the year ended 31 March 2025
Director
Ian Oliva
Company Number
SC500563 (Scotland)
Registered Office
c/o JK Business Services Ltd Axwell House 2 Westerton Road Broxburn EH52 5AU United Kingdom
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Quarrywood Holdings Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
114,752
114,752
Investments
5
50
50
114,802
114,802
Current assets
Debtors
6
694,100
693,957
Cash at bank and in hand
3,592
2,688
697,692
696,645
Creditors: amounts falling due within one year
7
(815,483)
(808,508)
Net current liabilities
(117,791)
(111,863)
Net (liabilities)/assets
(2,989)
2,939
Capital and reserves
Called up share capital
100
100
Profit and loss account
(3,089)
2,839
Shareholders' funds
(2,989)
2,939
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 October 2025 and were signed on its behalf by
Ian Oliva Director Company Registration No. SC500563
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Quarrywood Holdings Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Quarrywood Holdings Limited is a private company, limited by shares, registered in Scotland, registration number SC500563. The registered office is c/o JK Business Services Ltd, Axwell House, 2 Westerton Road, Broxburn, EH52 5AU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at fair market value. Any increases in value are recognised in the income statement. Deferred taxation is provided on these increases at the rate expected to apply when the property is sold.
4
Investment property
2025
£
Fair value at 1 April 2024
114,752
At 31 March 2025
114,752
5
Investments
Subsidiary undertakings
£
Valuation at 1 April 2024
50
Valuation at 31 March 2025
50
The above investment comprises of a 50% shareholding in Chesser Homes Limited, a private company registered in Scotland.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
681,950
681,950
Other debtors
12,150
12,007
694,100
693,957
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Quarrywood Holdings Limited Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
815,483
808,308
Accruals
-
200
815,483
808,508
8
Transactions with related parties
The company operates with loans from its director. The balance due to the director at the balance sheet date totals £815,483 (PY: £808,308) which is included within creditors due within one year per Note 8 above. This loan has no scheduled repayment date and no interest is payable for this financial year. During the year the company operated a loan account with Chesser Homes Limited, a company in which it holds a 50% shareholding and in which Ian Oliva holds appointment as a director. This loan balance of £681,950 (PY: £681,950) is included in Debtors per Note 7 above.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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