Quanmaine LLP OC428200 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is to manage property lettings. Digita Accounts Production Advanced 6.30.9574.0 true true OC428200 2024-04-01 2025-03-31 OC428200 2025-03-31 OC428200 bus:PartnerLLP2 1 2025-03-31 OC428200 core:CurrentFinancialInstruments 2025-03-31 OC428200 core:Non-currentFinancialInstruments 2025-03-31 OC428200 bus:SmallEntities 2024-04-01 2025-03-31 OC428200 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 OC428200 bus:FilletedAccounts 2024-04-01 2025-03-31 OC428200 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 OC428200 bus:RegisteredOffice 2024-04-01 2025-03-31 OC428200 bus:PartnerLLP2 2024-04-01 2025-03-31 OC428200 bus:PartnerLLP2 1 2024-04-01 2025-03-31 OC428200 bus:LimitedLiabilityPartnershipLLP 2024-04-01 2025-03-31 OC428200 countries:AllCountries 2024-04-01 2025-03-31 OC428200 2023-04-01 2024-03-31 OC428200 2024-03-31 OC428200 bus:PartnerLLP2 1 2024-03-31 OC428200 core:CurrentFinancialInstruments 2024-03-31 OC428200 core:Non-currentFinancialInstruments 2024-03-31 OC428200 bus:PartnerLLP2 2023-04-01 2024-03-31 OC428200 bus:PartnerLLP2 1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registration number: OC428200

Quanmaine LLP
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2025

Quanmaine LLP

Contents

Limited liability partnership information | 1
Abridged Financial Statements | 2 to 5
Abridged Balance Sheet | 2
Notes to the Abridged Financial Statements | 4

Quanmaine LLP

Limited liability partnership information

Designated members | Tal Edgar

Registered office | Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Accountants | Tax Innovations Limited Innovations House 19 Staple Gardens Winchester Hampshire SO23 8SR

Quanmaine LLP

(Registration number: OC428200)
Abridged Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Current assets |  |  |
Cash and short-term deposits |  | - | 75
Creditors: Amounts falling due within one year |  | (10,000) | (10,000)
Total assets less current liabilities |  | (10,000) | (9,925)
Creditors: Amounts falling due after more than one year |  | (15,291) | (22,357)
Accruals and deferred income |  | (318) | (1,800)
Net liabilities attributable to members |  | (25,609) | (34,082)
Represented by: |  |  |
Loans and other debts due to members |  |  |
Members' capital classified as a liability |  | (27,107) | (35,582)
Members’ other interests |  |  |
Members' capital classified as equity |  | 1,498 | 1,500
|  | (25,609) | (34,082)
Total members' interests |  |  |
Loans and other debts due to members |  | (27,107) | (35,582)
Equity |  | 1,498 | 1,500
|  | (25,609) | (34,082)

For the year ending 31 March 2025 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

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

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Quanmaine LLP (registered number OC428200) were approved by the Board and authorised for issue on 12 November 2025. They were signed on behalf of the limited liability partnership by:

Quanmaine LLP

(Registration number: OC428200)
Abridged Balance Sheet as at 31 March 2025

......................................... Tal Edgar Designated member

Quanmaine LLP

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

1 | 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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.
These abridged 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.
The functional currency of Quanmaine LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.

Going concern

The financial statements have been prepared on a going concern basis. Eventhough liabilties are in excess to assets, the going concern basis has been accepted as per the members ongoing financial support to the LLP; one of the members has confirmed they are providing the ongoing support by repaying the LLP's loan liability on it's behalf.

Members' remuneration and division of profits

The SORP recognises that the basis of calculating profits for allocation may differ from the profits reflected through the financial statements prepared in compliance with recommended practice, given the established need to seek to focus profit allocation on ensuring equity between different generations and populations of members.
Consolidation of the results of certain subsidiary undertakings, the provision for annuities to current and former members, pension scheme charges, the spreading of acquisition integration costs and the treatment of long leasehold interests are all items which may generate differences between profits calculated for the purpose of allocation and those reported within the financial statements. Where such differences arise, they have been included within other amounts in the balance sheet.
Members' fixed shares of profits (excluding discretionary fixed share bonuses) and interest earned on members' balances are automatically allocated and, are treated as members' remuneration charged as an expense to the profit and loss account in arriving at profit available for discretionary division among members.
The remainder of profit shares, which have not been allocated until after the balance sheet date, are treated in these financial statements as unallocated at the balance sheet date and included within other reserves.

Quanmaine LLP

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date.

2 | Particulars of employees

The average number of persons employed by the limited liability partnership during the year was 1 (2024 - 1).

3 | Related party transactions

Transactions with members

2025 | At 1 April 2024 £ | Advances to members £ | At 31 March 2025 £
Tal Edgar
Loan | 25,201 | (11,730) | 13,471

2024 | At 1 April 2023 £ | Advances to members £ | At 31 March 2024 £
Tal Edgar
Loan | 33,637 | (8,436) | 25,201

4 | Control

The members are the controlling party by virtue of their controlling interest in the limited liability partnership. The ultimate controlling party is the same as the controlling party.