Acorah Software Products - Accounts Production 16.7.461 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 11178935 Mr Daniele Stiglitz Mrs Gabriella Palla true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11178935 2024-01-31 11178935 2025-01-31 11178935 2024-02-01 2025-01-31 11178935 frs-core:ShareCapital 2025-01-31 11178935 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 11178935 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11178935 frs-bus:AbridgedAccounts 2024-02-01 2025-01-31 11178935 frs-bus:SmallEntities 2024-02-01 2025-01-31 11178935 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11178935 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11178935 1 2024-02-01 2025-01-31 11178935 frs-core:CostValuation 2024-01-31 11178935 frs-core:AdditionsToInvestments 2025-01-31 11178935 frs-core:CostValuation 2025-01-31 11178935 frs-bus:Director1 2024-02-01 2025-01-31 11178935 frs-bus:Director2 2024-02-01 2025-01-31 11178935 frs-countries:EnglandWales 2024-02-01 2025-01-31 11178935 2023-01-31 11178935 2024-01-31 11178935 2023-02-01 2024-01-31 11178935 frs-core:ShareCapital 2024-01-31 11178935 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 11178935
Queequeg Enterprises Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 January 2025
Queequeg Enterprises Ltd
Contents
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—6
Page 1
Queequeg Enterprises Ltd
Abridged Balance Sheet
As At 31 January 2025
Abridged Balance Sheet
Registered number: 11178935
2025 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 13,355 13,269
13,355 13,269
CURRENT ASSETS
Debtors 5 1,966,337 2,001,379
Cash at bank and in hand 6,614 3,145
1,972,951 2,004,524
Creditors: Amounts Falling Due Within One Year 6,751 (5,012 )
NET CURRENT ASSETS (LIABILITIES) 1,979,702 1,999,512
TOTAL ASSETS LESS CURRENT LIABILITIES 1,993,057 2,012,781
NET ASSETS 1,993,057 2,012,781
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account 1,993,055 2,012,779
SHAREHOLDERS' FUNDS 1,993,057 2,012,781
Page 1
Page 2
Queequeg Enterprises Ltd
Abridged Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 January 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Gabriella Palla
Director
11/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Queequeg Enterprises Ltd
Notes to the Abridged Financial Statements
For The Year Ended 31 January 2025
Notes to the Abridged Financial Statements
1. General Information
Queequeg Enterprises Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11178935 . The registered office is 2nd Floor The Works, 14 Turnham Green Terrace Mews, Chiswick, W4 1QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company’s accounting policies. No critical judgements have been applied to these financial statements.
The financial statements have been prepared under the historical cost convention.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
2.2. Going Concern Disclosure
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
2.3. Leasing and Hire Purchase Contracts
The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Comprehensive Income over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
2.4. Financial Instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors, loans to fellow group companies, other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
...CONTINUED
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Queequeg Enterprises Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 January 2025
2.4. Financial Instruments - continued
Basic financial liabilities
Basic financial liabilities, including loans from fellow group companies and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.
2.5. Foreign Currencies
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
2.6. Taxation
Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
2.7. Fixed asset investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. 
Subsequently, they are measured at cost less impairment.
2.8. Dividend income
Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).
2.9. Group accounts exemption
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
3. Average Number of Employees
Monthly average number of persons employed by the Company during the year, including directors was nil  NIL (2024: )
- -
Page 4
Page 5
Queequeg Enterprises Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 January 2025
4. Investments
Total
£
Cost or Valuation
As at 1 February 2024 13,255
Additions 100
As at 31 January 2025 13,355
Provision
As at 1 February 2024 -
As at 31 January 2025 -
Net Book Value
As at 31 January 2025 13,355
As at 1 February 2024 13,255
Name of entity
Registered Office
Nature of Business
Class of Shares
Ownership 31.01.2025
Ownership 31.01.2024
Calcio Bioenergy Project
Basiglio (MI) Via C. Colombo 102 Cap 20080 Residenza Astri
Project Development
Ordinary
100.00%
100.00%
Stradella Bioenergy Project 
Basiglio (MI) Via C. Colombo 102 Cap 20080 Residenza Astri
Project Development
Ordinary
100.00%
100.00%
Queequeg Renewables Holdings Ltd
2nd Floor The Works, 14 Turnham Green Terrace Mews, Chiswick, London
Holding Company
Ordinary
100.00%
0.00%
During the year, the Company transferred its historic subsidiary investments in Blenheim PV Ltd (QQR Project Company 10 Ltd), Dunkheld Project Company Ltd (QQR Project Company 11 Ltd) and Ranch Moor Project Company Limited (QQR Project Company 12 Ltd) to its parent company, Queequeg Renewables UK Ltd.
The joint venture, Field Farm Solar Ltd, was dissolved during the year.
A new subsidiary, Queequeg Renewables Holdings Ltd, was incorporated and the Company subscribed £100 for ordinary shares during the financial year.
Page 5
Page 6
Queequeg Enterprises Ltd
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 January 2025
5. Debtors
2025 2024
£ £
Due after more than one year
2025
2024
£
£
Amount owed by own subsidiaries
28,239
28,239
Amount owed by associates
18,191
Other Debtors
1,938,098
1,954,949
image1,966,337
image2,001,379
image
image
Included within debtors is an amount of £1,954,655 (2024: £1,954,655) due from the directors.
The amount is unsecured, interest-free and repayable on demand.
The balance remained outstanding at the year end and was repaid during the course of the following financial year.
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Ordinary shares are classified as equity.  Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from proceeds.
7. Capital Commitments
The Company had no material capital commitments at the year ended 31 January 2025.
8. Post Balance Sheet Events
There have been no events after the Balance Sheet date affecting the Company since the financial year.
9. Ultimate Controlling Party
The directors do not consider there to be an ultimate controlling party.
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