Registration number: 13878761

QUANTUM LIGHT MANAGEMENT LTD

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

QUANTUM LIGHT MANAGEMENT LTD

Company Information

Director

Mr I Kondrashow

Company secretary

Laggan Secretaries Limited

Registered office

5th Floor, North Side 7/10 Chandos Street Cavendish Square London London W1G 9DQ

QUANTUM LIGHT MANAGEMENT LTD

(Registration number: 13878761)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	22,497	29,239
Current assets
Debtors	5	1,368,286	1,071,771
Cash at bank and in hand		488,270	177,923
		1,856,556	1,249,694
Creditors: Amounts falling due within one year	6	(241,200)	(205,825)
Net current assets		1,615,356	1,043,869
Net assets		1,637,853	1,073,108
Capital and reserves
Called up share capital	7	4,500,100	3,650,100
Retained earnings		(2,862,247)	(2,576,992)
Shareholders' funds		1,637,853	1,073,108

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved and authorised by the director on 29 December 2025
 

......................................... Mr I Kondrashow Director

QUANTUM LIGHT MANAGEMENT LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
5th Floor, North Side 7/10 Chandos Street
Cavendish Square
London
London
W1G 9DQ
United Kingdom

These financial statements were authorised for issue by the director on 29 December 2025.

2	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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

The presentation currency of the company is GBP, which is also the functional currency, determined based on the primary economic environment in which the entity operates.
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

QUANTUM LIGHT MANAGEMENT LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Taxation

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change
attributable to an item of income or expense recognised as other comprehensive income is also recognised
directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at historical cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimate useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	over 5 years straight line
Office equipment	over 4 years straight line
Plant and Machinery	over 4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

QUANTUM LIGHT MANAGEMENT LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 13 (2023 - 10).

QUANTUM LIGHT MANAGEMENT LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Other tangible assets  £	Total £
Cost or valuation
At 1 January 2024	704	40,640	-	41,344
Additions	769	2,209	916	3,894
At 31 December 2024	1,473	42,849	916	45,238
Depreciation
At 1 January 2024	178	11,927	-	12,105
Charge for the year	156	10,454	26	10,636
At 31 December 2024	334	22,381	26	22,741
Carrying amount
At 31 December 2024	1,139	20,468	890	22,497
At 31 December 2023	526	28,713	-	29,239

5

Debtors

Current	2024 £	2023 £
Trade debtors	17,368	12,299
Prepayments	75,432	75,757
Other debtors	1,275,486	983,715
	1,368,286	1,071,771

6

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	93,942	53,337
Taxation and social security	62,401	52,378
Accruals and deferred income	22,406	18,602
Other creditors	62,451	81,508
	241,200	205,825

QUANTUM LIGHT MANAGEMENT LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

8	Contingent assets

The company is in the process of preparing a Research and Development (R&D) tax credit claim for the year ended 31 December 2024.
As the claim has not yet been submitted or assessed, the amount recoverable and timing of receipt remain uncertain. Consequently, no asset has been recognized in the financial statements at 31 December 2024. The directors consider that a claim is probable, but the ultimate outcome will be confirmed only upon submission and approval by HM Revenue & Customs.