Company Registration No. 08352180 (England and Wales)
Quintessentially Ventures Limited
Unaudited accounts
for the year ended 30 April 2025
Quintessentially Ventures Limited
Unaudited accounts
Contents
Quintessentially Ventures Limited
Company Information
for the year ended 30 April 2025
Company Number
08352180 (England and Wales)
Quintessentially Ventures Limited
Statement of financial position
as at 30 April 2025
Investments
769,107
938,543
Cash at bank and in hand
210,894
445,818
Creditors: amounts falling due within one year
(259,337)
(253,018)
Net current assets
945,085
1,091,325
Total assets less current liabilities
1,714,626
2,034,493
Creditors: amounts falling due after more than one year
(135,971)
(227,129)
Net assets
1,578,655
1,807,364
Called up share capital
27,402
8,402
Share premium
4,220,127
3,764,134
Revaluation reserve
11,631
138,709
Fair value reserve
50,987
383,682
Profit and loss account
(2,731,492)
(2,487,563)
Shareholders' funds
1,578,655
1,807,364
For the year ending 30 April 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 9 January 2026 and were signed on its behalf by
Robert Walsh
Director
Company Registration No. 08352180
Quintessentially Ventures Limited
Notes to the Accounts
for the year ended 30 April 2025
Quintessentially Ventures Limited is a private company, limited by shares, registered in England and Wales, registration number 08352180.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The Group had cash resources of £210,894 at 30 April 2025 (2024: £441,232).
The directors have adopted the going concern basis in preparing these accounts after assessing the principal risks on the business. The directors considered the impact of the current economic environment on the business for the next 12 months. Scenario planning is difficult in these circumstances but we have considered the impact on sales, profits and cash flow. We have assumed that we will continue to be able to support our customers, sell to new clients and scale up our fund management offering.
The directors believe that the Group is well placed to manage its financing and other business risks satisfactorily, and have a reasonable expectation that the Group will have adequate resources to continue in operation for at least 12 months from the signing date of these financial statements. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.
Further information regarding the Company's business activities, together with the factors likely to affect its future development, performance and position, is set out in the Directors' Report.
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
Quintessentially Ventures Limited
Notes to the Accounts
for the year ended 30 April 2025
The tax expense for the period comprises deferred 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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible fixed assets and depreciation
The tax expense for the period comprises deferred 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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows
Computer equipment
3 years straight line
Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the
entity so as to obtain benefits from its activities.
Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each statement of financial position date. Gains and losses on remeasurement are included in the profit and loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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.
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.
Quintessentially Ventures Limited
Notes to the Accounts
for the year ended 30 April 2025
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.
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
interest expense is recognised on the basis of the 11%+SONIA interest method and is included in interest payable and similar
charges if the liability is still outstanding at the end of the period
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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.
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.
Quintessentially Ventures Limited
Notes to the Accounts
for the year ended 30 April 2025
Recognition and measurement
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial
instruments.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings 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 financial asset is measured at the present value of the future receipts discounted at a market rate of interest.
Classification of financial liabilities
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.
Basic financial liabilities
Basic financial liabilities, including trade and other creditors and convertible loans, 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.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2024
4,802
13,087
17,889
At 30 April 2025
4,802
13,087
17,889
At 1 May 2024
4,763
8,501
13,264
Charge for the year
24
4,167
4,191
At 30 April 2025
4,787
12,668
17,455
At 30 April 2025
15
419
434
At 30 April 2024
39
4,586
4,625
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 May 2024
100
938,443
938,543
Fair value adjustments
-
(166,791)
(166,791)
Disposals
-
(2,645)
(2,645)
Valuation at 30 April 2025
100
769,007
769,107
Quintessentially Ventures Limited
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Trade debtors
98,400
122,325
Accrued income and prepayments
9,274
13,212
Other debtors
10,700
10,700
Amounts falling due after more than one year
Other debtors
875,154
752,288
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
94,734
51,991
Trade creditors
26,188
19,990
Taxes and social security
6,090
75,995
Other creditors
20,830
10,794
Deferred income
77,858
91,598
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
135,971
227,129
9
Average number of employees
During the year the average number of employees was 7 (2024: 11).