Registered number: 07441906
Registered number: 07441906 Questdale Limited UnauditedFinancial StatementsInformation For Filing With The RegistrarFor the year ended 31 March 2026 | ||||||||||||||||||||||||||||||||||||||||||||
Questdale LimitedRegistered number: 07441906 Statement of financial position As at 31 March 2026
For the year ending 31 March 2026, the Company was entitled to exemption from audit under section 480 of the Companies Act 2006. The members have not required the Company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements The Company's financial statements have been delivered and prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the Statement of income and retained earnings in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf: _______________
Date: 28 April 2026 The notes on pages 3 to 4 form part of these financial statements. 2 | ||||||||||||||||||||||||||||||||||||||||||||
Questdale LimitedNotes to the financial statements For the year ended 31 March 2026 1. General information Questdale Limited is a private company limited by shares and is incorporated in England & Wales. The address of its registered office is 25 Pine Grove, Totteridge, London, N20 8LB. The company did not trade in the year. 2. Accounting policies The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been applied consistently to all periods presented, unless otherwise stated. a. Basis of preparation of financial statements The financial statements have been prepared under the historic cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (FRS 102) and the Companies Act 2006. The Company's functional and presentational currency is the Pound Sterling. b. Financial instruments Financial assetsFinancial assets are initially measured at transaction price, including transaction costs, and subsequently held at cost less accumulated impairment, or at amortised cost using the effective interest method in the case of debt instruments meeting the criteria for recognition as basic financial instruments At each reporting date, financial assets are assessed for objective evidence of impairment with any impairment loss recognised in profit or loss. An impairment loss is calculated as the difference between the carrying amount and the best estimate of the recoverable amount which is an approximation of its sale value at the balance sheet date or, for basic debt instruments, the present value of estimated cash flows discounted at the asset’s original effective interest rate. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss. Financial assets are derecognised when:
Financial liabilitiesBasic financial liabilities, unless the arrangement constitutes a financing transaction, are initially measured at transaction price, including transaction costs. 3 | ||||||||||||||||||||||||||||||||||||||||||||
Questdale LimitedNotes to the financial statements For the year ended 31 March 2026 2. Accounting policies (continued) b. Financial instruments (continued) A financial liability, where the arrangement constitutes a financing transaction, is initially measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument as determined at initial recognition adjusted for transaction costs. Basic financial liabilities are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when the liability is extinguished, either by way of the contractual obligation having been discharged, cancelled or expired. 3. Creditors
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