QMasters Medical Informatics Ltd

(Registration number: 08327861)
Balance Sheet as at 31 March 2025

	Note	2025 £	2023 £
Fixed assets
Tangible assets	4	-	3,543
Investment property	5	-	943,704
Investments	6	51	51
		51	947,298
Current assets
Debtors	7	981,196	1,249
Cash at bank and in hand		-	55,787
		981,196	57,036
Creditors: Amounts falling due within one year	8	(3,966)	(10,466)
Net current assets		977,230	46,570
Total assets less current liabilities		977,281	993,868
Provisions for liabilities		(673)	(673)
Net assets		976,608	993,195
Capital and reserves
Called up share capital	9	100	100
Profit and loss account		976,508	993,095
Total equity		976,608	993,195

QMasters Medical Informatics Ltd

(Registration number: 08327861)
Balance Sheet as at 31 March 2025

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 30 March 2026 and signed on its behalf by:
 

.........................................

Dr N Kamal
Director

QMasters Medical Informatics Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

1	Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Springfield Cottage
Long Close West
Downton
SP5 3HG
England

2	Accounting policies

Summary of significant accounting policies

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.

Statement of compliance

These 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.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future and at least twelve months from the date of approval of these financial statements.

Disclosure of long period

The current year financial statements were prepared for the lengthened period from 1 January 2024 to 31 March 2025. The comparative amounts including the related notes are therefore not entirely comparable.

Tax

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.

QMasters Medical Informatics Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

Deferred tax
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at 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 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:

Fixtures and fittings	25% reducing balance
Computer equipment	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Trade debtors

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 recognised at the transaction price.

QMasters Medical Informatics Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

QMasters Medical Informatics Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

4	Tangible fixed assets

	Furniture, fittings and equipment  £	Computer equipment £	Total £
Cost
At 1 January 2024	10,000	1,199	11,199
Disposals	(10,000)	(1,199)	(11,199)
At 31 March 2025	-	-	-
Depreciation
At 1 January 2024	6,836	820	7,656
Eliminated on disposal	(6,836)	(820)	(7,656)
At 31 March 2025	-	-	-
Carrying amount
At 31 March 2025	-	-	-
At 31 December 2023	3,164	379	3,543

5	Investment properties

	2025 £
At 1 January2024	943,704
Disposals	(943,704)
At 31 March2025	-

QMasters Medical Informatics Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025

6	Investments

	2025 £	2023 £
Investments in subsidiaries	51	51