ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: 14075840

QUBE (NORTH) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2025

QUBE (NORTH) LIMITED

REGISTERED NUMBER: 14075840

BALANCE SHEET

AS AT 31 MARCH 2025

	31 March	30 April
	2025	2024
Note	£	£

Fixed assets
Tangible assets			137,069		-
			137,069		-
Current assets
Debtors: amounts falling due within one year	5	-		1
		-		1
Creditors: amounts falling due within one year	6	(92,399)		(28,747)
Net current liabilities			(92,399)		(28,746)
Total assets less current liabilities			44,670		(28,746)
Creditors: amounts falling due after more than one year			(109,194)		-

Net liabilities			(64,524)		(28,746)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(64,525)	(28,747)
	(64,524)	(28,746)

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QUBE (NORTH) LIMITED

REGISTERED NUMBER: 14075840

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 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 comprehensive income in accordance with 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 on 13 May 2026.

A Hamzianpour

Director

The notes on pages 3 to 6 form part of these financial statements.

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QUBE (NORTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1.	General information

Qube (North) Limited is a private company limited by shares incorporated in England and Wales (registration number: 14075840). The registered office address is 86-90 Paul Street, London, EC2A 4NE.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have considered the position of the company at the period end as well as at the date of signature of the financial statements and the support available from the parent company. They are satisified that the company will be able to satisfy it's financial obligations for at least 12 months from the date of signature of the financial statements which have been prepared on the going concern basis.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

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QUBE (NORTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Other fixed assets

Straight line over 5 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 2 (2024 - 2).

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QUBE (NORTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

4.	Tangible fixed assets

		Other fixed assets
		£
	Cost or valuation
	Additions	174,451
	At 31 March 2025	174,451
	Depreciation
	Charge for the year	37,382
	At 31 March 2025	37,382
	Net book value
	At 31 March 2025	137,069
	At 30 April 2024	-

Debtors

					31 March	30 April
					2025	2024
					£	£


Other debtors	-	1
	-	1

Other loans	35,144	-
Other creditors	35,454	28,747
Accruals and deferred income	21,801	-
	92,399	28,747

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QUBE (NORTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Other loans	109,194	-
	109,194	-

Amounts falling due within one year
Other loans	35,144	-
	35,144	-
Amounts falling due 1-2 years
Other loans	38,164	-
	38,164	-
Amounts falling due 2-5 years
Other loans	71,030	-
	71,030	-

	144,338	-

9.	Related party transactions
	The Company has taken advantage of the exemption contained in Section 33 of FRS 102 "Related Party Disclosures" from disclosing transactions with entities which are part of the same group.

10.	Controlling party

The immediate and ultimate controlling party is ABS Media Limited, a company registered in England and Wales. The registered office address is 86-90 Paul Street, London, EC2A 4NE.

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