Registration number:
Quincus Limited
for the Year Ended 31 December 2024
Quincus Limited
Contents
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Company Information |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Notes to the Financial Statements |
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Detailed Profit and Loss Account |
Quincus Limited
Company Information
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Directors |
Ms K Lacey Mr J Savoir |
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Registered office |
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Auditors |
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Quincus Limited
Directors' Report for the Year Ended 31 December 2024
The directors present their report and the financial statements for the year ended 31 December 2024.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is that of developing proprietary technology and algorithms for logistics providers, enabling access to a marketplace of small businesses.
Restatement of prior period financial statements
These financial statements include revisions to the financial statements for the year ended 31 December 2023 and replace the original financial statements for the year ended 31 December 2023 which were approved by the
board on 28 May 2025. These revised financial statements are now the statutory financial statements of the company for the period. In accordance with the Companies Act 2006, the financial statements have been
revised as at the date of the original financial statements and not as at the date of this revision. Accordingly they do not deal with events between those dates.
The comparative figures for the year ended 31 December 2023 have been restated to recognise other operating income, being costs recharged to associated entities in the group, with the corresponding costs now included in administrative expenses. As a result of this amendment, there is no change in the loss before tax previously reported for the year ended 31 December 2023 (being £294,187).
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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......................................... |
Quincus Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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• |
select suitable accounting policies and apply them consistently; |
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• |
make judgements and accounting estimates that are reasonable and prudent; |
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• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Quincus Limited
Independent Auditor's Report to the Members of Quincus Limited
Opinion
We have audited the financial statements of Quincus Limited (the 'company') for the year ended 31 December 2024, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Quincus Limited
Independent Auditor's Report to the Members of Quincus Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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• |
the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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• |
the Directors' Report has been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit; or |
• | the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Quincus Limited
Independent Auditor's Report to the Members of Quincus Limited
As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain.
Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.
We gained an understanding of the legal and regulatory framework applicable to the Company and the industry in which it operates, drawing on our broad sector experience, and considered the risk of acts by the Company that were contrary to these laws and regulations, including fraud. We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including the Companies Act 2006 and UK tax legislation.
We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of meetings and correspondence, including legal correspondence.
Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.
We note that the opening balances had not previously been audited. This can provide additional risk towards the balances held in our year. To ensure we can rely on the opening balances, specific audit testing has been carried out to ensure the reliability of the balances.
There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Quincus Limited
Independent Auditor's Report to the Members of Quincus Limited
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
Level 30, The Leadenhall Building
122 Leadenhall Street
EC3V 4AB
Quincus Limited
Profit and Loss Account for the Year Ended 31 December 2024
|
Note |
2024 |
(As restated) |
|
|
Turnover |
- |
- |
|
|
Gross profit/(loss) |
- |
- |
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Administrative expenses |
( |
( |
|
|
Other operating income |
|
|
|
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Operating loss |
(313,871) |
(387,043) |
|
|
Other interest receivable and similar income |
|
|
|
|
Interest payable and similar expenses |
( |
|
|
|
(16,565) |
92,856 |
||
|
Loss before tax |
( |
( |
|
|
Loss for the financial year |
( |
( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Quincus Limited
Statement of Comprehensive Income for the Year Ended 31 December 2024
|
2024 |
(As restated) |
|
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Loss for the year |
( |
( |
|
Total comprehensive loss for the year |
( |
( |
Quincus Limited
(Registration number: 09265969)
Balance Sheet as at 31 December 2024
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Note |
2024 |
(As restated) |
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Fixed assets |
|||
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Tangible assets |
- |
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Current assets |
|||
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Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
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|
Net current liabilities |
( |
( |
|
|
Total assets less current liabilities |
( |
( |
|
|
Provisions for liabilities |
( |
- |
|
|
Net liabilities |
( |
( |
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|
Capital and reserves |
|||
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Called up share capital |
1 |
1 |
|
|
Share premium reserve |
198,737 |
198,737 |
|
|
Retained earnings |
(2,458,496) |
(2,128,060) |
|
|
Shareholders' deficit |
(2,259,758) |
(1,929,322) |
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’.
Approved and authorised by the
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......................................... |
Quincus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
United Kingdom
These financial statements were authorised for issue by the
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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.
Group accounts not prepared
Quincus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
Judgements
In the application of the accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. |
Key sources of estimation uncertainty
The key areas of estimation uncertainty have been considered by management, being:
-Tangible fixed assets
Tangible fixed assets are depreciated over their useful lives. The actual lives of the assets are assessed annually and may vary depending on a number of factors. In assessing asset lives, factors such as technological innovation, product life cycle and maintenance programmes are taken into account.
-Tax losses
The assessed likelihood that the Company will be able to utilise previously recorded tax losses against future taxable profits.
-Accruals and prepayments
The estimates applied to determine accruals and prepayments in respect of sales revenue and expenses.
-Deferred revenue
The assessed recognition of revenue based on the services provided over time per the sales agreements in place..
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the 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.
When the outcome of a transaction can be estimated reliably, turnover from services provided is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the contract duration.
Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.
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.
Once this criteria has been met, revenue is recognised in the month in which the services are performed and provided.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Quincus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
Tax
Tax expenses comprise of both current and deferred tax. Tax is recognised in the profit and 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 Group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated 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 assets
Tangible assets are stated in the balance sheet 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
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:
|
Asset class |
Depreciation method and rate |
|
Office equipment |
33% Straight line |
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
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.
Debtors receivable within one year
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Quincus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
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.
Creditors due within one year
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Borrowings
Borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are recorded in creditors payable within one year and/or creditors payable greater than one year, as appropriate, depending on when repayments fall due.
The current inter-group borrowings have no interest on the principal and so no interest is charged to the borrowings.
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past
event, it is probable that the company will be required to settle that obligation and a reliable estimate can be
made of the amount of the obligation.
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.
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.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Quincus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Auditors' remuneration |
|
2024 |
2023 |
|
|
Audit of the financial statements |
|
|
|
Other fees to auditors |
||
|
All other non-audit services |
|
|
|
Loss before tax |
Arrived at after charging/(crediting)
|
2024 |
2023 |
|
|
Depreciation expense |
|
|
|
Taxation |
Factors that may affect future tax charges include the trading tax losses carried forward from the period ended 31 December 2024 totalling £2,348,989 (2023: £2,022,723) which may reduce the Company's tax liability on profits generated from the same trade in future periods.
Quincus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Tangible assets |
|
Furniture, fittings and equipment |
Total |
|
|
Cost or valuation |
||
|
At 1 January 2024 |
|
|
|
Disposals |
( |
( |
|
At 31 December 2024 |
- |
- |
|
Depreciation |
||
|
At 1 January 2024 |
|
|
|
Charge for the year |
|
|
|
Eliminated on disposal |
( |
( |
|
At 31 December 2024 |
- |
- |
|
Carrying amount |
||
|
At 31 December 2024 |
- |
- |
|
At 31 December 2023 |
|
|
None of the tangible fixed assets were held under finance leases.
|
Debtors |
|
Current |
Note |
2024 |
2023 |
|
Amounts owed by related parties |
|
|
|
|
Other debtors |
|
|
|
|
|
|
Quincus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2024 |
2023 |
|
|
Due within one year |
|||
|
Bank loans and overdrafts |
|
- |
|
|
Trade creditors |
|
|
|
|
Amounts owed to related parties |
|
|
|
|
Accruals and deferred income |
|
|
|
|
Other creditors |
|
|
|
|
|
|
The amount owed to related parties totalling £1,940,110 (2023: £1,836,646) is owed to the parent company Quincus Pte Ltd. No interest is charged on this loan.
There is a parental guarantee in place with Quincus Pte Ltd. to ensure that they will not demand repayments that will put the Company's going concern at risk.
|
Loans and borrowings |
Current loans and borrowings
|
2024 |
2023 |
|
|
Other borrowings |
|
- |
Other borrowings consists of a loan provided by a director. The loan is not accruing interest and is anticipated that the balance will be transferred to the parent company within 12 months of the balance sheet date.
Quincus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
|
Share capital |
Allotted, called up and fully paid shares
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
0.02 |
|
0.02 |
|
Provisions for liabilities |
Included in the balance sheet are provisions of £122,305 (2023 - £Nil). Provisions consists of a balance that is expected to be paid to HMRC following a VAT assessment in May 2026 that relates to the years ended 31 December 2024 and 31 December 2025. A provision totalling £122,305 has been recorded in the financial statements for the year ended 31 December 2024 for the element of the VAT that is deemed likely to be paid in respect of this accounting year, including interest.
|
Related party transactions |
The company has taken advantage of the exemption in Section 33.1 A of FRS102 Related Party Transaction from disclosing the details of transactions with other companies within the group.
|
Subsequent events after the financial period |
On 12 May 2026, HMRC notified the Company that it had assessed that the Company was liable to repay £154,631 of VAT that had previously been recovered on VAT returns submitted during the quarters ended April 2024 to July 2025. A provision has been recorded in the financial statements for 31 December 2024 for the amounts payable in respect of this year, which totalled £122,305, as disclosed in Note 12, Provisions (2023: £nil). The remaining balance due to HMRC, of £34,473 relates to the period after the accounting period. Interest of 4% plus the Bank of England base rate, is payable on the total balance.
Quincus Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2024
|
2024 |
(As restated) |
|
|
Turnover (analysed below) |
- |
- |
|
Administrative expenses |
||
|
Employment costs (analysed below) |
- |
(24,223) |
|
General administrative expenses (analysed below) |
(812,654) |
(787,933) |
|
Finance charges (analysed below) |
(1,685) |
(848) |
|
Depreciation costs (analysed below) |
(1,721) |
(2,266) |
|
Other expenses (analysed below) |
(301) |
- |
|
(816,361) |
(815,270) |
|
|
Other operating income (analysed below) |
502,490 |
428,227 |
|
Operating loss |
(313,871) |
(387,043) |
|
Other interest receivable and similar income (analysed below) |
92 |
350 |
|
Interest payable and similar charges (analysed below) |
(16,657) |
92,506 |
|
(16,565) |
92,856 |
|
|
Loss before tax |
(330,436) |
(294,187) |
Quincus Limited
Detailed Profit and Loss Account for the Year Ended 31 December 2024
|
2024 |
2023 |
|
Employment costs |
||
|
Wages and salaries (excluding directors) |
- |
(25,385) |
|
Staff NIC (Employers) |
- |
1,962 |
|
Staff pensions |
- |
(428) |
|
Subcontract cost |
- |
(352) |
|
Staff costs |
- |
(20) |
|
- |
(24,223) |
|
General administrative expenses |
||
|
Office expenses |
18 |
(95) |
|
Computer software and maintenance costs |
(798,378) |
(675,220) |
|
Travel and subsistence |
- |
(554) |
|
Auditor's remuneration - The audit of the company's annual accounts |
(9,500) |
(9,500) |
|
Auditors' remuneration - non audit work |
(2,400) |
(3,268) |
|
Legal and professional fees |
(2,394) |
(2,484) |
|
Intercompany loan write off |
- |
(2,036) |
|
Bad debts written off |
- |
(94,776) |
|
(812,654) |
(787,933) |
|
Finance charges |
||
|
Bank charges |
(1,685) |
(848) |
|
Depreciation costs |
||
|
Depreciation of office equipment (owned) |
(1,721) |
(2,266) |
|
Other expenses |
||
|
(Profit)/loss on disposal of tangible fixed assets |
(301) |
- |
|
Other operating income |
||
|
Other operating income |
502,490 |
428,227 |
|
Other interest receivable and similar income |
||
|
Bank interest receivable |
42 |
350 |
|
Other interest receivable |
50 |
- |
|
92 |
350 |
|
Interest payable and similar expenses |
||
|
Other interest payable |
(13,493) |
- |
|
Penalties and fines |
(2,147) |
(100) |
|
Foreign currency gains/(losses) |
(1,017) |
92,606 |
|
(16,657) |
92,506 |