Quartz Holdings Limited

(Registration number: 14520727)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Investments	5	5,300,000	5,300,000
Current assets
Debtors	6	-	2,000
Creditors: Amounts falling due within one year	7	(628,070)	(632,657)
Net current liabilities		(628,070)	(630,657)
Total assets less current liabilities		4,671,930	4,669,343
Creditors: Amounts falling due after more than one year	7	(1,714,333)	(1,992,333)
Net assets		2,957,597	2,677,010
Capital and reserves
Called up share capital	8	1,915,506	1,915,506
Profit and loss account		1,042,091	761,504
Total equity		2,957,597	2,677,010

Quartz Holdings Limited

(Registration number: 14520727)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 year 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 23 July 2026 and signed on its behalf by:
 

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

C Nicholson
Director

Quartz Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
16 Queen Square
Bristol
BS1 4NT
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 financial statements have been prepared on a going concern basis.

The directors have assessed the company's ability to continue as a going concern and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future and for at least twelve months from the date of approval of these accounts. In making their assessment, the directors have considered the company's current financial position, including its net assets at the balance sheet date.

Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by section 398 of the Companies Act 2006 and has not prepared group accounts.

Quartz Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Borrowings

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 included in interest payable and similar charges.

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.

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.

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.

3	Staff numbers

The company had no employees other than the directors, who did not receive any remuneration.

4

Taxation

No liability to UK corporation tax arose on ordinary activities for the period from 1 January 2025 to 31 December 2025.

Quartz Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5	Investments

	2025 £	2024 £
Investment in subsidiaries	5,300,000	5,300,000