QUARTZ DIGITAL LTD


Directors	CASTRO NEVES MESQUITA ALVES, Mateus
	DE PAIVA E SILVA, André Filipe


Registered Address	3rd Floor Marlborough House
	Victoria Road South
	Chelmsford
	CM1 1LN


Registered Number	16253590 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025
		£	£
Fixed assets
Tangible assets	4		6,432
Investments	5		1,675,627
			1,682,059
Current assets
Debtors	6	43,915
Cash at bank and on hand		403,721
		447,636
Creditors amounts falling due within one year	7	(20,760)
Net current assets (liabilities)			426,876
Total assets less current liabilities			2,108,935
Net assets			2,108,935
Capital and reserves
Called up share capital			122
Share premium			2,712,367
Profit and loss account			(603,554)
Shareholders' funds			2,108,935

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 13 September 2026, and are signed on its behalf by:

DE PAIVA E SILVA, André Filipe
Director
Registered Company No. 16253590

QUARTZ DIGITAL LTD

Notes to the Financial Statements
for the period ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the time of approving the financial statements, having taken into consideration the current and forecasted performance and position of the company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being for at least 12 months from the date these financial statements are authorised for issue. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Going concern

At the time of approving the financial statements, having taken into consideration the current and forecasted performance and position of the company, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being for at least 12 months from the date these financial statements are authorised for issue. Therefore, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.

	Defined contribution pension plan
	The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets as follows


		Straight line (years)
	Office Equipment	3

	Investments
	Investments in subsidiaries are measured at cost less any accumulated impairment losses. Fixed asset investments comprise short-term deposits, investments in funds and other liquid investments which are readily convertible to known amounts of cash. These investments are measured at fair value, with changes in fair value and interest being recognised in the profit and loss account as they arise. Where fair value cannot be measured reliably, such investments are carried at cost less any accumulated impairment losses. These investments are held for cash-management purposes and are expected to mature within twelve months of the balance sheet date.

Investments

Investments in subsidiaries are measured at cost less any accumulated impairment losses. 

Fixed asset investments comprise short-term deposits, investments in funds and other liquid investments which are readily convertible to known amounts of cash. These investments are measured at fair value, with changes in fair value and interest being recognised in the profit and loss account as they arise. Where fair value cannot be measured reliably, such investments are carried at cost less any accumulated impairment losses.

These investments are held for cash-management purposes and are expected to mature within twelve months of the balance sheet date.

2.	Average number of employees


		2025
	Average number of employees during the year	1

3.	Further information regarding the company's income
	These financial statements have been prepared for the period from the date of incorporation 14th February 2025 to 31st December 2025. This represents the Company's first set of financial statements since incorporation.

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
Additions	8,565	8,565
At 31 December 25	8,565	8,565
Depreciation and impairment
Charge for year	2,133	2,133
At 31 December 25	2,133	2,133
Net book value
At 31 December 25	6,432	6,432
At 13 February 25	-	-

5.	Fixed asset investments
	Investments in groups comprise the Company’s investment in two subsidiaries. On 18 June 2025, Quartz Wealth SL, based in Spain was incorporated and the Company owns 100% of the share capital. On 6 May 2025, Xisto Digital Unipessoal LDA, based in Portugal was incorporated and the Company owns 100% of the share capital. The Company has taken advantage of the special rules for small groups to not prepare group accounts, as the group qualifies as small. Fixed asset investments comprise short-term deposits, investments in funds and other liquid investments which are readily convertible to known amounts of cash. Included within fixed assets investments is £1,673,060 of liquid investments, these investments are held at fair value. The Directors have reviewed the carrying value of the investments and confirm that there are no indicators of impairment as at the balance sheet date. Accordingly, no impairment charge has been recognised in the year. The historical cost of the investments is £1,638,515.

Fixed asset investments

Investments in groups comprise the Company’s investment in two subsidiaries. On 18 June 2025, Quartz Wealth SL, based in Spain was incorporated and the Company owns 100% of the share capital. On 6 May 2025, Xisto Digital Unipessoal LDA, based in Portugal was incorporated and the Company owns 100% of the share capital. 

The Company has taken advantage of the special rules for small groups to not prepare group accounts, as the group qualifies as small.
Fixed asset investments comprise short-term deposits, investments in funds and other liquid investments which are readily convertible to known amounts of cash.  

Included within fixed assets investments is £1,673,060 of liquid investments, these investments are held at fair value. The Directors have reviewed the carrying value of the investments and confirm that there are no indicators of impairment as at the balance sheet date. Accordingly, no impairment charge has been recognised in the year. 

The historical cost of the investments is £1,638,515.

	Investments in groups¹	Other investments²	Total
	£	£	£
Cost or valuation
Additions	2,567	1,726,630	1,729,197
Revaluations	-	25,348	25,348
Disposals	-	(78,918)	(78,918)
At 31 December 25	2,567	1,673,060	1,675,627
Net book value
At 31 December 25	2,567	1,673,060	1,675,627

	Notes
	¹Investments in group undertakings and participating interests ²Other investments other than loans

6.	Debtors: amounts due within one year

		2025
		£
	Amounts owed by group undertakings	39,557
	Other debtors	2,674
	Prepayments and accrued income	1,684
	Total	43,915


	Included within amounts owed by group undertakings as at 31 December 2025 are intercompany balances of £16,266 due from Quartz Wealth SL, a wholly owned subsidiary incorporated in Spain, and £23,291 due from Xisto Digital Unipessoal LDA, a wholly owned subsidiary incorporated in Portugal. These balances arise from amounts paid on behalf of group companies in the ordinary course of business. The balances are unsecured, interest free and repayable on demand.

Included within amounts owed by group undertakings as at 31 December 2025 are intercompany balances of £16,266 due from Quartz Wealth SL, a wholly owned subsidiary incorporated in Spain, and £23,291 due from Xisto Digital Unipessoal LDA, a wholly owned subsidiary incorporated in Portugal.

These balances arise from amounts paid on behalf of group companies in the ordinary course of business. The balances are unsecured, interest free and repayable on demand.

7.	Creditors: amounts due within one year

		2025
		£
	Trade creditors / trade payables	16,107
	Taxation and social security	3,218
	Other creditors	881
	Accrued liabilities and deferred income	554
	Total	20,760

8.	Related party transactions
	The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. The company is a parent company that is exempt from the requirement to prepare consolidated financial statements by virtue of section 399 of the Companies Act 2006. The group headed by the company qualifies as a small group and the directors have therefore elected not to prepare consolidated group accounts.

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company is a parent company that is exempt from the requirement to prepare consolidated financial statements by virtue of section 399 of the Companies Act 2006. The group headed by the company qualifies as a small group and the directors have therefore elected not to prepare consolidated group accounts.