ACCOUNTS - Final Accounts

QUARMBY GROUP LIMITED - Company Information

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10138282

30/06/2019

Quarmby Group Limited

Registered number: 10138282

Information for filing with the Registrar

For the year ended 30 June 2019

10138282

30 June 2019

QUARMBY GROUP LIMITED

Registered number: 10138282

BALANCE SHEET

AS AT 30 JUNE 2019

		2019		2018
Note		£		£


Fixed assets
Investments	3		501,562		501,562
			501,562		501,562
Current assets
Debtors		248,525		248,525
		248,525		248,525
Creditors: amounts falling due within one year		(750,001)		(750,001)
Net current liabilities			(501,476)		(501,476)
Total assets less current liabilities			86		86
Net assets			86		86

Capital and reserves
Called up share capital	86	86
	86	86

For the year ended 30 June 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year 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 profit and loss account 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 March 2020.

C Quarmby

Director

The notes on pages 3 to 4 form part of these financial statements.

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10138282

30 June 2019

QUARMBY GROUP LIMITED

Registered number: 10138282

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2019

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10138282

30 June 2019

QUARMBY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

1.	General information

Quarmby Group Limited is a company limited by shares and incorporated in England. The company's registered office is 8 Darwin Court, Clayton Way, Oxon Business Park, Bicton Heath, Shrewsbury, SY3 5AL, United Kingdom.
The company was dormant during the period.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.3

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.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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10138282

30 June 2019

QUARMBY GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

3.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 July 2018	501,562
	At 30 June 2019	501,562

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