QGate Holdings Ltd Accounts

QGATE HOLDINGS LIMITED - Company Information






QGate Holdings Ltd

	Company No. 10948961
		Information for Filing with The Registrar
		30 June 2020

The Directors present their report and the accounts for the year ended 30 June 2020.

Principal activities
The principal activity of the company during the year under review was that of a holding company.




Directors

The Directors who served at any time during the year were as follows:

M.A. Cooper
R.S. Dexter
B.J. Green



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

R.S. Dexter
Director
30 June 2020

at	30 June 2020
Company No.		10948961	Notes	2020	2019
				£	£
Fixed assets



	Investments		3	2,917	2,917
				2,917	2,917
Current assets



	Cash at bank and in hand			916	975
				916	975
Creditors: Amount falling due within one year			4	(1,000)	(1,000)
Net current liabilities				(84)	(25)
Total assets less current liabilities				2,833	2,892




Net assets				2,833	2,892

Capital and reserves
	Called up share capital			2,917	2,917



	Profit and loss account		5	(84)	(25)

Total equity				2,833	2,892



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 June 2020 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 30 June 2020
And signed on its behalf by:
R.S. Dexter
Director
30 June 2020

for the year ended 30 June 2020

General information

Its registered number is: 10948961

Its registered office is:

Unit D2

Fareham Heights

Standard Way

Fareham

PO16 8XT

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other 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.

3	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 July 2019	2,917	2,917



		At 30 June 2020	2,917	2,917
		Provisions/Impairment





		Net book values
		At 30 June 2020	2,917	2,917
		At 30 June 2019	2,917	2,917

4	Creditors:
		amounts falling due within one year
			2020	2019
			£	£





		Amounts owed to group undertakings	1,000	1,000





			1,000	1,000

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

6	Related party disclosures
				2020	2019
		Transactions with related parties		£	£

		Name of related party	QGate Software Limited
		Description of relationship between the parties	Subsidiary

		Amount due from/(to) the related party		(1,000)	(1,000)