Qdar Limited - Dormant accounts - members and to registrar (filleted) 18.1.1

REGISTERED NUMBER: 04604751 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

QDAR LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

A Arida

SECRETARY:

Ms K Hoey

REGISTERED OFFICE:

7A Mylne Close

Upper Mall

London

W6 9TE

REGISTERED NUMBER:

04604751 (England and Wales)

ACCOUNTANTS:

Shenward (Leeds) Limited

Chartered Accountants & Business Advisors

Josephs Well Suite 2C

Hanover Walk

Leeds

West Yorkshire

LS3 1AB

FIXED ASSETS

Tangible assets

4

418

CURRENT ASSETS

Debtors

5

200

Cash at bank

907

1,107

CREDITORS

Amounts falling due within one year

6

13,914

NET CURRENT LIABILITIES

(12,807

)

(12,807

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,389

)

(12,389

)

CAPITAL AND RESERVES

Called up share capital

7

10

Retained earnings

(12,399

)

(12,399

)

SHAREHOLDERS' FUNDS

(12,389

)

(12,389

)

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394
and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 9 September 2019 and were signed by:

A Arida - Director

1.	STATUTORY INFORMATION

Qdar Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions

that affect the amounts reported. These estimates and judgements are continually reviewed and are based on

experience and other factors, including expectations of future events that are believed to be reasonable under the

circumstances. Details of these judgements can be found in the accounting policies.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and

the carrying value of the asset and is credited or charged to the income statement.

Impairment of fixed assets

At each reporting end date, the company reviews the carrying amounts of its tangible and intangible assets to

determine whether there is any indication that those assets have suffered an impairment loss. If any such indication

exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if

any).

Recoverable amount is the higher of fair value less costs to sell and value in use. If the recoverable amount of an

asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable

amount.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the

contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially recorded at transaction price

including transaction costs and are subsequently carried at amortised cost using the effective interest method unless

the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are

not amortised.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are

settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to

another entity, or if some significant risks and rewards of ownership are retained but control of the asset has

transferred to another party that is able to sell the asset in its entirety to an unrelated third party,

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares

that are classified as debt, are initially recorded at transaction price unless the arrangement constitutes a financing

transaction, where the debt instrument is measured at the present value of the future payments discounted at a

market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities in payment is due within one year or

less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price

and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or

cancelled.

Provisions for liabilities

Provisions are made when an event has taken place that gives the company a legal or constructive obligation that

probably requires settlement by a transfer of economic benefit and a reliable estimate can be made of the amount of

the obligation.

Provisions are charged as an expense to the Income Statement in the year that the company becomes aware of the

obligation and are measured at the best estimate at the Statement of Financial Position date of the expenditure

required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the Statement of Financial

Position.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future. The company

therefore continues to adopt the going concern basis in preparing its financial statements.

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

and 31 March 2019

11,976

DEPRECIATION

At 1 April 2018

and 31 March 2019

11,558

NET BOOK VALUE

At 31 March 2019

418

At 31 March 2018

418

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade debtors

200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

Trade creditors

1,154

Directors' current accounts

11,569

Accruals and deferred income

1,191

13,914

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

10

Ordinary Shares

£1

10

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Qdar Limited for the year ended 31 March 2019 which comprise the Income Statement, Statement of Financial

Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Qdar Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Qdar Limited and state those matters that we have agreed to state to the director of Qdar Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Qdar Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Qdar Limited. You consider that Qdar Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Qdar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Shenward (Leeds) Limited

Chartered Accountants & Business Advisors

Josephs Well Suite 2C

Hanover Walk

Leeds

West Yorkshire

LS3 1AB

9 September 2019