TQR Investment Limited - Period Ending 2020-09-30

TQR Investment Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

TQR Investment Limited

Balance Sheet

30 September 2020

	Note	2020 £
Fixed assets
Investments	4	100
Current assets
Debtors	5	100
Net assets		200
Capital and reserves
Called up share capital	6	200
Total equity		200

TQR Investment Limited

Balance Sheet

30 September 2020

For the financial period ending 30 September 2020 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 period 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 June 2021 and signed on its behalf by:
 

......................................... Mr D A Freeman Director

Company Registration Number: 12207519

TQR Investment Limited

Notes to the Unaudited Financial Statements

Period from 16 September 2019 to 30 September 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Francis Clark LLP
North Quay House
Sutton Harbour
Plymouth
PL4 0RA

The principal place of business is:
9 The Crescent
Plymouth
PL1 3AB

These financial statements were authorised for issue by the Board on 11 June 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

TQR Investment Limited

Notes to the Unaudited Financial Statements

Period from 16 September 2019 to 30 September 2020

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.

TQR Investment Limited

Notes to the Unaudited Financial Statements

Period from 16 September 2019 to 30 September 2020

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

4	Investments

	2020 £
Investments in subsidiaries	100

Subsidiaries	£
Cost or valuation
Additions	100
Provision
Carrying amount
At 30 September 2020	100

TQR Investment Limited

Notes to the Unaudited Financial Statements

Period from 16 September 2019 to 30 September 2020

5

Debtors

	2020 £
Other debtors	100
	100

6	Share capital

Allotted, called up and fully paid shares

	2020
	No.	£
Ordinary shares of £1 each	200	200

7	Related party transactions

During the year the company acquired 60% of the shareholding in DK Recruitment Limited by way of a share for share transaction.