Gainquest Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 03265327

GAINQUEST LIMITED

Filleted Unaudited Financial Statements

For the year ended

30 September 2021

GAINQUEST LIMITED

Financial Statements

Year ended 30 September 2021

CONTENTS	PAGES

Statement of Financial Position	1

Notes to the Financial Statements	2 to 3

GAINQUEST LIMITED

Statement of Financial Position

30 September 2021

	2021		2020
Note	£	£	£	£

Current assets

Debtors	4	370,937	371,139
Cash at bank and in hand		4	4
		----------	----------
		370,941	371,143

Creditors: amounts falling due within one year	5	( 72,458)		( 72,057)
		----------		----------
Net current assets			298,483		299,086
			----------		----------
Total assets less current liabilities			298,483		299,086
			----------		----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	298,383	298,986
	----------	----------
Shareholders funds	298,483	299,086
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 September 2021 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 June 2022 , and are signed on behalf of the board by:

Mr S Berger

Director

Company registration number: 03265327

GAINQUEST LIMITED

Notes to the Financial Statements

Year ended 30 September 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Debtors

	2021	2020
	£	£
Other debtors	370,937	371,139
	----------	----------

5. Creditors: amounts falling due within one year

	2021	2020
	£	£
Other creditors	72,458	72,057
	---------	---------

6. Related party transactions

(i) Other debtors represents loans due from companies connected with the directors and shareholders. The loans are interest-free and repayable on demand. (ii) Included in Other creditors are loans aggregating £70,006 due to companies connected with the directors and shareholders. The loans are interest-free and repayable on demand.