Quantum Portfolio Management Limited - Period Ending 2015-06-30

Registration number: 04606421

Quantum Portfolio Management Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2015
 

Thompson Jones Business Solutions Limited
Chartered Accountants & Business Advisers
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Quantum Portfolio Management Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Quantum Portfolio Management Limited
(Registration number: 04606421)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Current assets
Debtors					99,826			65,177
Cash at bank and in hand					96,547			109,487
					196,373			174,664
Creditors: Amounts falling due within one year					(32,041)			(27,587)
Net assets					164,332			147,077
Capital and reserves
Called up share capital		3			10,000			10,000
Profit and loss account					154,332			137,077
Shareholders' funds					164,332			147,077

For the year ending 30 June 2015 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 2 February 2016 and signed on its behalf by:

.........................................
K P Barlow
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Quantum Portfolio Management Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of trail commissions, managment charges and other services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated aresidual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance
Computer equipment	33% straight line basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		11,925			11,925
At 30 June 2015		11,925			11,925
Depreciation
At 1 July 2014		11,925			11,925
At 30 June 2015		11,925			11,925
Net book value
At 30 June 2015		-			-
At 30 June 2014		-			-

Page 2

Quantum Portfolio Management Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		10,000			10,000			10,000			10,000

Page 3