QUIDEM_LIMITED - Accounts

QUIDEM LIMITED - Company Information

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Company Registration No. 06928312 (England and Wales)

QUIDEM LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2013

QUIDEM LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

QUIDEM LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Investments

Current assets

Debtors

893,236

732,542

893,236

732,542

Creditors: amounts falling due within one year

(1,010,570)

(781,463)

Net current liabilities

(117,334)

(48,921)

Total assets less current liabilities

(117,333)

(48,920)

Capital and reserves

Called up share capital

30,000

Profit and loss account

(147,333)

(78,920)

Shareholders' funds

(117,333)

(48,920)

For the financial year ended 31 December 2013 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 September 2014

Mr Steve Orchard

Director

Company Registration No. 06928312

QUIDEM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements contain information about Quidem Limited as an individual company and do not contain consolidated financial information as the parent of the group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

The financial statements have been prepared on a going concern basis. The company is reliant on the continuing support of directors' loan account facilities. Having considered this and other available information, the directors are of the opinion that the company is able to continue its trading activities for the foreseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Fixed assets

Investments

Cost

At 1 January 2013 & at 31 December 2013

At 31 December 2012

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Quidem Midlands Limited

Ordinary

100.00

QUIDEM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

Fixed assets

(Continued)

- 3 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2013

Principal activity

Quidem Midlands Limited

Holding company for various radio stations

(40,053)

(7,077)

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2012 - £35,585).

Share capital

2013

2012

Allotted, called up and fully paid

30,000 Ordinary of £1 each

30,000