QUEST_CORPORATE_SOLUTIONS - Accounts

QUEST CORPORATE SOLUTIONS LIMITED - Company Information

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Company Registration No. 08764845 (England and Wales)

QUEST CORPORATE SOLUTIONS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

QUEST CORPORATE SOLUTIONS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

QUEST CORPORATE SOLUTIONS LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

338,854

Current assets

Debtors

100

Cash at bank and in hand

10,694

35,089

10,794

35,189

Creditors: amounts falling due within one year

(232,327)

(30,032)

Net current liabilities/(assets)

(221,533)

5,157

Total assets less current liabilities

117,321

344,011

Creditors: amounts falling due after more than one year

(230,000)

117,321

114,011

Capital and reserves

Called up share capital

100

Profit and loss account

117,221

113,911

Shareholders' funds

117,321

114,011

For the financial Year ended 31 March 2016 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 8 November 2016

Mr J B W Francis

Director

Company Registration No. 08764845

QUEST CORPORATE SOLUTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 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 January 2015).

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

Turnover

Turnover represents amounts receivable for management fees and rental income net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation.

Investment properties are included in the balance sheet at their open market value in accordance with SSAP19. The directors have concluded that the current valuation is representative of the open market value. The value of the investment property is not considered to be materially different to its cost and hence no adjustment to its value is considered necessary.

Revaluation gains will be taken to the revaluation reserve until gains are realised on disposal.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

338,854

At 31 March 2015

338,854

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

230,000

QUEST CORPORATE SOLUTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully unpaid

50 Ordinary Class A of £1 each

50 Ordinary Class B of £1 each

100