QUEST_GROUP_OF_COMPANIES_ - Accounts

QUEST GROUP OF COMPANIES LIMITED - Company Information

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Company Registration No. 09795670 (England and Wales)

QUEST GROUP OF COMPANIES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2016

QUEST GROUP OF COMPANIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

QUEST GROUP OF COMPANIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

Notes

Fixed assets

Investments

320

Current assets

Debtors

729,344

Creditors: amounts falling due within one year

(60,005)

Net current assets

669,339

Total assets less current liabilities

669,659

Capital and reserves

Called up share capital

220

Profit and loss account

669,439

Shareholders' funds

669,659

For the financial period 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 period 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 15 December 2016

Mr J B W Francis

Director

Company Registration No. 09795670

QUEST GROUP OF COMPANIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD 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

Investments

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

1.4

Group accounts exemption

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 25 September 2015

Additions

320

At 31 March 2016

320

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

Quest IP Ltd

England and Wales

Ordinary

100.00

Quest Financial Solutions Ltd

England and Wales

Ordinary

100.00

Quest Corporate Solutions Ltd

England and Wales

Ordinary

100.00

QUEST GROUP OF COMPANIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2016

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

2016

Principal activity

Quest IP Ltd

Letting of real estate

100

Quest Financial Solutions Ltd

Financial intermediation

160,938

415,358

Quest Corporate Solutions Ltd

Financial intermediation

117,321

3,310

Share capital

2016

Allotted, called up and fully paid

154 Ordinary A shares of £1 each

154

55 Ordinary B shares of £1 each

11 Ordinary C shares of £1 each

220

70 Ordinary A shares, 25 Ordinary B shares and 5 Ordinary C shares were issued in the period for cash of £100 on incorporation of the company. Also during the period 84 Ordinary A shares, 30 Ordinary B shares and 6 Ordinary C shares were issued by a way of share for share exchange.