Quantmax Limited - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 07674505 (England and Wales)

Quantmax Limited

Unaudited Financial Statements

for the Period 1 July 2016 to 31 December 2016

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

DIRECTOR:

R E C Delcy

REGISTERED OFFICE:

19 Kathleen Road

London

SW11 2JR

REGISTERED NUMBER:

07674505 (England and Wales)

ACCOUNTANTS:

Paifang Accountants and Tax Advisors (UK) Limited

22 Billet Street

Taunton

Somerset

TA1 3NG

CURRENT ASSETS

Debtors: amounts falling due within one year

3

8,798

645,569

Cash at bank and in hand

2

1,111,196

8,800

1,756,765

CREDITORS

Amounts falling due within one year

4

73,692

1,741,678

NET CURRENT (LIABILITIES)/ASSETS

(64,892

)

15,087

TOTAL ASSETS LESS CURRENT LIABILITIES

(64,892

)

15,087

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(64,894

)

15,085

SHAREHOLDERS' FUNDS

(64,892

)

15,087

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 22 February 2017 and were signed by:

R E C Delcy - Director

1.	STATUTORY INFORMATION

Quantmax Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Changes in accounting policies

The presentation currency was changed from Sterling to US Dollars with effect from 1 July 2014 as

the main trading currency is US Dollars.

Foreign currencies

Assets and liabilities in foreign currencies are translated into US Dollars at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into US Dollars at

the average rate of exchange for the period. Exchange differences are taken into account in arriving at

the operating result.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2016

$

$

Trade debtors

1,198

1,198

Other debtors

7,600

644,371

8,798

645,569

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2016

$

$

Bank loans and overdrafts

-

2

Trade creditors

-

1,126,099

Taxation and social security

6,154

6,154

Other creditors

67,538

609,423

73,692

1,741,678