The FQ Partnership Limited
Unaudited Financial Statements
For Filing with Registrar
For the year ended 30 November 2018
Company Registration No. 05298611 (England and Wales)
The FQ Partnership Limited
Company Information
Director
J Gambles
Company number
05298611
Registered office
The Butlers Wharf Building
36 Shad Thames
London
SE1 2YE
Accountants
Kingston Smith LLP
Devonshire House
60 Goswell Road
London
EC1M 7AD
Business address
The Butlers Wharf Building
36 Shad Thames
London
SE1 2YE
The FQ Partnership Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
The FQ Partnership Limited
Balance Sheet
As at 30 November 2018
Page 1
2018
2017
Notes
£
£
£
£
Current assets
Debtors
3
5,552
13,082
Cash at bank and in hand
2
2
5,554
13,084
Creditors: amounts falling due within one year
4
(5,552)
(13,082)
Net current assets
2
2
Capital and reserves
Called up share capital
5
2
2
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 16 July 2019
J Gambles
Director
Company Registration No. 05298611
The FQ Partnership Limited
Notes to the Financial Statements
For the year ended 30 November 2018
Page 2
1
Accounting policies
Company information
The FQ Partnership Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
The Butlers Wharf Building, 36 Shad Thames, London, SE1 2YE.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
The turnover represents payroll expenses recharged at cost to Quadrangle Research Group Ltd.
1.3
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 120 (2017 - 162).
The FQ Partnership Limited
Notes to the Financial Statements (Continued)
For the year ended 30 November 2018
Page 3
3
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
5,552
13,082
4
Creditors: amounts falling due within one year
2018
2017
£
£
Other taxation and social security
5,552
13,082
5
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
2 Ordinary shares of £1 each
2
2
2
2