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Unaudited Financial Statements |
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for the Year Ended 31 July 2019 |
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for |
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QUEST GROUP HOLDINGS LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 July 2019 |
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for |
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QUEST GROUP HOLDINGS LIMITED |
QUEST GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 05391415) |
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Contents of the Financial Statements |
for the year ended 31 July 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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QUEST GROUP HOLDINGS LIMITED |
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Company Information |
for the year ended 31 July 2019 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
Coopers House |
65a Wingletye Lane |
Hornchurch |
Essex |
RM11 3AT |
QUEST GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 05391415) |
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Balance Sheet |
31 July 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 4 |
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Current assets |
Debtors | 5 |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets/(liabilities) |
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( |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital | 7 |
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Capital redemption reserve |
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Retained earnings |
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Shareholders' funds |
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The directors acknowledge their responsibilities for: |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved and authorised for issue by the Board of Directors on
signed on its behalf by: |
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QUEST GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 05391415) |
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Notes to the Financial Statements |
for the year ended 31 July 2019 |
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1. | Statutory information |
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Quest Group Holdings Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | Statement of compliance |
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3. | Accounting policies |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis under the historical cost convention. |
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The financial statements present information about the company as an individual undertaking and not about its |
group. |
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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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Key source of estimation, uncertainty and judgement |
The preparation of the financial statements requires management to make judgements, estimates and |
assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the |
amounts reported for revenues and expenses during the year. The nature of estimation means that actual |
outcomes could differ from those estimates.The key judgements, estimates and assumptions are outlined in the |
company's principal accounting policies which are set out below. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a |
party to the contractual provisions of the instrument. |
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Trade and other debtors and creditors are classified as basic financial instruments and measured at initial |
recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the |
effective interest rate method. A provision is established when there is objective evidence that the company will |
not be able to collect all amounts due. |
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Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank |
and bank overdrafts. |
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Financial liabilities and equity instruments issued by the company are classified in accordance with the |
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity |
instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company |
after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds |
received, net of direct issue costs. |
QUEST GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 05391415) |
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Notes to the Financial Statements - continued |
for the year ended 31 July 2019 |
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4. | Fixed asset investments |
Shares in |
group |
undertakings |
£ |
Cost |
At 1 August 2018 |
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Disposals | ( |
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At 31 July 2019 |
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Net book value |
At 31 July 2019 |
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At 31 July 2018 |
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5. | Debtors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Amounts owed by group undertakings |
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6. | Creditors: amounts falling due within one year |
2019 | 2018 |
£ | £ |
Amounts owed to group undertakings |
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7. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary 'A' | £1 | 100 | 100 |
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8. | Ultimate controlling party |
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The directors regard Bacchus Holdings Limited which is incorporated in Great Britain and registered in England |
and Wales as the ultimate parent company and the ultimate controlling party. |