QUESTER VENTURE PARTICIPATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019
Quester Venture Participations Limited is a private company limited by shares and is registered in England. The address of the registered office and principal place of business is 62 Dean Street, London, W1D 4QF.
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Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The following principal accounting policies have been applied:
Following the successful conclusion of the intended activities by the company, the directors intend to carry out an orderly wind down of the company's activities and enter into a voluntary liquidation once activities have ceased, all liabilities have been settled and the original capital and profits distributed. Accordingly, the directors have prepared the financial statements on a break up basis
Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.
Short term debtors are measured at transaction price, less any impairment.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at the transaction price.
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