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REGISTERED NUMBER: 13210092 (England and Wales)















5QBanat Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






5QBanat Limited (Registered number: 13210092)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


5QBanat Limited

Company Information
for the year ended 31 March 2023







Directors: M J Allen
JTC Directors (UK) Limited





Secretary: JTC Corporate Officers Middle East Limited





Registered office: The Scalpel
18th Floor
52 Lime Street
London
EC3M 7AF





Registered number: 13210092 (England and Wales)





Accountants: Cooper Parry Advisory Limited
250 Fowler Avenue
Farnborough
Hampshire
GU14 7JP

5QBanat Limited (Registered number: 13210092)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investment property 4 20,170,364 20,170,364

Current assets
Debtors 5 918,526 485,217
Cash at bank 239,496 357,384
1,158,022 842,601
Creditors
Amounts falling due within one year 6 20,219,059 20,559,218
Net current liabilities (19,061,037 ) (19,716,617 )
Total assets less current liabilities 1,109,327 453,747

Capital and reserves
Called up share capital 7 10 10
Retained earnings 1,109,317 453,737
Shareholders' funds 1,109,327 453,747

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





M J Allen - Director


5QBanat Limited (Registered number: 13210092)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

5QBanat 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 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention and modified to include investment properties at fair value. The principle accounting policies adopted are set out below.

Reporting Period
The prior year figures are for the period 18 February 2021 to 31 March 2022, therefore the comparatives are not entirely comparable.

Turnover
Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Investment property
Investment property is measured at fair value at the reporting date.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its Financial instruments.

Basic financial assets
Basic financial assets, which include debtors and bank balances are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditor and bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 2 (2022 - 2 ) .

5QBanat Limited (Registered number: 13210092)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Investment property
Total
£
Fair value
At 1 April 2022
and 31 March 2023 20,170,364
Net book value
At 31 March 2023 20,170,364
At 31 March 2022 20,170,364

The directors have considered the fair value of the investment properties at the reporting date and do not believe there to be a material charge since acquisition. For that reason, there has been no fair value adjustment.

These investment properties have been secured by way of a fixed and floating charge. See note 6 for more details.

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 667,641 287,811
Other debtors 250,885 197,406
918,526 485,217

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 288,231 177,991
Taxation and social security 203,616 135,671
Other creditors 19,727,212 20,245,556
20,219,059 20,559,218

Included in other creditors are loans of £19,393,632 (2022 £19,983,647) which are secured by way of a fixed and floating charge against the investment properties of the company.

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
10 Ordinary £1 10 10