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REGISTERED NUMBER: 13210092 (England and Wales)















5QBanat Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






5QBanat Limited (Registered number: 13210092)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


5QBanat Limited

Company Information
for the year ended 31 March 2024







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 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment property 4 20,642,364 20,170,364

Current assets
Debtors 5 883,527 918,526
Cash at bank 330,977 239,496
1,214,504 1,158,022
Creditors
Amounts falling due within one year 6 10,195,313 20,219,059
Net current liabilities (8,980,809 ) (19,061,037 )
Total assets less current liabilities 11,661,555 1,109,327

Creditors
Amounts falling due after more than one
year

7

10,037,603

-
Net assets 1,623,952 1,109,327

Capital and reserves
Called up share capital 8 10 10
Retained earnings 1,623,942 1,109,317
Shareholders' funds 1,623,952 1,109,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 23 December 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 2024


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.

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 (2023 - 2 ) .

4. Investment property
Total
£
Fair value
At 1 April 2023 20,170,364
Additions 472,000
At 31 March 2024 20,642,364
Net book value
At 31 March 2024 20,642,364
At 31 March 2023 20,170,364

5QBanat Limited (Registered number: 13210092)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Investment property - continued

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
2024 2023
£ £
Trade debtors 649,179 667,641
Other debtors 234,348 250,885
883,527 918,526

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 440 -
Trade creditors 184,838 288,231
Taxation and social security 265,333 203,616
Other creditors 9,744,702 19,727,212
10,195,313 20,219,059

Included in other creditors are loans of £8,916,526 (2022 £19,393,632) which are secured by way of a fixed and floating charge against the investment properties of the company.

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 10,037,603 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 10,037,603 -

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
10 Ordinary £1 10 10