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REGISTERED NUMBER: 02150153 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

QED CAPITAL ASSETS LIMITED

QED CAPITAL ASSETS LIMITED (REGISTERED NUMBER: 02150153)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


QED CAPITAL ASSETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: C J Gilbert
R A Gilbert
M A Nicholson
M E Gilbert





SECRETARY: R A Gilbert





REGISTERED OFFICE: 80 Manor Road
Lancing
BN15 0HD





REGISTERED NUMBER: 02150153 (England and Wales)





ACCOUNTANTS: Galloways Accounting Limited
15 West Street
Brighton
East Sussex
BN1 2RL

QED CAPITAL ASSETS LIMITED (REGISTERED NUMBER: 02150153)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,899 12,817
Investments 5 4,500 4,500
Investment property 6 7,207,050 6,897,050
7,233,449 6,914,367

CURRENT ASSETS
Debtors 7 932,780 1,430,154
Cash at bank 422,885 359,864
1,355,665 1,790,018
CREDITORS
Amounts falling due within one year 8 (398,492 ) (352,454 )
NET CURRENT ASSETS 957,173 1,437,564
TOTAL ASSETS LESS CURRENT LIABILITIES 8,190,622 8,351,931

CREDITORS
Amounts falling due after more than one year 9 (2,569,250 ) (2,649,250 )

PROVISIONS FOR LIABILITIES 10 (822,500 ) (745,000 )
NET ASSETS 4,798,872 4,957,681

CAPITAL AND RESERVES
Called up share capital 9 9
Capital redemption reserve 1 1
Retained earnings 4,798,862 4,957,671
4,798,872 4,957,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:





M A Nicholson - Director


QED CAPITAL ASSETS LIMITED (REGISTERED NUMBER: 02150153)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

QED Capital Assets 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 3 - 7 years straight line
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Interests in investments, which include community investments, are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

QED CAPITAL ASSETS LIMITED (REGISTERED NUMBER: 02150153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023 128,063 12,398 140,461
Additions 11,419 639 12,058
Disposals (8,775 ) - (8,775 )
At 30 September 2024 130,707 13,037 143,744
DEPRECIATION
At 1 October 2023 115,694 11,950 127,644
Charge for year 2,699 277 2,976
Eliminated on disposal (8,775 ) - (8,775 )
At 30 September 2024 109,618 12,227 121,845
NET BOOK VALUE
At 30 September 2024 21,089 810 21,899
At 30 September 2023 12,369 448 12,817

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 4,500
NET BOOK VALUE
At 30 September 2024 4,500
At 30 September 2023 4,500

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 6,897,050
Revaluations 310,000
At 30 September 2024 7,207,050
NET BOOK VALUE
At 30 September 2024 7,207,050
At 30 September 2023 6,897,050

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2017 3,196,069
Valuation in 2018 539,423
Valuation in 2019 48,447
Valuation in 2020 (855,000 )
Valuation in 2022 550,319
Valuation in 2024 310,000
Cost 3,417,792
7,207,050

The fair value of the investment properties (excluding the additions in the current period) has been arrived at on the basis of a valuation carried out by C J Gilbert, who is a chartered surveyor and a director of the company. The valuation was based on the open market value of freehold interests with the benefit of existing leases. The directors deem that the cost of the additions in the current period and the valuation of the other properties undertaken in 2023 represent the fair value of the properties as at 30 September 2024.

QED CAPITAL ASSETS LIMITED (REGISTERED NUMBER: 02150153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 54,700 184,520
Amounts owed by group undertakings 847,357 -
Other debtors 30,723 1,245,634
932,780 1,430,154

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 80,000 80,000
Trade creditors 18,332 132,777
Taxation and social security 21,996 104,739
Other creditors 278,164 34,938
398,492 352,454

The company has granted fixed and floating charges to secure the bank loans.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,569,250 2,649,250

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 822,500 745,000

Deferred
tax
£   
Balance at 1 October 2023 745,000
Charge to Income Statement during year 77,500
Balance at 30 September 2024 822,500