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REGISTERED NUMBER: 03845686 (England and Wales)


















Financial Statements

for the Year Ended 31 January 2025

for

Q Ball Lease Company Limited

Q Ball Lease Company Limited (Registered number: 03845686)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Q Ball Lease Company Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: R W Cattermole
A L Carter
R W Lang



REGISTERED OFFICE: Merchant House
33 Fore Street
Ipswich
Suffolk
IP4 1JL



REGISTERED NUMBER: 03845686 (England and Wales)



SENIOR STATUTORY AUDITOR: Jeffrey Stanley BSc(Econ) FCA



AUDITORS: Xeinadin Audit Limited
Statutory Auditor
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billerciay
Essex
CM12 0EQ

Q Ball Lease Company Limited (Registered number: 03845686)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Investment property 4 350,000 350,000

CURRENT ASSETS
Debtors 5 65,841 45,099
Cash at bank 84,871 86,878
150,712 131,977
CREDITORS
Amounts falling due within one year 6 255,588 257,394
NET CURRENT LIABILITIES (104,876 ) (125,417 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,124

224,583

PROVISIONS FOR LIABILITIES 15,048 15,048
NET ASSETS 230,076 209,535

CAPITAL AND RESERVES
Called up share capital 7 4 4
Fair value reserve 8 84,952 84,952
Retained earnings 145,120 124,579
SHAREHOLDERS' FUNDS 230,076 209,535

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 21 July 2025 and were signed on its behalf by:





R W Lang - Director


Q Ball Lease Company Limited (Registered number: 03845686)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Q Ball Lease Company 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 rents received or receivable during the year net of VAT and trade discounts.

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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

Q Ball Lease Company Limited (Registered number: 03845686)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 350,000
NET BOOK VALUE
At 31 January 2025 350,000
At 31 January 2024 350,000

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 350,000

If had not been revalued would have been included at the following historical cost:

31.1.25 31.1.24
£    £   
Cost 250,000 250,000

The investment properties were revalued on a fair value basis by Countrywide, Chartered Surveyors. Approximately one third of properties are revalued as at each balance sheet date. Thus all investment properties are revalued at least once in any three year period. At the year end the director assesses those properties valued in prior years to ensure the value shown has not materially changed.

Revaluation gains of £Nil (2024: £Nil) have been included in profit and loss for the year and subsequently transferred to the fair value reserve.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 26,735 14,255
Amounts owed by group undertakings 39,106 30,844
65,841 45,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors - 1,521
Amounts owed to group undertakings 178,563 178,563
Taxation and social security 7,768 8,019
Other creditors 69,257 69,291
255,588 257,394

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
4 Ordinary £1 4 4

Q Ball Lease Company Limited (Registered number: 03845686)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. RESERVES
Fair
value
reserve
£   
At 1 February 2024
and 31 January 2025 84,952

Fair value reserve relates to investment property revaluations, shown net of deferred tax.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jeffrey Stanley BSc(Econ) FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

10. PARENT UNDERTAKING

The parent undertaking is Elizabeth Holdings Plc. The parent undertaking shares its registered office with Q Ball Lease Company Limited.

Copies of the group accounts can be obtained at Companies House, Cardiff, CF14 3UZ.