QCH Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

QCH Limited

Company Information

Directors

M Cooke S J Price

Registered office

Queen Charlotte House Queen Charlotte Street Bristol BS1 4HQ

Registered Number

08819929

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

QCH Limited

(Registration number: 08819929)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Investment property	4	7,000,000	8,831,234
Current assets
Debtors	5	944,020	783,879
Cash at bank and in hand		412,924	73,571
		1,356,944	857,450
Creditors: Amounts falling due within one year	6	(219,489)	(171,372)
Net current assets		1,137,455	686,078
Total assets less current liabilities		8,137,455	9,517,312
Creditors: Amounts falling due after more than one year	6	(24,510)	-
Provisions for liabilities		(1,105,107)	(1,632,675)
Net assets		7,007,838	7,884,637
Capital and reserves
Called up share capital		360	360
Retained earnings		7,007,478	7,884,277
Shareholders' funds		7,007,838	7,884,637

QCH Limited

(Registration number: 08819929)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:
 

......................................... M Cooke Director

QCH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Queen Charlotte House
Queen Charlotte Street
Bristol
BS1 4HQ

These financial statements were authorised for issue by the Board on 11 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).There have been no material departures from the Financial Reporting Standard 102 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

QCH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

QCH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4	Investment properties

	2024 £
At 1 January	8,831,234
Disposals	(3,133)
Fair value adjustments	(1,828,101)
At 31 December	7,000,000

The fair value of the investment property has been arrived at by a valuation by the directors at the open market value at 31 December 2024 based on similar properties.

If the investment property had been recognised under the historic cost accounting rules, the property value would have been £2,268,453 (2023 - £2,271,586).

5

Debtors

	2024 £	2023 £
Trade debtors	-	176,113
Prepayments and accrued income	5,261	3,540
Other debtors	938,759	604,226
	944,020	783,879

QCH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Due within one year	2024 £	2023 £
Trade creditors	1,846	8,583
Taxation and social security	166,798	109,255
Accruals and deferred income	50,845	53,534
	219,489	171,372

 

	2024 £	2023 £
Due after one year
Other creditors	24,510	-

7	Financial commitments, guarantees and contingencies

Guarantees

The company has been subject to a fixed charge applied to the investment properties held, to provide security against an overdraft facility taken in a company with mutual shareholders.

8	Related party transactions

Loans to related parties

2024	Other related parties £	Total £
At start of period	505,000	505,000
Advanced	417,999	417,999
Repaid	(105,000)	(105,000)
At end of period	817,999	817,999

2023	Other related parties £	Total £
Advanced	505,000	505,000
At end of period	505,000	505,000

Terms of loans to related parties

The loans to other related parties are interest free and repayable on demand.

QCH Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Loans from related parties

2023	Other related parties £	Total £
At start of period	5,000	5,000
Advanced	1,000,000	1,000,000
Repaid	(1,005,000)	(1,005,000)
At end of period	-	-

Terms of loans from related parties

The loans from other related parties are interest free and repayable on demand.