REGISTERED NUMBER: 00779274 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

QUERCUS ENTERPRISES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Sarin BA FCCA

Miss Natasha Sarin

REGISTERED OFFICE:

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

REGISTERED NUMBER:

00779274 (England and Wales)

ACCOUNTANTS:

GBJ Financial Limited

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

FIXED ASSETS

Tangible assets

4

116,228

26,051

Investments

5

11,500

11,500

Investment property

6

11,830,000

12,035,500

11,957,728

12,073,051

CURRENT ASSETS

Debtors

7

160,562

310,457

Cash at bank

1,618,933

1,897,628

1,779,495

2,208,085

CREDITORS

Amounts falling due within one year

8

381,206

803,928

NET CURRENT ASSETS

1,398,289

1,404,157

TOTAL ASSETS LESS CURRENT LIABILITIES

13,356,017

13,477,208

CREDITORS

Amounts falling due after more than one year

9

(2,698,238

)

(2,820,360

)

PROVISIONS FOR LIABILITIES

(36,904

)

(123,555

)

NET ASSETS

10,620,875

10,533,293

CAPITAL AND RESERVES

Called up share capital

10

200

200

Revaluation reserve

11

1,605,742

1,724,591

Retained earnings

9,014,933

8,808,502

SHAREHOLDERS' FUNDS

10,620,875

10,533,293

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 September 2025 and were signed on its behalf by:

T D Sarin BA FCCA - Director

1.	STATUTORY INFORMATION

Quercus Enterprises 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 represents rental income net of VAT and discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant & machinery 15% ~ 33.33% Straight Line

Motor vehicle 20% Straight Line

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.

Investments

Fixed asset investments are measured at fair value. Changes in fair value are recognised in profit or loss.

Revenue recognition

Rental income represents rents due for the period, calculated on an accruals basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

115,822

Additions

118,555

Disposals

(109,557

)

At 31 December 2024

124,820

DEPRECIATION

At 1 January 2024

89,771

Charge for year

28,378

Eliminated on disposal

(109,557

)

At 31 December 2024

8,592

NET BOOK VALUE

At 31 December 2024

116,228

At 31 December 2023

26,051

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

11,500

NET BOOK VALUE

At 31 December 2024

11,500

At 31 December 2023

11,500

Cost or valuation at 31 December 2024 is represented by:

Other

investments

£

Cost

11,500

The directors consider the current market value of other investments to be £11,500.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

12,035,500

Revaluations

(205,500

)

At 31 December 2024

11,830,000

NET BOOK VALUE

At 31 December 2024

11,830,000

At 31 December 2023

12,035,500

In 2024 a professional valuation of investment properties was carried out by an independent firm of commercial property consultants, on a market value basis in accordance with the RICS Valuation, Global Standards 2017. The directors consider the current market value to be £11,830,000. No depreciation is provided in respect of these properties.

The historical cost of the investment properties is £10,187,353 (2023: £10,187,353).

A provision has been made for deferred tax on gains on revaluing properties to their fair value. The total amount provided is £36,904.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2014

1,450,800

Valuation in 2015

(60,000

)

Valuation in 2018

778,827

Valuation in 2022

(12,313

)

Valuation in 2023

(309,167

)

Valuation in 2024

(205,500

)

Cost

10,187,353

11,830,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

5,317

-

Other debtors

155,245

310,457

160,562

310,457

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

90,856

210,000

Taxation and social security

81,482

375,964

Other creditors

208,868

217,964

381,206

803,928

Bank borrowings are secured by an unlimited debenture and a first legal charge over the freehold properties of the company.

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,698,238

2,820,360

Bank borrowings are secured by an unlimited debenture and a first legal charge over the freehold properties of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary shares

£1

200

200

11.

RESERVES

Revaluation

reserve

£

At 1 January 2024

1,724,591

Deferred tax on revaluation

86,651

Revaluation in year

(205,500

)

At 31 December 2024

1,605,742