Registrar

Registration number: 07612390

Quahoag Estates Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Quahoag Estates Limited

Company Information

Directors

N R H Whitehead T W Whitehead

Registered office

32 Fulbrooke Road Cambridge CB3 9EE

Solicitors

Hewitsons LLP Shakespeare House 42 Newmarket Road Cambridge CB5 8EP

Bankers

Barclays Bank PLC 9/11 St Andrews Street Cambridge Cambridgeshire CB2 3AA

Accountants

Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Quahoag Estates Limited

(Registration number: 07612390)
Balance Sheet as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,518,000	1,502,000
Current assets
Debtors	5	18,363	22,536
Cash at bank and in hand		11,946	22,687
		30,309	45,223
Creditors: Amounts falling due within one year	6	(109,551)	(144,106)
Net current liabilities		(79,242)	(98,883)
Total assets less current liabilities		1,438,758	1,403,117
Creditors: Amounts falling due after more than one year	6	(1,131,994)	(1,134,148)
Net assets		306,764	268,969
Capital and reserves
Called up share capital	7	100	100
Retained earnings		306,664	268,869
Shareholders' funds		306,764	268,969

For the financial year ending 30 April 2025 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 9 October 2025 and signed on its behalf by:
 

N R H Whitehead
Director

Quahoag Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1	General information

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

The address of its registered office is 32 Fulbrooke Road, Cambridge, CB3 9EE.

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).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of rent of commercial and residential properties. Turnover is shown net of 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

Current Tax is recognised in the profit and loss account, 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.

The current income 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 on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at fair value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for rent.

Quahoag Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 May 2024	1,502,000	1,502,000
Revaluations	16,000	16,000
At 30 April 2025	1,518,000	1,518,000
Depreciation
Carrying amount
At 30 April 2025	1,518,000	1,518,000
At 30 April 2024	1,502,000	1,502,000

Included within the net book value of land and buildings above is £1,518,000 (2024 - £1,502,000) in respect of freehold property.
 

Quahoag Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Revaluation

The fair value of the company's Freehold Property was revalued on 30 April 2025 by the director. Properties are valued at market value inclusive of assumed purchaser's costs on commercial and mixed use properties of 5.5%. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,599,534 (2024 - £1,599,534).

5

Debtors

	2025 £	2024 £
Trade debtors	8,365	2,322
Prepayments	2,805	4,485
Other debtors	7,193	15,729
	18,363	22,536

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	17,777	32,777
Social security and other taxes		3,980	3,180
Other payables		54,506	89,391
Accruals		3,250	3,150
Corporation tax		5,146	5,608
Other financial liabilities		10,000	10,000
Directors loan		14,892	-
		109,551	144,106

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	601,420	1,014,148
Other financial liabilities		530,574	120,000
		1,131,994	1,134,148

 

Creditors include bank loans repayable by instalments of £1,158 (2024 - £3,704) due after more than five years.

 

Quahoag Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	2,777	2,778
Directors loan	15,000	29,999
	17,777	32,777

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	12,269	15,046
Directors loan	589,151	999,102
	601,420	1,014,148

9	Related party transactions

At the year end outstanding loans made by directors' relations totalled £599,151 (2024 - £130,000). During the period interest was owed on loans to directors totalling £13,660 (2024 - £13,653).