REGISTERED NUMBER: 10374020 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GQ HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I Qandah

SECRETARY:

REGISTERED OFFICE:

14 Southbrook Terrace

Bradford

BD7 1AD

REGISTERED NUMBER:

10374020 (England and Wales)

ACCOUNTANTS:

Southbrook Accountants Limited

14 Southbrook Terrace

Bradford

West Yorkshire

BD7 1AD

FIXED ASSETS

Tangible assets

4

191,544

195,896

CURRENT ASSETS

Debtors

5

15,000

15,000

Cash at bank

97,087

91,010

112,087

106,010

CREDITORS

Amounts falling due within one year

6

12,620

10,799

NET CURRENT ASSETS

99,467

95,211

TOTAL ASSETS LESS CURRENT LIABILITIES

291,011

291,107

CREDITORS

Amounts falling due after more than one year

7

422,510

419,072

NET LIABILITIES

(131,499

)

(127,965

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(131,599

)

(128,065

)

SHAREHOLDERS' FUNDS

(131,499

)

(127,965

)

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 director acknowledges his 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 director and authorised for issue on 13 October 2025 and were signed by:

I Qandah - Director

1.	STATUTORY INFORMATION

Gq Holdings Ltd 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.

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.

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

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 NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1 October 2023

and 30 September 2024

166,878

40,164

350

207,392

DEPRECIATION

At 1 October 2023

-

11,146

350

11,496

Charge for year

-

4,352

-

4,352

At 30 September 2024

-

15,498

350

15,848

NET BOOK VALUE

At 30 September 2024

166,878

24,666

-

191,544

At 30 September 2023

166,878

29,018

-

195,896

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

15,000

15,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

10,979

9,464

Other creditors

1,641

1,335

12,620

10,799

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other creditors

422,510

419,072

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I Qandah.