Quality Sino Merchandise Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00758091 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

QUALITY SINO MERCHANDISE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M L Judge

Mr P J Judge

Ms C Judge

Mrs N Khan

SECRETARY:

Mrs M L Judge

REGISTERED OFFICE:

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

REGISTERED NUMBER:

00758091 (England and Wales)

ACCOUNTANTS:

Newton Magnus

Chartered Certified Accountants

Arrowsmith Court

Station Approach

Broadstone

Dorset

BH18 8AT

FIXED ASSETS

Tangible assets

4

375,284

375,088

Investments

5

28,280

103,927

403,564

479,015

CURRENT ASSETS

Debtors

6

10,652

10,096

Cash at bank

347,327

296,926

357,979

307,022

CREDITORS

Amounts falling due within one year

7

(7,359

)

(6,033

)

NET CURRENT ASSETS

350,620

300,989

TOTAL ASSETS LESS CURRENT
LIABILITIES

754,184

780,004

PROVISIONS FOR LIABILITIES

(34,714

)

(34,671

)

NET ASSETS

719,470

745,333

CAPITAL AND RESERVES

Called up share capital

3,295

Fair value reserve

8

88,570

104,213

Retained earnings

627,605

637,825

SHAREHOLDERS' FUNDS

719,470

745,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 21 October 2025 and were signed on its behalf by:

Mr P J Judge - Director

1.	STATUTORY INFORMATION

Quality Sino Merchandise 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 the value of goods and services supplied during the year, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

No depreciation

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

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 (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

COST OR VALUATION

At 1 April 2024

375,000

14,336

-

389,336

Additions

-

279

At 31 March 2025

375,000

14,336

279

389,615

DEPRECIATION

At 1 April 2024

-

14,248

-

14,248

Charge for year

-

13

70

83

At 31 March 2025

-

14,261

70

14,331

NET BOOK VALUE

At 31 March 2025

375,000

75

209

375,284

At 31 March 2024

375,000

88

-

375,088

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

Valuation in 2013

520,000

-

520,000

Valuation in 2014

65,000

-

65,000

Valuation in 2017

38,000

-

38,000

Valuation in 2018

(49,520

)

-

(49,520

)

Valuation in 2019

(264,874

)

-

(264,874

)

Valuation in 2020

(28,606

)

-

(28,606

)

Valuation in 2022

20,000

-

20,000

Valuation in 2023

45,000

14,336

-

59,336

Valuation in 2024

30,000

-

30,000

Valuation in 2025

-

279

375,000

14,336

279

389,615

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

2025

2024

£

Cost

217,492

Investment property was valued on an open market basis on 16 October 2025 by the director .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

103,927

Disposals

(60,004

)

Revaluations

(15,643

)

At 31 March 2025

28,280

NET BOOK VALUE

At 31 March 2025

28,280

At 31 March 2024

103,927

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2025

28,280

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

61,420

121,424

Fixed assets investments were valued on an open market basis on 1 April 2025 by Hargreaves Lansdown .

6.

DEBTORS

2025

2024

£

Amounts falling due within one year:

Other debtors

10,652

4,221

Amounts falling due after more than one year:

Trade debtors

-

5,875

Aggregate amounts

10,652

10,096

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

-

1

Taxation and social security

5,559

4,232

Other creditors

1,800

7,359

6,033

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

104,213

Revaluations in year

(15,643

)

At 31 March 2025

88,570

9.	ULTIMATE CONTROLLING PARTY

P J Judge is the company's ultimate controlling party by virtue of his majority interest in the shares of the company.