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REGISTERED NUMBER: 09933195 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

QUERCUS 7 LIMITED

| QUERCUS 7 LIMITED (REGISTERED NUMBER: 09933195) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| QUERCUS 7 LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2025

| DIRECTORS: | A Andreou

| J M Carrington-West

| S Robson

| A P Rowbotham

| J A N Tibbitts

| SECRETARY: | M T Goodman

| REGISTERED OFFICE: | Sevenoaks District Council Offices

| Argyle Road

| Sevenoaks

| Kent

| TN13 1HG

| REGISTERED NUMBER: | 09933195 (England and Wales)

| AUDITORS: | Cassidys Chartered Accountants

| And Registered Auditors

| South Stour Offices

| South Stour Road

| Mersham

| Ashford

| Kent

| TN25 7HS

| QUERCUS 7 LIMITED (REGISTERED NUMBER: 09933195) |

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 4 | 10,718,600 |  | 10,791,200 |  |

CURRENT ASSETS

Debtors | 5 | 12,937 |  | 30,784 |  |

Cash at bank | 228,960 |  | 148,614 |  |

241,897 |  | 179,398 |  |

CREDITORS

Amounts falling due within one year | 6 | 156,054 |  | 171,448 |  |

NET CURRENT ASSETS | 85,843 |  | 7,950 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 10,804,443 |  | 10,799,150 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (5,923,356 | ) | (5,923,356 | ) |

PROVISIONS FOR LIABILITIES | (167,897 | ) | (186,047 | ) |

NET ASSETS | 4,713,190 |  | 4,689,747 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 3,991,325 |  | 3,991,325 |  |

Retained earnings | 721,865 |  | 698,422 |  |

SHAREHOLDERS' FUNDS | 4,713,190 |  | 4,689,747 |  |

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

A P Rowbotham - Director

S Robson - Director

| QUERCUS 7 LIMITED (REGISTERED NUMBER: 09933195) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. | STATUTORY INFORMATION

| Quercus 7 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.

| The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Investment property

| Investment property is stated at its fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Going concern

| The financial statements are prepared on a going concern basis. The directors have considered all available information about the future and have prepared a business plan to March 2028, which includes financial forecasts and risk assessments. The Company has access to funding to meet its working capital requirements by way of loans issued by its parent entity, Sevenoaks District Council, and the company has received confirmation from the parent entity of its continued support.

| From the above assessment, the directors believe that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis of accounting in preparing the financial statements.

| QUERCUS 7 LIMITED (REGISTERED NUMBER: 09933195) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024 | 10,791,200 |  |

| Revaluations | (72,600 | ) |

| At 31 March 2025 | 10,718,600 |  |

| NET BOOK VALUE

| At 31 March 2025 | 10,718,600 |  |

| At 31 March 2024 | 10,791,200 |  |

| Fair value at 31 March 2025 is represented by:

£ |

| Valuation in 2020 | (564,444 | ) |

| Valuation in 2021 | 752,031 |  |

| Valuation in 2022 | 329,400 |  |

| Valuation in 2023 | 159,200 |  |

| Valuation in 2024 | 68,000 |  |

| Valuation in 2025 | (72,600 | ) |

| Cost | 10,047,013 |  |

10,718,600 |  |

| If investment properties had not been revalued they would have been included at the following historical cost:

| 31.3.25 |  | 31.3.24

£ | £ |

| Cost | 10,047,013 |  | 10,047,013 |  |

| The investment properties were valued on an open market basis on 31 March 2025 and 31 March 2024 by external independent valuers, Wilks Head and Eve LLP, Chartered Surveyors. This basis is more reflective of their value to the company than the fair value basis used in line with local authority accounting requirements on 31 March 2020.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 988 |  | - |  |

| Amounts owed by group undertakings | - |  | 3,093 |  |

| Other debtors | 11,949 |  | 27,691 |  |

12,937 |  | 30,784 |  |

| QUERCUS 7 LIMITED (REGISTERED NUMBER: 09933195) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade creditors | 60 |  | - |  |

| Amounts owed to group undertakings | 27,506 |  | 34,995 |  |

| Taxation and social security | 65,174 |  | 57,641 |  |

| Other creditors | 63,314 |  | 78,812 |  |

156,054 |  | 171,448 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other creditors | 5,923,356 |  | 5,923,356 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 5,923,356 |  | 5,923,356 |  |

| Other creditors due more than one year are loans due to the company's immediate and ultimate parent, Sevenoaks District Council.

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.3.25 |  | 31.3.24

£ | £ |

| Other loans | 5,923,356 |  | 5,923,356 |  |

| The loans are secured by fixed charges over the investment properties they relate to.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.3.25 |  | 31.3.24

| value: | £ | £ |

| 3,991,325 | Ordinary | 1 | 3,991,325 |  | 3,991,325 |  |

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Stuart G Whorlow (Senior Statutory Auditor)

| for and on behalf of Cassidys Chartered Accountants

| QUERCUS 7 LIMITED (REGISTERED NUMBER: 09933195) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2025

11. | RELATED PARTY DISCLOSURES

| The company's immediate and ultimate parent is Sevenoaks District Council, which is a local UK government organisation.

| The company is included in the consolidated financial statements of Sevenoaks District Council, which are available from Council Offices, Argyle Road, Sevenoaks, Kent TN13 1HG.