Company registration number SC823014 (Scotland)
GQHS PROPERTY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 5 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
GQHS PROPERTY LTD
Contents
Page
Accountants' report
1
Statement of financial position
2
Notes to the financial statements
3 - 6
GQHS PROPERTY LTD
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF GQHS PROPERTY LTD
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GQHS Property Ltd for the period ended 5 April 2025 which comprise, the statement of financial position and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the b oard of d irectors of GQHS Property Ltd, as a body, in accordance with the terms of our engagement letter dated 28 October 2024. Our work has been undertaken solely to prepare for your approval the financial statements of GQHS Property Ltd and state those matters that we have agreed to state to the b oard of d irectors of GQHS Property Ltd, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GQHS Property Ltd and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that GQHS Property Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of GQHS Property Ltd. You consider that GQHS Property Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of GQHS Property Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Condie & Co Limited trading as Dains
Chartered Accountants
10 Abbey Park Place
Dunfermline
Fife
KY12 7NZ
18 November 2025
GQHS PROPERTY LTD
Statement Of Financial Position
As At 5 April 2025
- 2 -
2025
Notes
£
£
Fixed assets
Investment property
4
274,121
Current assets
Debtors
5
12
Cash at bank and in hand
8,469
8,481
Creditors: amounts falling due within one year
6
(94,402)
Net current liabilities
(85,921)
Total assets less current liabilities
188,200
Creditors: amounts falling due after more than one year
7
(190,025)
Net liabilities
(1,825)
Capital and reserves
Called up share capital
8
2,000
Profit and loss reserves
(3,825)
Total equity
(1,825)

For the financial period ended 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 18 November 2025 and are signed on its behalf by:
Dr Z Yang
Director
Company registration number SC823014 (Scotland)
GQHS PROPERTY LTD
Notes To The Financial Statements
For The Period Ended 5 April 2025
- 3 -
1
Accounting policies
Company information

GQHS Property Ltd is a private company limited by shares incorporated in Scotland. The registered office is 1 George Square, Castle Brae, Dunfermline, Fife, KY11 8QF.

1.1
Reporting period

These financial statements represent the first accounting period from 1 7 September 2024, date of incorporation, to 5 April 2025.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

The financial statements true have been prepared on a going concern basis, which assumes that the company will be able to continue in existence for the foreseeable future. The company is dependent on the continued support of its directors. The directors are confident about the continued support and accordingly consider it appropriate for the financial statements to be prepared on the going concern basis.

1.4
Turnover

Revenue comprises sales o f services provided to customers. Revenue is recognised when performance obligations are satisfied. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

GQHS PROPERTY LTD
Notes To The Financial Statements (Continued)
For The Period Ended 5 April 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

GQHS PROPERTY LTD
Notes To The Financial Statements (Continued)
For The Period Ended 5 April 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
0
4
Investment property
2025
£
Fair value
At 17 September 2024
-
0
Additions
274,121
At 5 April 2025
274,121

The investment properties were valued on purchase on an open market value basis. In the opinion of the directors, the carrying amount is reflective of current market value after consideration of available market data.

In 2025 investment property with a carrying amount of £274,121 have been pledged to secure borrowings in favour of The Mortgage Lender Limited.

5
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
12
6
Creditors: amounts falling due within one year
2025
£
Other creditors
94,402
7
Creditors: amounts falling due after more than one year
2025
£
Bank loans and overdrafts
190,025
GQHS PROPERTY LTD
Notes To The Financial Statements (Continued)
For The Period Ended 5 April 2025
- 6 -
8
Called up share capital
2025
2025
Ordinary share capital
Number
£
Issued and fully paid
2000 Ordinary Shares of £1 each
2,000
2,000

On 17 September 2024, the company issued 2000 Ordinary share s of £1 each. The purpose of this was to raise the initial share capital of the company.

9
Related party transactions

The company has taken advantage of Section 1AC35 of FRS 102 whereby only material transactions which are not under the normal market conditions need to be disclosed.

10
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Zichu Yang
-
-
45,001
45,001
Junling Liao
-
-
45,001
45,001
-
90,002
90,002

The balance due to the directors, which is included in other creditors, is interest free and repayable on demand.

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