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Registration number: 08630001

Quantock Commercial Management Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 July 2025

Quantock Commercial Management Limited

Contents

Statement of Financial Position | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 9

Quantock Commercial Management Limited

(Registration number: 08630001)
Statement of Financial Position as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 91,743 | 22,278
Current assets |  |  |
Stocks |  | 25,000 | 25,000
Debtors | 5 | 10,305 | 6,030
Cash at bank and in hand |  | 14,404 | 99,826
|  | 49,709 | 130,856
Creditors: Amounts falling due within one year | 6 | (61,141) | (40,273)
Net current (liabilities)/assets |  | (11,432) | 90,583
Total assets less current liabilities |  | 80,311 | 112,861
Creditors: Amounts falling due after more than one year | 6 | (48,067) | -
Provisions for liabilities |  | (21,033) | (5,570)
Net assets |  | 11,211 | 107,291
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 11,111 | 107,191
Shareholders' funds |  | 11,211 | 107,291

For the financial year ending 31 July 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 Statement of Comprehensive Income.

Quantock Commercial Management Limited

(Registration number: 08630001)
Statement of Financial Position as at 31 July 2025 (continued)

Approved and authorised by the Board on 8 April 2026 and signed on its behalf by:

Mr A Buttle Director

Quantock Commercial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1 | General information

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

The address of its registered office is:
7 Castle Street
Bridgwater
Somerset
TA6 3DD

Principal activity

The principal activity of the company is is that of commercial property management.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

As at 31 July 2025 the company had current liabilities totalling £11,432. This is due to the amounts owed to the directors. The directors have expressed their continued support of the company and will not seek repayment of their loan accounts for at least 12 months from the date of approval of these financial statements, or until such time as the company has sufficient funds to do so without detriment to the other creditors. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Quantock Commercial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. 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

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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 in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Quantock Commercial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & Machinery | 15% reducing balance
Fixtures & Fittings | 15% reducing balance
Motor Vehicles | 25% reducing balance
Office Equipment | 33% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 statement of comprehensive income 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.

Quantock Commercial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2 | Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 4).

Quantock Commercial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4 | Tangible assets

| Fixtures and fittings £ | Plant and machinery £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 5,477 | 26,910 | 12,350 | - | 44,737
Additions | - | 927 | 1,944 | 81,766 | 84,637
Disposals | - | - | (2,099) | - | (2,099)
At 31 July 2025 | 5,477 | 27,837 | 12,195 | 81,766 | 127,275
Depreciation
At 1 August 2024 | 1,312 | 13,332 | 7,815 | - | 22,459
Charge for the year | 625 | 2,155 | 1,435 | 9,985 | 14,200
Eliminated on disposal | - | - | (1,127) | - | (1,127)
At 31 July 2025 | 1,937 | 15,487 | 8,123 | 9,985 | 35,532
Carrying amount
At 31 July 2025 | 3,540 | 12,350 | 4,072 | 71,781 | 91,743
At 31 July 2024 | 4,165 | 13,578 | 4,535 | - | 22,278

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 5,400
Other debtors | 9,404 | 630
Prepayments | 481 | -
Accrued income | 420 | -
| 10,305 | 6,030

Quantock Commercial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 7,064 | -
Trade creditors |  | - | 3,356
Taxation and social security |  | 12,263 | 28,797
Accruals and deferred income |  | 3,285 | 3,045
Other creditors |  | 38,529 | 5,075
|  | 61,141 | 40,273

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 48,067 | -

7 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

Quantock Commercial Management Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 43,104 | -
Finance lease liabilities | 4,963 | -
| 48,067 | -

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 4,627 | -
Finance lease liabilities | 2,437 | -
| 7,064 | -

9 | Related party transactions

Transactions with directors

2025 | At 1 August 2024 £ | Advances to director £ | Repayments by director £ | At 31 July 2025 £
Director's advances and credits - Repayable on demand and interest charged at HMRC's official rate | - | 78,008 | (78,008) | -