1st Quality Group Ltd - Limited company accounts 25.1

REGISTERED NUMBER: 10851721 (England and Wales)

1ST QUALITY GROUP LTD

REPORT OF THE DIRECTORS AND

UNAUDITED

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

7

DIRECTORS:

Mr P Pastou

Mrs A Pastou

SECRETARY:

REGISTERED OFFICE:

Unit 9, Netherhouse Farm

Sewardstone Road

Chingford

London

E4 7RJ

REGISTERED NUMBER:

10851721 (England and Wales)

ACCOUNTANTS:

T. PA Accountancy Services Limited

Hale House

Unit 5

296a Green Lanes

Palmers Green

London

N13 5TW

The directors present their report with the financial statements of the company and the group for the year ended 31 August 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of group investment activities.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 September 2024 to the date of this report.

Mr P Pastou

Mrs A Pastou

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr P Pastou - Director

16 December 2025

TURNOVER

205,860

211,749

Distribution costs

571

423

Administrative expenses

22,998

42,303

23,569

42,726

OPERATING PROFIT

182,291

169,023

Interest receivable and similar income

47

499

182,338

169,522

Interest payable and similar expenses

103,223

96,907

PROFIT BEFORE TAXATION

79,115

72,615

Tax on profit

17,089

15,461

PROFIT FOR THE FINANCIAL YEAR

62,026

57,154

Profit attributable to:

Owners of the parent

62,026

57,154

FIXED ASSETS

Investments

5

-

Investment property

6

2,728,921

CURRENT ASSETS

Debtors

7

100,639

121,364

Investments

8

218,569

228,744

Cash at bank and in hand

27,600

66,659

346,808

416,767

CREDITORS

Amounts falling due within one year

9

57,960

65,739

NET CURRENT ASSETS

288,848

351,028

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,017,769

3,079,949

CREDITORS

Amounts falling due after more than one year

10

1,570,005

1,595,711

NET ASSETS

1,447,764

1,484,238

CAPITAL AND RESERVES

Called up share capital

11

300

Retained earnings

12

1,447,464

1,483,938

SHAREHOLDERS' FUNDS

1,447,764

1,484,238

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr P Pastou - Director

CURRENT ASSETS

Cash in hand

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

100

CAPITAL AND RESERVES

Called up share capital

11

100

SHAREHOLDERS' FUNDS

100

Company's profit for the financial year

-

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

Mr P Pastou - Director

1.	STATUTORY INFORMATION

1st Quality Group 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 General 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

5.	FIXED ASSET INVESTMENTS

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

1st Quality Residential Investments Limited

Registered office: Unit 9, Netherhouse Farm, Sewardstone Road, London E4 7RJ

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

Aggregate capital and reserves

4,698

3,333

Profit for the year

1,365

346

1st Quality Investments Limited

Registered office: Unit 9, Netherhouse Farm, Sewardstone Road, London E4 7RJ

Nature of business: Property Investment

%

Class of shares:

holding

Ordinary

100.00

2025

2024

£

Aggregate capital and reserves

1,442,966

1,480,705

Profit for the year

60,661

56,808

6.	INVESTMENT PROPERTY

Group

Total

£

FAIR VALUE

At 1 September 2024

and 31 August 2025

2,728,921

NET BOOK VALUE

At 31 August 2025

2,728,921

At 31 August 2024

2,728,921

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

2025

2024

£

Trade debtors

4,464

-

Amounts owed by associates

96,175

116,900

Prepayments

-

4,464

100,639

121,364

8.	CURRENT ASSET INVESTMENTS

Group

2025

2024

£

Unlisted investments

218,569

228,744

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

2025

2024

£

Bank loans and overdrafts

7,549

-

Other loans

11,413

10,175

Amounts owed to associates

-

30,425

Corporation tax payable

17,089

15,461

Social security and other taxes

43

VAT

8,750

-

Directors' current accounts

11,316

7,835

Accrued expenses

1,800

57,960

65,739

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group

2025

2024

£

Bank loans more 5 yr by instal

1,570,005

1,595,711

Amounts falling due in more than five years:

Group

2025

2024

£

Repayable by instalments

Bank loans more 5 yr by instal

1,570,005

1,595,711

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

300

12.

RESERVES

Group

Retained

earnings

£

At 1 September 2024

1,483,938

Profit for the year

62,026

Dividends

(98,500

)

At 31 August 2025

1,447,464