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Registered number: 16013733
QUILAM CAPITAL CREDIT FINANCE LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025
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QUILAM CAPITAL CREDIT FINANCE LIMITED
REGISTERED NUMBER: 16013733
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 9 form part of these financial statements.
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QUILAM CAPITAL CREDIT FINANCE LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025
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Comprehensive income for the 15 month period
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Profit for the 15 month period
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Total comprehensive income for the 15 month period
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Contributions by and distributions to owners
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Dividends: Equity capital
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Shares issued during the 15 month period
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Total transactions with owners
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The notes on pages 3 to 9 form part of these financial statements.
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QUILAM CAPITAL CREDIT FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025
Quilam Capital Credit Finance Limited (the 'Company'), a private company limited by shares incorporated on 11th October 2024.
The principal activity of the Company is that of providing flexible funding to entrepreneurs and growing businesses in the speciality finance sector.
The Company's registered number is 16013733 and principal place of business is Level 2, 32 Brook Street, London, W1K 5DL.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.Thus, the directors adopt the going concern basis of accounting in preparing the financial statements,which the directors believe is appropriate based on the facts set out below.
The directors of the Company have reviewed forecasts and budgets and are monitoring the portfolio of loans regularly as well as working closely with the portfolio companies to manage their cashflows and are therefore confident of the Company's ability to continue trading as a going concern.
The directors continue to adopt the going concern basis in preparing the financial statements which assumes that the Company will continue inoperation for the foreseeable future.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue in respect of interest income, non-utilisation fees, arrangement fees and recharged expenses are recognised over the peiod to which they relate.
Interest income is recognised in profit or loss using the effective interest method.
All borrowing costs are recognised in profit or loss in the 15 month period in which they are incurred.
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QUILAM CAPITAL CREDIT FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
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 income.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
(i) Financial assets:
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
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QUILAM CAPITAL CREDIT FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Financial instruments (continued)
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(ii) Financial liabilities:
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting:
Financial assets and liabilities are offset and 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.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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QUILAM CAPITAL CREDIT FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025
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Judgments in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:
(i) Recovery of debtors:
The Company has advanced loans to clients, which are included within debtors and measured at amortised cost, net of impairment.
The assessment of recoverability involves judgement in determining whether there is objective evidence of impairment and estimation in assessing the amount of any impairment provision. In making this assessment, management considers the financial position and performance of the clients, the valuation and performance of the underlying investments, compliance with loan terms, the expected timing and amount of repayments, and prevailing market conditions.
Due to the inherent uncertainty in forecasting returns from clients, actual recoveries may differ from estimates, which could result in a material adjustment to the carrying value of loan receivables in future periods.
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The average monthly number of employees, including directors, during the 15 month period was 4.
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QUILAM CAPITAL CREDIT FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025
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Due after more than one year
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Prepayments and accrued income
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Amounts owed by group undertakings
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Prepayments and accrued income
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The amounts owed by group undertakings are unsecured, repayable on demand and are interest-free.
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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The amounts owed to group undertakings are unsecured, repayable on demand and are interest-free.
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QUILAM CAPITAL CREDIT FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025
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Creditors: Amounts falling due after more than one year
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Accruals and deferred income
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Included within other loans is a credit facility, that bears interest at 7%, and contains fixed and floating charges over all property or undertakings of the Company.
Also included in other loans is a loan, that bears interest at between 1.94% and 2.21% above the SONIA rate, and contains fixed and floating charges over all assets of the Company.
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Analysis of the maturity of loans is given below:
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Amounts falling due 2-5 years
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Allotted, called up and fully paid
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100 Ordinary shares of £0.01 each
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During the period, 100 Ordinary shares of £0.01 each were issued at par.
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Related party transactions
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Where possible the Company has taken advantage of the exemption conferred by FRS 102 section 33. 1A from the requirement to disclose transactions with other wholly owned group undertakings.
Included within other creditors is £12,000 owed to a company under common control.
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QUILAM CAPITAL CREDIT FINANCE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2025
The intermediate parent company is Quilam Capital Credit Limited.
The auditors' report on the financial statements for the 15 month period ended 31 December 2025 was unqualified.
The audit report was signed on 12 May 2026 by Nick Bishop FCA (Senior Statutory Auditor) on behalf of BKL Audit LLP.
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