REGISTERED NUMBER: 06036954 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

QUEENSBERRY ESTATES LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A R Baker

J L Baker

E L Baker

O W Baker

SECRETARY:

J L Baker

REGISTERED OFFICE:

Newham

7 Upper Oldfield Park

Bath

BA2 3JX

REGISTERED NUMBER:

06036954 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Queensberry Estates Limited for the year ended 31 December 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Queensberry Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Queensberry Estates Limited and state those matters that we have agreed to state to the Board of Directors of Queensberry Estates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Queensberry Estates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Queensberry Estates Limited 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 profit of Queensberry Estates Limited. You consider that Queensberry Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Queensberry Estates Limited. 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 financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

20 May 2026

FIXED ASSETS

Tangible assets

4

1,889,180

1,965,410

CURRENT ASSETS

Debtors

5

7,473

3,990

Cash at bank

63,068

60,813

70,541

64,803

CREDITORS

Amounts falling due within one year

6

429,624

494,017

NET CURRENT LIABILITIES

(359,083

)

(429,214

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,530,097

1,536,196

CREDITORS

Amounts falling due after more than one year

7

-

(115,000

)

PROVISIONS FOR LIABILITIES

8

(89,441

)

(89,559

)

NET ASSETS

1,440,656

1,331,637

CAPITAL AND RESERVES

Called up share capital

9

2

136

Revaluation reserve

451,725

451,725

Retained earnings

988,929

879,776

SHAREHOLDERS' FUNDS

1,440,656

1,331,637

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

A R Baker - Director

1.	STATUTORY INFORMATION

Queensberry Estates 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.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

Turnover

Turnover represents net invoiced sales of service excluding value added tax. Revenue is recognised when services are rendered.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, was being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

Straight line over 50 years

Plant and machinery

-

20% on reducing balance

Computer equipment

-

33% on cost

Land and buildings are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are performed by professional qualified valuers with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset.

Any revaluation increase in the carrying amount of land and buildings is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which the increase is credited to profit and loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset's original cost is transferred from revaluation reserve to retained earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the 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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the assets original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an assets carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an 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.

Hire purchase and leasing agreements

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2025

1,956,052

60,407

170

2,016,629

Additions

-

649

-

649

Disposals

(75,000

)

-

-

(75,000

)

At 31 December 2025

1,881,052

61,056

170

1,942,278

DEPRECIATION

At 1 January 2025

-

51,049

170

51,219

Eliminated on disposal

-

1,879

-

1,879

At 31 December 2025

-

52,928

170

53,098

NET BOOK VALUE

At 31 December 2025

1,881,052

8,128

-

1,889,180

At 31 December 2024

1,956,052

9,358

-

1,965,410

The freehold property was revalued in 2022 by a professional qualified valuer.

Cost or valuation at 31 December 2025 is represented by:

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

Valuation in 2016

204,073

-

-

204,073

Valuation in 2022

350,000

-

-

350,000

Cost

1,326,979

61,056

170

1,388,205

1,881,052

61,056

170

1,942,278

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,666

179

Other debtors

4,807

3,811

7,473

3,990

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,540

994

Taxation and social security

41,689

24,305

Other creditors

386,395

468,718

429,624

494,017

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

-

115,000

Included within other creditors is £nil (2024 - £170,000) which is secured against the freehold property

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

1,941

2,059

Other timing differences

87,500

87,500

89,441

89,559

Deferred

tax

£

Balance at 1 January 2025

89,559

Accelerated capital allowances

(118

)

Balance at 31 December 2025

89,441

9.	CALLED UP SHARE CAPITAL

Alloted, issued and fully paid

Nominal

2025

2024

Number:

Class:

Value:

£

£

80

A Ordinary

£0.80

0.80

64

60

B Ordinary

£0.60

0.60

36

60

C Ordinary

£0.60

0.60

36

2

136

A Ordinary shares have full voting rights, with 2 votes per share.

The A Ordinary, B Ordinary, and C Ordinary shares have differing rights to dividend payments depending on resolutions made at directors meetings.

In the event of a winding up the assets of the company shall be divided to the holders of A Ordinary shares and secondly to B and C Ordinary shareholders in the proportions specified in the articles