wk-2025-12-31-ixbrl

QAH Finance Holdings Limited

Annual report and unaudited financial statements for the year ended 31 December 2025

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Contents


Officers and registered office ...........................................................................................................................................	1
Directors’ report ....................................................................................................................................................................	2
Statement of directors’ responsibilities .......................................................................................................................	4
Statement of financial position .......................................................................................................................................	5
Notes to the financial statements ..................................................................................................................................	6

QAH Finance Holdings Limited

Company number: 13134179

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Officers and registered office

Directors

CSC Directors (No.3) Limited

CSC Directors (No.4) Limited

Helena Whitaker

Company secretary and registered office

CSC Corporate Services (London) Limited

5 Churchill Place

10th Floor

London

Company number

13134179

(England and Wales)

QAH Finance Holdings Limited

Company number: 13134179

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Directors’ report for the year ended 31 December 2025

The directors present their annual report together with the unaudited financial statements of QAH Finance

Holdings Limited (the “Company”) for the year ended 31 December 2025.

The Company qualifies as a small company in accordance with sections 381-383 of the Companies Act 2006

(the “Act”). The directors’ report has therefore been prepared taking into consideration the entitlement to

small companies’ exemptions provided in sections 414B (as incorporated to the Act by the Strategic Report

and Directors’ Report Regulations 2013) and 415A of the Act.

Principal activities, business review and future developments

The Company was incorporated in the United Kingdom and registered in England and Wales on 14 January

2021 as a private limited company under the Companies Act 2006.

The Company’s main activity is to act as a holding company for QAH Finance Plc (the “Subsidiary”).

Group accounts have not been prepared on the grounds that the Company does not control the operations of

the Subsidiary, and therefore is not exposed to risks, has no rights to variable returns from its involvement

with the Subsidiary and does not have the ability to affect those returns through its power over the

Subsidiary.

The directors do not anticipate any changes to the present level of activity, or the nature of the Company’s

business in the near future.

Results

No statement of comprehensive income has been provided as the Company has neither made a profit or a

loss in the current year.

Other than to invest in the Subsidiary the Company has not traded since incorporation . The only activity is a

payment amount received in accordance with the holdings payment agreement (the “Agreement”). The

Company used these funds received to purchase the shares in the Subsidiary and settle any tax amounts

due.

Principal risks and uncertainties

In the opinion of the directors, the Company does not have any significant financial risks or uncertainties.

Going concern

The directors have a reasonable expectation that the Company has adequate resources to continue in

operational existence for the foreseeable future. The financial statements have therefore been prepared on a

going concern basis.

Issue of shares

The issued share capital consists of 1 fully paid ordinary share of £1.

Directors

The directors of the Company during the year ended 31 December 2025, and subsequently, were:

CSC Directors (No.3) Limited

CSC Directors (No.4) Limited

Helena Whitaker

The directors do not recommend the payment of a dividend.

QAH Finance Holdings Limited

Company number: 13134179

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Directors’ report for the year ended 31 December 2025 (continued)

Company Secretary

CSC Corporate Services (London) Limited served as the Company Secretary during the year, and

subsequently.

Third party indemnities

Qualifying third party indemnity provisions for the benefit of the directors were in force during the year under

review and remain in force as at the date of approval of the annual report and financial statements.

On behalf of the Board

Muhammad Umar Khan

Per pro CSC Directors (No.3) Limited

as Director

3 July 2026

QAH Finance Holdings Limited

Company number: 13134179

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Statement of directors’ responsibilities

The Directors acknowledge its responsibilities for preparing the directors’ report and the financial statements

in accordance with Companies Act 2006 and applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial period. Under that law

they have elected to prepare the financial statements in accordance with United Kingdom Accounting

Standards and applicable law (UK Generally Accepted Accounting Practice), including FRS 102 “The Financial

Reporting Standard applicable in the UK and Republic of Ireland”.

Under company law the directors must not approve the financial statements unless they are satisfied that

they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company

for that period. In preparing these financial statements, the directors are required to:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards, including FRS 102, have been followed, subject to

any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that

the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain

the Company's transactions and disclose with reasonable accuracy at any time the financial position of the

Company and enable them to ensure that the financial statements comply with the Companies Act 2006.

They have general responsibility for taking such steps as are reasonably open to them to safeguard the

assets of the Company and to prevent and detect fraud and other irregularities.

On behalf of the Board

Muhammad Umar Khan

Per pro CSC Directors (No.3) Limited

as Director

3 July 2026

QAH Finance Holdings Limited

Company number: 13134179

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Statement of financial position as at 31 December 2025


		31 December	31 December
		2025	2024
	Note	£	£
Non-current assets
Investments	3	12,501	12,501

Current assets
Cash at bank and in hand	4	55	55
		55	55

Net current assets		55	55

Total assets less current liabilities		12,556	12,556

Net assets		12,556	12,556

Capital and reserves
Called up share capital	5	1	1
Profit and loss account	6	12,555	12,555
Total shareholders' funds		12,556	12,556

The accompanying notes on pages 6 to 8 are an integral part of these financial statements.

For the year ended 31 December 2025, the Company was entitled to audit exemption under Section 480 of

the Companies Act 2006 (the “Act”).

Members have not required the Company to obtain an audit of its accounts for the current year in accordance

with Section 476 of the Act.

The directors acknowledge responsibility for:

• ensuring the Company keeps accounting records which comply with Section 386 of the Act, and

• preparing accounts which give a true and fair view of the state of affairs of the Company as at the

end of the financial period in accordance with the requirements of Section 393 of the Act, and which

otherwise comply with the requirements of the Act relating to accounts, so far as applicable to the

Company.

These financial statements have been prepared in accordance with the provisions applicable to companies’

subject to the small companies’ regime.

The financial statements on pages 5 to 8 were approved and authorised for issue on behalf off the Board by:

Muhammad Umar Khan

Per pro CSC Directors (No.3) Limited

as Director

3 July 2026

QAH Finance Holdings Limited

Company number: 13134179

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Notes to the financial statements for the year ended 31 December 2025

1. Accounting Policies

General information

QAH Finance Holdings Limited (the “Company”) is a private company limited by shares, incorporated and

domiciled in the United Kingdom and registered in England and Wales. The address of its registered office is

5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU.

Statement of compliance

The financial statements are prepared on the going concern basis under the historical cost convention in

accordance with the Companies Act 2006 and applicable accounting standards. The Company has adopted

and is in compliance with Financial Reporting Standard 102 (“FRS 102”). The accounting policies which have

been applied consistently throughout the year to the Company’s financial statements are set out below.

Fixed asset investments

Investments held as fixed assets are stated at cost less provision for impairment.

Impairment of financial assets classed as investments

If there is objective evidence that an impairment loss on a financial asset classed as an investment has been

incurred, then the Company measures the amount of loss as the difference between the carrying amount of

the asset and the recoverable amount of the asset.

Impairment losses are recognised in the statement of comprehensive income and the carrying amount of the

financial asset is reduced by establishing an allowance for impairment losses. If in a subsequent year the

amount of the impairment loss reduces and the reduction can be ascribed to an event after the impairment

was recognised, the previously recognised loss is reversed by adjusting the allowance.

Group accounts

Group accounts have not been prepared on the grounds that the Company has no control over its Subsidiary

QAH Finance Plc.

Cash flow statements

The directors have taken advantage of the exemption in FRS 102 from including a cash flow statement in the

financial statements on the grounds that the Company is small.

Going concern

The directors have a reasonable expectation that the Company has adequate resources to continue in

operational existence for the foreseeable future. The financial statements have therefore been prepared on a

going concern basis.

Segment reporting

The Company operates in one business sector and all the Company’s activities are in the UK.

Taxation

Current tax, including UK corporation tax and foreign tax, is provided at amounts expected to be paid (or

recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance

sheet date.

QAH Finance Holdings Limited

Company number: 13134179

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2. Directors and employees

The Company has no employees and services required are contracted from third parties. The directors

received no remuneration from the Company in respect of qualifying services rendered during the year.

3. Investments


			31 December 2025		31 December 2024
			£		£
Subsidiary undertaking - at cost
Opening balance			12,501		12,501
Additions/(Disposals)			–		–
Closing balance			12,501		12,501

Subsidiary undertaking	Country of incorporation and registered office	Holdings	Proportion of voting rights and shares held	Nature of business
QAH Finance Plc	United Kingdom	Ordinary Shares	100%	Issuer
QAH Finance Plc	5 Churchill Place, 10th Floor, London, United Kingdom, E14 5HU	Ordinary Shares	100%	Issuer

4. Cash at bank and on hand

Cash is held in a client account with CSC Management (UK) Limited (Formerly Intertrust Management

Limited) and is accessible to the Company on demand.

5. Called up share capital


	31 December 2025	31 December 2024
	£	£
Called up, allotted and issued
1 ordinary share of £1: fully paid	1	1
	1	1

6. Profit and loss account


	31 December 2025	31 December 2024
	£	£
Opening balance	12,555	12,555
Total comprehensive profit for the financial year	–	–
Closing balance	12,555	12,555

7. Parent undertaking and ultimate controlling party

The entire share capital of the Company is held by the legal parent company, CSC Corporate Services

(London) Limited, a company incorporated in the United Kingdom and registered in England and Wales,

which holds the share on a discretionary trust basis for the benefit of certain charities under a share trust

deed. As the trustees are not entitled to any economic benefit and the beneficiaries do not have any

decision-making power, there is no controlling party.

QAH Finance Holdings Limited

Company number: 13134179

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CSC Corporate Services (London) Limited is a wholly owned subsidiary of CSC Management (UK) Limited.

8. Related party transactions

During the year fees of £2,185 (2024: £1,064) were paid to CSC Management (UK) Limited in respect of

corporate services provided to the Company, including the provision of directors, and were borne by the

Subsidiary, QAH Finance Plc. At the year-end, corporate service fees of £nil were accrued (2023: £nil) and

corporate service fees of £593 (2023: £345 were prepaid at the year end.