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Company No: 03496266 (England and Wales)

# QUESTMAP LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2025
Pages for filing with the registrar

QUESTMAP LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

QUESTMAP LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2025
QUESTMAP LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2025

DIRECTORS | N R Harding
| P G Harding
| P D Smith
| M Wren

SECRETARY | P D Smith

REGISTERED OFFICE | C/O Drivers Wharf Surplus
| Supplies Drivers Wharf
| Northam Road
| SO14 0PF
| United Kingdom

COMPANY NUMBER | 03496266 (England and Wales)

ACCOUNTANT | S&W Partners LLP
| 4th Floor Cumberland House
| 15-17 Cumberland Place
| Southampton
| Hampshire
| SO15 2BG

QUESTMAP LIMITED

## BALANCE SHEET

As at 31 December 2025
QUESTMAP LIMITED

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 14,488 |  | 24,479
Investment property | 4 | 73,186,417 |  | 66,849,322
|  | 73,200,905 |  | 66,873,801
Current assets |  |  |  |
Stocks |  | 1,580,795 |  | 1,580,795
Debtors | 5 | 1,416,218 |  | 1,219,272
Cash at bank and in hand |  | 1,098,049 |  | 1,225,501
|  | 4,095,062 |  | 4,025,568
Creditors: amounts falling due within one year | 6 | ( 3,046,665) |  | ( 15,149,576)
Net current assets/(liabilities) |  | 1,048,397 |  | (11,124,008)
Total assets less current liabilities |  | 74,249,302 |  | 55,749,793
Creditors: amounts falling due after more than one year | 7 | ( 40,191,752) |  | ( 24,602,761)
Provision for liabilities | 8 | ( 5,328,034) |  | ( 4,717,349)
Accruals and deferred income |  | ( 12,012) |  | ( 34,918)
Net assets |  | 28,717,504 |  | 26,394,765
Capital and reserves |  |  |  |
Called-up share capital |  | 300 |  | 300
Share premium account |  | 269,466 |  | 269,466
Revaluation reserve |  | 15,190,921 |  | 15,190,921
Profit and loss account |  | 13,256,817 |  | 10,934,078
Total shareholder's funds |  | 28,717,504 |  | 26,394,765

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Questmap Limited (registered number: 03496266) were approved and authorised for issue by the Board of Directors on 01 July 2026. They were signed on its behalf by:

P G Harding Director |

QUESTMAP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
QUESTMAP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Questmap Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Drivers Wharf Surplus, Supplies Drivers Wharf, Northam Road, SO14 0PF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Questmap Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
[include details of the specific recognition and measurement policies for each significant type of service provided]
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### Pensions

Defined contribution pension plan:
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 4 - 5 years straight line
Vehicles | 4 years straight line
Fixtures and fittings | 4 - 5 years straight line
Office equipment | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If the arrangement constitutes a financing transaction, it is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

##### Dividends

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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 23 |  | 23

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 January 2025 | 36,816 |  | 96,158 |  | 64,486 |  | 15,000 |  | 212,460
Additions | 0 |  | 8,323 |  | 0 |  | 0 |  | 8,323
Disposals | 0 |  | ( 4,750) |  | 0 |  | 0 |  | ( 4,750)
At 31 December 2025 | 36,816 |  | 99,731 |  | 64,486 |  | 15,000 |  | 216,033
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 January 2025 | 31,597 |  | 80,155 |  | 61,229 |  | 15,000 |  | 187,981
Charge for the financial year | 1,740 |  | 15,488 |  | 1,086 |  | 0 |  | 18,314
Disposals | 0 |  | ( 4,750) |  | 0 |  | 0 |  | ( 4,750)
At 31 December 2025 | 33,337 |  | 90,893 |  | 62,315 |  | 15,000 |  | 201,545
Net book value |  |  |  |  |  |  |  |  |
At 31 December 2025 | 3,479 |  | 8,838 |  | 2,171 |  | 0 |  | 14,488
At 31 December 2024 | 5,219 |  | 16,003 |  | 3,257 |  | 0 |  | 24,479

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2025 | 66,849,322
Additions | 3,931,228
Fair value movement | 2,410,817
Disposals | (4,950)
As at 31 December 2025 | 73,186,417

The 2025 valuations were made by the director, on an open market value for existing use basis

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 581,799 |  | 497,996
Other debtors | 834,419 |  | 721,276
| 1,416,218 |  | 1,219,272

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 635,784 |  | 12,783,475
Other loans | 223,387 |  | 301,709
Trade creditors | 451,001 |  | 452,012
Taxation and social security | 240,690 |  | 328,763
VAT | 155,104 |  | 117,141
Accruals and deferred income | 777,959 |  | 708,190
Other creditors | 562,740 |  | 458,286
| 3,046,665 |  | 15,149,576

There are no amounts included above in respect of which any security has been given by the small entity.

The terms for the bank loans, tranche A, are a fixed rate of 3.85% per annum plus margin of 2.35%, totaling 6.2%.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 33,570,000 |  | 17,815,000
Other creditors | 6,621,752 |  | 6,787,761
| 40,191,752 |  | 24,602,761

There are no amounts included above in respect of which any security has been given by the small entity.
The terms for the bank loans, tranche A, are a fixed rate of 3.85% per annum plus margin of 2.35%, totaling 6.2%.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 4,717,349) |  | ( 3,755,716)
Charged to the Statement of Income and Retained Earnings | ( 610,685) |  | ( 961,633)
At the end of financial year | ( 5,328,034) |  | ( 4,717,349)

#### 9. Related party transactions

The Company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned subsidiaries.
P Harding owns 100% of the share capital of Globaldealing Limited. At the year end, £162,004 (2024 – £162,004) was due from Questmap Limited to Globaldealing Limited.
During the year, the Company invoiced Ibex Homes Limited £16,604 (2024 – £39,763). At the year end, £360,549 (2024 – £357,060) was due to Questmap Limited. The Company is a related party because P Harding is a director and owns 50% of the share capital.
During the year, Questmap Limited invoiced Harding Holdings UK Limited £172,823 (2024 – £185,731) and made purchases of £4,372 (2024 – £2,975). At the year end £79,105 (2024 – £Nil) was due to Questmap Limited, and £917 (2024 – £78,334) was due to Harding Holdings UK Limited. The Company is a related party by virtue of common control.
Questmap Limited made sales of £140 (2024 – £2,417) to P, B and A Harding. At the year end P, B and A Harding owed Questmap £2,461 (2024 – £2,461).
P Harding owns 50% of the share capital of AFC Totton Leisure Limited. During the year, Questmap Limited made sales of £Nil (2024 – £34). At the year end, £Nil (2024 – £36,599) was owed to Questmap Limited.
At the year end, Questmap Limited had guarantees in place with Barclays to make good any repayments not made by P Harding on a loan facility taken out in earlier years. The loan is also secured by way of a floating charge over a number of Questmap Limited's properties.
Included in creditors falling due after one year are amounts due to P Harding, a director and shareholder of the Company. At 31 December 2025 the total amount outstanding was £6,621,752 (2024 – £6,787,761). During the year, interest of £Nil (2024 – £Nil) was charged to the Company in respect of this loan.

#### 10. Ultimate controlling party

The ultimate controlling party is P Harding, by virtue of his shareholding and directorship in the ultimate parent undertaking, Questmap Holdings Limited, a company registered in England and Wales.