Acorah Software Products - Accounts Production 19.2.450 false true 31 March 2025 1 April 2024 false 1 April 2025 31 March 2026 31 March 2026 09952693 Mr Josh Timbrell Mr Jacques Moulson Mr David Wells Mr Ben Wootton Q Capital Holdings Limited 2 Haygate Road, Wellington, Telford, Shropshire, TF1 1SG true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09952693 2025-03-31 09952693 2026-03-31 09952693 2025-04-01 2026-03-31 09952693 frs-core:CurrentFinancialInstruments 2026-03-31 09952693 frs-core:Non-currentFinancialInstruments 2026-03-31 09952693 frs-core:ComputerEquipment 2026-03-31 09952693 frs-core:ComputerEquipment 2025-04-01 2026-03-31 09952693 frs-core:ComputerEquipment 2025-03-31 09952693 frs-core:FurnitureFittings 2026-03-31 09952693 frs-core:FurnitureFittings 2025-04-01 2026-03-31 09952693 frs-core:FurnitureFittings 2025-03-31 09952693 frs-core:NetGoodwill 2026-03-31 09952693 frs-core:NetGoodwill 2025-04-01 2026-03-31 09952693 frs-core:NetGoodwill 2025-03-31 09952693 frs-core:ShareCapital 2026-03-31 09952693 frs-core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 09952693 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2025-03-31 09952693 frs-core:RetainedEarningsAccumulatedLosses 2026-03-31 09952693 frs-bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 09952693 frs-bus:FilletedAccounts 2025-04-01 2026-03-31 09952693 frs-bus:SmallEntities 2025-04-01 2026-03-31 09952693 frs-bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 09952693 frs-bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 09952693 1 2025-04-01 2026-03-31 09952693 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-04-01 2026-03-31 09952693 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 09952693 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 09952693 frs-core:CostValuation 2025-03-31 09952693 frs-core:DisposalsRepaymentsInvestments 2026-03-31 09952693 frs-core:CostValuation 2026-03-31 09952693 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 09952693 frs-core:ProvisionsForImpairmentInvestments 2026-03-31 09952693 frs-core:UnlistedNon-exchangeTraded 2026-03-31 09952693 frs-core:UnlistedNon-exchangeTraded 2025-03-31 09952693 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2025-03-31 09952693 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2026-03-31 09952693 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2026-03-31 09952693 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2025-03-31 09952693 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2026-03-31 09952693 frs-bus:Director1 2025-04-01 2026-03-31 09952693 frs-bus:Director2 2025-04-01 2026-03-31 09952693 frs-bus:Director3 2025-04-01 2026-03-31 09952693 frs-bus:Director4 2025-04-01 2026-03-31 09952693 frs-countries:EnglandWales 2025-04-01 2026-03-31 09952693 2024-03-31 09952693 2025-03-31 09952693 2024-04-01 2025-03-31 09952693 frs-core:CurrentFinancialInstruments 2025-03-31 09952693 frs-core:Non-currentFinancialInstruments 2025-03-31 09952693 frs-core:ShareCapital 2025-03-31 09952693 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 09952693 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31
Registered number: 09952693
Q Financial Services (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Q Financial Services (UK) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Q Financial Services (UK) Limited
Balance Sheet
As At 31 March 2026
Balance Sheet
Registered number: 09952693

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 192,000 |  | 216,000
Tangible Assets | 5 |  | 8,988 |  | 9,167
Investments | 6 |  | 167,900 |  | 168,000
|  |  | 368,888 |  | 393,167
CURRENT ASSETS
Debtors | 7 | 36,502 |  | 142,364 |
Cash at bank and in hand |  | 680 |  | 23,829 |
|  | 37,182 |  | 166,193 |
Creditors: Amounts Falling Due Within One Year | 8 | (156,038 ) |  | (352,286 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (118,856 ) |  | (186,093 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 250,032 |  | 207,074
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (18,026 ) |  | (23,722 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (44,222 ) |  | (15,843 )
NET ASSETS |  |  | 187,784 |  | 167,509
CAPITAL AND RESERVES
Called up share capital | 10 |  | 600 |  | 600
Fair value reserve | 11 |  | 125,925 |  | -
Profit and Loss Account |  |  | 61,259 |  | 166,909
SHAREHOLDERS' FUNDS |  |  | 187,784 |  | 167,509

Page 1
Page 2
Q Financial Services (UK) Limited
Balance Sheet (continued)
As At 31 March 2026
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Josh Timbrell Director | Mr Jacques Moulson Director | Mr David Wells Director
Mr Ben Wootton Director
8 July 2026

The notes on pages 3 to 6 form part of these financial statements.
Page 2
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Q Financial Services (UK) Limited
Notes to the Financial Statements
For The Year Ended 31 March 2026
Notes to the Financial Statements
1. General Information
Q Financial Services (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09952693 . The registered office is 2 Haygate Road, Wellington, Telford, TF1 1SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings | 25% reducing balance
Computer Equipment | 25% reducing balance

2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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Q Financial Services (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Investments
Investments in subsidiary are included at cost less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2025: 8)
11 8
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 April 2025 | 240,000
As at 31 March 2026 | 240,000
Amortisation
As at 1 April 2025 | 24,000
Provided during the period | 24,000
As at 31 March 2026 | 48,000
Net Book Value
As at 31 March 2026 | 192,000
As at 1 April 2025 | 216,000

5. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2025 | 23,858 | 14,013 | 37,871
Additions | - | 2,817 | 2,817
As at 31 March 2026 | 23,858 | 16,830 | 40,688
Depreciation
As at 1 April 2025 | 17,923 | 10,781 | 28,704
Provided during the period | 1,484 | 1,512 | 2,996
As at 31 March 2026 | 19,407 | 12,293 | 31,700
Net Book Value
As at 31 March 2026 | 4,451 | 4,537 | 8,988
As at 1 April 2025 | 5,935 | 3,232 | 9,167

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Q Financial Services (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
6. Investments

| Subsidiaries | Unlisted | Total
--- | --- | --- | ---
| £ | £ | £
Cost or Valuation
As at 1 April 2025 | 100 | 167,900 | 168,000
Disposals | (100 ) | - | (100 )
As at 31 March 2026 | - | 167,900 | 167,900
Provision
As at 1 April 2025 | - | - | -
As at 31 March 2026 | - | - | -
Net Book Value
As at 31 March 2026 | - | 167,900 | 167,900
As at 1 April 2025 | 100 | 167,900 | 168,000

Unlisted investments consist of units held in the Openworks platform. Investments are carried at fair value determined annually and derived from the market rates. No amortisation is provided for. Changes in fair value are recognised in the profit and loss account.
7. Debtors

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 6,295 |  | 42,025
Prepayments and accrued income | 4,526 |  | 3,445
Other debtors | 423 |  | 536
Directors' loan accounts | - |  | 200
Amounts owed by group undertakings | 25,258 |  | 96,158
| 36,502 |  | 142,364

8. Creditors: Amounts Falling Due Within One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 306
Bank loans and overdrafts | 9,765 |  | 5,696
Corporation tax | 9,268 |  | 32,584
Other taxes and social security | 5,464 |  | 886
Other creditors | 99,999 |  | 220,000
Accruals and deferred income | 24,140 |  | 23,078
Directors' loan accounts | - |  | 19,800
Amounts owed to group undertakings | 7,402 |  | 49,936
| 156,038 |  | 352,286

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Q Financial Services (UK) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2026
9. Creditors: Amounts Falling Due After More Than One Year

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Bank loans | 18,026 |  | 23,722

10. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 600 |  | 600

11. Reserves

| Fair value reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 April 2025 | - | 166,909
Profit for the year and total comprehensive income | - | 100,211
Dividends paid | - | (79,936)
Transfer to/from Fair value reserve | - | (125,925)
Transfer to/from Profit & Loss Account | 125,925 | -
As at 31 March 2026 | 125,925 | 61,259

12. Related Party Transactions
Dividends received from group undertakings in the year were £25,000 (2025: £64,000).
Dividends paid to parent company in the year were £79,936 (2025: £57,167).
Included within debtors due within one year is a balance of £25,258 due from group undertakings (2025 £96,158).
Included within creditors due within one year is a balance of £7,402 due to group undertakings (2025: £49,936).
13. Exceptional Items
Other exceptional income represents the write off of a loan due to group undertakings.
14. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Q Capital Holdings Limited , a company incorporated in England & Wales with a registered office of 2 Haygate Road, Wellington, Telford, Shropshire, TF1 1SG.
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