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REGISTERED NUMBER: 07146023 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 June 2025

for

Q Retail Stores Ltd

Q Retail Stores Ltd (Registered number: 07146023)

Contents of the Financial Statements

for the Year Ended 29 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Q Retail Stores Ltd

Company Information

for the Year Ended 29 June 2025

| DIRECTORS: | Ms P Sharma

| Mr R K Sharma

| Mr S Sharma

| REGISTERED OFFICE: | Unit 16 Goldthorpe Industrial Estate

| Commercial Road

| Goldthorpe

| Rotherham

| South Yorkshire

| S63 9BL

| REGISTERED NUMBER: | 07146023 (England and Wales)

| ACCOUNTANTS: | BK Plus Ltd

| Abacus House

| Pennine Business Park

| Huddersfield

| West Yorkshire

| HD2 1GQ

Q Retail Stores Ltd (Registered number: 07146023)

Balance Sheet

29 June 2025

29.6.25 | 29.6.24 |

| Notes | £ | £ | £ | £

FIXED ASSETS

Intangible assets | 4 | 500,000 |  | 500,000 |  |

Tangible assets | 5 | 6,884,509 |  | 6,721,311 |  |

7,384,509 |  | 7,221,311 |  |

CURRENT ASSETS

Stocks | 6 | 563,759 |  | 579,105 |  |

Debtors | 7 | 668,779 |  | 601,626 |  |

Cash at bank and in hand | 1,093,663 |  | 415,891 |  |

2,326,201 |  | 1,596,622 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,673,030 |  | 1,661,190 |  |

NET CURRENT ASSETS/(LIABILITIES) | 653,171 |  | (64,568 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 8,037,680 |  | 7,156,743 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (1,977,892 | ) | (1,624,882 | ) |

PROVISIONS FOR LIABILITIES | (219,087 | ) | (178,287 | ) |

NET ASSETS | 5,840,701 |  | 5,353,574 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Revaluation reserve | 1,957,017 |  | 1,957,017 |  |

Retained earnings | 3,883,584 |  | 3,396,457 |  |

SHAREHOLDERS' FUNDS | 5,840,701 |  | 5,353,574 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

Q Retail Stores Ltd (Registered number: 07146023)

Balance Sheet - continued

29 June 2025

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 21 July 2026 and were signed on its behalf by:

Mr R K Sharma - Director

Q Retail Stores Ltd (Registered number: 07146023)

Notes to the Financial Statements

for the Year Ended 29 June 2025

1. | STATUTORY INFORMATION

| Q Retail Stores Ltd 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Intellectual Property are being amortised evenly over their estimated useful life of nil years.

| Intellectual property is not depreciated and revalued on an annual basis.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | In accordance with the property

| Plant and machinery | - | 20% on cost

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | 25% on reducing balance

| Computer equipment | - | 33% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

Q Retail Stores Ltd (Registered number: 07146023)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

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

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 41 (2024 - 26 ) .

4. | INTANGIBLE FIXED ASSETS

Intellectual |

Property |

| £

| COST OR VALUATION

| At 30 June 2024

| and 29 June 2025 | 500,000 |  |

| NET BOOK VALUE

| At 29 June 2025 | 500,000 |  |

| At 29 June 2024 | 500,000 |  |

| Cost or valuation at 29 June 2025 is represented by:

Intellectual |

Property |

| £

| Valuation in 2025 | 500,000 |  |

5. | TANGIBLE FIXED ASSETS

Freehold | Improvements | Plant and |

property | to property | machinery |

| £ | £ | £

| COST OR VALUATION

| At 30 June 2024 | 6,008,162 |  | 279,455 |  | 277,427 |  |

| Additions | - |  | - |  | 268,911 |  |

| Disposals | - |  | - |  | (95,146 | ) |

| At 29 June 2025 | 6,008,162 |  | 279,455 |  | 451,192 |  |

| DEPRECIATION

| At 30 June 2024 | - |  | 932 |  | 113,267 |  |

| Charge for year | 5,589 |  | - |  | 69,245 |  |

| Eliminated on disposal | - |  | - |  | (50,946 | ) |

| At 29 June 2025 | 5,589 |  | 932 |  | 131,566 |  |

| NET BOOK VALUE

| At 29 June 2025 | 6,002,573 |  | 278,523 |  | 319,626 |  |

| At 29 June 2024 | 6,008,162 |  | 278,523 |  | 164,160 |  |

Q Retail Stores Ltd (Registered number: 07146023)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

5. | TANGIBLE FIXED ASSETS - continued

Fixtures |

and | Motor | Computer |

fittings | vehicles | equipment | Totals |

| £ | £ | £ | £

| COST OR VALUATION

| At 30 June 2024 | 323,005 |  | 9,480 |  | 33,465 |  | 6,930,994 |  |

| Additions | 44,458 |  | - |  | 2,455 |  | 315,824 |  |

| Disposals | - |  | - |  | - |  | (95,146 | ) |

| At 29 June 2025 | 367,463 |  | 9,480 |  | 35,920 |  | 7,151,672 |  |

| DEPRECIATION

| At 30 June 2024 | 59,180 |  | 6,539 |  | 29,765 |  | 209,683 |  |

| Charge for year | 31,013 |  | 736 |  | 1,843 |  | 108,426 |  |

| Eliminated on disposal | - |  | - |  | - |  | (50,946 | ) |

| At 29 June 2025 | 90,193 |  | 7,275 |  | 31,608 |  | 267,163 |  |

| NET BOOK VALUE

| At 29 June 2025 | 277,270 |  | 2,205 |  | 4,312 |  | 6,884,509 |  |

| At 29 June 2024 | 263,825 |  | 2,941 |  | 3,700 |  | 6,721,311 |  |

| Cost or valuation at 29 June 2025 is represented by:

Freehold | Improvements | Plant and |

property | to property | machinery |

| £ | £ | £

| Valuation in 2025 | 6,008,162 |  | 279,455 |  | 451,192 |  |

Fixtures |

and | Motor | Computer |

fittings | vehicles | equipment | Totals |

| £ | £ | £ | £

| Valuation in 2025 | 367,463 |  | 9,480 |  | 35,920 |  | 7,151,672 |  |

6. | STOCKS

29.6.25 | 29.6.24 |

| £ | £

| Stocks | 563,759 |  | 579,105 |  |

7. | DEBTORS

29.6.25 | 29.6.24 |

| £ | £

| Amounts falling due within one year:

| Trade debtors | 47,956 |  | 21,851 |  |

| Amounts owed by associates | 560,528 |  | 561,486 |  |

| Other debtors | 354 |  | - |  |

| Prepayments | 7,729 |  | 18,289 |  |

616,567 |  | 601,626 |  |

Q Retail Stores Ltd (Registered number: 07146023)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

7. | DEBTORS - continued

29.6.25 | 29.6.24 |

| £ | £

| Amounts falling due after more than one year:

| Other debtors | 52,212 |  | - |  |

| Aggregate amounts | 668,779 |  | 601,626 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

29.6.25 | 29.6.24 |

| £ | £

| Bank loans and overdrafts (see note 10) | 252,060 |  | 590,553 |  |

| Trade creditors | 968,603 |  | 650,480 |  |

| Amounts owed to associates | - |  | 60,000 |  |

| Tax | 63,761 |  | 56,740 |  |

| Social security and other tax | 2,710 |  | 28,664 |  |

| VAT | 192,645 |  | 153,660 |  |

| Other creditors | 26,728 |  | - |  |

| Wages control | 1,512 |  | - |  |

| Pension fund | 2,380 |  | 3,971 |  |

| Directors' loan accounts | 78,414 |  | 113,745 |  |

| Accrued expenses | 84,217 |  | 3,377 |  |

1,673,030 |  | 1,661,190 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

29.6.25 | 29.6.24 |

| £ | £

| Bank loans (see note 10) | 1,977,892 |  | 1,624,882 |  |

10. | LOANS

| An analysis of the maturity of loans is given below:

29.6.25 | 29.6.24 |

| £ | £

| Amounts falling due within one year or on demand:

| Bank loans | 114,715 |  | 335,791 |  |

| HSBC trade facility | 137,345 |  | 245,497 |  |

| Renaissance asset finance | - |  | 9,265 |  |

252,060 |  | 590,553 |  |

| Amounts falling due between one and two years:

| Bank loans - 1-2 years | 122,433 |  | 361,859 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 1,855,459 |  | 1,263,023 |  |

Q Retail Stores Ltd (Registered number: 07146023)

Notes to the Financial Statements - continued

for the Year Ended 29 June 2025

11. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

29.6.25 | 29.6.24 |

| £ | £

| Within one year | - |  | 6,100 |  |

12. | SECURED DEBTS

| The following secured debts are included within creditors:

29.6.25 | 29.6.24 |

| £ | £

| Bank loans | 2,229,952 |  | 2,215,435 |  |

13. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| Included in creditors: amounts falling due within one year is a loan from the director of £78,414 (2024 - £113,745). The loan is interest free with no fixed date for repayment.

14. | RELATED PARTY DISCLOSURES

| At the period end Q Retail Stores Ltd was owed £560,528 (2024 - £561,487) from companies with common directors and Q Retail Stores Ltd owed these companies £nil (2024 - £60,000).

15. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Ms P Sharma.