Company registration number 07271044 (England and Wales)
QUAY LIVING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
Waverley House
115-119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY
QUAY LIVING LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
QUAY LIVING LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. D Challis
Mrs. H Challis
Miss. H Challis
(Appointed 1 July 2026)
Company number
07271044
Registered office
Orchard Plaza
41 High Street
Poole
Dorset
United Kingdom
BH15 1EG
Accountants
TC Group
Waverley House
115-119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY
QUAY LIVING LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 2 -
31 March 2026
30 June 2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
382,500
-
0
Current assets
Debtors
4
8,801
2
Cash at bank and in hand
55,791
-
0
64,592
2
Creditors: amounts falling due within one year
5
(30,700)
-
0
Net current assets
33,892
2
Net assets
416,392
2
Capital and reserves
Called up share capital
2
2
Other reserves
425,000
-
0
Profit and loss reserves
(8,610)
-
0
Total equity
416,392
2
QUAY LIVING LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 3 -

For the financial period ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 July 2026 and are signed on its behalf by:
Mrs. H Challis
Director
Company registration number 07271044 (England and Wales)
QUAY LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Company information

Quay Living Limited is a private company limited by shares incorporated in England and Wales. The registered office is Orchard Plaza, 41 High Street, Poole, Dorset, United Kingdom, BH15 1EG.

1.1
Reporting period

During the period the company changed its accounting reference date from 30 June to 31 March. As a result the current reporting period covers the nine month period ended 31 March 2026, whereas the comparative period covers the twelve month period ended 30 June 2025.

The company was dormant throughout the comparative period and commenced trading on 1st October 2025.

For these reasons, the comparative figures presented in these financial statements are not wholly comparable with those of the current period.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

QUAY LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of incorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2026
2025
Number
Number
Total
4
0
QUAY LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2026
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2025
-
0
Additions
425,000
At 31 March 2026
425,000
Amortisation and impairment
At 1 July 2025
-
0
Amortisation charged for the period
42,500
At 31 March 2026
42,500
Carrying amount
At 31 March 2026
382,500
At 30 June 2025
-
0
4
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
5,654
-
0
Other debtors
3,147
2
8,801
2
5
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
3,502
-
0
Amounts owed to group undertakings
6,709
-
0
Taxation and social security
13,455
-
0
Other creditors
7,034
-
0
30,700
-
0
QUAY LIVING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2026
- 7 -
6
Business Combination

On 30 September 2025, the Company acquired a portion of the trade and assets of Quay Holidays LLP as part of a transfer of a going concern. This transaction formed part of a wider restructuring in which the LLP’s business was divided and transferred into two separate limited companies, each receiving distinct elements of the LLP’s operations. The acquisition has been accounted for as a business combination in accordance with FRS 102 Section 19 – Business Combinations and Goodwill.

No tangible or financial assets were transferred to the company. The only asset acquired was goodwill, representing the value of the business activity transferred. No monetary consideration was paid for the goodwill, and accordingly the fair value of the goodwill acquired has been recognised as a capital contribution within equity.

The goodwill represents the excess of the fair value of the business acquired over the fair value of the identifiable net assets transferred.

A summary of the fair values recognised is as follows:

Fair value of goodwill recognised: £425,000

Consideration transferred in respect of goodwill: £nil

Capital contribution recognised: £425,000

Goodwill is being amortised on a straight‑line basis over its estimated useful economic life of 10 years, reflecting the period over which the Company expects to benefit from the acquired business.

7
Related party transactions

As referred to in note 6, goodwill was transferred at £nil consideration into this company from an LLP under common control, resulting in a capital contribution of £425,000 within equity.

The company has taken advantage of the exemption granted under Section 33 of FRS 102 from disclosing transactions with other wholly owned group companies.

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