REGISTERED NUMBER: 09964260 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Quarry Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

Mr M Cox

REGISTERED OFFICE:

19 Queen Elizabeth Street

London

SE1 2LP

REGISTERED NUMBER:

09964260 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

FIXED ASSETS

Investments

4

1

1

CURRENT ASSETS

Debtors

5

-

2,330,321

Cash at bank and in hand

2,845

53,685

2,845

2,384,006

CREDITORS

Amounts falling due within one year

6

(405,661

)

(406,200

)

NET CURRENT (LIABILITIES)/ASSETS

(402,816

)

1,977,806

TOTAL ASSETS LESS CURRENT LIABILITIES

(402,815

)

1,977,807

CREDITORS

Amounts falling due after more than one year

7

(2,174,020

)

(2,224,020

)

NET LIABILITIES

(2,576,835

)

(246,213

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(2,576,935

)

(246,313

)

SHAREHOLDERS' FUNDS

(2,576,835

)

(246,213

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 31 July 2026 and were signed by:

Mr M Cox - Director

1.	STATUTORY INFORMATION

Quarry Holdings Limited 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.

The company has reported a net loss for the year of £2,330.622. This is after a provision of £2,330,320 for debts owed by its subsidiary undertakings which the director now considers are not recoverable. At the Balance Sheet date the company's total liabilities exceeded its total assets by £2,576,835. Total liabilities at the Balance Sheet date included £2,174,020 owed to its main financiers, two corporate entities. These loans were used to fund the company's own lending to its subsidiary undertakings. Those subsidiary company loans were the company's main assets. Now that the director considers that those debts are irrecoverable the company has no substantive assets from which to repay debts which it owes to its financiers.

The company's requirements to fund its day to day operations are modest. Although the boards of the company's financiers have given no indication that withdrawal of support is imminent, the director acknowledges that there is no guarantee in that regard. In the event that immediate repayment is sought by the financiers at any time within twelve months from the date of approval of these financial statements, it is unlikely that the company will be able to pay. This is a material uncertainty that casts significant doubt about the company's ability to continue as a going concern for the foreseeable future.

In the director's opinion there is no difference between the amounts stated in the financial statements if prepared on a going concern basis, and those had the financial statements been prepared on a cessation basis.

Preparation of consolidated financial statements

The financial statements contain information about Quarry Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The company does not consider there to be any critical judgements in applying accounting policies.

The company does not consider there to be any material sources of estimation uncertainty.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors, loans from banks and other third parties.

Debt instruments which are payable or receivable within one year are measured at the undiscounted amount of cash consideration expected to be paid or received.

Debt instruments which are payable or receivable after more than one year are initially measured at the fair value of the cash consideration and thereafter at amortised cost using the effective interest method.

Taxation

Taxation for the period relates to current tax which is recognised in the Income Statement. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantially enacted by the balance sheet date.

Investments

Fixed asset investments are accounted for at cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Oxted Greystone Company Ltd

Registered office: England

Nature of business: Property Investor

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Amounts owed by group undertakings

-

2,330,321

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Other creditors

405,000

405,000

Accruals

661

1,200

405,661

406,200

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Other creditors

2,174,020

2,224,020

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

100

Ordinary

£1

100

100

Attached to the shares are a right to vote in general meetings, a right to receive dividends if declared by the company and a right to participate in distributions of capital, including on winding up.The shares do not confer any right of redemption.

9.

RESERVES

Retained

earnings

£

At 1 April 2024

(246,313

)

Deficit for the year

(2,330,622

)

At 31 March 2025

(2,576,935

)

10.	ULTIMATE PARENT

The company is a wholly owned subsidiary undertaking of PMC Property Group Limited, incorporated in England.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Quarry Holdings Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Quarry Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Quarry Holdings Limited and state those matters that we have agreed to state to the director of Quarry Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Quarry Holdings Limited and its director for our work or for this report.

It is your duty to ensure that Quarry Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Quarry Holdings Limited. You consider that Quarry Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Quarry Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

31 July 2026