FQEP Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13030579

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		137,841		184,591

			137,841		184,591
CURRENT ASSETS
Stocks	5	17,500		18,838
Debtors	6	57,490		36,993
Cash at bank and in hand		20,151		32,849

		95,141		88,680
Creditors: Amounts Falling Due Within One Year	7	(82,428 )		(37,074 )

NET CURRENT ASSETS (LIABILITIES)			12,713		51,606

TOTAL ASSETS LESS CURRENT LIABILITIES			150,554		236,197

Creditors: Amounts Falling Due After More Than One Year	8		(43,279 )		(133,812 )

NET ASSETS			107,275		102,385

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			107,274		102,384

SHAREHOLDERS' FUNDS			107,275		102,385

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FQEP Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 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 Francois Kitching

Director

30/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

FQEP Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13030579 . The registered office is Four Quarters Unit 8, East Bay Lane, London, E15 2GW.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. 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:

Leasehold	Over the lifetime of the lease
Plant & Machinery	Based on revaluation
Fixtures & Fittings	3 to 5 years on cost
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2024: 10)

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FQEP Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	309,104	2,706	12,974	914	325,698
Additions	-	699	-	-	699

As at 31 October 2025	309,104	3,405	12,974	914	326,397

Depreciation
As at 1 November 2024	132,473	-	7,785	849	141,107
Provided during the period	44,158	681	2,594	16	47,449

As at 31 October 2025	176,631	681	10,379	865	188,556

Net Book Value
As at 31 October 2025	132,473	2,724	2,595	49	137,841

As at 1 November 2024	176,631	2,706	5,189	65	184,591

5. Stocks

	2025	2024
	£	£
Stock	17,500	18,838

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	-	200
Amounts owed by group undertakings	2,723	3,213
Other debtors	30,257	9,070

	32,980	12,483
Due after more than one year
Other debtors	24,510	24,510

	57,490	36,993

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	31,538	14,691
Other creditors	29,517	13,013
Taxation and social security	21,373	9,370

	82,428	37,074

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FQEP Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	376	1,506
Amounts owed to participating interests	42,903	132,306

	43,279	133,812

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	376	1,506

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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