Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-312025-12-3173false2025-01-01false67falsefalse 00998005 2025-01-01 2025-12-31 00998005 2024-01-01 2024-12-31 00998005 2025-12-31 00998005 2024-12-31 00998005 2024-01-01 00998005 1 2025-01-01 2025-12-31 00998005 1 2024-01-01 2024-12-31 00998005 2 2025-01-01 2025-12-31 00998005 2 2024-01-01 2024-12-31 00998005 d:Director1 2025-01-01 2025-12-31 00998005 d:Director2 2025-01-01 2025-12-31 00998005 d:Director3 2025-01-01 2025-12-31 00998005 d:Director4 2025-01-01 2025-12-31 00998005 d:Director5 2025-01-01 2025-12-31 00998005 d:Director6 2025-01-01 2025-12-31 00998005 d:Director7 2025-01-01 2025-12-31 00998005 d:Director8 2025-01-01 2025-12-31 00998005 d:Director9 2025-01-01 2025-12-31 00998005 d:Director9 2025-12-31 00998005 d:RegisteredOffice 2025-01-01 2025-12-31 00998005 e:Buildings 2025-01-01 2025-12-31 00998005 e:Buildings 2025-12-31 00998005 e:Buildings 2024-12-31 00998005 e:Buildings e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 00998005 e:PlantMachinery 2025-01-01 2025-12-31 00998005 e:PlantMachinery 2025-12-31 00998005 e:PlantMachinery 2024-12-31 00998005 e:PlantMachinery e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 00998005 e:MotorVehicles 2025-01-01 2025-12-31 00998005 e:MotorVehicles 2025-12-31 00998005 e:MotorVehicles 2024-12-31 00998005 e:MotorVehicles e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 00998005 e:OfficeEquipment 2025-01-01 2025-12-31 00998005 e:OfficeEquipment 2025-12-31 00998005 e:OfficeEquipment 2024-12-31 00998005 e:OfficeEquipment e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 00998005 e:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 00998005 e:Goodwill 2025-12-31 00998005 e:Goodwill 2024-12-31 00998005 e:CurrentFinancialInstruments 2025-12-31 00998005 e:CurrentFinancialInstruments 2024-12-31 00998005 e:Non-currentFinancialInstruments 2025-12-31 00998005 e:Non-currentFinancialInstruments 2024-12-31 00998005 e:CurrentFinancialInstruments e:WithinOneYear 2025-12-31 00998005 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 00998005 e:Non-currentFinancialInstruments e:AfterOneYear 2025-12-31 00998005 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 00998005 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2025-12-31 00998005 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2024-12-31 00998005 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2025-12-31 00998005 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-12-31 00998005 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2025-12-31 00998005 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2024-12-31 00998005 e:UKTax 2025-01-01 2025-12-31 00998005 e:UKTax 2024-01-01 2024-12-31 00998005 e:ShareCapital 2025-01-01 2025-12-31 00998005 e:ShareCapital 2025-12-31 00998005 e:ShareCapital 2024-01-01 2024-12-31 00998005 e:ShareCapital 2024-12-31 00998005 e:ShareCapital 2024-01-01 00998005 e:SharePremium 2025-01-01 2025-12-31 00998005 e:SharePremium 2025-12-31 00998005 e:SharePremium 2024-01-01 2024-12-31 00998005 e:SharePremium 2024-12-31 00998005 e:SharePremium 2024-01-01 00998005 e:CapitalRedemptionReserve 2025-01-01 2025-12-31 00998005 e:CapitalRedemptionReserve 2025-12-31 00998005 e:CapitalRedemptionReserve 2024-01-01 2024-12-31 00998005 e:CapitalRedemptionReserve 2024-12-31 00998005 e:CapitalRedemptionReserve 2024-01-01 00998005 e:RetainedEarningsAccumulatedLosses 2025-01-01 2025-12-31 00998005 e:RetainedEarningsAccumulatedLosses 2025-12-31 00998005 e:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 00998005 e:RetainedEarningsAccumulatedLosses 2024-12-31 00998005 e:RetainedEarningsAccumulatedLosses 2024-01-01 00998005 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2025-12-31 00998005 e:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-12-31 00998005 e:AcceleratedTaxDepreciationDeferredTax 2025-12-31 00998005 e:AcceleratedTaxDepreciationDeferredTax 2024-12-31 00998005 e:OtherDeferredTax 2025-12-31 00998005 e:OtherDeferredTax 2024-12-31 00998005 d:OrdinaryShareClass1 2025-01-01 2025-12-31 00998005 d:OrdinaryShareClass1 2025-12-31 00998005 d:OrdinaryShareClass1 2024-12-31 00998005 d:FRS102 2025-01-01 2025-12-31 00998005 d:Audited 2025-01-01 2025-12-31 00998005 d:FullAccounts 2025-01-01 2025-12-31 00998005 d:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 00998005 e:WithinOneYear 2025-12-31 00998005 e:WithinOneYear 2024-12-31 00998005 e:BetweenOneFiveYears 2025-12-31 00998005 e:BetweenOneFiveYears 2024-12-31 00998005 2 2025-01-01 2025-12-31 00998005 f:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00998005










QUANTIL LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

 
QUANTIL LIMITED
 
 
COMPANY INFORMATION


Directors
S. J. Blackhurst 
M. R. Clementson 
B. J. Faulkner 
A. J. A. Hill 
F. W. Houghton 
J. B. Pape 
D. W. Symondson 
J. Tillery 
D. J. Hewett (appointed 25 June 2026)




Registered number
00998005



Registered office
Mere House Nurseries
69 Jacksmere Lane

Ormskirk

Lancashire

L40 9RT




Independent auditors
Langtons Professional Services Limited
Chartered Accountants & Statutory Auditors

The Plaza

100 Old Hall Street

Liverpool

L23 1XL





 
QUANTIL LIMITED
 

CONTENTS



Page
Strategic report
1
Directors' report
2 - 3
Independent auditors' report
4 - 7
Statement of comprehensive income
8
Statement of financial position
9
Statement of changes in equity
10
Notes to the financial statements
11 - 28


 
QUANTIL LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

Introduction
 
The directors present the strategic report for the year ended 31 December 2025.

Business review
 
Quantil Ltd operates within the retail and commercial horticulture sector, supplying plants, horticultural products, and related services to retail garden centre groups, individual businesses, and commercial clients.

During the year ended 2025, the company achieved modest growth in turnover, alongside an improvement in gross profit margins. This reflects continued demand across its core markets and effective management of cost of sales.

As part of its long-term strategy, the company implemented a structured plan to strengthen management capability and capacity in anticipation of future growth. This strategic investment has resulted in an increase in overhead costs during the year, which has consequently reduced operating profit. The directors consider this investment essential to support the company’s future development and to maintain high standards of service and quality.

The company will continue to focus on these strategic priorities into the following financial year, with particular emphasis on service delivery, product quality, regulatory compliance, and health and safety. The directors believe that these initiatives position Quantil Ltd to deliver best-in-class performance within its sector and support sustainable growth in the future.

Principal risks and uncertainties
 
The company operates in a highly competitive market which is a continuing risk to the company and could result in losing sales to competitors. The company manages this risk by focusing on the quality of its products and innovation, for example introducing new product lines and working towards sustainability around packaging and peat-free solutions. 

Since the United Kingdom’s exit from the European Union there have been several challenges for the business regarding government policy for non-UK seasonal workers and relevant visa schemes. These represent an ongoing cost to the company that appear to be increasing above normal inflation rates. The business is involved with all relevant agencies and trade organisations who lobby for fair policies for seasonal workers in the horticultural sector. The company also manages this risk with a robust policy on recruitment both inside and outside the United Kingdom.

Financial key performance indicators
 
The directors are of the opinion that analysis of key performance indicators is not necessary for the understanding of the development, performance or position of the business.


This report was approved by the board on 7 August 2026 and signed on its behalf.



D. W. Symondson
Director

Page 1

 
QUANTIL LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025

The directors present their report and the financial statements for the year ended 31 December 2025.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Principal activity

The principal activity of the company continued to be that of the production and sale of vegetable plants and growing services.

Results and dividends

The profit for the year, after taxation, amounted to £1,237,201 (2024 - £1,909,538).

Dividends of £Nil (2024 - £522,906) were paid during the year.  The directors do not recommend any further dividends for this year.

Page 2

 
QUANTIL LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025


Directors

The directors who served during the year were:

S. J. Blackhurst 
M. R. Clementson 
B. J. Faulkner 
A. J. A. Hill 
F. W. Houghton 
J. B. Pape 
D. W. Symondson 
J. Tillery 

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Auditors

The auditorsLangtons Professional Services Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 7 August 2026 and signed on its behalf.
 





D. W. Symondson
Director

Page 3

 
QUANTIL LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF QUANTIL LIMITED
 

Opinion

We have audited the financial statements of Quantil Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the Company's affairs as at 31 December 2025 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 4

 
QUANTIL LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF QUANTIL LIMITED (CONTINUED)


Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.

Page 5

 
QUANTIL LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF QUANTIL LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit, in respect to fraud, are:

•  to identify and assess the risks of material misstatement of the financial statements due to fraud;

•  to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due   to fraud, through designing and implementing appropriate responses; and

•  to respond appropriately to fraud or suspected fraud identified during the audit.

However, the primary responsibility for the prevention and detection of fraud rests with both those charged with governance of the entity and management.

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the Company and determined that the most significant are those that relate to the reporting framework (FRS 102 and the Companies Act 2006), the relevant tax compliance regulations in the UK and the EU General Data Protection Regulation (GDPR).

We understood how the Company is complying with those frameworks by making enquiries of management. Through consideration of the results of our audit procedures we were able to either corroborate or provide contrary evidence which was then followed up.

Based on our understanding we designed our audit procedures to identify non-compliance with laws and regulations. Our procedures involved:

• enquiries of management; and

• journal entry testing, with a focus on manual journals indicating large or unusual transactions based on our  understanding of the business.

We assessed the susceptibility of the Company’s financial statements to material misstatement, including how fraud might occur by meeting with management to understand where it considered there was susceptibility to fraud. We also considered performance targets and their propensity to influence efforts made by management to manage revenue and earnings. Where the risk was considered to be higher, including areas impacting key performance indicators or management remuneration, we performed audit procedures to address each identified fraud risk or other risk of material misstatement. These procedures included those on revenue recognition detailed above, the assessment of items identified by management as non-recurring and testing manual journals and were designed to provide reasonable assurance that the financial statements were free from material fraud or error.

 
Page 6

 
QUANTIL LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF QUANTIL LIMITED (CONTINUED)



A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Use of our report

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.




Simon Whalley (Senior statutory auditor)
  
for and on behalf of
Langtons Professional Services Limited
 
Chartered Accountants
Statutory Auditors
  
The Plaza
100 Old Hall Street
Liverpool
L23 1XL

7 August 2026
Page 7

 
QUANTIL LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025

2025
2024
Note
£
£

  

Turnover
 4 
10,786,981
10,449,790

Cost of sales
  
(5,141,512)
(5,041,099)

Gross profit
  
5,645,469
5,408,691

Distribution costs
  
(1,159,355)
(1,111,475)

Administrative expenses
  
(2,651,440)
(2,269,512)

Other operating income
 5 
77,410
83,407

Operating profit
 6 
1,912,084
2,111,111

Interest receivable and similar income
 10 
43,035
39,860

Interest payable and similar expenses
 11 
(278,855)
(56,458)

Profit before tax
  
1,676,264
2,094,513

Tax on profit
 12 
(439,063)
(184,975)

Profit for the financial year
  
1,237,201
1,909,538

There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2025 (2024:£NIL).

The notes on pages 11 to 28 form part of these financial statements.

Page 8

 
QUANTIL LIMITED
REGISTERED NUMBER: 00998005

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 15 
6,959,080
6,989,120

  
6,959,080
6,989,120

Current assets
  

Stocks
 16 
1,022,641
962,488

Debtors: amounts falling due within one year
 17 
7,205,396
1,707,658

Cash at bank and in hand
 18 
1,323,016
762,762

  
9,551,053
3,432,908

Creditors: amounts falling due within one year
 19 
(1,578,331)
(1,013,422)

Net current assets
  
 
 
7,972,722
 
 
2,419,486

Total assets less current liabilities
  
14,931,802
9,408,606

Creditors: amounts falling due after more than one year
 20 
(4,280,969)
-

Provisions for liabilities
  

Deferred tax
 23 
(746,549)
(741,523)

  
 
 
(746,549)
 
 
(741,523)

Net assets
  
9,904,284
8,667,083


Capital and reserves
  

Called up share capital 
 24 
150,000
150,000

Share premium account
 25 
497,906
497,906

Capital redemption reserve
 25 
100,000
100,000

Profit and loss account
 25 
9,156,378
7,919,177

  
9,904,284
8,667,083


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 August 2026.




D. W. Symondson
Director

The notes on pages 11 to 28 form part of these financial statements.

Page 9

 
QUANTIL LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£


At 1 January 2024
125,000
-
100,000
6,532,545
6,757,545


Comprehensive income for the year

Profit for the year
-
-
-
1,909,538
1,909,538
Total comprehensive income for the year
-
-
-
1,909,538
1,909,538

Dividends: Equity capital
-
-
-
(522,906)
(522,906)

Shares issued during the year
25,000
497,906
-
-
522,906



At 1 January 2025
150,000
497,906
100,000
7,919,177
8,667,083


Comprehensive income for the year

Profit for the year
-
-
-
1,237,201
1,237,201
Total comprehensive income for the year
-
-
-
1,237,201
1,237,201


Total transactions with owners
-
-
-
-
-


At 31 December 2025
150,000
497,906
100,000
9,156,378
9,904,284


The notes on pages 11 to 28 form part of these financial statements.

Page 10

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

1.


General information

Quantil Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mere House Nurseries, 69 Jacksmere Lane, Scarisbrick, Ormskirk, L40 9RT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Going concern

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

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 11

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.

 
2.6

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 12

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 13

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.13

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.14

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2% - 5% straight line
Plant and machinery
-
5% - 33% straight line
Motor vehicles
-
20% straight line
Office equipment
-
10% - 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.15

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.16

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 14

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.17

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.18

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.19

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.20

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the
Page 15

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)


2.20
Financial instruments (continued)

asset’s original effective interest rate. The impairment loss is recognised in profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 16

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

 
2.21

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.


4.


Turnover

The whole of the turnover is attributable to the principal activity of the company.

All turnover arose within the United Kingdom.


5.


Other operating income

2025
2024
£
£

Rent receivable
77,410
79,323

Government grants receivable
-
4,084

77,410
83,407



6.


Operating profit

The operating profit is stated after charging:

2025
2024
£
£

Exchange differences
57
74

Other operating lease rentals
45,613
43,442

Page 17

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

7.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2025
2024
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
12,360
12,000


8.


Employees

Staff costs, including directors' remuneration, were as follows:


2025
2024
£
£

Wages and salaries
2,237,084
2,069,849

Social security costs
269,286
236,411

Cost of defined contribution scheme
173,580
77,817

2,679,950
2,384,077


The average monthly number of employees, including the directors, during the year was as follows:


        2025
        2024
            No.
            No.







Management and administration
28
25



Nursery and greenhouse
45
42

73
67

Page 18

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

9.


Directors' remuneration

2025
2024
£
£

Directors' emoluments
374,340
366,705

Company contributions to defined contribution pension schemes
138,246
50,988

512,586
417,693


During the year retirement benefits were accruing to 6 directors (2024 - 6) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £59,679 (2024 - £61,850).

The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £81,520 (2024 - £43,437).


10.


Interest receivable

2025
2024
£
£


Other interest receivable
43,035
39,860

43,035
39,860


11.


Interest payable and similar expenses

2025
2024
£
£


Bank interest payable
278,855
56,458

Interest payable by branches
278,855
56,458

Page 19

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

12.


Taxation


2025
2024
£
£

Corporation tax


Current tax on profits for the year
285,705
188,362

Adjustments in respect of previous periods
-
1,305


285,705
189,667


Group taxation relief
148,332
-


434,037
189,667


Total current tax
434,037
189,667

Deferred tax


Origination and reversal of timing differences
5,026
(43,343)

Adjustments in respect of previous periods
-
38,651

Total deferred tax
5,026
(4,692)


Tax on profit
439,063
184,975
Page 20

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
 
12.Taxation (continued)


Factors affecting tax charge for the year

The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:

2025
2024
£
£


Profit on ordinary activities before tax
1,676,264
2,094,513


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
419,066
523,628

Effects of:


Expenses not deductible for tax purposes, other than goodwill amortisation and impairment
264
2,209

Capital allowances for year in excess of depreciation
19,733
19,706

Adjustments to tax charge in respect of prior periods
-
39,956

Tax deduction arising from exercise of employee options
-
(400,524)

Total tax charge for the year
439,063
184,975


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


13.


Dividends

2025
2024
£
£

Ordinary


Dividends paid
-
522,906

-
522,906

Page 21

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

14.


Intangible assets




Goodwill

£





At 1 January 2025
209,642



At 31 December 2025

209,642





At 1 January 2025
209,642



At 31 December 2025

209,642



Net book value



At 31 December 2025
-



At 31 December 2024
-


Page 22

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

15.


Tangible fixed assets


Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2025
2,454,839
8,942,231
112,093
183,099
11,692,262


Additions
77,553
286,239
1,800
103,937
469,529


Disposals
-
-
(72,085)
-
(72,085)



At 31 December 2025

2,532,392
9,228,470
41,808
287,036
12,089,706



Depreciation


At 1 January 2025
97,873
4,359,263
78,086
167,920
4,703,142


Charge for the year on owned assets
11,475
471,327
8,332
8,435
499,569


Disposals
-
-
(72,085)
-
(72,085)



At 31 December 2025

109,348
4,830,590
14,333
176,355
5,130,626



Net book value



At 31 December 2025
2,423,044
4,397,880
27,475
110,681
6,959,080



At 31 December 2024
2,356,966
4,582,968
34,007
15,179
6,989,120

Included within freehold property is land valued at £2,056,206 which is not depreciated.


16.


Stocks

2025
2024
£
£

Finished goods and goods for resale
1,022,641
962,488

1,022,641
962,488


Page 23

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

17.


Debtors

2025
2024
£
£


Trade debtors
82,766
63,211

Amounts owed by group undertakings
7,010,883
1,557,062

Other debtors
68,617
57,739

Prepayments and accrued income
43,130
29,646

7,205,396
1,707,658



18.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
1,323,016
762,762

1,323,016
762,762



19.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
406,193
-

Trade creditors
631,913
429,017

Corporation tax
58,193
188,362

Other taxation and social security
74,558
71,153

Other creditors
47,775
24,366

Accruals and deferred income
359,699
300,524

1,578,331
1,013,422


Bank loans are secured by a debenture and a first legal charge over a number of areas of freehold land.

Page 24

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

20.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
4,280,969
-

4,280,969
-


Bank loans are secured by a debenture and a first legal charge over a number of areas of freehold land.

The aggregate amount of liabilities repayable wholly or in part more than five years after the reporting date is:

2025
2024
£
£


Repayable by instalments
2,402,126
-

2,402,126
-

Bank loans are repayable by monthly instalments over 10 years with interest being charged at 1.96% p.a. over base rate.


21.


Loans


Analysis of the maturity of loans is given below:


2025
2024
£
£

Amounts falling due within one year

Bank loans
406,193
-

Amounts falling due 1-2 years

Bank loans
430,527
-

Amounts falling due 2-5 years

Bank loans
1,448,315
-


1,448,315
-

Amounts falling due after more than 5 years

Bank loans
2,402,126
-

2,402,126
-

4,687,161
-


Page 25

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

22.


Financial instruments

2025
2024
£
£

Financial assets


Financial assets measured at fair value through profit or loss
1,323,016
762,762




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


23.


Deferred taxation




2025


£






At beginning of year
(741,523)


Charged to profit or loss
(5,026)



At end of year
(746,549)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(755,560)
(743,241)

Short term timing differences
9,011
1,718

(746,549)
(741,523)


24.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



150,000 (2024 - 150,000) Ordinary shares of £1.00 each
150,000
150,000


Page 26

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

25.


Reserves

Share premium account

Share premium arose as a result of share capital being purchased for consideration above par value.

Capital redemption reserve

The capital redemption reserve arose on a company purchase of own shares.

Profit and loss account

The profit & loss account is a sum of all retained earnings less dividends paid.


26.


Share-based payments




The number and weighted average exercised price of share options during the year are as follows:

Weighted average exercise price (pence)
2025
Number
2025
Weighted average exercise price
(pence)
2024
Number
2024

Outstanding at the beginning of the year


-

20.50
 
21,875
 
Exercised during the year


-

20.50
 
(21,875)
 
Outstanding at the end of the year

-

 
-
 




27.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund. Contributions totalling £36,043 (2024 - £13,557) were payable to the fund at the reporting date and are included in creditors.

Page 27

 
QUANTIL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025

28.


Commitments under operating leases

At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
17,004
36,760

Later than 1 year and not later than 5 years
8,502
25,506

25,506
62,266

The company also leases property to third parties and as at 31 December 2025 all such lease agreements expired within one year and the minimum lease payments due were £4,130 (2024 - £64,912).


29.Other financial commitments

During the year the company did not enter into any forward foreign currency contracts. As at 31 December 2025 the commitment outstanding is £NIL (2024 - £404,757).


30.


Related party transactions

The company has taken advantage of the exemption under paragraph 33.1A of FRS 102 and has not disclosed transactions with its immediate parent company.

During the year the company made recharges of £352,974 (2024 - £483,154) to a company with common directors and £4,638 (2024 - £6,915) was due from this company at the year end.

During the year the company incurred management charges of £90,000 (2024 - £33,269) from its ultimate parent company and £25,500 (2024 - £18,269) was due to the ultimate parent company at the year end.


31.


Controlling party

The immediate parent undertaking of the company is Quantil Holdings Limited, a company registered in England and Wales.

The ultimate parent undertaking is Alexander Square Partners Limited, a company registed in England and Wales.

 
Page 28