Company registration number 10776343 (England and Wales)
RQ CAPITAL LOANS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
RQ CAPITAL LOANS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
RQ CAPITAL LOANS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Current assets
Debtors
4
29,753,799
28,178,016
Creditors: amounts falling due within one year
5
(13,086,789)
(11,699,566)
Net current assets
16,667,010
16,478,450
Creditors: amounts falling due after more than one year
6
(16,918,365)
(16,466,949)
Net (liabilities)/assets
(251,355)
11,501
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
(251,356)
11,500
Total equity
(251,355)
11,501

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 30 July 2026 and are signed on its behalf by:
R E Q Gurney
Director
Company registration number 10776343 (England and Wales)
RQ CAPITAL LOANS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 2 -
1
Accounting policies
Company information

RQ Capital Loans Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bawdeswell Hall, Bawdeswell, Dereham, United Kingdom, NR20 4SA.

1.1
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 £.

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

1.2
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. Cash balances are generally held in the accounts of the Parent company for operational reasons, at the year end the Parent Company had cash balances of £2,451,691. Specific transactions with the Senior lender mean that cash is periodically held by the subsidiary Company, but only for very short periods. Total net assets of the Group were £3,196,689 at year end, thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover comprises the interest receivable and net arrangement fees recognised on loans. Turnover is recognised as follows:

Interest income is recognised when it is earned and is accrued for in the period to which it relates.

Net arrangement fees are recognised at the point where they are applied to the loan, be that entry, exit or extension/amendment. The calculation includes all fees charged to customers less direct and incremental transaction costs.

1.4
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.

Financial instruments are recognised in the company's balance sheet 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting end date.

RQ CAPITAL LOANS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 3 -
Classification of 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 deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

1.5
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.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Retirement benefits

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

RQ CAPITAL LOANS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 4 -
2
Judgements 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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Bad debt provision

Included in the financial statements is a impairment assessment of trade debtors, which is based specific loan book values, where the recoverability is deemed to be doubtful at the year end.

3
Employees

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

2026
2025
Number
Number
Total
4
4
4
Debtors
2026
2025
£
£
Gross trade debtors
30,427,817
28,798,829
Bad debt provision
(713,000)
(621,741)
29,714,817
28,177,088
Other debtors
38,054
-
0
Deferred tax asset (Note 7)
928
928
29,753,799
28,178,016
RQ CAPITAL LOANS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 5 -
5
Creditors: amounts falling due within one year
2026
2025
£
£
Amounts due to parent undertaking
13,034,777
10,749,389
Corporation tax
262
113,816
Dividends payable
-
0
750,000
Accruals and deferred income
51,750
86,361
13,086,789
11,699,566

Amounts due to parent undertaking are secured by a fixed and floating charge over the assets of the company. A market rate of interest is charged on the amounts due to parent undertaking.

6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
16,918,365
16,466,949

During the prior year a new bank loan facility agreement was signed, extending the terms and the repayment date of the existing bank loan agreement. The new bank loan is repayable on 20 June 2030, it is subject to a market rate of interest and is secured by a fixed and floating charge over the assets of the company and a fixed charge over the assets of the company's parent undertaking. The bank loan is also secured against the borrower's fixed charges over eligible investments.

7
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company:

Assets
Assets
2026
2025
Balances:
£
£
Short term timing differences
928
928
There were no deferred tax movements in the year.
8
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
RQ CAPITAL LOANS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
9
Audit report information

As the profit and loss account has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 January 2026 and of its loss 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.

Senior Statutory Auditor:
Russell Nathan
Statutory Auditor:
HW Fisher Audit
Date of audit report:
30 July 2026
10
Related party transactions
Transactions with related parties

During the year a company under common control provided marketing and events services totalling £18,000 (2025: £16,644).

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