REGISTERED NUMBER: 12102348 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

QUAY FINANCIAL ADMINISTRATION LTD

Page

Statement of financial position

1

Notes to the financial statements

2

to

6

FIXED ASSETS

Tangible assets

4

264,499

34,583

CURRENT ASSETS

Debtors

5

665,963

783,809

Cash at bank and in hand

107,982

78,362

773,945

862,171

CREDITORS

Amounts falling due within one year

6

(182,586

)

(577,234

)

NET CURRENT ASSETS

591,359

284,937

TOTAL ASSETS LESS CURRENT LIABILITIES

855,858

319,520

CREDITORS

Amounts falling due after more than one year

7

(757,980

)

(200,666

)

NET ASSETS

97,878

118,854

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10

97,778

118,754

97,878

118,854

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2026 and were signed on its behalf by:

A Zuk - Director

1.	STATUTORY INFORMATION

Quay Financial Administration Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12102348

Registered office:

Blue Tower Blue

Media City Uk

Salford

M50 2ST

The principal activity of the company is that of financial intermediation.

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 presentation currency of the financial statements is the Pound Sterling (£) which is also the functional currency.

Going concern

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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:

Motor Vehicles

- 15% straight line

Fixtures & Fittings

- 25% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 January 2025

4,653

48,500

53,153

Additions

-

278,963

278,963

Reclassification/transfer

2,673

-

2,673

At 31 December 2025

7,326

327,463

334,789

Depreciation

At 1 January 2025

1,679

16,891

18,570

Charge for year

2,600

49,120

51,720

At 31 December 2025

4,279

66,011

70,290

Net book value

At 31 December 2025

3,047

261,452

264,499

At 31 December 2024

2,974

31,609

34,583

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

(Unaudited)

£

£

Trade debtors

-

81,191

Amounts owed by group undertakings

660,351

-

Amounts owed by participating interests

-

571,917

Directors' loan accounts

-

130,701

Deferred tax asset

5,612

-

665,963

783,809

Amounts owed by group undertakings and participating interests are unsecured, interest free and are repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

(Unaudited)

£

£

Bank loans and overdrafts

20,070

59,778

Hire purchase contracts (see note 8)

30,488

5,335

Trade creditors

1,964

2,411

Amounts owed to group undertakings

-

163,664

Tax

51,841

61,922

Other creditors

25,140

28,001

Other loans

52,083

82,689

Directors' loan accounts

1,000

-

Accruals and deferred income

-

173,434

182,586

577,234

Amounts owed to group undertakings are unsecured, interest free and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

(Unaudited)

£

£

Hire purchase contracts (see note 8)

248,942

29,718

Other loans

509,038

170,948

757,980

200,666

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.25

31.12.24

(Unaudited

£

£

Net obligations repayable:

Within one year

30,488

5,335

Between one and five years

248,942

29,718

279,430

35,053

9.	SECURED DEBTS

Liabilities under hire purchase contracts and finance leases are secured on the related assets.

10.

RESERVES

Retained earnings - this reserve records retained earnings and accumulated losses

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

Helen Tidyman (Senior Statutory Auditor)

for and on behalf of Sumer Auditco Limited

12.	RELATED PARTY TRANSACTIONS

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.

During the year ended 31 December 2025, advances of £196,728 (2024: £246,446) were made by a director. Repayments of £328,429 (2024: £110,000) were made during the year by the director and the maximum overdrawn amount outstanding by the director was £128,283 (2024: £279,194) which was fully repaid in the year.At 31December 2025 £1,000 was owed by the company to the director.

During the year the company undertook transactions with connected companies controlled by Mr A Zuk. Amounts owed by related party at 1 January 2025 £80,721 amounts advanced to related party during the year £32,213, amounts impaired at 31 December 2025 £112,934.

All other transactions with connected companies are under normal market conditions.

13.	POST BALANCE SHEET EVENTS

There were no material events up to the date of approval of the financial statement by the board.

14.	ULTIMATE CONTROLLING PARTY

The company is a 100% owned subsidiary of Quay Financial Holdings Limited. The ultimate controlling party is Alexander Zuk.