Quickfire Holdings Limited 05298464 false 2024-12-01 2025-11-30 2025-11-30 The principal activity of the company is is letting of commercial property. Digita Accounts Production Advanced 6.30.9574.0 true 05298464 2024-12-01 2025-11-30 05298464 2025-11-30 05298464 core:RetainedEarningsAccumulatedLosses 2025-11-30 05298464 core:RevaluationReserve 2025-11-30 05298464 core:ShareCapital 2025-11-30 05298464 core:CurrentFinancialInstruments 2025-11-30 05298464 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 05298464 core:ConstructionInProgressAssetsUnderConstruction 2025-11-30 05298464 bus:SmallEntities 2024-12-01 2025-11-30 05298464 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 05298464 bus:FilletedAccounts 2024-12-01 2025-11-30 05298464 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 05298464 bus:CompanySecretaryDirector1 2024-12-01 2025-11-30 05298464 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 05298464 core:ConstructionInProgressAssetsUnderConstruction 2024-12-01 2025-11-30 05298464 countries:AllCountries 2024-12-01 2025-11-30 05298464 core:ConstructionInProgressAssetsUnderConstruction 2024-11-30 05298464 2023-12-01 2024-11-30 05298464 2024-11-30 05298464 core:RetainedEarningsAccumulatedLosses 2024-11-30 05298464 core:RevaluationReserve 2024-11-30 05298464 core:ShareCapital 2024-11-30 05298464 core:CurrentFinancialInstruments 2024-11-30 05298464 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 iso4217:GBP xbrli:pure

Registration number: 05298464

Quickfire Holdings Limited
Unaudited Financial Statements
for the Year Ended 30 November 2025

Quickfire Holdings Limited

(Registration number: 05298464)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 3 | 187,850 | 152,490
Current assets |  |  |
Debtors | 4 | 321 | 876
Cash at bank and in hand |  | 5,559 | 1,080
|  | 5,880 | 1,956
Creditors: Amounts falling due within one year | 5 | (85,550) | (84,247)
Net current liabilities |  | (79,670) | (82,291)
Total assets less current liabilities |  | 108,180 | 70,199
Provisions for liabilities |  | (12,088) | (3,248)
Net assets |  | 96,092 | 66,951
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Revaluation reserve |  | 66,248 | 39,728
Retained earnings |  | 29,842 | 27,221
Shareholders' funds |  | 96,092 | 66,951

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 12 August 2026 and signed on its behalf by:

.........................................

S K Martin

Company secretary and director

Quickfire Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | Accounting policies

Statutory information

Quickfire Holdings Limited is a private company, limited by shares, domiciled in England and Wales, company number 05298464. The registered office is at 19 Norton Church Glebe, Sheffield, S8 8JX.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover represents the income arising from property lettings. Revenue is recognised on a straight line basis over the lease term.

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually, using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss.

Quickfire Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

1 | Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2024 - 0).

3 | Tangible assets

| Investment property £
Valuation
At 1 December 2024 | 152,490
Revaluations | 35,360
At 30 November 2025 | 187,850

The investment property was revalued by the directors on an open market basis as at 30 November 2025. The historical cost of the property is £109,514.

4 | Debtors

| 2025 £ | 2024 £
Other debtors | 321 | 876

Quickfire Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

5 | Creditors

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 1,380 | -
Taxation and social security | 709 | 836
Accruals and deferred income | 1,050 | 1,000
Other creditors | 82,411 | 82,411
| 85,550 | 84,247

6 | Related party transactions

During the year the company had an interest free loan account with Quickfire Tableware Limited, a company under common control. The amount due at the balance sheet date was £82,411 (2024: £82,411).