| Quakehart Limited |
| Registered number: |
01840481 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
677,773 |
|
|
616,016 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
1,511 |
| Investments held as current assets |
5 |
|
- |
|
|
184 |
| Cash at bank and in hand |
|
|
406 |
|
|
23,031 |
|
|
|
406 |
|
|
24,726 |
|
| Creditors: amounts falling due within one year |
6 |
|
(114,274) |
|
|
(87,525) |
|
| Net current assets |
|
|
|
(113,868) |
|
|
(62,799) |
|
| Net assets |
|
|
|
563,905 |
|
|
553,217 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
520 |
|
|
520 |
| Fair value reserve |
7 |
|
|
179,875 |
|
|
179,875 |
| Profit and loss account |
|
|
|
383,510 |
|
|
372,822 |
|
| Shareholder's funds |
|
|
|
563,905 |
|
|
553,217 |
|
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| …............................................................................................... |
| Mr P.R. Willsher |
| Director |
| Approved by the board on 19 August 2026 |
|
| Quakehart Limited |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
These accounts have been prepared under the historical cost convention, as modified by the revaluation of the Freehold and Long leasehold investment properties, and in accordance with FRS 102 section 1A small entities, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the rents receivable. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than Freehold and Long leasehold investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Plant and machinery |
20% reducing balance |
|
|
Freehold and Long Leasehold investment properties |
|
Freehold and Long Leasehold investment property is included at fair value. Gains are recognised through the Profit and loss account on the statement of changes in equity and deferred tax is also provided on these gains at the rate expected to apply when the property is sold. As these net gains are not available for distribution, a transfer is then made from the Profit and loss account so that they are held separately on a fair value reserve. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Fair value |
|
At 1 April 2025 |
614,618 |
|
1,748 |
|
616,366 |
|
Additions |
62,036 |
|
- |
|
62,036 |
|
At 31 March 2026 |
676,654 |
|
1,748 |
|
678,402 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2025 |
- |
|
350 |
|
350 |
|
Charge for the year |
- |
|
279 |
|
279 |
|
At 31 March 2026 |
- |
|
629 |
|
629 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2026 |
676,654 |
|
1,119 |
|
677,773 |
|
At 31 March 2025 |
614,618 |
|
1,398 |
|
616,016 |
|
|
|
|
|
|
|
|
|
|
|
Freehold and Long leasehold investment properties |
2026 |
|
2025 |
| £ |
£ |
|
Historical cost |
496,779 |
|
434,743 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
496,779 |
|
434,743 |
|
|
|
|
|
|
|
|
|
|
The freehold and Long leasehold investment properties were valued by the director during the year at fair value. |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
Other debtors |
- |
|
1,511 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Investments held as current assets |
2026 |
|
2025 |
| £ |
£ |
|
Cost |
|
Listed investments |
- |
|
184 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
Taxation and social security costs |
2,572 |
|
2,922 |
|
Other creditors |
111,702 |
|
84,603 |
|
|
|
|
|
|
114,274 |
|
87,525 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Fair value reserve |
2026 |
|
2025 |
| £ |
£ |
|
|
At 1 April 2025 |
179,875 |
|
179,875 |
|
|
At 31 March 2026 |
179,875 |
|
179,875 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Mr P.R. Willsher |
|
Mr P.R. Willsher is the company director and controlling party |
|
The company owed monies to the related party on directors loan account |
|
Amount owed to the related party |
(108,962) |
|
(75,245) |
|
|
|
|
|
|
|
|
|
|
| 9 |
Controlling party |
|
|
The company was under the control of Mr P.R. Willsher throughout the current and previous year. |
|
|
| 10 |
Other information |
|
|
Quakehart Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
9 Steeple Point |
|
Ascot |
|
Berks |
|
SL5 7TZ |