REGISTERED NUMBER: 05192459 (England and Wales)

BERNARD QUARITCH LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J T L Koh

SECRETARY:

P Sia

REGISTERED OFFICE:

36 Bedford Row

London

WC1R 4JH

REGISTERED NUMBER:

05192459 (England and Wales)

ACCOUNTANTS:

Hakim Fry

Chartered Accountants

69-71 East Street

Epsom

Surrey

KT17 1BP

FIXED ASSETS

Tangible assets

5

9,594

-

CURRENT ASSETS

Stocks

934,985

955,916

Debtors

6

514,624

437,714

Cash at bank and in hand

124,622

102,692

1,574,231

1,496,322

CREDITORS

Amounts falling due within one year

7

730,652

812,943

NET CURRENT ASSETS

843,579

683,379

TOTAL ASSETS LESS CURRENT LIABILITIES

853,173

683,379

CREDITORS

Amounts falling due after more than one year

8

20,371

25,926

NET ASSETS

832,802

657,453

CAPITAL AND RESERVES

Called up share capital

1,650,000

1,650,000

Retained earnings

(817,198

)

(992,547

)

SHAREHOLDERS' FUNDS

832,802

657,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 August 2026 and were signed by:

J T L Koh - Director

1.	STATUTORY INFORMATION

Bernard Quaritch Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The director considers that the company remains a going concern by virtue of ongoing financial support provided by related parties.

Revenue recognition

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.

The company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to each of the company's sales channels have been met, as described below.

a) Sale of goods.

Sales of goods are recognised on sale to the customer, which is considered the point of despatch from the office or collected. Sales can be either on cash or credit terms.

b) Sale of service

The company provides sales and purchase in auctions for customers. Revenue is recognised in the accounting period in which the services are rendered when the outcome of the contract have been fulfilled. Sales are usually on credit terms.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

30% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments

Financial assets such as cash and debtors are measured at the present value of the amounts receivable, less an allowance for the expected level of doubtful receivables. Financial liabilities such as trade creditors, loans and finance leases are measured at the present value of the obligation. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 13 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 December 2024

82,272

107,502

189,774

Additions

7,845

4,977

12,822

At 30 November 2025

90,117

112,479

202,596

DEPRECIATION

At 1 December 2024

82,272

107,502

189,774

Charge for year

1,569

1,659

3,228

At 30 November 2025

83,841

109,161

193,002

NET BOOK VALUE

At 30 November 2025

6,276

3,318

9,594

At 30 November 2024

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

129,447

203,404

Amounts owed by group undertakings

321,527

175,285

Other debtors

61,399

59,025

VAT

2,251

-

514,624

437,714

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

5,556

5,556

Trade creditors

407,234

495,602

Tax

58,915

27,281

Social security and other taxes

13,578

11,464

Other creditors

206,711

164,959

Directors' current accounts

38,658

108,081

730,652

812,943

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans - 2-5 years

20,371

22,222

Bank loans more 5 yr by instal

-

3,704

20,371

25,926

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,704

9.	RELATED PARTY DISCLOSURES

At the year end the amount of £20,789 ( 2024: £20,789) was owed by Qforum Limited.. Mr J T L Koh is related to the owner of Qforum Limited.

The director's loans are secured by way of first legal charge on the parent company's property.

10.	CONTROLLING PARTY

The company's immediate parent undertaking is Brandmine Properties Limited, a company registered in England and Wales.

The ultimate controlling party is the director J T L Koh.