ACCOUNTS - Final Accounts preparation



	Quibim Limited













	Financial statements

	For the year ended 31 December 2025

	Registered number: 14023736


Quibim Limited - Registered number: 14023736

Statement of financial position

As at 31 December 2025

	2025	2025	2024	2024
Note	£	£	£	£

Fixed assets
Tangible fixed assets			213		321
			213		321
Current assets
Debtors: amounts falling due within one year	5	482,056		102,735
Bank and cash balances		345,407		10,482
		827,463		113,217
Creditors: amounts falling due within one year	6	(715,847)		(34,784)
Net current assets			111,616		78,433
Total assets less current liabilities			111,829		78,754

Net assets			111,829		78,754

Capital and reserves
Share capital	59,554	59,554
Profit and loss account	52,275	19,200
	111,829	78,754

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the director and were signed by:

A A Bayarri

Director

Date: 3 March 2026

The notes on pages 2 to 6 form part of these financial statements.

Page 1


Quibim Limited

Notes to the financial statements

For the year ended 31 December 2025

1.	General information

The company is a private company limited by shares and is incorporated in England and Wales. The registered office and the principal place of business is The Bradfield Centre, 184 Cambridge Science Park, Milton, Cambridge, CB4 0GA. The registered number is 14023736.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The director has received confirmation from Quibim S.L., the immediate and ultimate parent company, that
it will provide financial support to the group company for a period of at least twelve months from the date of
approval of these financial statements. The director has no reason to believe that this support will not be
forthcoming. Accordingly, the financial statements have been prepared on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

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Quibim Limited

Notes to the financial statements

For the year ended 31 December 2025

2.Accounting policies (continued)

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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Quibim Limited

Notes to the financial statements

For the year ended 31 December 2025

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment

33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and
loans to related parties.

Employees

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

Page 4


Quibim Limited

Notes to the financial statements

For the year ended 31 December 2025

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 January 2025	954
	At 31 December 2025	954
	Depreciation
	At 1 January 2025	633
	Charge for the year	108
	At 31 December 2025	741
	Net book value
	At 31 December 2025	213
	At 31 December 2024	321

Debtors

					2025	2024
					£	£


Trade debtors	389,988	-
Amounts owed by group undertakings	63,801	75,573
Other debtors	-	1,655
Prepayments and accrued income	28,267	25,507
	482,056	102,735

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Quibim Limited

Notes to the financial statements

For the year ended 31 December 2025

6.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	187,381	3,876
Corporation tax	8,230	1,425
Other taxation and social security	33,302	1,064
Other creditors	1,767	724
Accruals and deferred income	485,167	27,695
	715,847	34,784

7.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the entity in an independently administrated fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,024 (2024: £2,279). At 31 December 2025, the amount due to the fund was £1,766 (2024: £724).

8.	Related party transactions
	The company has taken advantage of the exemption to disclose related party transactions with other group companies conferred by FRS 102 paragraph 33.1A "Related party disclosures" on the basis that it is a wholly owned subsidiary and group accounts are prepared, which include the company.

9.	Controlling party and inclusion in consolidated financial statements

The ultimate controlling party at the year end was Quibim S.L, a company incorporated in Spain. Quibim S.L forms the largest and smallest group of undertakings for which group financial statements have been drawn up which include the company. These financial statements may be obtained from Avenida Aragón 30, 13th floor, office I - J 46021, Valencia.

10.	Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 3 March 2026 by Claire Watkins (Senior statutory auditor) on behalf of Buzzacott Audit LLP.

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