REGISTERED NUMBER: 13275298 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

QUINLAN TYLEY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M J Quinlan

D J Quinlan

REGISTERED OFFICE:

9 Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

REGISTERED NUMBER:

13275298 (England and Wales)

ACCOUNTANTS:

Maxwell & Co

9 Abbey Business Park

Monks Walk

Farnham

Surrey

GU9 8HT

FIXED ASSETS

Investment property

4

2,737,059

2,080,000

CURRENT ASSETS

Debtors

5

50,571

56,172

Cash at bank

8,854

11,475

59,425

67,647

CREDITORS

Amounts falling due within one year

6

1,943,930

1,437,817

NET CURRENT LIABILITIES

(1,884,505

)

(1,370,170

)

TOTAL ASSETS LESS CURRENT LIABILITIES

852,554

709,830

CREDITORS

Amounts falling due after more than one year

7

1,009,509

973,890

NET LIABILITIES

(156,955

)

(264,060

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(157,055

)

(264,160

)

(156,955

)

(264,060

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 September 2026 and were signed on its behalf by:

D J Quinlan - Director

1.	STATUTORY INFORMATION

Quinlan Tyley 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.

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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Going concern

The directors have prepared these financial statements on a going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from the date of approval of these financial statements.

In making this assessment, the directors have considered the company's current financial position, stable rental income streams from its property portfolio, cash flow forecasts, and available liquid resources. Accordingly, the directors have continued to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

2,080,000

Additions

650,103

Revaluations

6,956

At 31 March 2026

2,737,059

NET BOOK VALUE

At 31 March 2026

2,737,059

At 31 March 2025

2,080,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2022

948,903

Valuation in 2023

926,097

Valuation in 2025

205,000

Valuation in 2026

657,059

2,737,059

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

VAT

8,375

13,976

Prepayments and accrued income

42,196

42,196

50,571

56,172

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other loans

199,769

-

Tax

8,031

-

Social security and other taxes

41

-

Other creditors

35,890

-

Directors' current accounts

1,699,200

1,436,618

Accrued expenses

999

1,199

1,943,930

1,437,817

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other loans more 5yrs non-inst

1,009,509

973,890

2026

2025

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

1,009,509

973,890

The loan amounts included within note 8, are comprised of two sperarate mortgages as follows:

YBS Commercial Mortgages £463,075

Interbay Commercial £546,434

These mortgages are secured on the various properties within the portfolio.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within note 7, is an amount owed jointly to the directors Mr D Quinlan and Mrs M Quinlan £1,699,200 [2025: £1,436,618]. The directors have indicated that this amount will not be demanded for repayment until all other encumbrances have been repaid.