First Quartile Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 07752312

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Debtors	5	397,720		341,102
Cash at bank and in hand		115,105		102,585

		512,825		443,687
Creditors: Amounts Falling Due Within One Year	6	(91,714 )		(78,767 )

NET CURRENT ASSETS (LIABILITIES)			421,111		364,920

TOTAL ASSETS LESS CURRENT LIABILITIES			421,111		364,920

NET ASSETS			421,111		364,920

CAPITAL AND RESERVES
Called up share capital	7		40		40
Profit and Loss Account			421,071		364,880

SHAREHOLDERS' FUNDS			421,111		364,920

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First Quartile Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 8 October 2026 and were signed on its behalf by:

K Kyriacou

Director

The notes on pages 4 to 6 form part of these financial statements.

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First Quartile Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

First Quartile Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07752312 . The registered office is 2nd Floor Butler House, 177-178 Tottenham Court Road, London, W1T 7AF.

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

Monetary amounts in these financial statements are rounded to the nearest £.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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First Quartile Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.4. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.5. Pensions

The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees during the year was: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2025	33,898

As at 31 December 2025	33,898

Amortisation
As at 1 January 2025	33,898

As at 31 December 2025	33,898

Net Book Value
As at 31 December 2025	-

As at 1 January 2025	-

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	16,560	43,440
Amounts owed by group undertakings	381,160	297,662

	397,720	341,102

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First Quartile Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	10,727	12,160
Corporation tax	7,398	13,696
Other taxes and social security	1,970	2,279
VAT	12,980	8,376
Other creditors	58,639	42,256

	91,714	78,767

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	40	40

8. Parent Company

The immediate parent company is FWD Group Limited and the ultimate parent company is Glek Holdings Limited. Both companies are registered in England and Wales.

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Directors	K Kyriacou
	E Lane

Company Number	07752312

Registered Office	2nd Floor Butler House
	177-178 Tottenham Court Road
	London
	W1T 7AF

Accountants	Jones & Partners Limited
	2nd Floor, Butler House
	177-178 Tottenham Court Road
	London
	W1T 7AF