Registrar

Registration number: 07612390

Quahoag Estates Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Quahoag Estates Limited

Company Information

Directors

N R H Whitehead S M Faircliffe

Registered office

32 Fulbrooke Road Cambridge CB3 9EE

Solicitors

Hewitsons LLP Shakespeare House 42 Newmarket Road Cambridge CB5 8EP

Bankers

Barclays Bank PLC 9/11 St Andrews Street Cambridge Cambridgeshire CB2 3AA

Accountants

Lambert Chapman LLP Chartered Accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Quahoag Estates Limited

(Registration number: 07612390)
Balance Sheet as at 30 April 2026

	Note	2026 £	(As restated) 2025 £
Fixed assets
Investment property	4	1,518,000	1,518,000
Current assets
Debtors	5	19,032	18,363
Cash at bank and in hand		6,601	11,946
		25,633	30,309
Creditors: Amounts falling due within one year	6	(111,423)	(109,551)
Net current liabilities		(85,790)	(79,242)
Total assets less current liabilities		1,432,210	1,438,758
Creditors: Amounts falling due after more than one year	6	(1,129,216)	(1,131,994)
Net assets		302,994	306,764
Capital and reserves
Called up share capital	7	100	100
Retained earnings		302,894	306,664
Shareholders' funds		302,994	306,764

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 October 2026 and signed on its behalf by:
 

N R H Whitehead
Director

Quahoag Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is 32 Fulbrooke Road, Cambridge, CB3 9EE.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of rent of commercial and residential properties. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Quahoag Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

Prior period error - classification of investment property

During the year, it was identified that a freehold property with a carrying amount of £1,518,000 was incorrectly classified as property, plant and equipment in the financial statements for the year ended 30 April 2025. The property met the definition of investment property under FRS 102 Section 16 and should have been classified as investment property in the prior period.

The comparative financial statements have therefore been restated to correct this prior period error in accordance with FRS 102 Section 10, Accounting Policies, Estimates and Errors.

The correction has resulted in:

-The freehold property previously included within property, plant and equipment being reclassified to investment property

The correction has no effect on the company's total assets, but has resulted in a change in the classification of assets.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for rent.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Quahoag Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Investment properties

	2026 £
At 1 May 2025	1,518,000
At 30 April 2026	1,518,000

Revaluation

The fair value of the company's Investment Property was revalued on 30 April 2026 by the director. Properties are valued at market value inclusive of assumed purchaser's costs on commercial and mixed use properties of 5.5%. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,599,534 (2025 - £1,599,534).

5

Debtors

	2026 £	2025 £
Trade debtors	1,114	8,365
Prepayments	3,348	2,805
Other debtors	14,570	7,193
	19,032	18,363

Quahoag Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	8	12,778	12,777
Social security and other taxes		3,710	3,980
Other payables		61,421	54,506
Accruals		3,045	3,250
Corporation tax		-	5,146
Directors loan		30,469	29,892
		111,423	109,551

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	8	598,642	601,420
Other financial liabilities		530,574	530,574
		1,129,216	1,131,994

 

Creditors include bank loans repayable by instalments of £nil (2025 - £1,158) due after more than five years.

 

Quahoag Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

7	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

8	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	2,778	2,777
Directors loan	10,000	10,000
	12,778	12,777

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	9,491	12,269
Directors loan	589,151	589,151
	598,642	601,420

9	Related party transactions

At the year end outstanding loans made by directors' relations totalled £540,575 (2025 - £540,574). During the period interest was owed on loans to directors totalling £15,718 (2025 - £13,660).