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Company Registration No. 12270706 (England and Wales)
HQI Foundation Unaudited accounts for the year ended 31 October 2025
HQI Foundation Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
HQI Foundation Company Information for the year ended 31 October 2025
Directors
Mostafa Abdi William Bagnall
Company Number
12270706 (England and Wales)
Registered Office
Westworks Building 195 Wood Lane White City, The Rotunda London W12 7FQ United Kingdom
Accountants
Aikon Accountants Limited 17 Hanover Square London W1S 1BN
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HQI Foundation Statement of financial position as at 31 October 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
459 
6,938 
Current assets
Debtors
5
10,202 
7,330 
Cash at bank and in hand
21,342 
20,776 
31,544 
28,106 
Creditors: amounts falling due within one year
6
(44,217)
(48,501)
Net current liabilities
(12,673)
(20,395)
Net liabilities
(12,214)
(13,457)
Reserves
7
Profit and loss account
(12,214)
(13,457)
Members' funds
(12,214)
(13,457)
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by
Mostafa Abdi Director Company Registration No. 12270706
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HQI Foundation Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
HQI Foundation is a private company, limited by guarantee, registered in England and Wales, registration number 12270706. The registered office is Westworks Building, 195 Wood Lane White City, The Rotunda, London, W12 7FQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.
Presentation currency
The financial statements are prepared in GBP, which is the functional currency of the entity.
Charitable Company
The company is a registered charity and is established for charitable purposes. The charity is registered with the Charity Commission for England and Wales under charity registration number 1189747.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
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HQI Foundation Notes to the Accounts for the year ended 31 October 2025
Incoming resources
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income from grants, trusts and foundations is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. Grant income received in advance is deferred and released in the financial year to which it relates.
Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation is recognized in the Statement of Financial Activities on a Straight-Line Method over the estimated useful life of Property, Plant and Equipment items from the date that they were made available for use.
Fixtures & fittings
33% Straight line basis
Computer equipment
33% Straight line basis
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
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HQI Foundation Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2024
48,931 
2,169 
51,100 
At 31 October 2025
48,931 
2,169 
51,100 
Depreciation
At 1 November 2024
41,993 
2,169 
44,162 
Charge for the year
6,479 
- 
6,479 
At 31 October 2025
48,472 
2,169 
50,641 
Net book value
At 31 October 2025
459 
- 
459 
At 31 October 2024
6,938 
- 
6,938 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,200 
4,800 
Accrued income and prepayments
5,544 
- 
Other debtors
3,458 
2,530 
10,202 
7,330 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
1,881 
7,045 
Taxes and social security
609 
- 
Other creditors
36,888 
35,167 
Accruals
4,839 
6,289 
44,217 
48,501 
7
Company limited by guarantee
The company is limited by guarantee and does not have a share capital. Each member's guarantee is limited to £1.
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HQI Foundation Notes to the Accounts for the year ended 31 October 2025
8
Transactions with related parties
As at 31 October 2025, HQI Foundation owed a balance of £23,800 to Bazooka Search Limited (2024 - £20,200). Bazooka Search Limited is related party of HQI foundation. During the year, HQI Foundation provided services amounting to £10,000 to Bazooka Search Limited. As at 31 October 2025 HQI Foundation owed a balance of £8,856 to Secret Technology Ltd (2024 - £ 8,856). Secret Technology Ltd is related party of HQI foundation. As at 31 October 2025 HQI Foundation owed a balance of £702 to HQI Studio Ltd (2024 - 702). HQI Studio Ltd is related party of HQI foundation. As at 31 October 2025, HQI Foundation owed a balance of £75 to Tabreezee Limited (2024 - £Nil). Tabreezee Limited is a related party of the HQI Foundation
9
Average number of employees
During the year the average number of employees was 1 (2024: 0).
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