REGISTERED NUMBER: 02390396 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

QSX Technology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs P A Davis

M J A Davis

SECRETARY:

Mrs P A Davis

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

02390396 (England and Wales)

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

4

1,303

1,343

Investment property

5

1,485,000

1,444,500

1,486,303

1,445,843

CURRENT ASSETS

Debtors

6

49,850

21,515

Cash at bank

5,568

7,940

55,418

29,455

CREDITORS

Amounts falling due within one year

7

415,868

413,443

NET CURRENT LIABILITIES

(360,450

)

(383,988

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,125,853

1,061,855

PROVISIONS FOR LIABILITIES

149,657

141,962

NET ASSETS

976,196

919,893

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Fair value reserve

708,579

675,774

Retained earnings

266,517

243,019

SHAREHOLDERS' FUNDS

976,196

919,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 22 November 2025 and were signed on its behalf by:

Mrs P A Davis - Director

1.	STATUTORY INFORMATION

QSX Technology 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.

Turnover

Turnover represents rental income recognised according to the terms of rental agreements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

20% on reducing balance

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.

No depreciation is charged on investment property since in the directors' opinion its value is in excess of cost.

Taxation

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 fair value adjustments to the valuation of investment properties.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2024

23,791

Additions

285

At 31 March 2025

24,076

DEPRECIATION

At 1 April 2024

22,448

Charge for year

325

At 31 March 2025

22,773

NET BOOK VALUE

At 31 March 2025

1,303

At 31 March 2024

1,343

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,444,500

Revaluations

40,500

At 31 March 2025

1,485,000

NET BOOK VALUE

At 31 March 2025

1,485,000

At 31 March 2024

1,444,500

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

455,128

Valuation in 2019

320,107

Valuation in 2021

42,499

Valuation in 2022

626,766

Valuation in 2025

40,500

1,485,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

626,765

626,765

Investment property was valued on an open market value basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

49,850

21,515

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

1,357

1

Other creditors

414,511

413,442

415,868

413,443

8.	RELATED PARTY DISCLOSURES - INVESTMENT PROPERTY

The company has a 50% interest in four properties which are owned by the company, its directors, and family. Rental income arising from the properties is shared according to ownership. .