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REGISTERED NUMBER: 03787413 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 NOVEMBER 2021 TO 27 NOVEMBER 2022

FOR

QUANTUM INNS LIMITED

QUANTUM INNS LIMITED (REGISTERED NUMBER: 03787413)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 NOVEMBER 2021 TO 27 NOVEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUANTUM INNS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 29 NOVEMBER 2021 TO 27 NOVEMBER 2022







DIRECTORS: D Murphy
Mrs B Johnson
G M Dawson





SECRETARY:





REGISTERED OFFICE: Vulcan Inn
High Street
Merthyr Tydfil
Mid Glamorgan
CF47 8UH





REGISTERED NUMBER: 03787413 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

QUANTUM INNS LIMITED (REGISTERED NUMBER: 03787413)

BALANCE SHEET
27 NOVEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24 32
Investment property 5 498,792 525,398
498,816 525,430

CURRENT ASSETS
Debtors 6 29,349 14,990
Cash at bank 43,605 11,761
72,954 26,751
CREDITORS
Amounts falling due within one year 7 23,941 79,087
NET CURRENT ASSETS/(LIABILITIES) 49,013 (52,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

547,829

473,094

CREDITORS
Amounts falling due after more than one
year

8

10,396

13,067
NET ASSETS 537,433 460,027

CAPITAL AND RESERVES
Called up share capital 60 60
Other Reserves 9 164,474 164,474
Retained earnings 372,899 295,493
SHAREHOLDERS' FUNDS 537,433 460,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 November 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 November 2022 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.

QUANTUM INNS LIMITED (REGISTERED NUMBER: 03787413)

BALANCE SHEET - continued
27 NOVEMBER 2022


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 23 November 2023 and were signed on its behalf by:





D Murphy - Director


QUANTUM INNS LIMITED (REGISTERED NUMBER: 03787413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 NOVEMBER 2021 TO 27 NOVEMBER 2022

1. STATUTORY INFORMATION

Quantum Inns 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Integral features - 10% on cost
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

Investment properties
Investment property is shown at the most recent valuation. No changes in fair value are recognised as the property is currently undergoing a major improvement overhaul by way of local authority Grants.

Revaluation reserve
No increase to valuation has been recognised. The property will be revalued and recognised to profit and loss when all grant improvement works have been finalised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2021 - NIL).

QUANTUM INNS LIMITED (REGISTERED NUMBER: 03787413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 NOVEMBER 2021 TO 27 NOVEMBER 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 November 2021
and 27 November 2022 61,701
DEPRECIATION
At 29 November 2021 61,669
Charge for period 8
At 27 November 2022 61,677
NET BOOK VALUE
At 27 November 2022 24
At 28 November 2021 32

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 November 2021 525,398
Additions 18,394
Disposals (45,000 )
At 27 November 2022 498,792
NET BOOK VALUE
At 27 November 2022 498,792
At 28 November 2021 525,398

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 14,990 14,990
Other debtors 14,359 -
29,349 14,990

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 21,698 8,876
Other creditors 2,243 70,211
23,941 79,087

QUANTUM INNS LIMITED (REGISTERED NUMBER: 03787413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 NOVEMBER 2021 TO 27 NOVEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 10,396 13,067

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loan 10,396 13,067

9. RESERVES
Other
Reserves
£   
At 29 November 2021
and 27 November 2022 164,474

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 27 November 2022 and the year ended 28 November 2021:

2022 2021
£    £   
D Murphy
Balance outstanding at start of period (33,254 ) (29,254 )
Amounts advanced 44,091 -
Amounts repaid - (4,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 10,837 (33,254 )

Mrs B Johnson
Balance outstanding at start of period (18,000 ) (13,000 )
Amounts advanced 18,000 -
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (18,000 )

G M Dawson
Balance outstanding at start of period (17,000 ) (13,000 )
Amounts advanced 17,000 -
Amounts repaid - (4,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (17,000 )