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REGISTERED NUMBER: 02535324 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

QUALITY INNS OF GLOUCESTERSHIRE LIMITED

QUALITY INNS OF GLOUCESTERSHIRE LIMITED (REGISTERED NUMBER: 02535324)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


QUALITY INNS OF GLOUCESTERSHIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: E Hogben
Mrs A C Hogben
W E Hogben
R W Hogben
Ms P Hogben
Ms A D A Hogben



SECRETARY: Mrs A C Hogben



REGISTERED OFFICE: Green Farm
Fretherne Lane
Saul
Gloucestershire
GL2 7JG



REGISTERED NUMBER: 02535324 (England and Wales)



ACCOUNTANTS: Devereux & Co
2 Court Mews
268 London Road
Charlton Kings
Cheltenham
Gloucestershire
GL52 6HS



SOLICITORS: Harrison Clark Rickerbys
LLP
Overross House
Ross Park
Ross-on-Wye
Herefordshire
HR9 7US

QUALITY INNS OF GLOUCESTERSHIRE LIMITED (REGISTERED NUMBER: 02535324)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,669 17,113
Tangible assets 5 3,781,318 3,184,347
3,795,987 3,201,460

CURRENT ASSETS
Stocks 93,590 91,546
Debtors 6 2,009,210 1,709,292
Cash at bank and in hand 1,118,766 1,077,464
3,221,566 2,878,302
CREDITORS
Amounts falling due within one year 7 2,081,853 1,520,556
NET CURRENT ASSETS 1,139,713 1,357,746
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,935,700

4,559,206

CREDITORS
Amounts falling due after more than one
year

8

(188,810

)

(491,038

)

PROVISIONS FOR LIABILITIES (78,933 ) (99,750 )
NET ASSETS 4,667,957 3,968,418

CAPITAL AND RESERVES
Called up share capital 1,400 1,400
Retained earnings 4,666,557 3,967,018
SHAREHOLDERS' FUNDS 4,667,957 3,968,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

QUALITY INNS OF GLOUCESTERSHIRE LIMITED (REGISTERED NUMBER: 02535324)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 8 March 2025 and were signed on its behalf by:





E Hogben - Director


QUALITY INNS OF GLOUCESTERSHIRE LIMITED (REGISTERED NUMBER: 02535324)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Quality Inns of Gloucestershire 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty seven years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided and in accordance with the property
Plant and machinery etc - 25% on cost, 10% on cost and in accordance with the property

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 year 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.

QUALITY INNS OF GLOUCESTERSHIRE LIMITED (REGISTERED NUMBER: 02535324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 233 (2023 - 200 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 66,000
AMORTISATION
At 1 December 2023 48,887
Charge for year 2,444
At 30 November 2024 51,331
NET BOOK VALUE
At 30 November 2024 14,669
At 30 November 2023 17,113

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023 1,293,001 3,579,833 4,872,834
Additions 588,742 259,404 848,146
At 30 November 2024 1,881,743 3,839,237 5,720,980
DEPRECIATION
At 1 December 2023 143,092 1,545,395 1,688,487
Charge for year 14,741 236,434 251,175
At 30 November 2024 157,833 1,781,829 1,939,662
NET BOOK VALUE
At 30 November 2024 1,723,910 2,057,408 3,781,318
At 30 November 2023 1,149,909 2,034,438 3,184,347

Included in cost of land and buildings is freehold land of £ 1,603,718 (2023 - £ 1,014,976 ) which is not depreciated.

QUALITY INNS OF GLOUCESTERSHIRE LIMITED (REGISTERED NUMBER: 02535324)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,794,207 1,510,149
Other debtors 215,003 199,143
2,009,210 1,709,292

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 209,545 218,038
Trade creditors 354,756 2,426
Taxation and social security 718,265 609,539
Other creditors 799,287 690,553
2,081,853 1,520,556

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 188,810 491,038

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 33,964 102,218

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 398,355 709,076

10. ULTIMATE CONTROLLING PARTY

The controlling party is E Hogben.