| Registered number: 02554031 | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||
| Prepared By: | ||||||||
| Reed-Ransted | ||||||||
| Chartered Accountants | ||||||||
| 2 Burhill Grove | ||||||||
| Pinner | ||||||||
| Middlesex | ||||||||
| HA5 3DW | ||||||||
| MOTOR-INN LIMITED | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||
| DIRECTORS | ||||||||
| SECRETARY | ||||||||
| REGISTERED OFFICE | ||||||||
| Middlesex | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 02554031 | ||||||||
| PLACE OF BUSINESS | ||||||||
| 726 Field End Road, South Ruislip, HA4 0QP | ||||||||
| ACCOUNTANTS | ||||||||
| Reed-Ransted | ||||||||
| Chartered Accountants | ||||||||
| 2 Burhill Grove | ||||||||
| Pinner | ||||||||
| Middlesex | ||||||||
| HA5 3DW | ||||||||
| MOTOR-INN LIMITED | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31 DECEMBER 2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| MOTOR-INN LIMITED | ||||||||
| BALANCE SHEET AT | ||||||||||
| Registered number: 02554031 | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 2 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 4 | |||||||||
| Cash at bank and in hand | ||||||||||
| 468,978 | 461,423 | |||||||||
| CREDITORS: Amounts falling due within one year | 5 | |||||||||
| NET CURRENT ASSETS | 241,348 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 8 | |||||||||
| Profit and loss account | 219,487 | 166,354 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| MOTOR-INN LIMITED | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Short Leasehold Properties | straight line 10% | |||||||
| Plant and Machinery | reducing balance 25% | |||||||
| Fixtures and Fittings | reducing balance 10% | |||||||
| Motor Cars | reducing balance 25% | |||||||
| 1c. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1d. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1e. Government Grants | ||||||||
| Government grants are recognised in profit and loss in the year in which they are received. | ||||||||
| MOTOR-INN LIMITED | ||||||||
| 2. TANGIBLE FIXED ASSETS | ||||||||||
| Short Leasehold | Plant and | Fixtures | ||||||||
| Properties | Machinery | and Fittings | Motor Cars | Total | ||||||
| £ | £ | £ | £ | £ | ||||||
| Cost | ||||||||||
| At 1 January 2024 | 13,885 | 204,438 | 39,640 | 9,393 | 267,356 | |||||
| Additions | - | 2,515 | - | - | 2,515 | |||||
| At 31 December 2024 | 13,885 | 206,953 | 39,640 | 9,393 | 269,871 | |||||
| Depreciation | ||||||||||
| At 1 January 2024 | 4,167 | 191,469 | 33,750 | 8,864 | 238,250 | |||||
| For the year | 1,389 | 3,871 | 589 | 132 | 5,981 | |||||
| At 31 December 2024 | 5,556 | 195,340 | 34,339 | 8,996 | 244,231 | |||||
| Net Book Amounts | ||||||||||
| At 31 December 2024 | 8,329 | 25,640 | ||||||||
| At 31 December 2023 | 9,718 | 29,106 | ||||||||
| 3. STOCK | 2024 | 2023 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 4. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 1,588 | 2,020 | ||||||
| Other debtors | 54 | - | ||||||
| Prepayments | 79,088 | 75,707 | ||||||
| Directors current account | 30,000 | - | ||||||
| 110,730 | 77,727 | |||||||
| MOTOR-INN LIMITED | ||||||||
| 5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | 52,028 | 52,378 | ||||||
| VAT | 41,176 | 43,485 | ||||||
| PAYE control | 13,085 | 15,228 | ||||||
| Trade creditors | 47,763 | 88,022 | ||||||
| Other creditors | 7,024 | 11,460 | ||||||
| Accruals | 9,955 | 9,502 | ||||||
| 171,031 | 220,075 | |||||||
| 6. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 15 | |||||
| 7. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Deferred taxation | 4,000 | 4,000 | ||||||
| Proposed dividends | 100,000 | 100,000 | ||||||
| 104,000 | 104,000 | |||||||
| 8. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 100 | 100 | |||||||
| 100 | 100 | |||||||
| MOTOR-INN LIMITED | ||||||||
| 9. OTHER FINANCIAL COMMITMENTS | ||||||||
| At 31 December 2024 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Operating Leases which expire: | ||||||||
| After 5 years | 185,000 | 185,000 | ||||||
| 10. CONTROLLING PARTY | ||||||||
| The company is a subsidiary of and is controlled by Hillspar Estates Limited (registered office: 2 Burhill Grove, Pinner, Middlesex, HA5 3DW), the ultimate holding company, by virtue of that company's ownership of 76% of the issued share capital. | ||||||||