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REGISTERED NUMBER: 03674639 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Upton Quality Inns Limited

Upton Quality Inns Limited (Registered number: 03674639)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Upton Quality Inns Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr M A Upton
Mr M A Upton
Mr S J Upton





SECRETARY:





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG





REGISTERED NUMBER: 03674639 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Upton Quality Inns Limited (Registered number: 03674639)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 96,359 112,700
96,359 112,700

CURRENT ASSETS
Stocks 15,241 15,301
Debtors 6 34,816 46,757
Cash at bank and in hand 44,293 68,411
94,350 130,469
CREDITORS
Amounts falling due within one year 7 182,563 210,056
NET CURRENT LIABILITIES (88,213 ) (79,587 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,146

33,113

PROVISIONS FOR LIABILITIES 8 11,370 15,420
NET (LIABILITIES)/ASSETS (3,224 ) 17,693

CAPITAL AND RESERVES
Called up share capital 9 17,522 17,522
Retained earnings 10 (20,746 ) 171
SHAREHOLDERS' FUNDS (3,224 ) 17,693

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.

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 30 April 2025 and were signed on its behalf by:





Mr S J Upton - Director


Upton Quality Inns Limited (Registered number: 03674639)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Upton Quality 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of ten 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.
Leasehold and Improvements - over the term of the lease
Fixtures and fittings - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance basis
Computer equipment - 33.33% on reducing balance basis

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.

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.

Upton Quality Inns Limited (Registered number: 03674639)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 19,776
AMORTISATION
At 1 December 2023
and 30 November 2024 19,776
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Leasehold Fixtures
and and Motor Computer
Improvements fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 139,261 220,166 70,943 15,863 446,233
Additions - 4,849 - 1,717 6,566
Disposals - (900 ) - - (900 )
At 30 November 2024 139,261 224,115 70,943 17,580 451,899
DEPRECIATION
At 1 December 2023 110,207 183,743 24,337 15,246 333,533
Charge for year 4,151 5,544 11,652 660 22,007
At 30 November 2024 114,358 189,287 35,989 15,906 355,540
NET BOOK VALUE
At 30 November 2024 24,903 34,828 34,954 1,674 96,359
At 30 November 2023 29,054 36,423 46,606 617 112,700

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,000 -
Credit card account 3,379 -
Other debtors 11,210 11,210
Directors' loan accounts 14,381 33,214
Tax - 1,631
Prepayments and accrued income 846 702
34,816 46,757

Upton Quality Inns Limited (Registered number: 03674639)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,000 25,000
Hire purchase contracts 29,426 39,293
Trade creditors 66,673 73,950
Tax 9,778 11,210
Social security and other taxes 3,402 2,659
Pension control 749 787
VAT 42,092 45,457
Other creditors 5,779 4,870
Accrued expenses 9,664 6,830
182,563 210,056

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 13,189 15,420
Tax losses carried forward (1,819 ) -
11,370 15,420

Deferred
tax
£   
Balance at 1 December 2023 15,420
Provided during year (4,050 )
Balance at 30 November 2024 11,370

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
17,522 Ordinary Shares £1 17,522 17,522

10. RESERVES
Retained
earnings
£   

At 1 December 2023 171
Deficit for the year (20,917 )
At 30 November 2024 (20,746 )

11. CONTROLING PARTIES

The immediate and ultimate controling parties during the year were the directors.