Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Inn Quests Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B W Pugh

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

01788601 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8/10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

268,397

268,397

Investments

5

2

2

268,399

268,399

CURRENT ASSETS

Cash at bank

81,525

55,650

CREDITORS

Amounts falling due within one year

6

37,929

14,394

NET CURRENT ASSETS

43,596

41,256

TOTAL ASSETS LESS CURRENT LIABILITIES

311,995

309,655

PROVISIONS FOR LIABILITIES

7

47,514

47,514

NET ASSETS

264,481

262,141

CAPITAL AND RESERVES

Called up share capital

8

4

4

Retained earnings

264,477

262,137

SHAREHOLDERS' FUNDS

264,481

262,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 15 September 2025 and were signed by:

B W Pugh - Director

1.	STATUTORY INFORMATION

Inn Quests 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

Income represents net invoiced rents receivable, excluding VAT. It is recognised in general over the period of rental and when the company is contractually entitled to consideration.

Deferred income represents rental deposits and is recognised at commencement of the rental period or when the company is contractually entitled to consideration.

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

Plant and machinery etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Income policy

Income represents net invoiced rents receivable, excluding VAT. It is recognised in general over the period of rental and when the company is contractually entitled to consideration.

Deferred income represents rental deposits and is recognised at commencement of the rental period or when the company is contractually entitled to consideration.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 March 2024

and 28 February 2025

268,396

2,810

13,992

285,198

DEPRECIATION

At 1 March 2024

and 28 February 2025

-

2,810

13,991

16,801

NET BOOK VALUE

At 28 February 2025

268,396

-

1

268,397

At 29 February 2024

268,396

-

1

268,397

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 March 2024

and 28 February 2025

2

NET BOOK VALUE

At 28 February 2025

2

At 29 February 2024

2

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

19,891

-

Tax

695

148

Other creditors

5,531

483

Directors' current accounts

3,457

6,457

Accrued expenses

8,355

7,306

37,929

14,394

7.	PROVISIONS FOR LIABILITIES

Deferred tax represents the estimated tax payable in the event of the freehold property being sold at the value shown in the accounts.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

4

Ordinary

£1

4

4

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the property was let through Wellies & Windbreaks which is run by Mrs A Pugh. Fees of £7,920 were paid for managing the property.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of B Pugh.