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Registered number: 01220757
Quest Gift Shops Limited
Financial Statements
For The Year Ended 31 March 2025
Quest Gift Shops Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Quest Gift Shops Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 01220757

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 436,215 |  | 436,218
|  |  | 436,215 |  | 436,218
CURRENT ASSETS
Debtors | 5 | 5,166 |  | 5,236 |
Cash at bank and in hand |  | 3,979 |  | 9,210 |
|  | 9,145 |  | 14,446 |
Creditors: Amounts Falling Due Within One Year | 6 | (49,923 ) |  | (31,470 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (40,778 ) |  | (17,024 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 395,437 |  | 419,194
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (61,272 ) |  | (73,576 )
NET ASSETS |  |  | 334,165 |  | 345,618
CAPITAL AND RESERVES
Called up share capital | 8 |  | 100 |  | 100
Revaluation reserve | 10 |  | 170,660 |  | 170,660
Profit and Loss Account |  |  | 163,405 |  | 174,858
SHAREHOLDERS' FUNDS |  |  | 334,165 |  | 345,618

Page 1
Page 2
Quest Gift Shops Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr A S Mould Director | Mr P J Mould Director
09/12/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Quest Gift Shops Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Quest Gift Shops Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01220757 . The registered office is 3 Wellwood Close, Poole, Dorset, BH13 6EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | No depreciation
Leasehold | No depreciation
Computer Equipment | 20% reducing balance

2.4. Taxation
Income tax expense represents the sum of the tax currently payable without calculating deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
Page 3
Page 4
Quest Gift Shops Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Leasehold | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 April 2024 | 240,561 | 195,644 | 347 | 436,552
As at 31 March 2025 | 240,561 | 195,644 | 347 | 436,552
Depreciation
As at 1 April 2024 | - | - | 334 | 334
Provided during the period | - | - | 3 | 3
As at 31 March 2025 | - | - | 337 | 337
Net Book Value
As at 31 March 2025 | 240,561 | 195,644 | 10 | 436,215
As at 1 April 2024 | 240,561 | 195,644 | 13 | 436,218

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 5,166 |  | 5,236

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 75
Bank loans and overdrafts | 17,626 |  | 12,493
Corporation tax | 2,475 |  | 6,313
Other creditors | 3,537 |  | 2,537
Accruals and deferred income | 9,285 |  | 9,052
Directors' loan accounts | 17,000 |  | 1,000
| 49,923 |  | 31,470

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 61,272 |  | 73,576

8. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 4
Page 5
Quest Gift Shops Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
9. Dividends

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
On equity shares:
Final dividend paid | 22,000 |  | 12,000

10. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 April 2024 | 170,660 | 174,858
Profit for the year and total comprehensive income | - | 10,547
Dividends paid | - | (22,000)
As at 31 March 2025 | 170,660 | 163,405

Page 5