Quest Gift Shops Limited

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

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

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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.

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)

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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

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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

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