QUINNS HOTEL LIMITED


Director	DHILLON, Balkar Singh


Company Secretary	DHILLON, Savdeep Singh


Registered Address	2nd Floor Grove House
	55 Lowlands Road
	Harrow
	HA1 3AW


Registered Number	02119285 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		116		154
Investment property	4		1,255,000		1,255,000
			1,255,116		1,255,154
Current assets
Debtors	5	1,465,794		1,461,223
Cash at bank and on hand		4,505		20,064
		1,470,299		1,481,287
Creditors amounts falling due within one year	6	(1,088,170)		(1,058,852)
Net current assets (liabilities)			382,129		422,435
Total assets less current liabilities			1,637,245		1,677,589
Provisions for liabilities	7		(299,000)		(219,949)
Net assets			1,338,245		1,457,640
Capital and reserves
Called up share capital			100		100
Other reserves			897,000		936,957
Profit and loss account			441,145		520,583
Shareholders' funds			1,338,245		1,457,640

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 December 2025, and are signed on its behalf by:

DHILLON, Balkar Singh
Director
Registered Company No. 02119285

QUINNS HOTEL LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	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 modified to include investment property.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents the rent receivable in the period. Income is recognised in the period to which it relates.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25

	Investment property
	Investment property which is property held to earn rentals and/or for capital appreciation is initially recognised at cost, which included the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

	Financial instruments
	The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. 

Basic financial liabilities
Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 April 24	1,155	1,155
At 31 March 25	1,155	1,155
Depreciation and impairment
At 01 April 24	1,001	1,001
Charge for year	38	38
At 31 March 25	1,039	1,039
Net book value
At 31 March 25	116	116
At 31 March 24	154	154

4.	Investment property
	In the opinion of the director, the market value of the other property is not materially different to the carrying value in the accounts as the balance sheet date.


		£
	Fair value at 01 April 24	1,255,000
	At 31 March 25	1,255,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	1,465,794	1,461,223
Total	1,465,794	1,461,223

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	768	768
Other creditors	1,082,986	1,053,956
Accrued liabilities and deferred income	4,416	4,128
Total	1,088,170	1,058,852


	Included within other creditors falling due within one year is interest only loan amounting to £1,004,352 (2024: £1,004,352). This loan is secured by a fixed and floating charge over present and future assets of the company.

7.	Provisions for liabilities

	2025	2024
	£	£
Other provisions	299,000	219,949
Total	299,000	219,949

8.	Related party transactions
	Included in other debtors are the amounts due from the close relatives to directors due with in 12 months. Balkar Singh Dhillon £1,340,313 (2024: £1,340,313); Selwyn Partnership £43,567 (2024: £23,984); Shandon House Hotel £45,360(2024: £38,360). Included in other creditors are the amounts due to the close relatives to directors due with in 12 months. Savdeep Dhillon £31,031 (2024: £15,944); St Pauls Worldwide Investments £47,602 (2024: £33,659)

Related party transactions

Included in other debtors are the amounts due from the close relatives to directors due with in 12 months. 
Balkar Singh Dhillon £1,340,313 (2024: £1,340,313); Selwyn Partnership £43,567 (2024: £23,984); Shandon House Hotel £45,360(2024: £38,360).

Included in other creditors are the amounts due to the close relatives to directors due with in 12 months.
Savdeep Dhillon £31,031 (2024: £15,944); St Pauls Worldwide Investments £47,602 (2024: £33,659)