McQuade Hotels Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC098433

McQuade Hotels Limited

Filleted Unaudited Financial Statements

31 December 2025

McQuade Hotels Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

McQuade Hotels Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of McQuade Hotels Limited

Year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of McQuade Hotels Limited for the year ended 31 December 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of McQuade Hotels Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of McQuade Hotels Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than McQuade Hotels Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that McQuade Hotels Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of McQuade Hotels Limited. You consider that McQuade Hotels Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of McQuade Hotels Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

22 September 2026

McQuade Hotels Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Intangible assets	5	–	3,329
Tangible assets	6	3,788,018	2,309,214
		------------	------------
		3,788,018	2,312,543

Current assets

Debtors	7	45,113	12,181
Cash at bank and in hand		2,245,202	1,475,068
		------------	------------
		2,290,315	1,487,249

Creditors: amounts falling due within one year	8	552,647		319,691
		------------		------------
Net current assets			1,737,668	1,167,558
			------------	------------
Total assets less current liabilities			5,525,686	3,480,101

Provisions

Taxation including deferred tax	30,650	27,036
	------------	------------
Net assets	5,495,036	3,453,065
	------------	------------

Capital and reserves

Called up share capital	60,000	50,000
Share premium account	1,525,000	–
Profit and loss account	3,910,036	3,403,065
	------------	------------
Shareholders funds	5,495,036	3,453,065
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

McQuade Hotels Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 22 September 2026 , and are signed on behalf of the board by:

Mr R McQuade

Director

Company registration number: SC098433

McQuade Hotels Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investment that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the provision of accommodation services, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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 is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	15 Years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Property Improvements	-	2% straight line
Fixtures & Fittings	-	20% reducing balance
Motor Vehicles	-	20% reducing balance
Equipment	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date .

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 26 (2024: 26 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2025 and 31 December 2025	100,000
	---------
Amortisation
At 1 January 2025	96,671
Charge for the year	3,329
	---------
At 31 December 2025	100,000
	---------
Carrying amount
At 31 December 2025	–
	---------
At 31 December 2024	3,329
	---------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2025	3,103,641	706,413	47,260	38,920	3,896,234
Additions	1,544,837	27,142	23,863	–	1,595,842
	------------	---------	--------	--------	------------
At 31 December 2025	4,648,478	733,555	71,123	38,920	5,492,076
	------------	---------	--------	--------	------------
Depreciation
At 1 January 2025	952,875	576,517	21,818	35,810	1,587,020
Charge for the year	77,427	29,127	9,862	622	117,038
	------------	---------	--------	--------	------------
At 31 December 2025	1,030,302	605,644	31,680	36,432	1,704,058
	------------	---------	--------	--------	------------
Carrying amount
At 31 December 2025	3,618,176	127,911	39,443	2,488	3,788,018
	------------	---------	--------	--------	------------
At 31 December 2024	2,150,766	129,896	25,442	3,110	2,309,214
	------------	---------	--------	--------	------------

7. Debtors

	2025	2024
	£	£
Prepayments and accrued income	15,617	12,181
Directors loan account	21,050	–
Other debtors	8,446	–
	--------	--------
	45,113	12,181
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	27,602	22,601
Accruals and deferred income	70,299	26,179
Corporation tax	193,467	172,204
Social security and other taxes	71,335	46,865
Director loan accounts	–	13,848
Other creditors	178,717	27,788
Other creditors	11,227	10,206
	---------	---------
	552,647	319,691
	---------	---------

9. Directors' advances, credits and guarantees

At 31st December 2025 the company was owed £ 21,050 from Mr & Mrs R McQuade, directors (2024: £13,848 owed to the directors). Interest has been charged on overdrawn balances. The loan is unsecured and has no fixed date of repayment.

10. Related party transactions

At 31st December 2025 the company was owed £74,735 from The Albion Hotel (2024: £76,194); £8,770 was owed from City Apartments (2024: £8,770) being businesses in which the directors have an interest. At 31st December 2025 the company owed £112,752 to Sam (Glasgow) Limited, a company controlled by Mr R McQuade , director (2024: £112,752).

11. Controlling party

The company was under the control of Mr & Mrs R McQuade, directors, throughout the current and previous year.