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REGISTERED NUMBER: 00546695 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

I. Goodman (Properties) Limited

I. Goodman (Properties) Limited (Registered number: 00546695)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


I. Goodman (Properties) Limited (Registered number: 00546695)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 126 140
Investment property 5 790,000 655,000
790,126 655,140

CURRENT ASSETS
Debtors 6 1,826 2,914
Cash at bank 3,951 20,951
5,777 23,865
CREDITORS
Amounts falling due within one year 7 306,778 241,299
NET CURRENT LIABILITIES (301,001 ) (217,434 )
TOTAL ASSETS LESS CURRENT LIABILITIES 489,125 437,706

PROVISIONS FOR LIABILITIES 32,324 27,577
NET ASSETS 456,801 410,129

CAPITAL AND RESERVES
Called up share capital 3,728 3,728
Retained earnings 453,073 406,401
SHAREHOLDERS' FUNDS 456,801 410,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Ms D J Pope - Director


I. Goodman (Properties) Limited (Registered number: 00546695)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

I. Goodman (Properties) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00546695

Registered office: WT Gunson
Suite 2, 3rd Floor
1 King Street
Manchester
M2 6AW

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

I. Goodman (Properties) Limited (Registered number: 00546695)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 2,191
DEPRECIATION
At 1 April 2022 2,051
Charge for year 14
At 31 March 2023 2,065
NET BOOK VALUE
At 31 March 2023 126
At 31 March 2022 140

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 655,000
Additions 110,000
Revaluations 25,000
At 31 March 2023 790,000
NET BOOK VALUE
At 31 March 2023 790,000
At 31 March 2022 655,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2021 120,000
Valuation in 2022 25,000
Valuation in 2023 25,000
Cost 620,000
790,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out as at 31 March 2023 by W T Gunson Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,826 2,914

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 306,778 241,299

I. Goodman (Properties) Limited (Registered number: 00546695)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is Devora Reisel Limited.