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REGISTERED NUMBER: 12089481 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Godley Property Portfolio Ltd

Godley Property Portfolio Ltd (Registered number: 12089481)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Godley Property Portfolio Ltd (Registered number: 12089481)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 292,504 184,901

CURRENT ASSETS
Cash at bank 1,376 159,426

CREDITORS
Amounts falling due within one year 5 178,405 224,873
NET CURRENT LIABILITIES (177,029 ) (65,447 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,475

119,454

CREDITORS
Amounts falling due after more than
one year

6

122,414

122,394
NET LIABILITIES (6,939 ) (2,940 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (7,039 ) (3,040 )
SHAREHOLDERS' FUNDS (6,939 ) (2,940 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Godley Property Portfolio Ltd (Registered number: 12089481)

Statement of Financial Position - continued
31 July 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 March 2024 and were signed by:





Ms Katherine Anne Lambon - Director


Godley Property Portfolio Ltd (Registered number: 12089481)

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

1. STATUTORY INFORMATION

Godley Property Portfolio Ltd 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: 12089481

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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.

Turnover
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
The investment properties have been stated at cost. The Board do not consider the fair value of the properties to be materially different to the value disclosed.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


Godley Property Portfolio Ltd (Registered number: 12089481)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern
The company has net liabilities of £6,939. The accounts have been prepared on a going concern basis as the director has confirmed that she will continue to provide support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 August 2022 184,901
Additions 107,603
At 31 July 2023 292,504
NET BOOK VALUE
At 31 July 2023 292,504
At 31 July 2022 184,901

Investment property situated at Apartment 33 and 40, 15 Wolstenholme Square, Liverpool, L14JL is under a charge from Hampshire Trust Bank PLC. The charge was created on 17th June 2022.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other creditors 178,405 224,873

Godley Property Portfolio Ltd (Registered number: 12089481)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 122,414 122,394

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 122,414 122,394

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 122,414 122,394

The loan amounting to £122,414 is secured by the way of charge on the property situated at Apartment 33 and 40, 15 Wolstenholme Square, Liverpool, L14JL (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 17th June 2022.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company owes £3,135 to its director, Ms Katherine Anne Lambon who is also a sole shareholder of the company as at accounting year end date.