IRIS Accounts Production v23.4.0.336 11068938 Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110689382022-11-30110689382023-11-30110689382022-12-012023-11-30110689382021-11-30110689382021-12-012022-11-30110689382022-11-3011068938ns15:EnglandWales2022-12-012023-11-3011068938ns14:PoundSterling2022-12-012023-11-3011068938ns10:Director12022-12-012023-11-3011068938ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011068938ns10:SmallEntities2022-12-012023-11-3011068938ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3011068938ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011068938ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011068938ns10:FullAccounts2022-12-012023-11-3011068938ns10:Director22022-12-012023-11-3011068938ns10:CompanySecretary12022-12-012023-11-3011068938ns10:RegisteredOffice2022-12-012023-11-3011068938ns5:CurrentFinancialInstruments2023-11-3011068938ns5:CurrentFinancialInstruments2022-11-3011068938ns5:ShareCapital2023-11-3011068938ns5:ShareCapital2022-11-3011068938ns5:RevaluationReserve2023-11-3011068938ns5:RevaluationReserve2022-11-3011068938ns5:RetainedEarningsAccumulatedLosses2023-11-3011068938ns5:RetainedEarningsAccumulatedLosses2022-11-3011068938ns5:RevaluationReserve2022-11-30
REGISTERED NUMBER: 11068938 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GODSHILL HOMES LIMITED

GODSHILL HOMES LIMITED (REGISTERED NUMBER: 11068938)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

GODSHILL HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: K Trigg
Mrs L S Trigg





SECRETARY:





REGISTERED OFFICE: Trigg House
Monks Brook
St Cross Business Centre
Newport
Isle of Wight
PO30 5WB





REGISTERED NUMBER: 11068938 (England and Wales)





ACCOUNTANTS: Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA

GODSHILL HOMES LIMITED (REGISTERED NUMBER: 11068938)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 230,000 230,000

CURRENT ASSETS
Cash at bank 34 22

CREDITORS
Amounts falling due within one year 5 64,085 63,441
NET CURRENT LIABILITIES (64,051 ) (63,419 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,949

166,581

PROVISIONS FOR LIABILITIES 42,200 32,100
NET ASSETS 123,749 134,481

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 126,743 136,843
Retained earnings (3,094 ) (2,462 )
123,749 134,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GODSHILL HOMES LIMITED (REGISTERED NUMBER: 11068938)

BALANCE SHEET - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





K Trigg - Director


GODSHILL HOMES LIMITED (REGISTERED NUMBER: 11068938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

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

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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 NIL (2022 - NIL).

GODSHILL HOMES LIMITED (REGISTERED NUMBER: 11068938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 230,000
NET BOOK VALUE
At 30 November 2023 230,000
At 30 November 2022 230,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2020 168,943
Cost 61,057
230,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 61,057 61,057

Investment property was valued on an open market basis on 30 November 2020 by Trigg & Co, Estate Agents, Newport, I.O.W .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 64,085 63,441

6. RESERVES
Revaluation
reserve
£   
At 1 December 2022 136,843
Unrealised gain/loss on invest
ment properties (10,100 )

At 30 November 2023 126,743

GODSHILL HOMES LIMITED (REGISTERED NUMBER: 11068938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. RELATED PARTY DISCLOSURES

At the balance sheet date, £61,300 (2022 - £61,300) was owed to Farnhamhomes Limited, the 100% holding company of Godshill Homes Limited, via an unsecured, non-interest bearing loan.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GODSHILL HOMES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Godshill Homes Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Godshill Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Godshill Homes Limited and state those matters that we have agreed to state to the Board of Directors of Godshill Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Godshill Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Godshill Homes 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 loss of Godshill Homes Limited. You consider that Godshill Homes 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 Godshill Homes 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.






Harrison Black Limited
East Quay
Kite Hill
Wootton Bridge
Isle of Wight
PO33 4LA


Date: .............................................