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REGISTERED NUMBER: 02705749 (England and Wales)















Unaudited Financial Statements

for the Period 30 April 2022 to 30 April 2023

for

Godshill Park Developments Limited

Godshill Park Developments Limited (Registered number: 02705749)






Contents of the Financial Statements
for the Period 30 April 2022 to 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Godshill Park Developments Limited

Company Information
for the Period 30 April 2022 to 30 April 2023







DIRECTORS: Mr T J Sheaff
Mr S J Sheaff





SECRETARY: Mr S J Sheaff





REGISTERED OFFICE: Unit 6
St Georges Square
Portsmouth
Hampshire
PO1 3EY





REGISTERED NUMBER: 02705749 (England and Wales)





ACCOUNTANTS: Henry Thomas Advisory
Chartered Certified Accountants
Unit 6
St Georges Square
Portsmouth
Hampshire
PO1 3EY

Godshill Park Developments Limited (Registered number: 02705749)

Balance Sheet
30 April 2023

30.4.23 29.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,572,927 4,081,029
Investment property 5 1,150,000 1,150,000
6,722,927 5,231,029

CURRENT ASSETS
Stocks 28,000 28,000
Debtors 6 1,278,523 1,142,060
Cash at bank and in hand 781,574 627,271
2,088,097 1,797,331
CREDITORS
Amounts falling due within one year 7 1,556,655 1,688,732
NET CURRENT ASSETS 531,442 108,599
TOTAL ASSETS LESS CURRENT LIABILITIES 7,254,369 5,339,628

CREDITORS
Amounts falling due after more than one year 8 (3,124,708 ) (2,799,255 )

PROVISIONS FOR LIABILITIES (250,000 ) (250,000 )
NET ASSETS 3,879,661 2,290,373

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 9 1,500,000 -
Fair value reserve 9 1,150,000 1,150,000
Retained earnings 1,229,461 1,140,173
3,879,661 2,290,373

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 Park Developments Limited (Registered number: 02705749)

Balance Sheet - continued
30 April 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 29 January 2024 and were signed on its behalf by:





Mr S J Sheaff - Director


Godshill Park Developments Limited (Registered number: 02705749)

Notes to the Financial Statements
for the Period 30 April 2022 to 30 April 2023

1. STATUTORY INFORMATION

Godshill Park Developments 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the amount derived from ordinary activities, stated after discounts, value added tax and any other sales taxes, where applicable. Turnover is the value of work performed during the year with respect to services.

Tangible fixed assets
Items or property, plant and equipment are stated at cost of acquisition less accumulated depreciation.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. The estimated useful lives range as follows:

Plant and machinery - 20% reducing balance basis (reduced in YE 2021 to 10% due to considerably less usage)

The gain or loss arising from the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to profit or loss.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently measured at amortised cost using the effective interest
method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.


Godshill Park Developments Limited (Registered number: 02705749)

Notes to the Financial Statements - continued
for the Period 30 April 2022 to 30 April 2023

2. ACCOUNTING POLICIES - continued
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors note that the Group is trading adequately and has sufficiently working capital and other finance available to continue trading for a period of not less than 12 months from the date of signing these financial statements.There are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 44 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 30 April 2022 4,000,000 1,700,525 5,700,525
Revaluations 1,500,000 - 1,500,000
At 30 April 2023 5,500,000 1,700,525 7,200,525
DEPRECIATION
At 30 April 2022 - 1,619,496 1,619,496
Charge for period - 8,102 8,102
At 30 April 2023 - 1,627,598 1,627,598
NET BOOK VALUE
At 30 April 2023 5,500,000 72,927 5,572,927
At 29 April 2022 4,000,000 81,029 4,081,029

Godshill Park Developments Limited (Registered number: 02705749)

Notes to the Financial Statements - continued
for the Period 30 April 2022 to 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 April 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 1,500,000 - 1,500,000
Cost 4,000,000 1,700,525 5,700,525
5,500,000 1,700,525 7,200,525

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 April 2022
and 30 April 2023 1,150,000
NET BOOK VALUE
At 30 April 2023 1,150,000
At 29 April 2022 1,150,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 29.4.22
£    £   
Trade debtors 76,780 76,780
Other debtors 1,201,743 1,065,280
1,278,523 1,142,060

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 29.4.22
£    £   
Bank loans and overdrafts 24,167 13,550
Trade creditors 41,951 60,893
Amounts owed to group undertakings 88,338 -
Taxation and social security 243,345 334,672
Other creditors 1,158,854 1,279,617
1,556,655 1,688,732

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.23 29.4.22
£    £   
Amounts owed to group undertakings 3,124,708 2,799,255

Godshill Park Developments Limited (Registered number: 02705749)

Notes to the Financial Statements - continued
for the Period 30 April 2022 to 30 April 2023

9. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 30 April 2022 - 1,150,000 1,150,000
Property Revaluation 1,500,000 - 1,500,000

At 30 April 2023 1,500,000 1,150,000 2,650,000

10. RELATED PARTY DISCLOSURES

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. POST BALANCE SHEET EVENTS

There are no reportable events between the date of the Financial Statements and the date of the signing these Financial Statements.

12. ULTIMATE CONTROLLING PARTY

The Company has no ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Godshill Park Developments 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 Park Developments Limited for the period ended 30 April 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Godshill Park Developments 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 Park Developments Limited and state those matters that we have agreed to state to the Board of Directors of Godshill Park Developments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Godshill Park Developments 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 Godshill Park Developments Limited. You consider that Godshill Park Developments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Godshill Park Developments 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.






Henry Thomas Advisory
Chartered Certified Accountants
Unit 6
St Georges Square
Portsmouth
Hampshire
PO1 3EY


29 January 2024