IRIS Accounts Production v23.4.0.336 08571074 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085710742022-06-30085710742023-06-30085710742022-07-012023-06-30085710742021-06-30085710742021-07-012022-06-30085710742022-06-3008571074ns15:EnglandWales2022-07-012023-06-3008571074ns14:PoundSterling2022-07-012023-06-3008571074ns10:Director12022-07-012023-06-3008571074ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3008571074ns10:SmallEntities2022-07-012023-06-3008571074ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3008571074ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3008571074ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3008571074ns10:FullAccounts2022-07-012023-06-3008571074ns10:RegisteredOffice2022-07-012023-06-3008571074ns5:CurrentFinancialInstruments2023-06-3008571074ns5:CurrentFinancialInstruments2022-06-3008571074ns5:ShareCapital2023-06-3008571074ns5:ShareCapital2022-06-3008571074ns5:RetainedEarningsAccumulatedLosses2023-06-3008571074ns5:RetainedEarningsAccumulatedLosses2022-06-3008571074ns5:PlantMachinery2022-07-012023-06-3008571074ns5:LandBuildings2022-06-3008571074ns5:PlantMachinery2022-06-3008571074ns5:LandBuildings2022-07-012023-06-3008571074ns5:LandBuildings2023-06-3008571074ns5:PlantMachinery2023-06-3008571074ns5:LandBuildings2022-06-3008571074ns5:PlantMachinery2022-06-3008571074ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3008571074ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 08571074 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

P GOODLACE OF RAMSGATE PROPERTIES LTD

P GOODLACE OF RAMSGATE PROPERTIES LTD (REGISTERED NUMBER: 08571074)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P GOODLACE OF RAMSGATE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: P Goodlace





REGISTERED OFFICE: Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN





REGISTERED NUMBER: 08571074 (England and Wales)





ACCOUNTANTS: John A Hyde & Co
Lyndale House
24A High Street
Addlestone
Surrey
KT15 1TN

P GOODLACE OF RAMSGATE PROPERTIES LTD (REGISTERED NUMBER: 08571074)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,216,531 2,734,097

CURRENT ASSETS
Debtors 5 - 2,623
Cash at bank 3,426 88,550
3,426 91,173
CREDITORS
Amounts falling due within one year 6 2,302,179 1,808,516
NET CURRENT LIABILITIES (2,298,753 ) (1,717,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,778

1,016,754

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 917,678 1,016,654
SHAREHOLDERS' FUNDS 917,778 1,016,754

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

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

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





P Goodlace - Director


P GOODLACE OF RAMSGATE PROPERTIES LTD (REGISTERED NUMBER: 08571074)

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

1. STATUTORY INFORMATION

P Goodlace of Ramsgate Properties Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 2% on cost

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 1 (2022 - 1 ) .

P GOODLACE OF RAMSGATE PROPERTIES LTD (REGISTERED NUMBER: 08571074)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2022 2,100,000 635,792 2,735,792
Additions - 482,671 482,671
At 30 June 2023 2,100,000 1,118,463 3,218,463
DEPRECIATION
At 1 July 2022 - 1,695 1,695
Charge for year - 237 237
At 30 June 2023 - 1,932 1,932
NET BOOK VALUE
At 30 June 2023 2,100,000 1,116,531 3,216,531
At 30 June 2022 2,100,000 634,097 2,734,097

Cost or valuation at 30 June 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2021 2,100,000 49,985 2,149,985
Valuation in 2022 - 585,807 585,807
Valuation in 2023 - 482,671 482,671
2,100,000 1,118,463 3,218,463

If Freehold property had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 1,328,683 1,328,683

Value of land in freehold land and buildings 2,100,000 2,100,000

Freehold property was valued on an open market basis on 30 June 2023 by the director. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 2,074
Other debtors - 549
- 2,623

P GOODLACE OF RAMSGATE PROPERTIES LTD (REGISTERED NUMBER: 08571074)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 12,021 37,318
Taxation and social security 53,685 84,398
Other creditors 2,236,473 1,686,800
2,302,179 1,808,516