IRIS Accounts Productionv24.2.0.38302215321Board of Directors1.4.2331.3.2431.3.24falsetruefalsefalsetruefalseOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022153212023-03-31022153212024-03-31022153212023-04-012024-03-31022153212022-03-31022153212022-04-012023-03-31022153212023-03-3102215321ns15:EnglandWales2023-04-012024-03-3102215321ns14:PoundSterling2023-04-012024-03-3102215321ns10:Director12023-04-012024-03-3102215321ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102215321ns10:SmallEntities2023-04-012024-03-3102215321ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102215321ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102215321ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102215321ns10:FullAccounts2023-04-012024-03-3102215321ns10:OrdinaryShareClass12023-04-012024-03-3102215321ns10:Director22023-04-012024-03-3102215321ns10:CompanySecretary12023-04-012024-03-3102215321ns10:RegisteredOffice2023-04-012024-03-3102215321ns5:CurrentFinancialInstruments2024-03-3102215321ns5:CurrentFinancialInstruments2023-03-3102215321ns5:LandBuildings2023-03-3102215321ns5:LandBuildings2024-03-3102215321ns5:LandBuildings2023-03-3102215321ns10:OrdinaryShareClass12024-03-3102215321ns5:RetainedEarningsAccumulatedLosses2023-03-3102215321ns5:RevaluationReserve2023-03-3102215321ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3102215321ns5:RetainedEarningsAccumulatedLosses2024-03-3102215321ns5:RevaluationReserve2024-03-31

REGISTERED NUMBER: 02215321 (England and Wales)
















GOODHART PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)



CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024











Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





GOODHART PROPERTIES LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2024









DIRECTORS:

Mr M Hussein


Mrs G Hussein







SECRETARY:

Mrs G Hussein







REGISTERED OFFICE:

Hale House


Unit 5


296A Green Lanes


Palmers Green


London


N13 5TP







REGISTERED NUMBER:

02215321 (England and Wales)







ACCOUNTANTS:

T. PA Accountancy Services Limited


Hale House


Unit 5


296a Green Lanes


Palmers Green


London


N13 5TP


GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)



BALANCE SHEET

31 MARCH 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

160,000


160,000




CURRENT ASSETS

Debtors

5

877


878



Cash at bank

11,093


13,867



11,970


14,745



CREDITORS

Amounts falling due within one year

6

1,464


1,735



NET CURRENT ASSETS

10,506


13,010



TOTAL ASSETS LESS CURRENT

LIABILITIES

170,506


173,010




CAPITAL AND RESERVES

Called up share capital

7

2


2



Revaluation reserve

8

72,691


72,691



Retained earnings

8

97,813


100,317



SHAREHOLDERS' FUNDS

170,506


173,010




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.


GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)



BALANCE SHEET - continued

31 MARCH 2024



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 30 May 2024 and were signed on its behalf by:






Mr M Hussein - Director



GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024



1.

STATUTORY INFORMATION



Goodhart Properties 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.    



Turnover


Turnover represents gross rental income.



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.


Investment properties


The company's properties are held for long-term investment and are included in the Balance Sheet at their open market values.  Depreciation is not provided in respect of freehold properties.  This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the Accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 1 (2023 - 1 ) .


GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2024



4.

TANGIBLE FIXED ASSETS


Freehold


property

£   



COST OR VALUATION


At 1 April 2023


and 31 March 2024

160,000




NET BOOK VALUE


At 31 March 2024

160,000




At 31 March 2023

160,000




The cost/revaluation shown above is not significantly different from the market value as at 31st March 2011.


Cost or valuation at 31 March 2024 is represented by:



Freehold


property

£   



Valuation in 2003

45,190




Valuation in 2004

5,000




Valuation in 2007

22,501




Cost

87,309



160,000




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Trade debtors

877


878




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2024

2023


£   

£   



Corporation tax payable

586


563




Directors' current accounts

38


332




Accrued expenses

840


840



1,464


1,735




GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2024



7.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2024

2023



value:

£   

£   



2

Ordinary

£1

2


2




8.

RESERVES


Retained


Revaluation



earnings


reserve


Totals

£   

£   

£   




At 1 April 2023

100,317


72,691


173,008




Profit for the year

2,496


2,496




Dividends

(5,000

)

(5,000

)



At 31 March 2024

97,813


72,691


170,504




9.

RELATED PARTY DISCLOSURES



CONTROLLING PARTY



Mr M Hussein, a director and chairman of the company, controls the company as a result of holding 50% of the ordinary issued share capital of the company.