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REGISTERED NUMBER: 12264975 (England and Wales)












THE GOAT AT DOWNTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






THE GOAT AT DOWNTON LIMITED (REGISTERED NUMBER: 12264975)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE GOAT AT DOWNTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D L Jones
Mrs K A Korys-Jones





REGISTERED OFFICE: 62 The Borough
Downton
Salisbury
Wiltshire
SP5 3LY





REGISTERED NUMBER: 12264975 (England and Wales)

THE GOAT AT DOWNTON LIMITED (REGISTERED NUMBER: 12264975)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 56,820 80,770

CURRENT ASSETS
Stocks 23,797 26,637
Debtors 5 50,387 214,354
Cash at bank 99,110 71,572
173,294 312,563
CREDITORS
Amounts falling due within one year 6 (131,368 ) (189,682 )
NET CURRENT ASSETS 41,926 122,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,746

203,651

CREDITORS
Amounts falling due after more than one
year

7

(15,036

)

(24,937

)

PROVISIONS FOR LIABILITIES (5,683 ) (10,317 )
NET ASSETS 78,027 168,397

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,927 168,297
78,027 168,397

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

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

THE GOAT AT DOWNTON LIMITED (REGISTERED NUMBER: 12264975)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2024 and were signed on its behalf by:





D L Jones - Director


THE GOAT AT DOWNTON LIMITED (REGISTERED NUMBER: 12264975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

The Goat at Downton 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 FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Leasehold Improvements - 10% Straight line
Plant & Machinery - 25% Straight line
Fixtures & Fittings - 15% Straight line
Office Equipment - 25% Straight line

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

THE GOAT AT DOWNTON LIMITED (REGISTERED NUMBER: 12264975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments issued by the company are recorded at the fair value of 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

THE GOAT AT DOWNTON LIMITED (REGISTERED NUMBER: 12264975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Computer
to property machinery fittings equipment Totals
£ £ £ £ £
COST
At 1 January 2023 56,113 82,145 27,857 5,117 171,232
Additions - 9,109 - - 9,109
At 31 December 2023 56,113 91,254 27,857 5,117 180,341
DEPRECIATION
At 1 January 2023 16,613 59,676 10,836 3,337 90,462
Charge for year 5,611 22,383 4,179 886 33,059
At 31 December 2023 22,224 82,059 15,015 4,223 123,521
NET BOOK VALUE
At 31 December 2023 33,889 9,195 12,842 894 56,820
At 31 December 2022 39,500 22,469 17,021 1,780 80,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 22,696 22,696
Other debtors 27,691 191,658
50,387 214,354

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 8) 9,894 9,883
Trade creditors 44,508 74,454
Taxation and social security 36,287 55,949
Other creditors 40,679 49,396
131,368 189,682

THE GOAT AT DOWNTON LIMITED (REGISTERED NUMBER: 12264975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans (see note 8) 15,036 24,937

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank loans - less than 1 year 9,894 9,883

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,036 24,937

9. OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had future commitments under operating leases which totalled £383,040 (2022 £616,840).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £nil (2022: £15,000) were made to the company's directors. £nil (2022: £nil) was repaid prior to the year-end. The balance owed by the directors at the year-end was £nil (2022: £15,000). No interest is payable and the advances are repayable on demand.