Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-013No description of principal activityfalse4truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03560825 2023-04-01 2024-03-31 03560825 2022-04-01 2023-03-31 03560825 2024-03-31 03560825 2023-03-31 03560825 c:CompanySecretary1 2023-04-01 2024-03-31 03560825 c:Director1 2023-04-01 2024-03-31 03560825 c:Director2 2023-04-01 2024-03-31 03560825 c:Director2 2024-03-31 03560825 c:Director3 2023-04-01 2024-03-31 03560825 c:Director4 2023-04-01 2024-03-31 03560825 c:Director4 2024-03-31 03560825 c:RegisteredOffice 2023-04-01 2024-03-31 03560825 d:Buildings 2023-04-01 2024-03-31 03560825 d:Buildings 2024-03-31 03560825 d:Buildings 2023-03-31 03560825 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03560825 d:PlantMachinery 2023-04-01 2024-03-31 03560825 d:PlantMachinery 2024-03-31 03560825 d:PlantMachinery 2023-03-31 03560825 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03560825 d:FurnitureFittings 2023-04-01 2024-03-31 03560825 d:FurnitureFittings 2024-03-31 03560825 d:FurnitureFittings 2023-03-31 03560825 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03560825 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03560825 d:CurrentFinancialInstruments 2024-03-31 03560825 d:CurrentFinancialInstruments 2023-03-31 03560825 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03560825 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03560825 d:ShareCapital 2024-03-31 03560825 d:ShareCapital 2023-03-31 03560825 d:RetainedEarningsAccumulatedLosses 2024-03-31 03560825 d:RetainedEarningsAccumulatedLosses 2023-03-31 03560825 c:FRS102 2023-04-01 2024-03-31 03560825 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03560825 c:FullAccounts 2023-04-01 2024-03-31 03560825 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03560825 d:WithinOneYear 2024-03-31 03560825 d:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 03560825







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024


GOODWYNS LIMITED






































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GOODWYNS LIMITED
 


 
COMPANY INFORMATION


Directors
John N Day 
Peter H Madden (resigned 14 July 2024)
Broadmead Limited 
Samantha C L Day (appointed 26 October 2023)




Company secretary
Sandringham Company Secretaries Limited



Registered number
03560825



Registered office
3000a Parkway

Whiteley

Hampshire

PO15 7FX




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


GOODWYNS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


GOODWYNS LIMITED
REGISTERED NUMBER:03560825



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,957
3,097

  
1,957
3,097

Current assets
  

Debtors: amounts falling due within one year
 5 
16,209
8,846

  
16,209
8,846

Creditors: amounts falling due within one year
 6 
(1,030,155)
(909,307)

Net current liabilities
  
 
 
(1,013,946)
 
 
(900,461)

Total assets less current liabilities
  
(1,011,989)
(897,364)

  

Net liabilities
  
(1,011,989)
(897,364)

Page 1

 


GOODWYNS LIMITED
REGISTERED NUMBER:03560825


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(1,011,991)
(897,366)

  
(1,011,989)
(897,364)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






John N Day
Director

Date: 18 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


GOODWYNS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Goodwyns Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.  The company's principal place of business is Causeway Business Centre, 158, The Causeway, Petersfield, Hampshire, GU31 4LW.
The Company's functional and presentational currency is GBP and is rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the year end the company had net liabilities of £1,011,989 (2023 £897,364). The company is reliant on the support of its parent company Broadmead Limited, the directors of which have confirmed that it will continue to support the company for the forseeable future and will not seek repayment of the loans due to it until the company is in a position to pay.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


GOODWYNS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line or reducing balance method.

Depreciation is provided on the following basis:

Property improvements
-
10% straight line
Plant and machinery
-
25% straight line
Fixtures and fittings
-
25% to 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

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

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).

Page 4

 


GOODWYNS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Property improvements
Plant and machinery
Fixtures, fittings & equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
87,793
9,697
93,602
191,092



At 31 March 2024

87,793
9,697
93,602
191,092



Depreciation


At 1 April 2023
87,793
9,697
90,505
187,995


Charge for the year on owned assets
-
-
1,140
1,140



At 31 March 2024

87,793
9,697
91,645
189,135



Net book value



At 31 March 2024
-
-
1,957
1,957



At 31 March 2023
-
-
3,097
3,097


5.


Debtors

2024
2023
£
£


Other debtors
7,333
-

Prepayments and accrued income
8,876
8,846

16,209
8,846



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
9,336
16,827

Amounts owed to group undertakings
1,011,906
883,156

Other taxation and social security
473
524

Other creditors
3,538
904

Accruals and deferred income
4,902
7,896

1,030,155
909,307


Page 5

 


GOODWYNS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
6,000
5,250

6,000
5,250


8.


Controlling party

The company's immediate parent company is Broadmead Limited, a company incorporated in the Isle of Man. The address of the parent's registered office is First Floor, Jubilee Buildings, Victoria Street, Douglas, Isle Of Man, IM1 2SH.
The ultimate controlling party is Mr J N Day.

Page 6