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REGISTERED NUMBER: 08299483 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

GODLINGTON HOLDINGS LIMITED

GODLINGTON HOLDINGS LIMITED (REGISTERED NUMBER: 08299483)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GODLINGTON HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: K F Godlington
Mrs B Godlington





REGISTERED OFFICE: South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS





BUSINESS ADDRESS: Willow Farm House
Newchurch
Romney Marsh
Kent
TN29 0DY





REGISTERED NUMBER: 08299483 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

GODLINGTON HOLDINGS LIMITED (REGISTERED NUMBER: 08299483)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 338,685 317,409
Investments 5 1,214 9,289
339,899 326,698

CURRENT ASSETS
Debtors 6 96,886 14,484
Cash at bank and in hand 959 273,867
97,845 288,351
CREDITORS
Amounts falling due within one year 7 125,932 305,509
NET CURRENT LIABILITIES (28,087 ) (17,158 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,812

309,540

CREDITORS
Amounts falling due after more than one year 8 (292,979 ) (284,212 )

PROVISIONS FOR LIABILITIES 9 (4,169 ) (3,100 )
NET ASSETS 14,664 22,228

CAPITAL AND RESERVES
Called up share capital 1,000 100
Retained earnings 13,664 22,128
SHAREHOLDERS' FUNDS 14,664 22,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

GODLINGTON HOLDINGS LIMITED (REGISTERED NUMBER: 08299483)

BALANCE SHEET - continued
29 FEBRUARY 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 23 September 2024 and were signed on its behalf by:





K F Godlington - Director


GODLINGTON HOLDINGS LIMITED (REGISTERED NUMBER: 08299483)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Godlington Holdings 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at 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.

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.

GODLINGTON HOLDINGS LIMITED (REGISTERED NUMBER: 08299483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 301,093 21,532 322,625
Additions 6,830 22,293 29,123
At 29 February 2024 307,923 43,825 351,748
DEPRECIATION
At 1 March 2023 - 5,216 5,216
Charge for year - 7,847 7,847
At 29 February 2024 - 13,063 13,063
NET BOOK VALUE
At 29 February 2024 307,923 30,762 338,685
At 28 February 2023 301,093 16,316 317,409

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 March 2023 9,289
Disposals (8,075 )
At 29 February 2024 1,214
NET BOOK VALUE
At 29 February 2024 1,214
At 28 February 2023 9,289

GODLINGTON HOLDINGS LIMITED (REGISTERED NUMBER: 08299483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 96,886 14,484

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 2,459 -
Trade creditors 1,260 1,309
Taxation and social security 9,709 33,519
Other creditors 112,504 270,681
125,932 305,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 277,978 284,212
Hire purchase contracts 15,001 -
292,979 284,212

9. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 4,169 3,100

Deferred
tax
£   
Balance at 1 March 2023 3,100
Provided during year 1,069
Balance at 29 February 2024 4,169

GODLINGTON HOLDINGS LIMITED (REGISTERED NUMBER: 08299483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
K F Godlington and Mrs B Godlington
Balance outstanding at start of year - -
Amounts advanced 94,641 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 94,641 -

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £15,500 (2023 - £82,400) were paid to the directors .

Mr & Mrs Godlington- Directors and Shareholders

At the balance sheet date Mr & Mrs Godlington owed Godlington Holdings Ltd £94,641 (2023 - The company owed Mr & Mrs Godlington £134,882).

12. ULTIMATE CONTROLLING PARTY

The controlling party is K F Godlington.