Acorah Software Products - Accounts Production 15.0.600 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 10957436 Mr Harry Godwin iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10957436 2023-09-30 10957436 2024-09-30 10957436 2023-10-01 2024-09-30 10957436 frs-core:Non-currentFinancialInstruments 2024-09-30 10957436 frs-core:ShareCapital 2024-09-30 10957436 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 10957436 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10957436 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 10957436 frs-bus:SmallEntities 2023-10-01 2024-09-30 10957436 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10957436 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10957436 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 10957436 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 10957436 frs-bus:Director1 2023-10-01 2024-09-30 10957436 frs-countries:EnglandWales 2023-10-01 2024-09-30 10957436 2022-09-30 10957436 2023-09-30 10957436 2022-10-01 2023-09-30 10957436 frs-core:Non-currentFinancialInstruments 2023-09-30 10957436 frs-core:ShareCapital 2023-09-30 10957436 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 10957436 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30
Registered number: 10957436
Godwin Property Investments Ltd
ABRIDGED Financial Statements
For The Year Ended 30 September 2024
RITA HOLDINGS LIMITED
Chartered Tax Advisers
310 Lakes Innovation Centre
Lakes Road
Braintree
CM7 3AN
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 10957436
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 328,098 306,098
328,098 306,098
CURRENT ASSETS
Debtors 3,497 1,306
Cash at bank and in hand 1,084 335
4,581 1,641
Creditors: Amounts Falling Due Within One Year (107,071 ) (93,640 )
NET CURRENT ASSETS (LIABILITIES) (102,490 ) (91,999 )
TOTAL ASSETS LESS CURRENT LIABILITIES 225,608 214,099
Creditors: Amounts Falling Due After More Than One Year (216,193 ) (216,193 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,175 ) (1,995 )
NET ASSETS/(LIABILITIES) 3,240 (4,089 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Fair Value Reserve 6 26,325 8,505
Profit and Loss Account (23,086 ) (12,595 )
SHAREHOLDERS' FUNDS 3,240 (4,089)
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Harry Godwin
Director
11th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Godwin Property Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10957436 . The registered office is 95b Charlton Road, London, SE3 8TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of investment property.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 October 2023 306,098
Revaluations 22,000
As at 30 September 2024 328,098
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3
Page 4
6. Reserves
Fair Value Reserve
£
As at 1 October 2023 8,505
Movements in fair value reserve 17,820
As at 30 September 2024 26,325
Page 4