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REGISTERED NUMBER: 06281086 (England and Wales)












Group Strategic Report,

Report of the Director and

Consolidated Financial Statements

for the Year Ended 31st December 2023

for

GO HOMES FAMILY LTD

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Contents of the Consolidated Financial Statements
for the year ended 31st December 2023










Page

Company Information 1

Group Strategic Report 2

Report of the Director 4

Report of the Independent Auditors 6

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 17


GO HOMES FAMILY LTD

Company Information
for the year ended 31st December 2023







DIRECTOR: O Hookway





SECRETARY: Miss Z C Instance





REGISTERED OFFICE: Bonks Hill House, Bonks Hill
High Wych Road
Sawbridgeworth
Hertfordshire
CM21 9HT





REGISTERED NUMBER: 06281086 (England and Wales)





AUDITORS: Attenboroughs (Accountants) Limited
Statutory Auditor
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Group Strategic Report
for the year ended 31st December 2023


The director presents his strategic report of the company and the group for the year ended 31st December 2023.

The Director presents the Group Strategic Report of Go Homes Family Limited (the "Company") and its subsidiaries for the year ended 31 December 2023.

Our family has enabled us to build on our customer satisfaction and the quality of our homes. We are proud of our brand that allows us to stand-up and be proud of being a good force within the UK property industry.

PRINCIPAL ACTIVITY AND REVIEW OF BUSINESS
The principal activity of the Group during the year ended 31 December 2023 continued to be that of residential property sales.

The industry has encountered numerous challenges over the last few of years. The UK has targeted the reduction of inflation with higher interest rates and therefore mortgage rates remain high. Higher mortgage rates have slowed
house sales across the UK.

The planning system remains slow producing a lack of new development sites. However, we are now seeing a
slow in new sites acquisitions and therefore the rebalancing supply and demand that will present opportunities in
2024 and beyond.

PRINCIPAL RISKS AND UNCERTAINTIES
We see the below as the key risks to the business operating within the housebuilding industry, but is not limited to only these:

Housing market: The housing market will always have an element of fluctuation within it based on both supply and demand as well as affordability.

House prices: There is risks to achievable prices both from a general market value and competitors pricing and location to our site.

Land: Ability to source both developable and affordable land.

Planning: Delays in the planning being approved and the increased complexity of providing planning applications.

Health & safety: There is an inherent risk within the construction business, we make sure we have very strong systems in place to mitigate as far as possible any risk.

Personnel: Attracting and retaining long term personnel is very important to the long-term success of the Group.

Business risk: The Group has appropriate disaster recovery plans in place.

Mortgage rates: The risk of continued increases in mortgage rates.

FINANCIAL KEY PERFORMANCE INDICATORS
The Directors use the following key performance indicators to measure the performance of the Group:

31/12/23 31/12/22
£    £   

Turnover 7,230,264 13,805,708
Gross profit 814,144 1,921,381
Gross profit margin (%) 11 14


GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Group Strategic Report
for the year ended 31st December 2023

OTHER KEY PERFORMANCE INDICATORS
We consider customer satisfaction to be a key non-financial performance indicator and the Directors are confident this has been achieved this year.

We are a family managed business and continue to operate with this in mind. For us, it’s our shared values that make us a family. Whether working internally or helping customers, our values always shine through.

ON BEHALF OF THE BOARD:





O Hookway - Director


15th November 2024

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Report of the Director
for the year ended 31st December 2023


The director presents his report with the financial statements of the company and the group for the year ended 31st December 2023.

DIVIDENDS
No dividends will be distributed for the year ended 31st December 2023.

DIRECTOR
O Hookway held office during the whole of the period from 1st January 2023 to the date of this report.

MATTERS COVERED IN THE GROUP STRATEGIC REPORT
In accordance with Section 414c (ii) of the Companies Act 2006, the Directors have chosen to include the following items in the Group Strategic Report:

* Principal activity and Business review
* Principal risks and uncertainties
* Future developments

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Report of the Director
for the year ended 31st December 2023


AUDITORS
The auditors, Attenboroughs (Accountants) Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



O Hookway - Director


15th November 2024

Report of the Independent Auditors to the Members of
GO HOMES FAMILY LTD


Opinion
We have audited the financial statements of GO HOMES FAMILY LTD (the 'parent company') and its subsidiaries (the 'group') for the year ended 31st December 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31st December 2023 and of the group's loss for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
GO HOMES FAMILY LTD


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities (non-compliance with laws and regulations), including fraud.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below:

We have made enquires of management around actual and potential litigation claims.

The company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation, distributable profits legislation, taxation legislation and pension legislation and we assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

We have reviewed the financial statement disclosures and testing to support documentation to assess compliance with applicable laws and regulations.

We have considered the risks of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
GO HOMES FAMILY LTD


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mr David Roger Pattman FCCA (Senior Statutory Auditor)
for and on behalf of Attenboroughs (Accountants) Limited
Statutory Auditor
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

15th November 2024

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Consolidated
Income Statement
for the year ended 31st December 2023

31/12/23 31/12/22
Notes £    £   

TURNOVER 7,259,097 13,805,708

Cost of sales 6,461,120 11,884,327
GROSS PROFIT 797,977 1,921,381

Administrative expenses 769,289 449,106
OPERATING PROFIT 28,688 1,472,275

Interest receivable and similar income 143 55
28,831 1,472,330

Interest payable and similar expenses 5 15,739 -
PROFIT BEFORE TAXATION 13,092 1,472,330

Tax on profit 6 32,310 (503,776 )
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(19,218

)

1,976,106
(Loss)/profit attributable to:
Owners of the parent (19,218 ) 1,976,106

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Consolidated
Other Comprehensive Income
for the year ended 31st December 2023

31/12/23 31/12/22
Notes £    £   

(LOSS)/PROFIT FOR THE YEAR (19,218 ) 1,976,106


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(19,218

)

1,976,106

Total comprehensive income attributable to:
Owners of the parent (19,218 ) 1,976,106

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Consolidated Balance Sheet
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 5,000 68,000
Investments 9 - -
5,000 68,000

CURRENT ASSETS
Stocks 10 8,555,645 9,119,197
Debtors 11 11,105,168 7,573,432
Cash at bank 288,197 1,205,927
19,949,010 17,898,556
CREDITORS
Amounts falling due within one year 12 12,065,548 8,530,668
NET CURRENT ASSETS 7,883,462 9,367,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,888,462

9,435,888

CREDITORS
Amounts falling due after more than one year 13 (1,219,156 ) (1,747,364 )

PROVISIONS FOR LIABILITIES 16 - (1,000,000 )
NET ASSETS 6,669,306 6,688,524

CAPITAL AND RESERVES
Called up share capital 17 1,056 1,056
Share premium 18 1,222 1,222
Retained earnings 18 6,666,752 6,685,970
SHAREHOLDERS' FUNDS 6,669,030 6,688,248

NON-CONTROLLING INTERESTS 276 276
TOTAL EQUITY 6,669,306 6,688,524

The financial statements were approved by the director and authorised for issue on 15th November 2024 and were signed by:





O Hookway - Director


GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Company Balance Sheet
31st December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 - -
Investments 9 2,688 2,688
2,688 2,688

CURRENT ASSETS
Debtors 11 328,602 328,602
Cash at bank 103 103
328,705 328,705
CREDITORS
Amounts falling due within one year 12 1,555 1,555
NET CURRENT ASSETS 327,150 327,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,838

329,838

CAPITAL AND RESERVES
Called up share capital 17 1,056 1,056
Share premium 18 1,222 1,222
Retained earnings 18 327,560 327,560
SHAREHOLDERS' FUNDS 329,838 329,838

Company's profit for the financial year - 1,000,000

The financial statements were approved by the director and authorised for issue on 15th November 2024 and were signed by:





O Hookway - Director


GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Consolidated Statement of Changes in Equity
for the year ended 31st December 2023

Called up
share Retained Share
capital earnings premium
£    £    £   
Balance at 1st January 2022 1,056 4,709,864 1,222

Changes in equity
Total comprehensive income - 1,976,106 -
Balance at 31st December 2022 1,056 6,685,970 1,222

Changes in equity
Total comprehensive income - (19,218 ) -
Balance at 31st December 2023 1,056 6,666,752 1,222
Non-controlling Total
Total interests equity
£    £    £   
Balance at 1st January 2022 4,712,142 276 4,712,418

Changes in equity
Total comprehensive income 1,976,106 - 1,976,106
Balance at 31st December 2022 6,688,248 276 6,688,524

Changes in equity
Total comprehensive income (19,218 ) - (19,218 )
Balance at 31st December 2023 6,669,030 276 6,669,306

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Company Statement of Changes in Equity
for the year ended 31st December 2023

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1st January 2022 1,056 (672,440 ) 1,222 (670,162 )

Changes in equity
Total comprehensive income - 1,000,000 - 1,000,000
Balance at 31st December 2022 1,056 327,560 1,222 329,838

Changes in equity
Balance at 31st December 2023 1,056 327,560 1,222 329,838

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Consolidated Cash Flow Statement
for the year ended 31st December 2023

31/12/23 31/12/22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 5,741 3,598,745
Interest paid (15,739 ) -
Tax paid (32,115 ) (107,370 )
Net cash from operating activities (42,113 ) 3,491,375

Cash flows from investing activities
Purchase of tangible fixed assets - (8,000 )
Sale of tangible fixed assets 18,000 -
Interest received 143 55
Net cash from investing activities 18,143 (7,945 )

Cash flows from financing activities
Loan repayments in year (893,760 ) (4,305,018 )
Net cash from financing activities (893,760 ) (4,305,018 )

Decrease in cash and cash equivalents (917,730 ) (821,588 )
Cash and cash equivalents at beginning of
year

2

1,205,927

2,027,515

Cash and cash equivalents at end of year 2 288,197 1,205,927

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Cash Flow Statement
for the year ended 31st December 2023


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31/12/23 31/12/22
£    £   
Profit before taxation 13,092 1,472,330
Depreciation charges 45,000 -
Increase/(Decrease) in provisions (1,000,000 ) (1,000,000 )
Finance costs 15,739 -
Finance income (143 ) (55 )
(926,312 ) 472,275
Decrease in stocks 563,552 2,657,376
Increase in trade and other debtors (3,531,736 ) (4,770,658 )
Increase in trade and other creditors 3,900,237 5,239,752
Cash generated from operations 5,741 3,598,745

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31st December 2023
31/12/23 1/1/23
£    £   
Cash and cash equivalents 288,197 1,205,927
Year ended 31st December 2022
31/12/22 1/1/22
£    £   
Cash and cash equivalents 1,205,927 2,027,515


3. ANALYSIS OF CHANGES IN NET DEBT

At 1/1/23 Cash flow At 31/12/23
£    £    £   
Net cash
Cash at bank and in hand 1,205,927 (917,730 ) 288,197
1,205,927 (917,730 ) 288,197
Debt
Debts falling due within 1 year (365,552 ) 365,552 -
Debts falling due after 1 year (1,747,364 ) 528,208 (1,219,156 )
(2,112,916 ) 893,760 (1,219,156 )
Total (906,989 ) (23,970 ) (930,959 )

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Financial Statements
for the year ended 31st December 2023


1. STATUTORY INFORMATION

GO HOMES FAMILY LTD 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 General 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" 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 - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Financial Statements - continued
for the year ended 31st December 2023


3. EMPLOYEES AND DIRECTORS
31/12/23 31/12/22
£    £   
Wages and salaries 277,079 271,529
Social security costs 25,794 50,075
Other pension costs 7,124 9,951
309,997 331,555

The average number of employees during the year was as follows:
31/12/23 31/12/22

Management and administration 6 9

The average number of employees by undertakings that were proportionately consolidated during the year was NIL (2022 - NIL).

31/12/23 31/12/22
£    £   
Director's remuneration - -

4. AUDITORS' REMUNERATION
31/12/23 31/12/22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

8,933

-
Total audit fees 8,933 -

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31/12/23 31/12/22
£    £   
Bank interest 14,165 -
Loan interest 1,574 -
15,739 -

6. TAXATION

Analysis of the tax charge/(credit)
The tax charge/(credit) on the profit for the year was as follows:
31/12/23 31/12/22
£    £   
Current tax:
UK corporation tax 32,310 (503,776 )
Tax on profit 32,310 (503,776 )

UK corporation tax has been charged at 23.50 % (2022 - 19 %).

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Financial Statements - continued
for the year ended 31st December 2023


7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. TANGIBLE FIXED ASSETS

Group
Plant and
Land machinery Totals
£    £    £   
COST
At 1st January 2023 68,000 34,415 102,415
Disposals (18,000 ) - (18,000 )
Impairments (45,000 ) - (45,000 )
At 31st December 2023 5,000 34,415 39,415
DEPRECIATION
At 1st January 2023
and 31st December 2023 - 34,415 34,415
NET BOOK VALUE
At 31st December 2023 5,000 - 5,000
At 31st December 2022 68,000 - 68,000

The impairment relates to the reduction in land value of the ransom strips.

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 2,688
NET BOOK VALUE
At 31st December 2023 2,688
At 31st December 2022 2,688

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Financial Statements - continued
for the year ended 31st December 2023


9. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Go Homes Ltd
Registered office: Bonks Hill House, Bonks Hill, High Wych Road, Sawbridgeworth, Hertfordshire, CM21 9HT
Nature of business: Sale of residential property
%
Class of shares: holding
Ordinary 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 6,333,132 6,304,931
Profit for the year 28,201 981,228

Go Planning Ltd
Registered office: Bonks Hill House, Bonks Hill, High Wych Road, Sawbridgeworth, Hertfordshire, CM21 9HT
Nature of business: Design and planning services
%
Class of shares: holding
Ordinary 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 658 55,792
Loss for the year (55,134 ) (5,122 )

Go Holdings (School Lane) Limited
Registered office: Bonks Hill House, Bonks Hill, High Wych Road, Sawbridgeworth, Hertfordshire, CM21 9HT
Nature of business: Property transactions
%
Class of shares: holding
Ordinary 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 1 1

Go Family Homes Ltd
Registered office: Bonks Hill House, Bonks Hill, High Wych Road, Sawbridgeworth, Hertfordshire, CM21 9HT
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 100 100

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Financial Statements - continued
for the year ended 31st December 2023


9. FIXED ASSET INVESTMENTS - continued

Go Land and New Homes Ltd
Registered office: Bonks Hill House, Bonks Hill, High Wych Road, Sawbridgeworth, Hertfordshire, CM21 9HT
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 1 1

Heckfords Road Great Bentley Management
Registered office: Bonks Hill House, Bonks Hill, High Wych Road, Sawbridgeworth, Hertfordshire, CM21 9HT
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 49 49

Heckfords Road Great Bentley Ltd
Registered office: Bonks Hill House, Bonks Hill, High Wych Road, Sawbridgeworth, Hertfordshire, CM21 9HT
Nature of business: Property transactions
%
Class of shares: holding
Ordinary 74.75
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 400 400

Go Move Ltd
Registered office: Bonks Hill House, Bonks Hill, High Wych Road, Sawbridgeworth, Hertfordshire, CM21 9HT
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 85.00

Go Oaklands Great Dunmow Ltd
Registered office: Bonks Hill House, Bonks Hill, High Wych Road, Sawbridgeworth, Hertfordshire, CM21 9HT
Nature of business: Property transactions
%
Class of shares: holding
Ordinary 100.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves 100 100


GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Financial Statements - continued
for the year ended 31st December 2023


10. STOCKS

Group
31/12/23 31/12/22
£    £   
Work-in-progress 8,555,645 9,119,197

The difference between purchase price or production cost of stocks and their replacement cost is not material.

The Company held no stock at the period end for both the current and previous periods.

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31/12/23 31/12/22 31/12/23 31/12/22
£    £    £    £   
Trade debtors 1 1 - -
Amounts owed by group undertakings - - 328,560 328,560
Other debtors 11,076,334 7,573,431 42 42
Accrued income 28,833 - - -
11,105,168 7,573,432 328,602 328,602

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31/12/23 31/12/22 31/12/23 31/12/22
£    £    £    £   
Bank loans and overdrafts (see note 14) - 365,552 - -
Trade creditors 17,919 147,331 - -
Tax 90,639 90,444 - -
Social security and other taxes 8,425 16,463 - -
Other creditors 6,168,387 13,461 1,555 1,555
Accruals and deferred income 5,780,178 7,897,417 - -
12,065,548 8,530,668 1,555 1,555

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
31/12/23 31/12/22
£    £   
Other loans (see note 14) 1,219,156 1,747,364

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Financial Statements - continued
for the year ended 31st December 2023


14. LOANS

An analysis of the maturity of loans is given below:

Group
31/12/23 31/12/22
£    £   
Amounts falling due within one year or on demand:
Bank loans - 365,552
Amounts falling due between one and two years:
Other loans - 1-2 years 1,219,156 1,747,364

15. SECURED DEBTS

The following secured debts are included within creditors:

Group
31/12/23 31/12/22
£    £   
Bank loans - 365,552

Loans are secured against the land to which the financing relates and incur interest at rates between 6.5% and 12% and are repayable in line with the sale of properties. These loans also include personal guarantees provided by the main shareholder.

The Company held no bank loans at the period end for both the current and previous periods.

16. PROVISIONS FOR LIABILITIES

Group
31/12/23 31/12/22
£    £   
Other provisions - 1,000,000

Aggregate amounts - 1,000,000

Company
Settlementcosts
£   
Balance at 1st January 2023 1,000,000
Utilised during year (1,000,000 )
Balance at 31st December 2023 -

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Financial Statements - continued
for the year ended 31st December 2023


17. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1,052 Ordinary £1 1,052 1,052
4 B Ordinary £1 4 4
1,056 1,056

18. RESERVES

Group
Retained Share
earnings premium Totals
£    £    £   

At 1st January 2023 6,685,970 1,222 6,687,192
Deficit for the year (19,218 ) (19,218 )
At 31st December 2023 6,666,752 1,222 6,667,974

Company
Retained Share
earnings premium Totals
£    £    £   

At 1st January 2023 327,560 1,222 328,782
Profit for the year - -
At 31st December 2023 327,560 1,222 328,782

Share premium account

The share premium account represents the premium paid for shares above their nominal value. The share premium account is a non-distributable reserve.

Profit and loss account

The profit and loss account represents the accumulation of retained profits, net of dividends, which are in the form of distributable reserves.

GO HOMES FAMILY LTD (REGISTERED NUMBER: 06281086)

Notes to the Consolidated Financial Statements - continued
for the year ended 31st December 2023


19. RELATED PARTY DISCLOSURES

The parent Company and Group have taken the exemption afforded by Section 33 of FRS 102 not to disclose transactions with other wholly owned companies of the Group.

In relation to non-wholly owned companies there are the following transactions between those entities and wholly owned subsidiaries of the Group:

Go Planning Ltd made sales of £746,423 (2022 - £2,587,086) to Heckfords Road Great Bentley Ltd during the period. As at 31 December 2023, Go Planning Ltd had a debtor balance due within one year with Heckfords Road Great Bentley Ltd of £746,423 (2022 - £2,587,086).

Go Homes Family Ltd had a year end debtor balance due within one year with Heckfords Road Great Bentley Ltd of £461,534 (2022 - £2,302,197).

Go Homes Ltd received management recharges of £30,692 (2022 - £546,374) from Heckfords Road Great Bentley Ltd during the period. As a t 31 December 2023, Go Homes Ltd had a debtor balance due within one year with Heckfords Road Great Bentley Ltd of £1,097,928 (2022 - £1,067,236).

The Group also has the following other related party transactions in the year:

As at 31 December 2023, the Group owed O Hookway £5,179 (2021 - £5,179). This amount is included within other creditors falling due in less than one year.

As at 31 December 2023, the Group was owed £NIL (2022 - £103,495) by N Adlington, a former Director, in respect of his loan account. This amount is included within other debtors falling due in less than one year.

As at 31 December 2023, the Group was owed £NIL (2022 - £68,374) by N Tedder, a former Director, in respect of his loan account. This amount is included within other debtors falling due in less than one year.

During the year ended 31 December 2022 there were purchases made of £8,601,717 (2021 - £7,875,000) from Sunstone House Development Ltd, a related private limited company, incorporated in England and Wales. As at 31 December 2022, the Group owed Sunstone House Development Ltd £468,356 (2021 - £765,095). The company was related through a common Director.

The Director, O Hookway, has given personal guarantees over the bank and other loans of £1,825,000 (2022 - £4,240,000).

20. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is considered to be O Hookway, by virtue of his shareholding in the
Company.