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REGISTERED NUMBER: 03527079 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 May 2024

for

Gosfield Hall Ltd

Gosfield Hall Ltd (Registered number: 03527079)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


Gosfield Hall Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: H Bramer
N Bramer





SECRETARY: H Bramer





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 03527079 (England and Wales)





AUDITORS: Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Gosfield Hall Ltd (Registered number: 03527079)

Strategic Report
for the Year Ended 31 May 2024

The directors present their strategic report for the year ended 31 May 2024.

REVIEW OF BUSINESS
The company is a wedding venue provider, with 2 venues under its operation, the same as in the previous year.


Key performance indicators

Performance of the company is monitored internally using a variety of statutory and alternative performance measures (APMs) and key performance indicators (KPls). APMs are used where management considers they are more representative of underlying trading or in monitoring performance against the company's objectives.

Turnover is an important metric as it reflects the core underlying activities of the company by adding together the turnover from each venue.

Gross Margin is an important metric as it provides valuable insight into whether the company is pricing it's services appropriately.

Operating profit is an important metric as it is an indirect measure of efficiency. The higher the net profit, the more profitable the company's core business is.

Earnings before interest, tax, depreciation and amortisation ("EBITDA") is considered, by management, to be informative as it reflects operating profit adjusted for non-cash charges.

The figures for these 4 key performance measures are stated below:

2024 2023
Turnover £3,458,202 £7,236,310
Gross profit margin 82.19% 81.72%
Operating profit/(loss) £5,619,951 £501,589
EBITDA £7,207,707 £794,737


Turnover decreased 52% in the year due to one of the two wedding venues being transferred to a separate company..

Operating profit and EBITDA increased significantly in the year due to the gain on revaluation of freehold property.. The company also incurred £760,000 of management fees (2023: £1,160,000) from the parent company for Head Office services provided.,


Gosfield Hall Ltd (Registered number: 03527079)

Strategic Report
for the Year Ended 31 May 2024

PRINCIPAL RISKS AND UNCERTAINTIES
In the course of normal business, the company continually assesses significant risks faced and takes action to mitigate the potential impacts. The principle risks (which is not intended to be a comprehensive analysis) facing the company are as follows:

Financial and liquidity

The general health of the UK economy and individuals disposable income is important to the company's success. The company manages any potential downturn in the economy by a policy of structuring payment plans for customers..

Operating capital - The availability of operating capital is crucial to ensuring that the company has sufficient funds to meet their liabilities as they fall due to suppliers and employees. The company manages this by reviewing the cash flow daily and tracks on a rolling year to ensure sufficient funds are available.

Operational risks

Customer service - The company relies on its teams to provide quality customer service. Teams are provided with rigorous training, covering customer service, digital tools to inform risk and mitigate thereafter to ensure that high standards and customer experience are maintained.

Health and safety - All staff are provided with comprehensive training to ensure they are all aware of the risks and how they can help to mitigate them.

ON BEHALF OF THE BOARD:





H Bramer - Director


16 December 2024

Gosfield Hall Ltd (Registered number: 03527079)

Report of the Directors
for the Year Ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a wedding venue provider.

DIVIDENDS
No dividends will be distributed for the year ended 31 May 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

H Bramer
N Bramer

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are 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 directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company 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 directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director 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 company's auditors are aware of that information.

AUDITORS
The auditors, Cartwrights, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





H Bramer - Director


16 December 2024

Report of the Independent Auditors to the Members of
Gosfield Hall Ltd

Opinion
We have audited the financial statements of Gosfield Hall Ltd (the 'company') for the year ended 31 May 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the 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 company's affairs as at 31 May 2024 and of its profit 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 company 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 directors' 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 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 directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, 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 Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Gosfield Hall Ltd


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

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, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are 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 directors determine 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 directors are responsible for assessing the 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 directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Gosfield Hall Ltd


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.

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

We ensured that the engagement team collectively had the appropriate competence, capabilities, and skills to identify or recognise non-compliance with applicable laws and regulations, and that they remained alert to instances of non-compliance throughout the audit.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- based on our understanding of the company and industry, and through discussions with directors and key management, we identified any specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation; and
- we assessed the extent of compliance with these laws and regulations through making enquiries of management and inspecting legal correspondence

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries, particularly focused around the year-end, to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates in the notes to the financial statements were indicative of potential bias; and
- investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

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
Gosfield Hall 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.




Eric McIntyre FCCA (Senior Statutory Auditor)
for and on behalf of Cartwrights
Chartered Accountants and Business Advisors
Statutory Auditor
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

16 December 2024

Gosfield Hall Ltd (Registered number: 03527079)

Income Statement
for the Year Ended 31 May 2024

31/5/24 31/5/23
Notes £    £   

TURNOVER 3,458,202 7,236,310

Cost of sales (615,813 ) (1,322,944 )
GROSS PROFIT 2,842,389 5,913,366

Administrative expenses (2,767,667 ) (5,267,218 )
74,722 646,148

Gain/loss on revaluation of tangible assets 6,983,123 -
OPERATING PROFIT 4 7,057,845 646,148

Interest receivable and similar income 11 -
7,057,856 646,148

Interest payable and similar expenses 5 (40,815 ) (27,674 )
PROFIT BEFORE TAXATION 7,017,041 618,474

Tax on profit 6 (1,397,090 ) (116,885 )
PROFIT FOR THE FINANCIAL YEAR 5,619,951 501,589

Gosfield Hall Ltd (Registered number: 03527079)

Other Comprehensive Income
for the Year Ended 31 May 2024

31/5/24 31/5/23
Notes £    £   

PROFIT FOR THE YEAR 5,619,951 501,589


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

5,619,951

501,589

Gosfield Hall Ltd (Registered number: 03527079)

Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 11,343,624 4,956,645

CURRENT ASSETS
Stocks 8 33,728 61,336
Debtors 9 12,616,319 13,834,800
Cash at bank and in hand 39,453 41,232
12,689,500 13,937,368
CREDITORS
Amounts falling due within one year 10 10,737,906 12,286,956
NET CURRENT ASSETS 1,951,594 1,650,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,295,218

6,607,057

CREDITORS
Amounts falling due after more than one year 11 (627,924 ) (944,658 )

PROVISIONS FOR LIABILITIES 13 (1,514,607 ) (129,663 )
NET ASSETS 11,152,687 5,532,736

CAPITAL AND RESERVES
Called up share capital 14 100 100
Fair value reserve 15 5,511,429 -
Retained earnings 15 5,641,158 5,532,636
SHAREHOLDERS' FUNDS 11,152,687 5,532,736

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2024 and were signed on its behalf by:





H Bramer - Director


Gosfield Hall Ltd (Registered number: 03527079)

Statement of Changes in Equity
for the Year Ended 31 May 2024

Called up Fair
share Retained value Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 June 2022 100 5,031,047 - 5,031,147

Changes in equity
Total comprehensive income - 501,589 - 501,589
Balance at 31 May 2023 100 5,532,636 - 5,532,736

Changes in equity
Total comprehensive income - 108,522 5,511,429 5,619,951
Balance at 31 May 2024 100 5,641,158 5,511,429 11,152,687

Gosfield Hall Ltd (Registered number: 03527079)

Cash Flow Statement
for the Year Ended 31 May 2024

31/5/24 31/5/23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (268,559 ) 114,075
Interest paid (40,815 ) (27,674 )
Tax paid (77,998 ) 78,156
Net cash from operating activities (387,372 ) 164,557

Cash flows from investing activities
Purchase of tangible fixed assets (188,830 ) (168,450 )
Sale of tangible fixed assets 574,412 1,360
Interest received 11 -
Net cash from investing activities 385,593 (167,090 )

Decrease in cash and cash equivalents (1,779 ) (2,533 )
Cash and cash equivalents at beginning of
year

2

41,232

43,765

Cash and cash equivalents at end of year 2 39,453 41,232

Gosfield Hall Ltd (Registered number: 03527079)

Notes to the Cash Flow Statement
for the Year Ended 31 May 2024

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

31/5/24 31/5/23
£    £   
Profit before taxation 7,017,041 618,474
Depreciation charges 149,851 148,589
Gain on revaluation of fixed assets (6,983,123 ) -
Finance costs 40,815 27,674
Finance income (11 ) -
224,573 794,737
Decrease/(increase) in stocks 27,608 (2,092 )
Decrease/(increase) in trade and other debtors 386,380 (590,642 )
Decrease in trade and other creditors (907,120 ) (87,928 )
Cash generated from operations (268,559 ) 114,075

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 31 May 2024
31/5/24 1/6/23
£    £   
Cash and cash equivalents 39,453 41,232
Year ended 31 May 2023
31/5/23 1/6/22
£    £   
Cash and cash equivalents 41,232 43,765


3. ANALYSIS OF CHANGES IN NET DEBT

At 1/6/23 Cash flow At 31/5/24
£    £    £   
Net cash
Cash at bank and in hand 41,232 (1,779 ) 39,453
41,232 (1,779 ) 39,453
Debt
Debts falling due within 1 year (63,561 ) 9,546 (54,015 )
Debts falling due after 1 year (125,165 ) (148,131 ) (273,296 )
(188,726 ) (138,585 ) (327,311 )
Total (147,494 ) (140,364 ) (287,858 )

Gosfield Hall Ltd (Registered number: 03527079)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Gosfield Hall 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 Company 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 as modified by the revaluation of certain assets.

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

Turnover is recognised on the day of the wedding event when the income has been earned and the service has been provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings (freehold) - Nil
Leasehold buildings - 10% on cost
Fixtures, fittings & equipment - 10-15% on cost
Motor vehicles - 20% on cost
Plant and machinery - 15% on costs
Computer Equipment - 33% on cost

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

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.

Gosfield Hall Ltd (Registered number: 03527079)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS
31/5/24 31/5/23
£    £   
Wages and salaries 1,169,620 2,536,632
Social security costs 79,652 165,304
Other pension costs 848 46,604
1,250,120 2,748,540

The average number of employees during the year was as follows:
31/5/24 31/5/23

94 144

31/5/24 31/5/23
£    £   
Directors' remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging:

31/5/24 31/5/23
£    £   
Hire of plant and machinery 66,035 142,524
Other operating leases - 300,000
Depreciation - owned assets 210,562 150,410
Auditors' remuneration 5,000 14,305

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31/5/24 31/5/23
£    £   
Bank loan interest 40,815 27,674

Gosfield Hall Ltd (Registered number: 03527079)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/5/24 31/5/23
£    £   
Current tax:
UK corporation tax - 77,998
Corporation tax adjustment 10,395 12,413
Interest on late tax payments 1,751 -
Total current tax 12,146 90,411

Deferred tax 1,384,944 26,474
Tax on profit 1,397,090 116,885

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

31/5/24 31/5/23
£    £   
Profit before tax 7,017,041 618,474
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

1,754,260

117,510

Effects of:
Expenses not deductible for tax purposes 37,463 27,428
Income not taxable for tax purposes (274,086 ) -
Capital allowances in excess of depreciation (45,943 ) (43,453 )
Utilisation of tax losses - (23,486 )
Adjustments to tax charge in respect of previous periods 12,146 12,412
Deferred tax (86,750 ) 26,474
Total tax charge 1,397,090 116,885

Gosfield Hall Ltd (Registered number: 03527079)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and Motor
property leasehold fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2023 3,916,877 704,175 2,339,169 20,549 6,980,770
Additions - - 188,830 - 188,830
Disposals - (704,175 ) (1,071,819 ) (12,049 ) (1,788,043 )
Revaluations 6,983,123 - - - 6,983,123
At 31 May 2024 10,900,000 - 1,456,180 8,500 12,364,680
DEPRECIATION
At 1 June 2023 - 388,440 1,615,136 20,549 2,024,125
Charge for year - - 210,562 - 210,562
Eliminated on disposal - (388,440 ) (813,142 ) (12,049 ) (1,213,631 )
At 31 May 2024 - - 1,012,556 8,500 1,021,056
NET BOOK VALUE
At 31 May 2024 10,900,000 - 443,624 - 11,343,624
At 31 May 2023 3,916,877 315,735 724,033 - 4,956,645

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 2024 6,983,123 - - 6,983,123
Cost 3,916,877 1,456,180 8,500 5,381,557
10,900,000 1,456,180 8,500 12,364,680

Freehold property was valued on an open market basis on 19th February 2024 by Knight Frank property consultants.

8. STOCKS
31/5/24 31/5/23
£    £   
Raw materials 33,728 61,336

Gosfield Hall Ltd (Registered number: 03527079)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 63,334 356,545
Purchase ledger Debit Balances 9,707 39,216
Amounts owed by group undertakings 12,505,415 13,337,516
Other debtors - 5,829
Prepayments and accrued income 37,863 95,694
12,616,319 13,834,800

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts (see note 12) 54,015 63,561
Trade creditors 89,988 207,666
Incomplete sales 1,478,356 1,870,656
Sales ledger credit balance 122,956 198,582
Amounts owed to group undertakings 8,420,568 9,019,084
Tax 12,146 77,998
Social security and other taxes 19,074 48,692
VAT 517,594 743,696
Wages control account - 20,717
Accruals and deferred income 23,209 36,304
10,737,906 12,286,956

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/24 31/5/23
£    £   
Bank loans (see note 12) 273,296 125,165
Sales Incomplete - More than 1
year 354,628 819,493
627,924 944,658

12. LOANS

An analysis of the maturity of loans is given below:

31/5/24 31/5/23
£    £   
Amounts falling due within one year or on demand:
Bank loans 54,015 63,561

Amounts falling due between one and two years:
Bank loans - 1-2 years 60,805 -

Gosfield Hall Ltd (Registered number: 03527079)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

12. LOANS - continued
31/5/24 31/5/23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 212,491 125,165

There is a new Funding Circle loan in the year repayable over a 72 month period. The loan is measured at amortised cost in the accounts and interest costs are recognised in the profit and loss account.

13. PROVISIONS FOR LIABILITIES
31/5/24 31/5/23
£    £   
Deferred tax
Accelerated capital allowances 1,514,607 129,663

Deferred
tax
£   
Balance at 1 June 2023 129,663
Charge to Income Statement during year 1,384,944
Balance at 31 May 2024 1,514,607

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
100 ordinary £1 100 100

15. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 5,532,636 - 5,532,636
Profit for the year 5,619,951 5,619,951
Reserve transfer (5,511,429 ) 5,511,429 -
At 31 May 2024 5,641,158 5,511,429 11,152,587

16. ULTIMATE PARENT COMPANY

the ultimate parent company is Country House Weddings Holdings Limited, a company registered in England and Wales.

The ultimate controlling party is H Bramer, by virtue of shareholding.

Gosfield Hall Ltd (Registered number: 03527079)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

17. CONTINGENT LIABILITIES

The company is party to a cross guarantee arrangement relating to borrowing of the group. Net indebtedness under these arrangements at 31 May 2024 was £6,521,728 (2023: £6,910,247)

18. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.