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REGISTERED NUMBER: 10671822 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Goathland Gifts and Tearooms Ltd

Goathland Gifts and Tearooms Ltd (Registered number: 10671822)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Goathland Gifts and Tearooms Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr Stephen Andrew Calvert
Mrs Sheila Calvert





REGISTERED OFFICE: 2 Hallgarth
Pickering
North Yorkshire
YO18 7AW





REGISTERED NUMBER: 10671822 (England and Wales)





ACCOUNTANTS: Hallgarth Accountants Ltd
2 Hallgarth
Pickering
North Yorkshire
YO18 7AW

Goathland Gifts and Tearooms Ltd (Registered number: 10671822)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,344 25,544
Tangible assets 5 541,067 555,538
558,411 581,082

CURRENT ASSETS
Stocks 59,644 56,883
Debtors 6 1,343 1,205
Cash at bank and in hand 55,753 37,829
116,740 95,917
CREDITORS
Amounts falling due within one year 7 172,770 182,940
NET CURRENT LIABILITIES (56,030 ) (87,023 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

502,381

494,059

CREDITORS
Amounts falling due after more than one
year

8

(91,345

)

(143,990

)

PROVISIONS FOR LIABILITIES (8,494 ) (8,254 )
NET ASSETS 402,542 341,815

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 402,442 341,715
SHAREHOLDERS' FUNDS 402,542 341,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Goathland Gifts and Tearooms Ltd (Registered number: 10671822)

Balance Sheet - continued
31 January 2025


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 20 March 2025 and were signed on its behalf by:





Mrs Sheila Calvert - Director


Goathland Gifts and Tearooms Ltd (Registered number: 10671822)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Goathland Gifts and Tearooms 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" 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

Goathland Gifts and Tearooms Ltd (Registered number: 10671822)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

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 16 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 82,000
AMORTISATION
At 1 February 2024 56,456
Amortisation for year 8,200
At 31 January 2025 64,656
NET BOOK VALUE
At 31 January 2025 17,344
At 31 January 2024 25,544

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 492,712 99,257 66,972 483 659,424
Additions - - 2,991 - 2,991
At 31 January 2025 492,712 99,257 69,963 483 662,415
DEPRECIATION
At 1 February 2024 67,846 2,964 32,691 385 103,886
Charge for year 9,854 1,985 5,591 32 17,462
At 31 January 2025 77,700 4,949 38,282 417 121,348
NET BOOK VALUE
At 31 January 2025 415,012 94,308 31,681 66 541,067
At 31 January 2024 424,866 96,293 34,281 98 555,538

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 1,343 1,205

Goathland Gifts and Tearooms Ltd (Registered number: 10671822)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 50,000 50,000
Trade creditors 2,356 3,314
Taxation and social security 36,728 21,973
Other creditors 83,686 107,653
172,770 182,940

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 89,345 135,990
Other creditors 2,000 8,000
91,345 143,990

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 139,345 185,990

On 23 June 2017, Clydesdale Bank PLC registered a charge over West Mount and Tearooms, Goathland, Whitby North Yorkshire.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Ordinary £1 100 100