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REGISTERED NUMBER: 09806108 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

PROJECT GOAT LIMITED

PROJECT GOAT LIMITED (REGISTERED NUMBER: 09806108)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROJECT GOAT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: W J Killick
I Llewellyn-Smith
J D Mitchell
S J Morgan
A J Pettit
N Young





REGISTERED OFFICE: 35 Wilkinson Street
Sheffield
S10 2GB





REGISTERED NUMBER: 09806108 (England and Wales)





ACCOUNTANTS: Hollis and Co Limited
Chartered Accountants
35 Wilkinson Street
Sheffield
South Yorkshire
S10 2GB

PROJECT GOAT LIMITED (REGISTERED NUMBER: 09806108)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 100 100

CURRENT ASSETS
Stocks 36,714,170 36,427,128
Debtors 6 1,355,050 426,647
Cash at bank 95,430 55,423
38,164,650 36,909,198
CREDITORS
Amounts falling due within one year 7 2,494,204 2,418,096
NET CURRENT ASSETS 35,670,446 34,491,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,670,546

34,491,202

CREDITORS
Amounts falling due after more than one
year

8

132,496,140

109,265,760
NET LIABILITIES (96,825,594 ) (74,774,558 )

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings (96,825,794 ) (74,774,758 )
SHAREHOLDERS' FUNDS (96,825,594 ) (74,774,558 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PROJECT GOAT LIMITED (REGISTERED NUMBER: 09806108)

BALANCE SHEET - continued
30 JUNE 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 25 March 2025 and were signed on its behalf by:





N Young - Director


PROJECT GOAT LIMITED (REGISTERED NUMBER: 09806108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Project Goat 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 (£).


These financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and in accordance with the provisions of FRS 102 Section 1A – small entities.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The company's balance sheet is reporting net overall liabilities, but as the company's funders have indicated that they will continue to provide ongoing facilities to the company, the directors have prepared the accounts on the basis that the company is a going concern.

Turnover
Turnover represents rents received and other property related income. Turnover is recognised when the company has the right to the income received.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments
Financial Assets and Liabilities

The company's loans payable meet the definition of a basic financial instrument, so they are originally recognised at the transaction price, with subsequent measurement being at amortised costs, using the effective interest rate method.

Debt instruments which are financing transactions at a rate of interest that is not a market rate.

Where debt instruments are classified as long term liabilities, then the company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Where debt instruments are classified as current liabilities, then there is no present value adjustment to the initial measurement based on amortised cost.

PROJECT GOAT LIMITED (REGISTERED NUMBER: 09806108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,312 9,767
Other debtors 1,341,738 416,880
1,355,050 426,647

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 322,781 190,958
Other creditors 2,171,423 2,227,138
2,494,204 2,418,096

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 132,496,140 109,265,760

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loan 41,262,361 39,379,492
Accruals 91,233,779 69,886,268
132,496,140 109,265,760

The loan and accruing interest cost above are secured by a legal mortgage over certain properties owned by the company and carried in stocks.

PROJECT GOAT LIMITED (REGISTERED NUMBER: 09806108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

11. RELATED PARTY DISCLOSURES

Sparrowhawk Properties 606 Limited (incorporated in Jersey)
Holds a participating interest in the company.

During the year, Sparrowhawk Properties 606 Limited has continued to provide the company with an interest free loan of £999,900. This amount remains outstanding at the period end.

Project Goat Holdco Limited
Holds a participating interest in the company.

During the period, Project Goat Holdco Limited has continued to provide the company with an interest free loan of £999,900. This amount remains outstanding at the period end.