REGISTERED NUMBER: |
GOODALL BARNARD HOLDINGS LIMITED |
Unaudited Financial Statements |
for the Year Ended 31 December 2024 |
REGISTERED NUMBER: |
GOODALL BARNARD HOLDINGS LIMITED |
Unaudited Financial Statements |
for the Year Ended 31 December 2024 |
GOODALL BARNARD HOLDINGS LIMITED (REGISTERED NUMBER: 01860487) |
Contents of the Financial Statements |
for the year ended 31 December 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GOODALL BARNARD HOLDINGS LIMITED |
Company Information |
for the year ended 31 December 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
GOODALL BARNARD HOLDINGS LIMITED (REGISTERED NUMBER: 01860487) |
Balance Sheet |
31 December 2024 |
2024 | 2023 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Capital redemption reserve |
Retained earnings |
Shareholders' funds |
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. |
GOODALL BARNARD HOLDINGS LIMITED (REGISTERED NUMBER: 01860487) |
Balance Sheet - continued |
31 December 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
GOODALL BARNARD HOLDINGS LIMITED (REGISTERED NUMBER: 01860487) |
Notes to the Financial Statements |
for the year ended 31 December 2024 |
1. | Statutory information |
Goodall Barnard Holdings Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound. |
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. |
Turnover |
Turnover represents amounts receivable for rental income provided in the UK net of VAT and trade discounts and is recognised on an accruals basis. Turnover from the sale of land is recognised on the date of completion. |
Tangible fixed assets |
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. |
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: |
Land and buildings (Freehold) | None land only |
Fixtures, fittings & equipment | 12.5% Reducing balance |
Fixed asset investments |
Fixed asset investments are stated at cost less provision for any permanent diminution in value. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Basic financial assets |
Basic financial assets, which include cash and bank balances, are measured at transaction price including transaction costs. |
Classification of financial liabilities |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Basic financial liabilities |
Basic financial liabilities, including creditors, bank loans, preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. |
GOODALL BARNARD HOLDINGS LIMITED (REGISTERED NUMBER: 01860487) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2024 |
2. | Accounting policies - continued |
Equity instruments |
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
Taxation |
The tax expense represents the sum of the tax currently payable and deferred tax. |
Current tax |
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date. |
Deferred tax |
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Freehold |
property |
£ |
Cost or valuation |
At 1 January 2024 |
and 31 December 2024 |
Net book value |
At 31 December 2024 |
At 31 December 2023 |
If revalued assets were stated on a historical cost rather than a revalued basis, the amount included would have been as follows: |
2024 | 2023 |
£ | £ |
Cost | 11,403 | 11,403 |
5. | Fixed asset investments |
Investments (neither listed nor unlisted) were as follows: |
2024 | 2023 |
£ | £ |
Loan notes | 197,547 | 118,702 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
GOODALL BARNARD HOLDINGS LIMITED (REGISTERED NUMBER: 01860487) |
Notes to the Financial Statements - continued |
for the year ended 31 December 2024 |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Other creditors |
Cumulative Participating £1 Preference Shares - Included in other borrowings. |
i. Entitle holders, in priority to holders of all other classes of shares, to a fixed cumulative preferential dividend at a rate of 2% per annum per share over the base rate of Lloyds TSB Bank plc. |
ii. On a return of capital on a winding-up, or otherwise, will carry the right to repayment of capital together with a sum equal to any arrears or deficiency of dividend; this right is in priority to the rights of the ordinary shareholders. |
iii. Do not carry the right to receive notice of, attend or vote at the general meetings of the company. |
iv. The cumulative preference shares have accumulated a dividend of £36,365 (2023 - £34,066). This is accrued for, as the company has sufficient reserves to cover and the payment of this dividend is more than possible. |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary share capital | 1 | 200 | 200 |