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REGISTERED NUMBER: 10394603 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

GOOSE ESTATES LIMITED

GOOSE ESTATES LIMITED (REGISTERED NUMBER: 10394603)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOOSE ESTATES LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: A J McIntyre





REGISTERED OFFICE: Magma House,16 Davy Court
Castle Mound Way
Rugby
Warwickshire
CV23 0UZ





REGISTERED NUMBER: 10394603 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

GOOSE ESTATES LIMITED (REGISTERED NUMBER: 10394603)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,040,620 1,040,620

CURRENT ASSETS
Cash at bank 16,957 29,149

CREDITORS
Amounts falling due within one year 5 (37,488 ) (784,378 )
NET CURRENT LIABILITIES (20,531 ) (755,229 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,020,089

285,391

CREDITORS
Amounts falling due after more than one
year

6

(717,429

)

(6,856

)
NET ASSETS 302,660 278,535

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 302,657 278,532
SHAREHOLDERS' FUNDS 302,660 278,535

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 May 2025 and were signed by:





A J McIntyre - Director


GOOSE ESTATES LIMITED (REGISTERED NUMBER: 10394603)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Goose Estates Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Magma House, 16 Davy Court, Rugby, CV23 0UZ, and the registered number is 10394603.

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 as modified by the revaluation of certain assets.

The presentation currency of the financial statements is Sterling (£) and the figures are rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of revenue can be measured reliably;
- It is probable that the company will receive the consideration due under the contract;
- The stage of completion of the contract at the end of the reporting period can be measured reliably; and
- The costs incurred and the costs to complete the contract can be measured reliably.

Going concern
At 30 September 2024 the company had net current liabilities of £20,531 (2023: £755,229) and net assets of £302,660 (2023: £278,535). The director has considered this and has prepared the financial statements on a going concern basis. The director is confident that the company will be able to meet its liabilities as they fall due for at least 12 months from the date of signing these accounts and confirms that support will be available if required.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


GOOSE ESTATES LIMITED (REGISTERED NUMBER: 10394603)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Investment property
The company classifies land and buildings as investment property when it is held to earn rentals or for capital appreciation, or both. Investment properties are initially measured at cost, which comprises the purchase price and any directly attributable expenditure. Investment properties are subsequently remeasured to fair value at each reporting date with changes in fair value recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,040,620
NET BOOK VALUE
At 30 September 2024 1,040,620
At 30 September 2023 1,040,620

The director has valued the investment property at the balance sheet date. In his opinion, the open market value at 30 September 2024 is £1,040,620 (2023: £1,040,620).

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,064 751,420
Taxation and social security 9,886 12,564
Other creditors 23,538 20,394
37,488 784,378

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 717,429 6,856

GOOSE ESTATES LIMITED (REGISTERED NUMBER: 10394603)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 721,491 758,276

The bank loan is secured by was legal charge over the company's assets.

8. RELATED PARTY DISCLOSURES

During the year, rental income totalling £84,000 (2023: £84,000) was received from a company of which A J McIntyre exercised common control.

During the year, service charge income totalling £10,557 (2023: £11,684) was received from a company of which A J McIntyre exercised common control.