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REGISTERED NUMBER: 08661605 (England and Wales)











Financial Statements

for the Period

1 September 2023 to 30 June 2024

for

GOOD FOR FOOD LIMITED

GOOD FOR FOOD LIMITED (REGISTERED NUMBER: 08661605)






Contents of the Financial Statements
for the Period 1 September 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOOD FOR FOOD LIMITED

Company Information
for the Period 1 September 2023 to 30 June 2024







DIRECTORS: Mr L Selt
Mr W M Selt





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 08661605 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

GOOD FOR FOOD LIMITED (REGISTERED NUMBER: 08661605)

Balance Sheet
30 June 2024

30.6.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 40,181 46,436
Investments 5 27,594 27,594
Investment property 6 12,840,594 11,934,073
12,908,369 12,008,103

CURRENT ASSETS
Debtors 7 117,319 80,651
Cash at bank 77,471 815
194,790 81,466
CREDITORS
Amounts falling due within one year 8 5,205,136 4,772,352
NET CURRENT LIABILITIES (5,010,346 ) (4,690,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,898,023

7,317,217

CREDITORS
Amounts falling due after more than one year 9 (2,173,321 ) (1,659,516 )

PROVISIONS FOR LIABILITIES 10 (493,464 ) (493,464 )
NET ASSETS 5,231,238 5,164,237

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 2,683,230 2,683,230
Retained earnings 2,547,808 2,480,807
SHAREHOLDERS' FUNDS 5,231,238 5,164,237

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

GOOD FOR FOOD LIMITED (REGISTERED NUMBER: 08661605)

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 9 May 2025 and were signed on its behalf by:




Mr L Selt - Director



Mr W M Selt - Director


GOOD FOR FOOD LIMITED (REGISTERED NUMBER: 08661605)

Notes to the Financial Statements
for the Period 1 September 2023 to 30 June 2024

1. STATUTORY INFORMATION

Good For Food 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 (£).


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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

GOOD FOR FOOD LIMITED (REGISTERED NUMBER: 08661605)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 30 June 2024 62,855 7,994 70,849
DEPRECIATION
At 1 September 2023 17,208 7,205 24,413
Charge for period 5,706 549 6,255
At 30 June 2024 22,914 7,754 30,668
NET BOOK VALUE
At 30 June 2024 39,941 240 40,181
At 31 August 2023 45,647 789 46,436

5. FIXED ASSET INVESTMENTS
Other
investme
£   
COST OR VALUATION
At 1 September 2023
and 30 June 2024 27,594
NET BOOK VALUE
At 30 June 2024 27,594
At 31 August 2023 27,594

Cost or valuation at 30 June 2024 is represented by:

Other
investme
£   
Valuation in 2021 27,594
Cost 27,594
55,188

GOOD FOR FOOD LIMITED (REGISTERED NUMBER: 08661605)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 11,934,073
Additions 906,521
At 30 June 2024 12,840,594
NET BOOK VALUE
At 30 June 2024 12,840,594
At 31 August 2023 11,934,073

7. DEBTORS
30.6.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 63,419 34,988
Prepayments and accrued income 8,237 -
71,656 34,988

Amounts falling due after more than one year:
Other debtors 45,663 45,663

Aggregate amounts 117,319 80,651

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 31.8.23
£    £   
Bank loans and overdrafts 89,115 140,027
Trade creditors 460,265 410,954
Amounts owed to group undertakings 12,000 -
Tax 29,284 81,477
VAT 11,649 10,033
Other creditors 2,367,548 1,497,665
Directors' current accounts 2,147,810 2,602,065
Accruals and deferred income 79,465 22,131
Accrued expenses 8,000 8,000
5,205,136 4,772,352

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The loan is secured over the assets of the company.

10. PROVISIONS FOR LIABILITIES
30.6.24 31.8.23
£    £   
Deferred tax 493,464 493,464

GOOD FOR FOOD LIMITED (REGISTERED NUMBER: 08661605)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 30 June 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 493,464
Balance at 30 June 2024 493,464

11. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £2,147,810 (2023: £2,602,065), due and payable to the directors. The amount is interest free and repayable on demand.