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Registration number: 07376361

Godmersham Property Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

(filleted for filing purposes)

 

Godmersham Property Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Godmersham Property Services Limited

Company Information

Directors

Mr SW Taylor

Mrs SH Taylor

Registered office

The New Barn Mill Lane
Eastry
Sandwich
Kent
CT13 0JW

 

Godmersham Property Services Limited

(Registration number: 07376361)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,745

2,053

Current assets

 

Debtors

6

-

3,009

Cash at bank and in hand

 

5,970

17,679

 

5,970

20,688

Creditors: Amounts falling due within one year

7

(35,728)

(51,427)

Net current liabilities

 

(29,758)

(30,739)

Total assets less current liabilities

 

(28,013)

(28,686)

Provisions for liabilities

(332)

(390)

Net liabilities

 

(28,345)

(29,076)

Capital and reserves

 

Retained earnings

(28,345)

(29,076)

Shareholders' deficit

 

(28,345)

(29,076)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 March 2025 and signed on its behalf by:
 

.........................................
Mr SW Taylor
Director

 

Godmersham Property Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The New Barn Mill Lane
Eastry
Sandwich
Kent
CT13 0JW
England

These financial statements were authorised for issue by the Board on 6 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The director's are the company's main creditor and have continued to provide financial support when required. For this reason, and bearing in mind their plans for the future, the directors consider it appropriate that the financial statements be prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Godmersham Property Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

15% reducing balance

Amortisation

Asset class

Amortisation method and rate

Franchise

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Godmersham Property Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

308

361

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

8,782

8,782

At 31 August 2024

8,782

8,782

Depreciation

At 1 September 2023

6,729

6,729

Charge for the year

308

308

At 31 August 2024

7,037

7,037

Carrying amount

At 31 August 2024

1,745

1,745

At 31 August 2023

2,053

2,053

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

2,800

Prepayments

-

209

 

-

3,009

7

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

208

Other related parties

34,612

45,622

Other creditors

 

1,116

5,597

 

35,728

51,427

 

Godmersham Property Services Limited

Notes to the Financial Statements for the Year Ended 31 August 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2