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REGISTERED NUMBER: 03238896 (England and Wales)















GOODALL BARNARD PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2024






GOODALL BARNARD PROPERTIES LIMITED (REGISTERED NUMBER: 03238896)

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 PROPERTIES LIMITED

Company Information
for the year ended 31 December 2024







Directors: R H Barnard
D M Whitmarsh





Secretary: D M Whitmarsh





Registered office: Cedar Cottage
Worthy Road
Winchester
SO23 7AG





Registered number: 03238896 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

GOODALL BARNARD PROPERTIES LIMITED (REGISTERED NUMBER: 03238896)

Balance Sheet
31 December 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 44,085 57,345
Investment property 5 1,046,455 1,011,455
1,090,540 1,068,800

Current assets
Debtors 6 29,264 19,739
Cash at bank 855,153 858,272
884,417 878,011
Creditors
Amounts falling due within one year 7 (12,652 ) (10,641 )
Net current assets 871,765 867,370
Total assets less current liabilities 1,962,305 1,936,170

Creditors
Amounts falling due after more than one
year

8

(19,873

)

(19,739

)

Provisions for liabilities (22,652 ) (20,872 )
Net assets 1,919,780 1,895,559

Capital and reserves
Called up share capital 9 2 2
Fair value reserve 182,415 147,415
Retained earnings 1,737,363 1,748,142
Shareholders' funds 1,919,780 1,895,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

GOODALL BARNARD PROPERTIES LIMITED (REGISTERED NUMBER: 03238896)

Balance Sheet - continued
31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 May 2025 and were signed on its behalf by:





D M Whitmarsh - Director


GOODALL BARNARD PROPERTIES LIMITED (REGISTERED NUMBER: 03238896)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Goodall Barnard Properties 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.

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 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 investment properties at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents amounts receivable for rental income and consultancy services provided in the UK net of VAT and trade discounts and is recognised on an accruals basis.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

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 debtors, cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

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 and bank loans are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

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.

GOODALL BARNARD PROPERTIES LIMITED (REGISTERED NUMBER: 03238896)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 January 2024 1,089 80,073 81,162
Additions 1,291 - 1,291
At 31 December 2024 2,380 80,073 82,453
Depreciation
At 1 January 2024 45 23,772 23,817
Charge for year 476 14,075 14,551
At 31 December 2024 521 37,847 38,368
Net book value
At 31 December 2024 1,859 42,226 44,085
At 31 December 2023 1,044 56,301 57,345

5. Investment property
Total
£
Fair value
At 1 January 2024 1,011,455
Revaluations 35,000
At 31 December 2024 1,046,455
Net book value
At 31 December 2024 1,046,455
At 31 December 2023 1,011,455

GOODALL BARNARD PROPERTIES LIMITED (REGISTERED NUMBER: 03238896)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


5. Investment property - continued

The fair value of the investment properties was reviewed by the directors, and based on their knowledge and experience of the property market, are of the view that a reasonable fair value at the year end was £1,046,455 (2023 : £1,011,455).
The historical cost of the properties held is £843,168 (2023 : £843,168). The associated estimated deferred tax arising on the estimated gains has also been accounted for.

Fair value at 31 December 2024 is represented by:
£
Valuation in 2023 168,287
Valuation in 2024 35,000
Cost 843,168
1,046,455

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 29,264 19,739

7. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 10,789 8,918
Other creditors 1,863 1,723
12,652 10,641

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 19,873 19,739

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary share capital 1 2 2