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REGISTERED NUMBER: 02215321 (England and Wales)















GOODHART PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOODHART PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr M Hussein
Mrs G Hussein





SECRETARY: Mrs G Hussein





REGISTERED OFFICE: Hale House
Unit 5
296A Green Lanes
Palmers Green
London
N13 5TW





REGISTERED NUMBER: 02215321 (England and Wales)





ACCOUNTANTS: T. PA Accountancy Services Limited
Hale House
Unit 5
296a Green Lanes
Palmers Green
London
N13 5TW

GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 160,000 160,000

CURRENT ASSETS
Debtors 5 - 877
Cash at bank and in hand 6,250 11,093
6,250 11,970
CREDITORS
Amounts falling due within one year 6 1,378 1,464
NET CURRENT ASSETS 4,872 10,506
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,872

170,506

CAPITAL AND RESERVES
Called up share capital 7 2 2
Revaluation reserve 8 72,691 72,691
Retained earnings 8 92,179 97,813
SHAREHOLDERS' FUNDS 164,872 170,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)

BALANCE SHEET - continued
31 MARCH 2025


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 15 May 2025 and were signed on its behalf by:





Mr M Hussein - Director


GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Goodhart 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.

Turnover
Turnover represents gross rental income.

Taxation
Taxation for the year 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 year 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.

Investment properties
The company's properties are held for long-term investment and are included in the Balance Sheet at their open market values. Depreciation is not provided in respect of freehold properties. This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the Accounts may give a true and fair view because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 April 2024
and 31 March 2025 160,000
NET BOOK VALUE
At 31 March 2025 160,000
At 31 March 2024 160,000

The cost/revaluation shown above is not significantly different from the market value as at 31st March 2011.

Cost or valuation at 31 March 2025 is represented by:

Freehold
property
£   
Valuation in 2003 45,190
Valuation in 2004 5,000
Valuation in 2007 22,501
Cost 87,309
160,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors - 877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 500 -
Corporation tax payable - 586
Directors' current accounts 38 38
Accrued expenses 840 840
1,378 1,464

GOODHART PROPERTIES LIMITED (REGISTERED NUMBER: 02215321)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2024 97,813 72,691 170,504
Deficit for the year (5,634 ) (5,634 )
At 31 March 2025 92,179 72,691 164,870

9. RELATED PARTY DISCLOSURES

CONTROLLING PARTY

Mr M Hussein, a director and chairman of the company, controls the company as a result of holding 50% of the ordinary issued share capital of the company.