| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2024 |
| for |
| Godley Property Portfolio Ltd |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2024 |
| for |
| Godley Property Portfolio Ltd |
| Godley Property Portfolio Ltd (Registered number: 12089481) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2024 |
| Page |
| Statement of Financial Position | 1 |
| Notes to the Financial Statements | 3 |
| Godley Property Portfolio Ltd (Registered number: 12089481) |
| Statement of Financial Position |
| 31 July 2024 |
| 31.7.24 | 31.7.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges her 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. |
| Godley Property Portfolio Ltd (Registered number: 12089481) |
| Statement of Financial Position - continued |
| 31 July 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Godley Property Portfolio Ltd (Registered number: 12089481) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2024 |
| 1. | STATUTORY INFORMATION |
| Godley Property Portfolio Ltd is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes. |
| Investment property |
| The investment properties have been stated at cost. The Board do not consider the fair value of the properties to be materially different to the value disclosed. |
| 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Godley Property Portfolio Ltd (Registered number: 12089481) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Going concern |
| The company has net liabilities of £11,066. The accounts have been prepared on a going concern basis as the director has confirmed that she will continue to provide support to the company for the foreseeable future. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 August 2023 |
| Additions |
| At 31 July 2024 |
| NET BOOK VALUE |
| At 31 July 2024 |
| At 31 July 2023 |
| Investment property situated at Apartment 33 and 40, 15 Wolstenholme Square, Liverpool, L14JL is under a charge from Hampshire Trust Bank PLC. The charge was created on 17th June 2022. |
| Investment property situated at 224 Tyntyla Road, Ystrad, Pentre, CF41 7SG is under a charge from Onesavings Bank PLC. The charge was created on 28 March 2024. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.24 | 31.7.23 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.24 | 31.7.23 |
| £ | £ |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.24 | 31.7.23 |
| £ | £ |
| Bank loans |
| Godley Property Portfolio Ltd (Registered number: 12089481) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 July 2024 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 31.7.24 | 31.7.23 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.7.24 | 31.7.23 |
| £ | £ |
| Bank loans |
| The loan amounting to £122,414 is secured by the way of charge on the property situated at Apartment 33 and 40, 15 Wolstenholme Square, Liverpool, L14JL (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 17th June 2022. |
| The loan amounting to £85,387 is secured by the way of charge on the property situated at 224 Tyntyla Road, Ystrad, Pentre, CF41 7SG (disclosed as investment property). The charge was created in the name of Onesavings Bank PLC on 28 March 2024. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.24 | 31.7.23 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RELATED PARTY DISCLOSURES |
| The company was owed £196 (2023: owes to £3,135) from its director, Ms Katherine Anne Lambon who is also a sole shareholder of the company as at accounting year end date. |