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REGISTERED NUMBER: 04086062 (England and Wales)















GOAD HOLDINGS LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






GOAD HOLDINGS LTD. (REGISTERED NUMBER: 04086062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


GOAD HOLDINGS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C T Goad
Miss P A L V Goad
Mrs S Lewin





SECRETARY: Mrs S Lewin





REGISTERED OFFICE: Unit 1 Kirton Business Park
Cleatham Road
Kirton In Lindsey
North Lincolnshire
DN21 4JR





REGISTERED NUMBER: 04086062 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

GOAD HOLDINGS LTD. (REGISTERED NUMBER: 04086062)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 686,094 723,143
Investments 5 209,114 209,114
895,208 932,257

CURRENT ASSETS
Debtors 6 28,440 8,659
Cash at bank 92 -
28,532 8,659
CREDITORS
Amounts falling due within one year 7 89,484 364,732
NET CURRENT LIABILITIES (60,952 ) (356,073 )
TOTAL ASSETS LESS CURRENT LIABILITIES 834,256 576,184

PROVISIONS FOR LIABILITIES 68,649 89,406
NET ASSETS 765,607 486,778

CAPITAL AND RESERVES
Called up share capital 9 1,152 1,152
Share premium 208,014 208,014
Revaluation reserve 10 287,631 306,828
Retained earnings 268,810 (29,216 )
SHAREHOLDERS' FUNDS 765,607 486,778

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.

GOAD HOLDINGS LTD. (REGISTERED NUMBER: 04086062)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:





Mrs S Lewin - Director


GOAD HOLDINGS LTD. (REGISTERED NUMBER: 04086062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Goad Holdings Ltd. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 from management fees, is measured at the fair value of the consideration received or receivable net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from management fees is recognised by reference the month in which the service was performed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost and 2% on cost
Plant and machinery etc - 25% on cost and 15% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

GOAD HOLDINGS LTD. (REGISTERED NUMBER: 04086062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 950,793 604,035 1,554,828
Additions - 46,811 46,811
At 31 December 2024 950,793 650,846 1,601,639
DEPRECIATION
At 1 January 2024 346,410 485,275 831,685
Charge for year 19,069 64,791 83,860
At 31 December 2024 365,479 550,066 915,545
NET BOOK VALUE
At 31 December 2024 585,314 100,780 686,094
At 31 December 2023 604,383 118,760 723,143

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2011 381,848 - 381,848
Cost 568,945 650,846 1,219,791
950,793 650,846 1,601,639

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 209,114
NET BOOK VALUE
At 31 December 2024 209,114
At 31 December 2023 209,114

GOAD HOLDINGS LTD. (REGISTERED NUMBER: 04086062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Amounts owed by group undertakings 28,440 8,659

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts - 5,196
Amounts owed to group undertakings 80,685 317,217
Taxation and social security - 2,175
Other creditors 8,799 40,144
89,484 364,732

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdraft - 5,196

Bank debt is secured by way of a debenture dated 20 April 2011 granting fixed and floating charges over the assets of the company, and by a legal charge over the company's business premises.

In addition, group borrowings are subject to an unlimited cross guarantee agreement between the company and its subsidiary undertakings.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
4,608 Ordinary £0.25 1,152 1,152

10. RESERVES
Revaluation
reserve
£   
At 1 January 2024 306,828
Transfer of amount equivalent
to additional depreciation on
revalued assets (19,197 )

At 31 December 2024 287,631

11. CONSOLIDATED ACCOUNTS

These financial statements are that of Goad Holdings only. No consolidation of accounts have been prepared with the company and its subsidiary.