REGISTERED NUMBER: 09601625 (England and Wales)

Here We Go Again Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K R Newton

REGISTERED OFFICE:

One New Street

Wells

Somerset

BA5 2LA

REGISTERED NUMBER:

09601625 (England and Wales)

ACCOUNTANTS:

Webb & Co Ltd

Accountants and Business Advisers

One New Street

Wells

Somerset

BA5 2LA

FIXED ASSETS

Investment property

4

4,541,750

4,541,750

CURRENT ASSETS

Debtors

5

144,359

165,774

Cash at bank

8,478

9,825

152,837

175,599

CREDITORS

Amounts falling due within one year

6

901,635

944,561

NET CURRENT LIABILITIES

(748,798

)

(768,962

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,792,952

3,772,788

CREDITORS

Amounts falling due after more than one year

7

(2,721,321

)

(2,692,182

)

PROVISIONS FOR LIABILITIES

(398,593

)

(400,000

)

NET ASSETS

673,038

680,606

CAPITAL AND RESERVES

Called up share capital

9

1

1

Fair value reserve

916,206

913,000

Retained earnings

(243,169

)

(232,395

)

SHAREHOLDERS' FUNDS

673,038

680,606

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 director acknowledges his 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.

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 director and authorised for issue on 9 June 2025 and were signed by:

K R Newton - Director

1.	STATUTORY INFORMATION

Here We Go Again 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.

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 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.

Turnover

Rental income from properties are recognised on a straight-line basis over the term of the lease. Rental income is measured at the fair value of the consideration received or receivable, excluding VAT. Incentives granted to tenants, such as rent-free periods, are recognised evenly over the term of the lease. Any service charges and other income related to leased assets are recognised when the related services are performed.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern

Notwithstanding the net current liabilities of £748,698 (2023 - £768,962), the director is satisfied, having made all necessary enquiries, that the going concern basis of preparation remains appropriate. In particular, current liabilities includes £918,229 (2023 -£893,677) due to fellow subsidiaries and will not be called for payment until the company has the means to do so. In making this assessment the director has considered a period of not less than 12 months from the date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

4,541,750

NET BOOK VALUE

At 31 December 2024

4,541,750

At 31 December 2023

4,541,750

If investment properties had not been revalued they would have been included at the following historical cost £3,181,750 (2023 - £3,181,750).

Investment properties were valued on an open market basis on 31 December 2024 by the director.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,410

1,755

Amounts owed by group undertakings

61,507

73,111

Amounts owed by associates

52,600

52,600

Other debtors

27,842

38,308

144,359

165,774

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

7,560

43,065

Trade creditors

513

264

Amounts owed to group undertakings

883,727

893,676

Amounts owed to associates

1,160

-

Other creditors

8,675

7,556

901,635

944,561

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

2,721,321

2,692,182

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

2,692,527

2,692,182

The bank loans are secured as follows:

Legal charge over the property known as Brewery Lodge, 15 Old Brewery Place, Oakhill, BA3 5GG dated 21 June 2022.

Legal charge over the property known as Honeymead, 24 Old Brewery Place, Oakhill, BA3 5GG dated 21 June 2022.

Legal charge over the property known as Worton Grange, 14 Old Brewery Place, Oakhill, BA3 5GG dated 04 July 2022.

Legal charge over the properties known as The Penthouse. 5 Old Brewery Place, Oakhill, BA3 5GG and The Goldings, 18 Old Brewery Place, Oakhill, BA3 5GG dated 21 February 2023.

Legal charge over the property known as 7 Frogmore Street, Bristol, BS1 5NA dated 21 December 2023.

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

£1

1

1