Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 No description of principal activity false false 4 2024-01-01 4 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02509506 2024-01-01 2024-12-31 02509506 2023-01-01 2023-12-31 02509506 2024-12-31 02509506 2023-12-31 02509506 2023-01-01 02509506 c:Director1 2024-01-01 2024-12-31 02509506 d:Buildings 2024-01-01 2024-12-31 02509506 d:Buildings 2024-12-31 02509506 d:Buildings 2023-12-31 02509506 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02509506 d:PlantMachinery 2024-01-01 2024-12-31 02509506 d:PlantMachinery 2024-12-31 02509506 d:PlantMachinery 2023-12-31 02509506 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02509506 d:MotorVehicles 2024-01-01 2024-12-31 02509506 d:MotorVehicles 2024-12-31 02509506 d:MotorVehicles 2023-12-31 02509506 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02509506 d:FurnitureFittings 2024-01-01 2024-12-31 02509506 d:FurnitureFittings 2024-12-31 02509506 d:FurnitureFittings 2023-12-31 02509506 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02509506 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02509506 d:FreeholdInvestmentProperty 2024-12-31 02509506 d:FreeholdInvestmentProperty 2023-12-31 02509506 d:FreeholdInvestmentProperty 3 2024-01-01 2024-12-31 02509506 d:CurrentFinancialInstruments 2024-12-31 02509506 d:CurrentFinancialInstruments 2023-12-31 02509506 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02509506 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02509506 d:ShareCapital 2024-01-01 2024-12-31 02509506 d:ShareCapital 2024-12-31 02509506 d:ShareCapital 2023-01-01 2023-12-31 02509506 d:ShareCapital 2023-12-31 02509506 d:ShareCapital 2023-01-01 02509506 d:SharePremium 2024-01-01 2024-12-31 02509506 d:SharePremium 2024-12-31 02509506 d:SharePremium 2023-01-01 2023-12-31 02509506 d:SharePremium 2023-12-31 02509506 d:SharePremium 2023-01-01 02509506 d:RevaluationReserve 2024-01-01 2024-12-31 02509506 d:RevaluationReserve 2024-12-31 02509506 d:RevaluationReserve 2023-01-01 2023-12-31 02509506 d:RevaluationReserve 2023-12-31 02509506 d:RevaluationReserve 2023-01-01 02509506 d:InvestmentPropertiesRevaluationReserve 2024-01-01 2024-12-31 02509506 d:OtherMiscellaneousReserve 2024-01-01 2024-12-31 02509506 d:OtherMiscellaneousReserve 2024-12-31 02509506 d:OtherMiscellaneousReserve 2023-01-01 2023-12-31 02509506 d:OtherMiscellaneousReserve 2023-12-31 02509506 d:OtherMiscellaneousReserve 2023-01-01 02509506 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 02509506 d:RetainedEarningsAccumulatedLosses 2024-12-31 02509506 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 02509506 d:RetainedEarningsAccumulatedLosses 2023-12-31 02509506 d:RetainedEarningsAccumulatedLosses 2023-01-01 02509506 c:FRS102 2024-01-01 2024-12-31 02509506 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02509506 c:FullAccounts 2024-01-01 2024-12-31 02509506 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02509506 2 2024-01-01 2024-12-31 02509506 5 2024-01-01 2024-12-31 02509506 6 2024-01-01 2024-12-31 02509506 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02509506 GOODSELL KENT LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
GOODSELL KENT LIMITED REGISTERED NUMBER: 02509506 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 72,970 |  | 74,555
Investment property | 6 |  | 3,595,184 |  | 3,701,372
|  |  | 3,668,154 |  | 3,775,927
Current assets |  |  |  |  |
Stocks |  | 131,865 |  | 10,620 |
Debtors: amounts falling due within one year | 7 | 115,968 |  | 96,587 |
Cash at bank and in hand |  | 1,575,106 |  | 1,731,930 |
|  | 1,822,939 |  | 1,839,137 |
Creditors: amounts falling due within one year | 8 | (111,591) |  | (187,007) |
Net current assets |  |  | 1,711,348 |  | 1,652,130
Total assets less current liabilities |  |  | 5,379,502 |  | 5,428,057
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (175,299) |  | (177,039) |
|  |  | (175,299) |  | (177,039)
Net assets |  |  | 5,204,203 |  | 5,251,018
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 28,952 |  | 28,952
Share premium account | 9 |  | 144,760 |  | 144,760
Revaluation reserve | 9 |  | 31,586 |  | 32,376
Fair value reserves | 9 |  | 1,564,550 |  | 1,564,550
Profit and loss account | 9 |  | 3,434,355 |  | 3,480,380
|  |  | 5,204,203 |  | 5,251,018
Page 1
GOODSELL KENT LIMITED REGISTERED NUMBER: 02509506 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Mr J H Goodsell
Director
Date: 17 September 2025
The notes on pages 4 to 10 form part of these financial statements. Page 2
GOODSELL KENT LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024
| Called up share capital | Share premium account | Revaluation reserve | Fair value reserves | Profit and loss account | Total equity
| £ | £ | £ | £ | £ | £
At 1 January 2023 | 28,952 | 144,760 | 33,166 | 1,564,550 | 3,278,878 | 5,050,306
Comprehensive income for the year |  |  |  |  |  |
Profit for the year | - | - | - | - | 239,797 | 239,797
Total comprehensive income for the year | - | - | - | - | 239,797 | 239,797
Contributions by and distributions to owners |  |  |  |  |  |
Dividends: Equity capital | - | - | - | - | (39,085) | (39,085)
Transfer to/from profit and loss account | - | - | (790) | - | 790 | -
Total transactions with owners | - | - | (790) | - | (38,295) | (39,085)
At 1 January 2024 | 28,952 | 144,760 | 32,376 | 1,564,550 | 3,480,380 | 5,251,018
Comprehensive income for the year |  |  |  |  |  |
Loss for the year | - | - | - | - | (7,730) | (7,730)
Total comprehensive income for the year | - | - | - | - | (7,730) | (7,730)
Contributions by and distributions to owners |  |  |  |  |  |
Dividends: Equity capital | - | - | - | - | (39,085) | (39,085)
Transfer to/from profit and loss account | - | - | (790) | - | 790 | -
Total transactions with owners | - | - | (790) | - | (38,295) | (39,085)
At 31 December 2024 | 28,952 | 144,760 | 31,586 | 1,564,550 | 3,434,355 | 5,204,203
Page 3
GOODSELL KENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Goodsell Kent Limited is a private Company limited by shares incorporated in England and Wales in the United Kingdom. The address of the registered office is 1 Fisher Street, Maidstone, Kent, ME14 2RQ. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3). The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £1. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements are prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company's ability to continue as a going concern.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
GOODSELL KENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 5
GOODSELL KENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful lives range as follows:
|  |  |  | Freehold property | - | 50 | years
|  |  |  | Plant and machinery | - | 5 | years
|  |  |  | Motor vehicles | - | 4 | years
|  |  |  | Fixtures and fittings | - | 5 | years
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.9 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.10 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Page 6
GOODSELL KENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.15 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.16 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
No significant judgements have been made by management in preparing these financial statements. Page 7
GOODSELL KENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Employees
| The average monthly number of employees, including directors, during the year was 4 (2023 - 4).
5. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Motor vehicles | Fixtures and fittings | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2024 | 86,963 | 4,966 | 26,635 | 1,850 | 120,414
| At 31 December 2024 | 86,963 | 4,966 | 26,635 | 1,850 | 120,414
| Depreciation |  |  |  |  |
| At 1 January 2024 | 12,738 | 4,966 | 26,635 | 1,520 | 45,859
| Charge for the year on owned assets | 1,420 | - | - | 165 | 1,585
| At 31 December 2024 | 14,158 | 4,966 | 26,635 | 1,685 | 47,444
| Net book value |  |  |  |  |
| At 31 December 2024 | 72,805 | - | - | 165 | 72,970
| At 31 December 2023 | 74,225 | - | - | 330 | 74,555
Cost or valuation at 31 December 2024 is as follows:
|  |  | Land and buildings
|  |  | £
|  | At cost | 47,479
|  | At valuation: |
|  | 2016 | 39,484
|  |  | 86,963
Page 8
GOODSELL KENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 5.Tangible fixed assets (continued)
| If the land and buildings had not been included at valuation they would have been included under the historical cost convention as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cost | 47,479 | 47,479
| Accumulated depreciation | (6,260) | (5,630)
| Net book value | 41,219 | 41,849
6. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 January 2024 | 3,701,372
| Transfers between classes | (106,188)
| At 31 December 2024 | 3,595,184
The 2024 valuations were made by Mr J H Goodsell, a director, on an open market value for existing use basis.
7. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 42,361 | 26,480
| Other debtors | 4,346 | 1,218
| Prepayments and accrued income | 69,261 | 68,889
|  | 115,968 | 96,587
Page 9
GOODSELL KENT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 10,711 | 9,770
| Other taxation and social security | 10,407 | 77,686
| Other creditors | 10,475 | 9,445
| Accruals and deferred income | 79,998 | 90,106
|  | 111,591 | 187,007
9. | Reserves
Share premium account The share premium account is formed of the premium paid for new shares above their nominal value. It is a statutory reserve which forms part of a Company's non-distributable reserves. Revaluation reserve The reserve is made up of the accumulated revaluations of the freehold property. Fair value reserve The fair value reserve is made up of the accumulated revaluations of the investment properties on a market value basis, less any deferred tax adjustments. Profit and loss account The profit and loss account is the cumulative profits (for all periods to date) which have been retained by the Company and not distributed to the shareholders as dividends.
10. | Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,753 (2023 - £2,415). Contributions totaling £1,120 (2023 - £90) were payable to the fund at the balance sheet date and are included in creditors.
Page 10