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Company Registration No. 09733757 (England and Wales)
Goodplace Property Limited Unaudited accounts for the year ended 31 December 2024
Goodplace Property Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Goodplace Property Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
981,180 
981,180 
Current assets
Debtors
5
1,364 
1,364 
Cash at bank and in hand
11,642 
15,371 
13,006 
16,735 
Creditors: amounts falling due within one year
6
(549)
(510)
Net current assets
12,457 
16,225 
Total assets less current liabilities
993,637 
997,405 
Creditors: amounts falling due after more than one year
7
(978,463)
(998,072)
Net assets/(liabilities)
15,174 
(667)
Capital and reserves
Called up share capital
8
1,000 
1,000 
Profit and loss account
14,174 
(1,667)
Shareholders' funds
15,174 
(667)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by
Mark Montgomery Director Company Registration No. 09733757
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Goodplace Property Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Goodplace Property Limited is a private company, limited by shares, registered in England and Wales, registration number 09733757. The registered office is 18 The Albany, Ipswich, Suffolk, IP4 2TP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Investment properties are included in the Balance Sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.
Land & buildings
Not depreciated
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
981,180 
3,407 
984,587 
At 31 December 2024
981,180 
3,407 
984,587 
Depreciation
At 1 January 2024
- 
3,407 
3,407 
At 31 December 2024
- 
3,407 
3,407 
Net book value
At 31 December 2024
981,180 
- 
981,180 
At 31 December 2023
981,180 
- 
981,180 
- 4 -
Goodplace Property Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,364 
1,364 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
549 
510 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
830,763 
751,442 
Other creditors
- 
38,930 
Loans from directors
147,700 
207,700 
978,463 
998,072 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -