Registered number
00857118
George Gooderham (Investments) Limited
Unaudited Filleted Accounts
31 December 2024
George Gooderham (Investments) Limited
Registered number: 00857118
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,150,000 1,000,000
Current assets
Debtors 4 24,000 -
Cash at bank and in hand 196,593 215,225
220,593 215,225
Creditors: amounts falling due within one year 5 (45,547) (49,408)
Net current assets 175,046 165,817
Total assets less current liabilities 1,325,046 1,165,817
Provisions for liabilities (110,714) (73,214)
Net assets 1,214,332 1,092,603
Capital and reserves
Called up share capital 5,000 5,000
Other reserve 6 624,326 511,826
Profit and loss account 585,006 575,777
Shareholders' funds 1,214,332 1,092,603
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G J C Gooderham
Director
Approved by the board on 26 September 2025
George Gooderham (Investments) Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings held as Investment property
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Fair Value
At 1 January 2024 1,000,000
Revaluation 150,000
At 31 December 2024 1,150,000
Historical cost
At 1 January 2024 414,960
At 31 December 2024 414,960
Investments are freehold investment properties carried at fair value as assessed by the directors at the balance sheet date
4 Debtors 2024 2023
£ £
Other debtors 24,000 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 11,278 14,208
Other taxes and social security costs 4,050 6,347
Other creditors 30,219 28,853
45,547 49,408
6 Other reserve 2024 2023
£ £
Representing unrealised profit on Investment property
At 1 January 2024 511,826 511,826
Gain on revaluation of land and buildings 112,500 -
At 31 December 2024 624,326 511,826
7 Related party transactions
At 31 December 2024, the company owed £4,230 to G J C Gooderham (2023: £2,970).
8 Controlling party
The company is a wholly owned subsidiary of George Gooderham and Son Limited a company controlled by G J C Gooderham. The registered office is at Wingfield Hall Diss IP21 5QX
9 Other information
George Gooderham (Investments) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Wingfield Hall
Wingfield
Diss
IP21 5QX
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