REGISTERED NUMBER: 07461984 (England and Wales)

GOODSHIP INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

697,000

-

Investment property

5

13,582,705

13,582,705

14,279,705

13,582,705

CURRENT ASSETS

Debtors

6

480,371

175,666

Cash at bank

1,106,708

916,618

1,587,079

1,092,284

CREDITORS

Amounts falling due within one year

7

453,402

960,262

NET CURRENT ASSETS

1,133,677

132,022

TOTAL ASSETS LESS CURRENT LIABILITIES

15,413,382

13,714,727

CREDITORS

Amounts falling due after more than one year

8

5,852,065

4,409,616

NET ASSETS

9,561,317

9,305,111

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

9

6,021,759

6,021,759

Retained earnings

3,538,558

3,282,352

SHAREHOLDERS' FUNDS

9,561,317

9,305,111

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.

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 Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

J D Lyles - Director

1.	STATUTORY INFORMATION

Goodship Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07461984

Registered office:

25 Paultons Square

London

SW3 5AP

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.

Going concern

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover represents rents and service charges receivable from the company's investment properties during the year.

Investment properties

Investment properties are shown at fair value. Any aggregate surplus or deficit arising from changes in fair value are recognised in the profit and loss account.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

697,000

At 31 December 2024

697,000

NET BOOK VALUE

At 31 December 2024

697,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

13,582,705

NET BOOK VALUE

At 31 December 2024

13,582,705

At 31 December 2023

13,582,705

The company has a freehold interest in its investment properties subject to the leasehold rights of the various occupiers.

The directors consider the value of the company's interest in its investment properties on an open market basis at 31st December 2024 to be £13,582,705 (2023: £13,582,705.)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

218,130

173,671

Other debtors

262,241

1,995

480,371

175,666

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

80,000

80,000

Trade creditors

7,135

382,460

Taxation and social security

121,321

105,128

Other creditors

244,946

392,674

453,402

960,262

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

4,220,000

3,160,000

Other creditors

1,632,065

1,249,616

5,852,065

4,409,616

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

2,840,000

The bank loan is secured by a charge over the property and other assets of the company.

9.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

6,021,759

Unrealised gains and losses on revaluation of investment property are recognised through the profit or loss account as required by FRS 102.

10.	CONTINGENT LIABILITIES

There were no contingent liabilities not already provided for in these accounts at the balance sheet date.

11.	CAPITAL COMMITMENTS

At the balance sheet date the company had no commitments for capital expenditure.

12.	RELATED PARTY DISCLOSURES

Director's loans - included within creditors is an amount of £1,632,065 (2023: £1,249,616) owed to R J R Keeling. This loan is interest free and repayable in more than one year.

Included within debtors is an amount of £151,688 (2023: £Nil) owed from J D Lyles. Interest is charged on this loan at HMRC approved rates.

The directors have confirmed their intention to continue their financial support to the company for the foreseeable future.