Goss Property Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10621424 (England and Wales)

Goss Property Services Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P S Goss

Mrs S J Goss

REGISTERED OFFICE:

Delta 606

Delta Office Park

Swindon

Wiltshire

SN5 7XF

REGISTERED NUMBER:

10621424 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Tangible assets

4

217

248

Investment property

5

250,000

250,217

250,248

CURRENT ASSETS

Debtors

6

1,245

Cash at bank

68,543

17,486

69,788

18,731

CREDITORS

Amounts falling due within one year

7

(24,011

)

(1,480

)

NET CURRENT ASSETS

45,777

17,251

TOTAL ASSETS LESS CURRENT
LIABILITIES

295,994

267,499

CREDITORS

Amounts falling due after more than one
year

8

(248,366

)

(216,942

)

PROVISIONS FOR LIABILITIES

(10,099

)

(10,099

)

NET ASSETS

37,529

40,458

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

37,429

40,358

SHAREHOLDERS' FUNDS

37,529

40,458

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr P S Goss - Director

Mrs S J Goss - Director

1.	STATUTORY INFORMATION

Goss Property Services Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Statement of Income and Retained Earnings, 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 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

property

£

COST

At 1 March 2024

and 28 February 2025

310

DEPRECIATION

At 1 March 2024

62

Charge for year

31

At 28 February 2025

93

NET BOOK VALUE

At 28 February 2025

217

At 29 February 2024

248

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

250,000

NET BOOK VALUE

At 28 February 2025

250,000

At 29 February 2024

250,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2022

225,000

Valuation in 2023

25,000

250,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

196,846

The investment property was valued on a fair value basis on 28 February 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

1,245

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

84

Other creditors

23,927

1,396

24,011

1,480

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

144,621

143,197

Other creditors

103,745

73,745

248,366

216,942

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

144,621

143,197

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

10.

RESERVES

Included within retained earnings is £37,706 which is undistributable. This amount represents the difference between the fair value at the reporting date and the cost at initial recognition of the investment property, after taking into account any relevant deferred tax liability.

11.	RELATED PARTY DISCLOSURES

The company has a loan owed to a company under the common control of the director, Mr P Goss, As at 28th February 2025 this loan stood at £102,600 (2024: £72,600).

No interest is charged on the loan and it is repayable on demand.