ACCOUNTS - Final Accounts preparation

Company registration number: 08311923

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	GOODSHELTER PROPERTY COMPANY LIMITED


GOODSHELTER PROPERTY COMPANY LIMITED

COMPANY INFORMATION

Directors	C.L.M. Beck
	M.R.A. Beck


Registered number	08311923


Registered office	Kennedy
	Thurlestone
	Kingsbridge
	Devon
	TQ7 3NP


Accountants	Menzies LLP
	Chartered Accountants
	Magna House
	18-32 London Road
	Staines-Upon-Thames
	TW18 4BP


Bankers	Svenska Handelsbanken
	11 The Crescent
	Plymouth
	Devon
	PL1 3AB


GOODSHELTER PROPERTY COMPANY LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 7


GOODSHELTER PROPERTY COMPANY LIMITED REGISTERED NUMBER:08311923

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		38,366		48,098
Investments	5		6,111,047		6,503,320
			6,149,413		6,551,418
Current assets
Stocks		10,030,530		10,909,530
Debtors: amounts falling due within one year	6	1,445,383		1,374,206
Cash at bank and in hand		237,378		952,470
		11,713,291		13,236,206
Creditors: amounts falling due within one year	7	(5,402,924)		(5,026,070)
Net current assets			6,310,367		8,210,136
Total assets less current liabilities			12,459,780		14,761,554
Provisions for liabilities
Deferred tax		(9,815)		(12,025)
			(9,815)		(12,025)
Net assets			12,449,965		14,749,529

Capital and reserves
Called up share capital	9,018,126	10,824,146
Capital redemption reserve	3,698,040	1,892,020
Profit and loss account	(266,201)	2,033,363
	12,449,965	14,749,529

Page 1


GOODSHELTER PROPERTY COMPANY LIMITED REGISTERED NUMBER:08311923

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

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 income statement 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:

C.L.M. Beck

Director

Date: 5 December 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


GOODSHELTER PROPERTY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Goodshelter Property Company Limited is a private company limited by shares and is incorporated in England and Wales. The registered address is included on the company information page, which is also the principal place of business
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises the sale of properties and incidental rental and other income. The sale and purchase of property is recognised on the date of exchange.

2.3

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 Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 3


GOODSHELTER PROPERTY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

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.

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.

Depreciation is provided on the following basis:

Motor vehicles	-	20%	straight line
Fixtures and fittings	-	20%	straight line
Office equipment	-	33%	straight line

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.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.6

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4


GOODSHELTER PROPERTY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Motor vehicles	Office equipment	Total
	£	£	£
Cost or valuation
At 1 April 2024	55,835	7,225	63,060
Additions	-	2,398	2,398
At 31 March 2025	55,835	9,623	65,458
Depreciation
At 1 April 2024	9,306	5,656	14,962
Charge for the year on owned assets	11,167	963	12,130
At 31 March 2025	20,473	6,619	27,092
Net book value
At 31 March 2025	35,362	3,004	38,366
At 31 March 2024	46,529	1,569	48,098

Page 5


GOODSHELTER PROPERTY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Fixed asset investments

	Investments in subsidiary companies	Other fixed asset investments	Total
	£	£	£
Cost or valuation
At 1 April 2024	6,016,431	925,523	6,941,954
Additions	-	11,807	11,807
Disposals/repayments	-	(383,220)	(383,220)
At 31 March 2025	6,016,431	554,110	6,570,541
Impairment
At 1 April 2024	188,462	250,172	438,634
Charge for the period	-	20,860	20,860
At 31 March 2025	188,462	271,032	459,494
Net book value
At 31 March 2025	5,827,969	283,078	6,111,047
At 31 March 2024	5,827,969	675,351	6,503,320

The accounts present information about the company as an individual undertaking and not about its group, as the company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.

Debtors

					2025	2024
					£	£


Trade debtors	81,653	77,963
Amounts owed by group undertakings	567,232	581,384
Other debtors	602,164	602,164
Prepayments and accrued income	194,334	112,695
	1,445,383	1,374,206

Page 6


GOODSHELTER PROPERTY COMPANY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	22,786	60,032
Amounts owed to group undertakings	4,954,567	4,734,606
Corporation tax	55,720	142,462
Other taxation and social security	29,457	432
Other creditors	200,500	500
Accruals and deferred income	139,894	88,038
	5,402,924	5,026,070

Page 7