Good Stewards Limited


Directors	Mr G G Perfect
	Mrs C A Perfect


Company Secretary	Mrs C A Perfect


Registered Address	74 High Street
	Fishguard
	SA65 9AU


Registered Number	01519171 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		431,223		443,863
Investments	5		945,239		945,239
			1,376,462		1,389,102
Current assets
Debtors	6	240,376		237,332
Cash at bank and on hand		87,038		3,362
		327,414		240,694
Creditors amounts falling due within one year	7	(978,599)		(955,439)
Net current assets (liabilities)			(651,185)		(714,745)
Total assets less current liabilities			725,277		674,357
Creditors amounts falling due after one year	8		(13,656)		(15,728)
Net assets			711,621		658,629
Capital and reserves
Called up share capital			228,030		228,030
Profit and loss account			483,591		430,599
Shareholders' funds			711,621		658,629

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 3 September 2025, and are signed on its behalf by:

Mr G G Perfect
Director
Registered Company No. 01519171

Good Stewards Limited

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Interest income
	Interest income is recognised upon receipt.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	50

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. 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.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

2.	Average number of employees
	There were no employees in the years ended 31 March 2025 and 31 March 2024.


		2025		2024
	Average number of employees during the year	0		0

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	290,000
	At 31 March 25	290,000
	Amortisation and impairment
	At 01 April 24	290,000
	At 31 March 25	290,000
	Net book value
	At 31 March 25	-
	At 31 March 24	-

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	631,974
	At 31 March 25	631,974
	Depreciation and impairment
	At 01 April 24	188,111
	Charge for year	12,640
	At 31 March 25	200,751
	Net book value
	At 31 March 25	431,223
	At 31 March 24	443,863

5.	Fixed asset investments
	The company holds 100% of the issued share capital of Cloverton Properties (Cilgerran) Limited, a company incorporated in England & Wales whose trade is the construction of new build dwellings. The accounts of Cloverton Properties (Cilgerran) Limited are prepared to 31 March each year; at 31 March 2025 the aggregate capital and reserves of Cloverton Properties (Cilgerran) Limited were £910,085 (2024 - £882,273). The profit for the year ended 31 March 2025 was £27,812 (2024 - £28,088). The company holds 100% of the issued share capital of Tynewydd Developments Limited, a company incorporated in England & Wales whose trade is the construction of new build dwellings. The accounts of Tynewydd Developments Limited are prepared to 31 December each year; at 31 December 2024 the aggregate capital and reserves of Tynewydd Developments Limited were £1,925,406 (2023 - £1,868,172). The profit for the year ended 31 December 2024 was £57,234 (2023 - £120,254). The company holds 100% of the issued share capital of Derwydd Garage Limited, a company incorporated in England & Wales whose trade is the retail sale of tyres and general motor repairs. The accounts of Derwydd Garage Limited are prepared to 31 January each year; at 31 January 2025 the aggregate capital and reserves of Derwydd Garage Limited were £36,516 (2024 - £34,743). The profit for the year ended 31 January 2025 was £1,733 (2024 - £48,883).

Fixed asset investments

The company holds 100% of the issued share capital of Cloverton Properties (Cilgerran) Limited, a company incorporated in England & Wales whose trade is the construction of new build dwellings.  The accounts of Cloverton Properties (Cilgerran) Limited are prepared to 31 March each year; at 31 March 2025 the aggregate capital and reserves of Cloverton Properties (Cilgerran) Limited were £910,085 (2024 - £882,273).  The profit for the year ended 31 March 2025 was £27,812 (2024 - £28,088).

The company holds 100% of the issued share capital of Tynewydd Developments Limited, a company incorporated in England & Wales whose trade is the construction of new build dwellings.  The accounts of Tynewydd Developments Limited are prepared to 31 December each year; at 31 December 2024 the aggregate capital and reserves of Tynewydd Developments Limited were £1,925,406 (2023 - £1,868,172).  The profit for the year ended 31 December 2024 was £57,234 (2023 - £120,254).

The company holds 100% of the issued share capital of Derwydd Garage Limited, a company incorporated in England & Wales whose trade is the retail sale of tyres and general motor repairs.  The accounts of  Derwydd Garage Limited are prepared to 31 January each year; at 31 January 2025 the aggregate capital and reserves of  Derwydd Garage Limited were £36,516 (2024 - £34,743).  The profit for the year ended 31 January 2025 was £1,733 (2024 - £48,883).

		Total
		£
	Cost or valuation
	At 01 April 24	945,239
	At 31 March 25	945,239
	Net book value
	At 31 March 25	945,239
	At 31 March 24	945,239

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Amounts owed by group undertakings	102,363	52,363
Other debtors	138,013	184,969
Total	240,376	237,332

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,072	1,981
Amounts owed to related parties	938,794	909,794
Taxation and social security	21,878	22,664
Other creditors	11,000	11,000
Accrued liabilities and deferred income	4,855	10,000
Total	978,599	955,439

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	13,656	15,728
Total	13,656	15,728

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Mr G G Perfect	106,971	154,286	205,111	56,146
	106,971	154,286	205,111	56,146


	Since the year end the director has introduced funds to the company.

10.	Related party transactions
	Tynewydd Developments Limited, Cloverton Properties (Cilgerran) Limited and Derwydd Garage Limited are subsidiaries of the company and are therefore related parties. During the year the company was charged by Tynewydd Developments Limited £24,000 (2024 - £nil) in respect of maintenance work. At the balance sheet date the company was owed £102,363 (2024 - £52,363) by Derwydd Garage Limited. At the balance sheet date the company owed Tynewydd Developments Limited £668,273 (2024 - £639,273) and Cloverton Properties (Cilgerran) Limited £270,522 (2024 - £270,522). Home Rent West Wales Limited is company under common control as it's issued share capital is held 100% by Mr & Mrs G G Perfect. During the year the company received rent of £15,000 (2024 - £15,000) from Home Rent West Wales Limited. In addition Home Rent West Wales Limited collected rents on behalf of Good Stewards Limited totalling £16,370 (2024 - £14,667). At the balance sheet date Good Stewards Limited was owed £81,869 (2024 - £77,999) by Home Rent West Wales Limited.

10.

Related party transactions

Tynewydd Developments Limited, Cloverton Properties (Cilgerran) Limited and Derwydd Garage Limited are subsidiaries of the company and are therefore related parties.  During the year the company was charged by Tynewydd Developments Limited £24,000 (2024 - £nil) in respect of maintenance work.

At the balance sheet date the company was owed £102,363 (2024 - £52,363) by Derwydd Garage Limited.

At the balance sheet date the company owed Tynewydd Developments Limited £668,273 (2024 - £639,273) and Cloverton Properties (Cilgerran) Limited £270,522 (2024 - £270,522).

Home Rent West Wales Limited is company under common control as it's issued share capital is held 100% by Mr & Mrs G G Perfect.  During the year the company received rent of £15,000 (2024 - £15,000) from Home Rent West Wales Limited.  In addition Home Rent West Wales Limited collected rents on behalf of Good Stewards Limited totalling £16,370 (2024 - £14,667).  At the balance sheet date Good Stewards Limited was owed £81,869 (2024 - £77,999) by Home Rent West Wales Limited.