REGISTERED NUMBER: 05940268 (England and Wales)

Financial Statements

for the Year Ended 31st December 2024

for

GO HOMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

O Hookway

SECRETARY:

Miss Z C Instance

REGISTERED OFFICE:

Bonks Hill House, Bonks Hill

High Wych Road

Sawbridgeworth

Hertfordshire

CM21 9HT

REGISTERED NUMBER:

05940268 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

FIXED ASSETS

Tangible assets

4

5,000

5,000

CURRENT ASSETS

Debtors

5

9,567,001

8,013,682

Cash at bank

805,850

285,685

10,372,851

8,299,367

CREDITORS

Amounts falling due within one year

6

10,376,851

1,962,999

NET CURRENT (LIABILITIES)/ASSETS

(4,000

)

6,336,368

TOTAL ASSETS LESS CURRENT LIABILITIES

1,000

6,341,368

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

-

6,340,368

SHAREHOLDERS' FUNDS

1,000

6,341,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st December 2025 and were signed by:

O Hookway - Director

1.	STATUTORY INFORMATION

Go Homes 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

·the Company has transferred the significant risks and rewards of ownership to the buyer;

·the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

·the amount of revenue can be measured reliably;

·it is probable that the Company will receive the consideration due under the transaction; and

·the costs incurred or to be incurred in respect of the transaction can be measured reliably.

The Company recognises turnover in relation to its principal activity, at the point when the legal title has transferred following the completion of legal contracts and clearance of funds.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

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 Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or income as appropriate. The company does not currently apply hedge accounting for interest rate and foreign exchange derivatives.

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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 Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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 balance sheet 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 Balance Sheet.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land

machinery

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

5,000

34,415

39,415

DEPRECIATION

At 1st January 2024

and 31st December 2024

-

34,415

34,415

NET BOOK VALUE

At 31st December 2024

5,000

-

5,000

At 31st December 2023

5,000

-

5,000

The impairment relates to the reduction in land value of the ransom strips.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

9,564,046

8,013,682

Tax

2,955

-

9,567,001

8,013,682

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

16,021

12,419

Amounts owed to group undertakings

10,337,988

1,815,648

Tax

-

90,639

Social security and other taxes

6,529

8,425

Other creditors

10,613

10,868

Accruals and deferred income

5,700

25,000

10,376,851

1,962,999

7.	RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption in Section 33.1A in FRS 102 from the requirement to disclose transactions entered into between wholly owned members of the Group.

During the year ended 31 December 2023 the Company received payments of £615,000 (2023 - 4,510,000) from Sunstone House Developments Limited, a related private limited company, incorporated in England and Wales, relating to Go Planning Ltd costs, a member of the Group of which this Company is part of. At the Balance Sheet date the Company was owed from Sunstone House Development Limited £8,391,506 (2023 - £7,776,506). The company was related through a common Director.

During the year, the Company repaid management charges of £16,976 (2023 - -£30,692) from Heckfords Road Great Bentley Ltd during the period. As a t 31 December 2024, Go Homes Ltd had a debtor balance due within one year with Heckfords Road Great Bentley Ltd of £1.080.952 (2023 - £1,097,928).

8.	ULTIMATE CONTROLLING PARTY

Go Homes Family Ltd holds 100% of the issued share capital of Go Homes Ltd. Go Homes Family Ltd is the parent of the smallest and largest Group for which consolidated financial statements are drawn up. Go Homes Family Ltd has included the Company in its Group financial statements which are publicly available. Go Homes Family Ltd is a private Company limited by shares incorporated in England and Wales. The Company registered number is 06281086. The registered office is Bonks Hill House, High Wych Road, Sawbridgeworth, Hertfordshire, United Kingdom, CM21 9HT.