Goldhawk Lofts Ltd 31/03/2025 iXBRL

Company registration number: 08937595

Goldhawk Lofts Ltd

Unaudited filleted financial statements

31 March 2025

Goldhawk Lofts Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Goldhawk Lofts Ltd

Directors and other information


	Director	Mr D Goldhawk


	Company number	08937595


	Registered office	Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE

Goldhawk Lofts Ltd

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Goldhawk Lofts Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Goldhawk Lofts Ltd for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Goldhawk Lofts Ltd, as a body, in accordance with the terms of our engagement letter dated 18 December 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Goldhawk Lofts Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goldhawk Lofts Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Goldhawk Lofts Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Goldhawk Lofts Ltd. You consider that Goldhawk Lofts Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Goldhawk Lofts Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

AL5 4EE

12 December 2025

Goldhawk Lofts Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	109,012		136,266
		_________		_________
			109,012		136,266

Current assets
Debtors	7	144,915		123,988
Cash at bank and in hand		27,210		63,587
		_________		_________
		172,125		187,575
Creditors: amounts falling due
within one year	8	( 163,116)		( 190,338)
		_________		_________
Net current assets/(liabilities)			9,009		( 2,763)
			_________		_________
Total assets less current liabilities			118,021		133,503

Creditors: amounts falling due
after more than one year	9		( 51,949)		( 65,613)

Provisions for liabilities			( 28,890)		( 32,260)

			_________		_________
Net assets			37,182		35,630
			_________		_________

Capital and reserves
Called up share capital			6		6
Profit and loss account			37,176		35,624
			_________		_________
Shareholder funds			37,182		35,630
			_________		_________

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 December 2025 , and are signed on behalf of the board by:

Mr D Goldhawk

Director

Company registration number: 08937595

Goldhawk Lofts Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	5 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subseqeunt accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Motor vehicles	-	20 %	reducing balance
Computer equipment	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	30,000	30,000
	_________	_________
Amortisation
At 1 April 2024 and 31 March 2025	30,000	30,000
	_________	_________
Carrying amount
At 31 March 2025	-	-
	_________	_________
At 31 March 2024	-	-
	_________	_________

6. Tangible assets

	Motor vehicles	Computer equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	180,285	6,785	187,070
	_________	_________	_________
Depreciation
At 1 April 2024	45,797	5,007	50,804
Charge for the year	26,898	356	27,254
	_________	_________	_________
At 31 March 2025	72,695	5,363	78,058
	_________	_________	_________
Carrying amount
At 31 March 2025	107,590	1,422	109,012
	_________	_________	_________
At 31 March 2024	134,488	1,778	136,266
	_________	_________	_________

7. Debtors

	2025	2024
	£	£
Trade debtors	74,673	62,976
Other debtors	70,242	61,012
	_________	_________
	144,915	123,988
	_________	_________

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	18,329	18,329
Trade creditors	-	20,548
Corporation tax	73,488	36,722
Social security and other taxes	67,991	111,595
Other creditors	3,308	3,144
	_________	_________
	163,116	190,338
	_________	_________

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Corporation tax	51,949	65,613
	_________	_________

10. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr D Goldhawk	( 644)	( 64)	( 708)
		_________	_________	_________

2024
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr D Goldhawk	( 25)	( 619)	( 644)
		_________	_________	_________

11. Related party transactions

During the period ended 31 March 2025, the company received goods and services with a value of £61,500 (2024 - £90,030) from Ridge Scaffolding Company Ltd, a company in which Mr D Goldhawk is a director and shareholder. The company also provided a loan to Ridge Scaffolding Company Ltd of £3,430 (2024 - £26,815). At 31 March 2025, there was a balance due from Ridge Scaffolding Company Ltd of £30,245 (2024 - £26,815).During the period ended 31 March 2025, the company provided a loan of £5,800 (2024 - £33,823) to Black Horse Hospitality Ltd, a company in which Mr D Goldhawk is a director and shareholder. At 31 March 2025 there was a balance due from Black Horse Hospitality Ltd of £39,623 (2024 - £33,823).