REGISTERED NUMBER: 11495994 (England and Wales)

Financial Statements

for the Year Ended 31st December 2024

for

GO HOLDINGS (SCHOOL LANE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

O Hookway

REGISTERED OFFICE:

Bonks Hill House

High Wych Road

Sawbridgeworth

Hertfordshire

CM21 9HT

REGISTERED NUMBER:

11495994 (England and Wales)

ACCOUNTANTS:

Attenboroughs (Accountants) Limited

Chartered Certified Accountants

1 Tower House

Tower Centre

Hoddesdon

Hertfordshire

EN11 8UR

CURRENT ASSETS

Stocks

3

985,234

4,871,292

Debtors

4

4,112,815

2,542,253

5,098,049

7,413,545

CREDITORS

Amounts falling due within one year

5

5,098,048

7,413,544

NET CURRENT ASSETS

1

1

TOTAL ASSETS LESS CURRENT LIABILITIES

1

1

CAPITAL AND RESERVES

Called up share capital

1

1

SHAREHOLDERS' FUNDS

1

1

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 Holdings (School Lane) Limited 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.

Revenue

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

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

The cost in relation to work in progress comprises direct materials and labour costs along with attributable overheads and capitalised borrowing costs. The capitalisation of borrowing costs are those costs that are directly attributable to the acquisition or construction of the qualifying asset of stock. These are those borrowing costs that would have been avoided if the expenditure on the qualifying asset had not been made.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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, loans to related parties and investments in ordinary shares.

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.

Taxation

Taxation for the year comprises current and deferred tax. 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.

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.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3.

STOCKS

31/12/24

31/12/23

£

£

Work-in-progress

985,234

4,871,292

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

4,112,815

2,542,253

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

1,000

5,500

Amounts owed to group undertakings

5,097,048

7,408,044

5,098,048

7,413,544

6.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/12/23

£

£

The bank loans are secured by a fixed and floating charge over the Company's work in progress. These were satisfied on 17 November 2023. These loans also include personal guarantees provided by the main shareholder of the ultimate parent Company.

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 2024 the Company made payments of £572,858 (2023 - £572,858) on behalf of Sunstone House Development 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 £4,057,738 (2023 - £2,487,177). The company was related through a common Director.

8.	ULTIMATE CONTROLLING PARTY

Go Homes Family Ltd holds 100% of the issued share capital of Go Holdings (School Lane) 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.