REGISTERED NUMBER: 08274528 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GOGO'S WATERFRONT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G F Orlandini

Mrs G L Orlandini

REGISTERED OFFICE:

Racecourse Marina

Maidenhead Road

Windsor

Berkshire

SL4 5HT

REGISTERED NUMBER:

08274528 (England and Wales)

ACCOUNTANTS:

River Thames Accountancy Ltd

Valley View

Newbury Road

Great Shefford

Hungerford

Berkshire

RG17 7EE

FIXED ASSETS

Tangible assets

4

600,000

600,767

CURRENT ASSETS

Debtors

5

6,728

10,147

Cash at bank

429

-

7,157

10,147

CREDITORS

Amounts falling due within one year

6

245,456

219,518

NET CURRENT LIABILITIES

(238,299

)

(209,371

)

TOTAL ASSETS LESS CURRENT LIABILITIES

361,701

391,396

CREDITORS

Amounts falling due after more than one year

7

(172,813

)

(196,318

)

PROVISIONS FOR LIABILITIES

-

(146

)

NET ASSETS

188,888

194,932

CAPITAL AND RESERVES

Called up share capital

30,000

30,000

Revaluation reserve

9

183,040

183,040

Retained earnings

(24,152

)

(18,108

)

SHAREHOLDERS' FUNDS

188,888

194,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 December 2025 and were signed on its behalf by:

G F Orlandini - Director

Mrs G L Orlandini - Director

1.	STATUTORY INFORMATION

Gogo's Waterfront 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced sales of holiday accommodation rentals and management charges. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax.

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 etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

600,000

71,066

671,066

DEPRECIATION

At 1 April 2024

-

70,299

70,299

Charge for year

-

767

767

At 31 March 2025

-

71,066

71,066

NET BOOK VALUE

At 31 March 2025

600,000

-

600,000

At 31 March 2024

600,000

767

600,767

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

2024

If the freehold property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

416,960

416,960

Aggregate depreciation

66,714

58,374

Value of land in freehold land and buildings

350,246

358,586

The freehold property was valued on an open market basis on 31 March 2024 by the Directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

2,217

Amounts owed by associates

-

2,100

Other debtors

6,728

5,830

6,728

10,147

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

26,101

23,792

Trade creditors

10,531

1,028

Amounts owed to associates

168,787

168,728

Taxation and social security

3,352

4,673

Other creditors

36,685

21,297

245,456

219,518

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

172,813

196,318

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

69,178

98,160

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank mortgage loan

192,664

208,411

The mortgage is secured by a charge over the property The Abereistedd, West Parade, Criccieth. The mortgage is also secured by a fixed charge over the property and assets of Gogo's Limited, an associated company.

9.

RESERVES

Revaluation

reserve

£

Property revaluation reserve

183,040

At 31 March 2025

183,040

10.	ULTIMATE CONTROLLING PARTY

Throughout the year, the ultimate controlling parties were the directors, G F Orlandini and Mrs G L Orlandini by virtue of the fact that they controlled all of the issued share capital of the company.