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COMPANY REGISTRATION NUMBER: 05665576

Guildford Intellectual Property Limited

Filleted Unaudited Financial Statements

31 March 2025

Guildford Intellectual Property Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Current assets

Debtors | 6 | 1,888 |  | 2,077
Cash at bank and in hand | 178 |  | 850
| ------- |  | -------
| 2,066 |  | 2,927

Creditors: amounts falling due within one year | 7 | ( 61,549) |  | ( 61,219)
| -------- |  | --------
Net current liabilities |  | ( 59,483) | ( 58,292)
|  | -------- | --------
Total assets less current liabilities |  | ( 59,483) | ( 58,292)
|  | -------- | --------
Net liabilities |  | ( 59,483) | ( 58,292)
|  | -------- | --------

Capital and reserves

Called up share capital |  | 1 | 1
Profit and loss account |  | ( 59,484) | ( 58,293)
|  | -------- | --------
Shareholders deficit |  | ( 59,483) | ( 58,292)
|  | -------- | --------

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.
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 members have 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr P H Broad |
Director |

Company registration number: 05665576

Guildford Intellectual Property Limited

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 and Wales. The address of the registered office is 5 Godalming Business Centre, Woolsack way, Godalming, Surrey, GU7 1XW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 liabilities 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Intangible assets
Intangible assets consist of ownership rights to certain domain names and are stated at cost less amortisation. Amortisation is provided at rates calculated to write off the cost of the fixed asset over its expected useful life. Domain name rights are written off over ten years 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:

| Domain Name Rights | - | 10% 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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either assets, financial liabilities or equity instruments. An equity instruments in contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employees and directors
The average numbers of persons employed by the company during the period, including the directors and key management personnel, was nil (2024: nil).
5. Intangible assets

| Development costs
| £
Cost |
At 1 April 2024 and 31 March 2025 | 37,807
| --------
Amortisation |
At 1 April 2024 and 31 March 2025 | 37,807
| --------
Carrying amount |
At 31 March 2025 | –
| --------
At 31 March 2024 | –
| --------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 1,888 | 2,077
| ------- | -------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 779 | –
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 400 | 7,205
Other creditors | 60,370 | 54,014
| -------- | --------
| 61,549 | 61,219
| -------- | --------

8. Controlling party
Godalming Holdings Limited is regarded by the director as being the company's ultimate parent company. The company’s registered office is 5 Godalming Business Centre, Woolsack Way, Godalming, Surrey, GU7 1XW. The ultimate controlling party is P H Broad.