Goredd Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03627773 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Goredd Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mrs P A Brooke

Mr J P Brooke

Secretary:

Mrs P A Brooke

Registered office:

The Stables

Bryn Eira

Lon Refail

Llanfairpwll

Anglesey

LL61 5AJ

Registered number:

03627773 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Intangible assets

4

-

Tangible assets

5

635,248

637,240

Investment property

6

1,369,000

2,004,248

2,006,240

Current assets

Debtors

7

31,007

6,768

Cash at bank and in hand

55,217

36,968

86,224

43,736

Creditors

Amounts falling due within one year

8

61,751

48,007

Net current assets/(liabilities)

24,473

(4,271

)

Total assets less current liabilities

2,028,721

2,001,969

Provisions for liabilities

9

195,183

195,646

Net assets

1,833,538

1,806,323

Capital and reserves

Called up share capital

100

Share premium

10

155,957

Other reserves

10

765,691

Retained earnings

10

911,790

884,575

1,833,538

1,806,323

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 22 April 2026 and were signed on its behalf by:

Mr J P Brooke - Director

1.	Statutory information

Goredd 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.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

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 provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Revenue from property rental is recognised on an accruals basis.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Single farm payment entitlements are being amortised evenly over their estimated useful life of 5 years.

Tangible fixed assets

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

Freehold land and buildings

-

2% on cost

Fixtures and fittings

-

15% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are initially recorded at cost then subsequently at cost, net of depreciation and any impairment losses.

No depreciation is charged on freehold land, buildings and woodland. The depreciation shown above at 2% on cost relates to fencing.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in fair value is recognised in the Income Statement.

Investment properties are valued on an open market basis by Mr J P Brooke, a director of the company.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 3 (2024 - 3 ) .

4.	Intangible fixed assets

Single

farm

payments

£

Cost

At 1 January 2025

and 31 December 2025

3,304

Amortisation

At 1 January 2025

and 31 December 2025

3,304

Net book value

At 31 December 2025

-

At 31 December 2024

-

5.	Tangible fixed assets

Freehold

Fixtures

land and

and

buildings

Woodland

fittings

£

Cost

At 1 January 2025

577,915

52,683

19,130

Additions

-

134

At 31 December 2025

577,915

52,683

19,264

Depreciation

At 1 January 2025

2,708

-

15,581

Charge for year

139

-

553

At 31 December 2025

2,847

-

16,134

Net book value

At 31 December 2025

575,068

52,683

3,130

At 31 December 2024

575,207

52,683

3,549

Motor

Computer

vehicles

equipment

Totals

£

Cost

At 1 January 2025

21,204

5,527

676,459

Additions

-

785

919

At 31 December 2025

21,204

6,312

677,378

Depreciation

At 1 January 2025

17,430

3,500

39,219

Charge for year

944

1,275

2,911

At 31 December 2025

18,374

4,775

42,130

Net book value

At 31 December 2025

2,830

1,537

635,248

At 31 December 2024

3,774

2,027

637,240

6.	Investment property

Total

£

Fair value

At 1 January 2025

and 31 December 2025

1,369,000

Net book value

At 31 December 2025

1,369,000

At 31 December 2024

1,369,000

7.

Debtors: amounts falling due within one year

31/12/25

31/12/24

£

Trade debtors

25,816

966

Other debtors

5,191

5,802

31,007

6,768

8.

Creditors: amounts falling due within one year

31/12/25

31/12/24

£

Trade creditors

8,736

-

Taxation and social security

19,983

16,081

Other creditors

33,032

31,926

61,751

48,007

9.	Provisions for liabilities

31/12/25

31/12/24

£

Deferred tax

Accelerated capital allowances

1,874

2,337

Other timing differences

193,309

195,183

195,646

Deferred

tax

£

Balance at 1 January 2025

195,646

Credit to Statement of Income and Retained Earnings during
year

(463

)

Balance at 31 December 2025

195,183

10.

Reserves

Under FRS 102 surpluses on the revaluation of investment property are treated as fair value adjustments and are recognised in the statement of income. However under company law, these surpluses are not distributable. In these financial statements, the cumulative non-distributable revaluation surpluses have been included in other reserves. On disposal of an investment property, any revaluation surplus realised on disposal is transferred to distributable reserves.

11.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

31/12/25

31/12/24

£

Mr J P Brooke

Balance outstanding at start of year

-

43,485

Amounts advanced

-

49,200

Amounts repaid

-

(92,685

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Mrs P A Brooke

Balance outstanding at start of year

509

542

Amounts advanced

-

509

Amounts repaid

(509

)

(542

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

509

Loans to directors are unsecured and repayable on demand. The maximum balance outstanding in the period for Mrs P A Brooke was £509.