Goudie Projects Limited Company accounts

COMPANY REGISTRATION NUMBER: 07740852

Goudie Projects Limited

Unaudited Financial Statements

31 August 2025

Goudie Projects Limited

Financial Statements

Year ended 31st August 2025

Contents	Page

Directors' Report	1

Statement of Income and Retained Earnings	2

Statement of Financial Position	3

Notes to the Financial Statements	5

The Following Pages Do Not Form Part of the Financial Statements

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements	12

Goudie Projects Limited

Directors' Report

Year ended 31st August 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2025 .

Directors

The directors who served the company during the year were as follows:

Mrs M Goudie
Mr J Goudie
Mr A Goudie

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 29 May 2029 and signed on behalf of the board by:

Mrs M Goudie

Director

Trading address:

42 Saxon Close

Stratford upon Avon

Warwickshire

CV37 7DX

Goudie Projects Limited

Statement of Income and Retained Earnings

Year ended 31st August 2025

	2025	2024
Note	£	£
Turnover	–	15,001

	----	---------
Gross Profit	–	15,001

Administrative expenses	( 10,805)	4,979
Other operating income	18,083	17,705
	---------	---------
Operating Profit	7,278	37,685

Interest payable and similar expenses		( 4,818)	( 5,330)
		---------	---------
Profit Before Taxation	4	2,460	32,355

Tax on profit	( 467)	( 5,850)
	-------	---------
Profit for the Financial Year and Total Comprehensive Income	1,993	26,505
	-------	---------

All the activities of the company are from continuing operations.

Goudie Projects Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed Assets

Investments	6		275,000	278,000

Current Assets

Debtors	7	921	803
Cash at bank and in hand		1,144	5,433
		-------	-------
		2,065	6,236

Creditors: amounts falling due within one year	8	( 116,886)		( 119,077)
		----------		----------
Net Current Liabilities			( 114,821)	( 112,841)
			----------	----------
Total Assets Less Current Liabilities			160,179	165,159

Creditors: amounts falling due after more than one year	9		( 75,281)	( 81,684)

Provisions

Taxation including deferred tax	( 1,793)	( 2,363)
	----------	----------
Net Assets	83,105	81,112
	----------	----------

Capital and Reserves

Called up share capital	10	107	107
Profit and loss account		82,998	81,005
		---------	---------
Shareholders Funds		83,105	81,112
		---------	---------

These financial statements have been prepared 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'.

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Goudie Projects Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 29 May 2029 , and are signed on behalf of the board by:

Mrs M Goudie

Director

Company registration number: 07740852

Goudie Projects Limited

Notes to the Financial Statements

Year ended 31st August 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 Emstrey House North, Shrewsbury Business Park, Shrewsbury, SY2 6LG.

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 presented in sterling which is the functional currency of the company and rounded to the nearest £.

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue Recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and 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. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, 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.

Tangible Assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent 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:

	Equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of Fixed Assets

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 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

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, which the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

4. Profit Before Taxation

Profit before taxation is stated after charging/crediting:

	2025	2024
	£	£
Depreciation of tangible assets	–	400
Fair value adjustments to investment property	3,000	( 14,000)
	-------	---------

5. Tangible Assets

	Equipment	Total
	£	£
Cost
At 1st September 2024 and 31st August 2025	7,151	7,151
	-------	-------
Depreciation
At 1st September 2024 and 31st August 2025	7,151	7,151
	-------	-------
Carrying amount
At 31st August 2025	–	–
	-------	-------
At 31st August 2024	–	–
	-------	-------

6. Investments

	Other investments other than loans
	£
Cost
At 1st September 2024	278,000
Revaluations	( 3,000)
	----------
At 31st August 2025	275,000
	----------
Impairment
At 1st September 2024 and 31st August 2025	–
	----------

Carrying amount
At 31st August 2025	275,000
	----------
At 31st August 2024	278,000
	----------

On 31st August 2025 the investment properties were revalued by Mrs M Goudie , a director of the company on an open market value basis in the sum of £275,000.

7. Debtors

	2025	2024
	£	£
Other debtors	921	803
	----	----

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	1,195	1,080
Corporation tax	1,036	3,563
Other creditors	114,655	114,434
	----------	----------
	116,886	119,077
	----------	----------

The bank loan is secured against assets of the company.

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

	2025	2024
	£	£
Bank loans and overdrafts	75,281	81,684
	---------	---------

Included within creditors falling due after more than one year is an amount of £75,281 (2024 - £81,684) in respect of liabilities which fall due for payment after more than one year from the balance sheet date.

The bank loan is secured against assets of the company.

10. Called Up Share Capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
Ordinary A shares of £ 1 each	5	5	5	5
Ordinary B shares of £ 1 each	1	1	1	1
Ordinary C shares of £ 1 each	1	1	1	1
	----	----	----	----
	107	107	107	107
	----	----	----	----

11. Directors' Advances, Credits and Guarantees

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

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs M Goudie	( 38,523)	( 1,156)	–	( 39,679)
Mr J Goudie	( 37,782)	( 156)	–	( 37,938)
Mr A Goudie	( 37,402)	( 312)	1,000	( 36,714)
	----------	-------	-------	----------
	( 113,707)	( 1,624)	1,000	( 114,331)
	----------	-------	-------	----------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs M Goudie	( 38,367)	( 156)	–	( 38,523)
Mr J Goudie	( 37,626)	( 156)	–	( 37,782)
Mr A Goudie	( 37,090)	( 312)	–	( 37,402)
	----------	----	----	----------
	( 113,083)	( 624)	–	( 113,707)
	----------	----	----	----------

The non-interest bearing loans are repayable on demand

Goudie Projects Limited

Management Information

Year ended 31st August 2025

The Following Pages Do Not Form Part of the Financial Statements.

Goudie Projects Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Goudie Projects Limited

Year ended 31st August 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 Goudie Projects Limited for the year ended 31st August 2025, which comprise the statement of income and retained earnings, statement of financial position and the 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 www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Goudie Projects Limited, as a body, in accordance with the terms of our engagement letter dated 12th April 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Goudie Projects Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goudie Projects Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Goudie Projects Limited 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 Goudie Projects Limited. You consider that Goudie Projects Limited 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 Goudie Projects Limited. 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.

CONTRACTOR TAXATION SERVICES LTD Chartered Accountants

Emstrey House (North) Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG

29 May 2026