Company registration number 14849002 (England and Wales)
GOFAL PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
GOFAL PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GOFAL PROPERTIES LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
4
1,595,128
1,595,128
Current assets
Debtors
5
32,414
7,425
Cash at bank and in hand
185,700
15,799
218,114
23,224
Creditors: amounts falling due within one year
6
(652,949)
(43,188)
Net current liabilities
(434,835)
(19,964)
Total assets less current liabilities
1,160,293
1,575,164
Creditors: amounts falling due after more than one year
7
(1,197,226)
(1,684,538)
Net liabilities
(36,933)
(109,374)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(37,033)
(109,474)
Total equity
(36,933)
(109,374)

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements. true

The financial statements were approved and signed by the director and authorised for issue on 3 July 2026
Mr D Evans
Director
Company registration number 14849002 (England and Wales)
GOFAL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 2 -
1
Accounting policies
Company information

Gofal Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Champion Allwoods Limited, 2nd Floor Refuge House, 33-37 Watergate Row, Chester, CH1 2LE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continues to adopt the going concern basis of accounting in preparing the financial statements. true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received for rental of the investment property.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

GOFAL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
1
1
4
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
1,595,128

The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director at the year end. The director did not consider that the valuation at the year end differed from the valuation when the properties were purchased by the company.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
10,006
7,422
Other debtors
22,408
3
32,414
7,425
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
30,479
26,234
Trade creditors
2,770
2,374
Other creditors
605,000
-
0
Accruals and deferred income
14,700
14,580
652,949
43,188

Within creditors falling due within one year are bank loans which are secured against the investment property owned by the company.

GOFAL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
1,097,226
1,124,538
Other creditors
100,000
560,000
1,197,226
1,684,538

Within creditors due after more than one year are bank loans which are secured against the investment property owned by the company.

Creditors which fall due after five years are as follows:
2026
2025
£
£
Payable by instalments
955,311
997,637
8
Related party transactions

Creditors include amounts owed to related parties of £705,000 (2025: £560,000). These loans are interest free and repayable on demand.

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