Goodmile Management Ltd - Filleted accounts

Registered number

04212886

Goodmile Management Ltd

Filleted Accounts

31 August 2025

Goodmile Management Ltd
Registered number:		04212886
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		11,804			-
Investments	4		381,629			381,629
			393,433			381,629

Current assets
Stocks		2,544,889			2,435,300
Debtors	5	2,620,950			2,570,560
Cash at bank and in hand		3,221			4,148
		5,169,060			5,010,008

Creditors: amounts falling due within one year	6	(2,094,718)			(2,037,259)

Net current assets			3,074,342			2,972,749

Total assets less current liabilities			3,467,775			3,354,378

Creditors: amounts falling due after more than one year	7		(1,493,966)			(1,465,122)



Net assets			1,973,809			1,889,256

Capital and reserves
Called up share capital			1			1
Revaluation reserve	8		1,891,057			1,781,468
Profit and loss account			82,751			107,787

Shareholders' funds			1,973,809			1,889,256

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




N Chishty
Director
Approved by the board on 28 August 2026

Goodmile Management Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2024	4,260		17,262		21,522
	Additions	14,755		-		14,755
	At 31 August 2025	19,015		17,262		36,277

	Depreciation
	At 1 September 2024	4,260		17,262		21,522
	Charge for the year	2,951		-		2,951
	At 31 August 2025	7,211		17,262		24,473

	Net book value
	At 31 August 2025	11,804		-		11,804


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 September 2024					381,629

	At 31 August 2025					381,629


5	Debtors			2025		2024
£					£

	Amounts owed by group undertakings and undertakings in which the company has a participating interest			2,572,455		2,522,065
	Other debtors			48,495		48,495
				2,620,950		2,570,560


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			40,169		40,258
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			2,020,552		1,963,004
	Taxation and social security costs			18,095		18,095
	Other creditors			15,902		15,902
				2,094,718		2,037,259


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			938,406		924,315
	Other creditors			555,560		540,807
				1,493,966		1,465,122


8	Revaluation reserve			2025		2024
£					£

	At 1 September 2024			1,781,468		1,722,068
	Gain on revaluation of land and buildings			109,589		59,400

	At 31 August 2025			1,891,057		1,781,468


9	Other information

	Goodmile Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Suite H The Old Dutch Barn
	Westend Offices
	Stonehouse
	Glos.
	GL10 3GE