| Godfather Investments Limited |
| Registered number: |
04412169 |
| Balance Sheet |
| as at 31 December 2025 |
|
|
Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
4,522,532 |
|
|
2,719,386 |
| Investments |
4 |
|
|
66,325 |
|
|
66,325 |
|
|
|
|
4,588,857 |
|
|
2,785,711 |
|
| Current assets |
| Debtors |
5 |
|
143,182 |
|
|
609,261 |
| Cash at bank |
|
|
267,645 |
|
|
521,717 |
|
|
|
410,827 |
|
|
1,130,978 |
|
| Creditors: amounts falling due within one year |
6 |
|
(3,840,650) |
|
|
(2,866,110) |
|
| Net current liabilities |
|
|
|
(3,429,823) |
|
|
(1,735,132) |
|
| Net assets |
|
|
|
1,159,034 |
|
|
1,050,579 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3 |
|
|
3 |
| Profit and loss account |
|
|
|
1,159,031 |
|
|
1,050,576 |
| Shareholders' funds |
|
|
|
1,159,034 |
|
|
1,050,579 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| R M Barnes |
| Director |
| Approved by the board on 3 September 2026 |
|
| Godfather Investments Limited |
| Notes to the Accounts |
| for the year ended 31 December 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 the total amount, excluding VAT, receivable by the company from its investment properties. |
|
|
Tangible fixed assets |
|
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 at the reporting end date. Any surplus or deficit on revaluation is recognised in the profit and loss account. |
|
|
Investments |
|
Fixed asset investments are initially measured at transaction price including transaction costs, and are subsequently measured at cost less accumulated impairment losses. The directors consider that the specialised nature of the company's investments means it is not practical to measure the investments at fair value. The cost of obtaining independent valuations would be disproportionate to any benefit to the company. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment properties |
| £ |
|
Cost |
|
At 1 January 2025 |
2,719,386 |
|
Additions |
1,803,146 |
|
At 31 December 2025 |
4,522,532 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 December 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
4,522,532 |
|
At 31 December 2024 |
2,719,386 |
|
The freehold investment properties have been valued by Mr R M Barnes (director) at 31st December 2024. In the opinion of the directors the open market value at 31 December 2024 does not differ materially from cost. |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 January 2025 |
66,325 |
|
At 31 December 2025 |
66,325 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
99,315 |
|
24,706 |
|
Other debtors |
43,867 |
|
584,555 |
|
|
|
|
|
|
143,182 |
|
609,261 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
8,935 |
|
100 |
|
Taxation and social security costs |
52,273 |
|
54,515 |
|
Other creditors |
3,779,442 |
|
2,811,495 |
|
|
|
|
|
|
3,840,650 |
|
2,866,110 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
Included within other creditors (note 6) are loans of £451,417 from Piranha Group Holdings Limited (2024: £39,658) and £1,973,612 from Red Barn Developments Ltd (2024: £994,556), companies controlled by Mr R M Barnes. Interest is charged at 5% and the loans are repayable on demand. |
|
|
Included within creditors (note 6) are loans payable to the directors of £1,223,292 (2024: £1,730,450). These loans are interest free and repayable on demand, although it is not anticipated that material loan repayments will be required within 12 months of the balance sheet date. |
|
|
A loan due from a director of £548,291 was repaid in full in the year. Interest was charged at the official rate. |
|
| 8 |
Other information |
|
|
Godfather Investments Limited is a private company limited by shares and incorporated in England. Its registered office is Old Shoyswell Manor Farm, Sheepstreet Lane, Etchingham, East Sussex TN19 7AZ: |