Company No: 08311923 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	25,701		38,366
Investment property	4	262,599		0
Investments	5	5,867,969		6,111,047
		6,156,269		6,149,413
Current assets
Stocks		10,030,530		10,030,530
Debtors	6	1,351,838		1,445,383
Cash at bank and in hand		212,111		237,378
		11,594,479		11,713,291
Creditors: amounts falling due within one year	7	( 5,150,395)		( 5,402,924)
Net current assets		6,444,084		6,310,367
Total assets less current liabilities		12,600,353		12,459,780
Provision for liabilities		( 6,425)		( 9,815)
Net assets		12,593,928		12,449,965
Capital and reserves
Called-up share capital	8	9,018,126		9,018,126
Capital redemption reserve		3,698,040		3,698,040
Profit and loss account		( 122,238 )		( 266,201 )
Total shareholders' funds		12,593,928		12,449,965

For the financial year ending 31 March 2026 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Goodshelter Property Company Ltd (registered number: 08311923) were approved and authorised for issue by the Board of Directors on 07 October 2026. They were signed on its behalf by:

Mr M R A Beck Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Goodshelter Property Company Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the sale of properties and incidental rental and other income. The sale and purchase of property is recognised on the date of exchange.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles	20 years straight line
Office equipment	33 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Vehicles		Office equipment		Total
	£		£		£
Cost
At 01 April 2025	55,835		9,623		65,458
Disposals	0		( 5,133)		( 5,133)
	0		0		0
At 31 March 2026	55,835		4,490		60,325
Accumulated depreciation
At 01 April 2025	20,473		6,619		27,092
Charge for the financial year	11,167		1,498		12,665
Disposals	0		( 5,133)		( 5,133)
At 31 March 2026	31,640		2,984		34,624
Net book value
At 31 March 2026	24,195		1,506		25,701
At 31 March 2025	35,362		3,004		38,366

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	0
Additions	262,599
As at 31 March 2026	262,599

There has been no independent valuation of investment property in the year. The properties have been valued by the directors.

5. Fixed asset investments

Investments in subsidiaries

	2026
	£
Cost
At 01 April 2025	6,016,431
At 31 March 2026	6,016,431
Provisions for impairment
At 01 April 2025	188,462
At 31 March 2026	188,462
Carrying value at 31 March 2026	5,827,969
Carrying value at 31 March 2025	5,827,969

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2025	554,110		554,110
At 31 March 2026	554,110		554,110
Provisions for impairment
At 01 April 2025	271,032		271,032
Impairment	243,078		243,078
At 31 March 2026	514,110		514,110
Carrying value at 31 March 2026	40,000		40,000
Carrying value at 31 March 2025	283,078		283,078

6. Debtors

	2026		2025
	£		£
Trade debtors	26,358		81,653
Amounts owed by Group undertakings	576,709		567,232
Amounts owed by directors	202,511		0
Prepayments and accrued income	191,775		194,334
Corporation tax	4,485		0
Other debtors	350,000		602,164
	1,351,838		1,445,383

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Trade creditors	29,355		22,786
Amounts owed to Group undertakings	4,949,986		4,954,567
Taxation and social security	31,214		85,177
Other creditors	139,840		340,394
	5,150,395		5,402,924

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
9,018,126 B Ordinary shares of £ 1.00 each	9,018,126		9,018,126

9. Related party transactions

Transactions with the entity's directors

	2026		2025
	£		£
Bought forward	(200,500)		0
Advances	403,011		900,000
Repayments	0		(1,100,500)
Carried forward	202,511		(200,500)

Interest is charged on the above balance at HMRC's approved rates. There is no fixed date of repayment.