Godfrey 1 Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11173293 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Godfrey 1 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W W Daniel

Mrs S D Daniel

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

REGISTERED NUMBER:

11173293 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Investment property

4

4,000,000

CURRENT ASSETS

Debtors

5

84,000

Cash at bank

1,040

1,730

85,040

85,730

CREDITORS

Amounts falling due within one year

6

1,156,818

1,152,368

NET CURRENT LIABILITIES

(1,071,778

)

(1,066,638

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,928,222

2,933,362

CREDITORS

Amounts falling due after more than one year

7

(2,619,500

)

(2,619,500

)

PROVISIONS FOR LIABILITIES

(125,000

)

(125,000

)

NET ASSETS

183,722

188,862

CAPITAL AND RESERVES

Called up share capital

9

100

Fair value reserve

10

375,000

Retained earnings

10

(191,378

)

(186,238

)

SHAREHOLDERS' FUNDS

183,722

188,862

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2026 and were signed on its behalf by:

W W Daniel - Director

1.	STATUTORY INFORMATION

Godfrey 1 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are presented in Pounds Sterling (£), which is the Company’s functional and presentation currency.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts 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 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 if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

The following are the critical judgements and key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Investment property is measured at fair value, with changes recognised in profit or loss. The valuation is based on market conditions and may involve the use of external valuers and assumptions regarding yields and rental income. Actual results may differ from these estimates.

Turnover

Turnover represents rental income receivable from investment properties and is recognised on a straight-line basis over the term of the lease.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the Company’s financial position and are satisfied that it has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis. Trading losses were incurred this year, but the company is expected to make profits in the forthcoming years. The directors have also confirmed that they will continue to support the company. On this basis the policy is considered to be reasonable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

4,000,000

NET BOOK VALUE

At 31 January 2026

4,000,000

At 31 January 2025

4,000,000

Fair value at 31 January 2026 is represented by:

£

Valuation in 2023

263,000

Valuation in 2024

237,000

Cost

3,500,000

4,000,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.1.26

31.1.25

£

Cost

3,500,000

The investment property was valued on an open market basis on 31 January 2026 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Prepayments and accrued income

84,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade creditors

847

1,608

Other creditors

1,150,781

1,145,835

Directors' current accounts

-

452

Accrued expenses

5,190

4,473

1,156,818

1,152,368

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

Bank loans - 1-2 years

2,619,500

-

Bank loans - 2-5 years

-

2,619,500

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

Bank loans

2,619,500

The bank loan is secured on the property owned by the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

100

Ordinary

£1

100

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 February 2025

(186,238

)

375,000

188,762

Deficit for the year

(5,140

)

(5,140

)

At 31 January 2026

(191,378

)

375,000

183,622

11.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

12.	RELATED PARTY DISCLOSURES

Stratton Wentworth Limited, a company in which Mr Daniel is also a company director, was owed £694,274 at the year end (2025- £694,274). The balance is unsecured, interest free and repayable on demand.

Taylor Wentworth Limited, a company in which Mr Daniel is also a company director, was owed £270,900 at the year end (2025 £181,954) The balance is unsecured, interest-free and repayable on demand.

Bradfield Wentworth Limited, a company in which Mr Daniel is also a company director, was owed £185,608 at the year end (2025 -£269,608) The balance is unsecured, interest-free and repayable on demand.

No related party transactions with the directors were undertaken during the year.

13.	POST BALANCE SHEET EVENTS

There have been no events after the balance sheet date affecting the Company since the financial period.