ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 03560825

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	GOODWYNS LIMITED


GOODWYNS LIMITED

COMPANY INFORMATION

Directors	John N Day
	Peter H Madden (resigned 14 July 2024)
	Broadmead Limited
	Samantha C L Day


Company secretary	Sandringham Company Secretaries Limited


Registered number	03560825


Registered office	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


GOODWYNS LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


GOODWYNS LIMITED REGISTERED NUMBER:03560825

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		817		1,957
			817		1,957
Current assets
Debtors: amounts falling due within one year	5	9,728		16,209
Cash at bank and in hand		5,938		-
		15,666		16,209
Creditors: amounts falling due within one year	6	(1,121,215)		(1,030,155)
Net current liabilities			(1,105,549)		(1,013,946)
Total assets less current liabilities			(1,104,732)		(1,011,989)

Net liabilities			(1,104,732)		(1,011,989)

Page 1


GOODWYNS LIMITED REGISTERED NUMBER:03560825

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

		2025		2024
		£		£

Capital and reserves
Called up share capital	2	2
Profit and loss account	(1,104,734)	(1,011,991)
	(1,104,732)	(1,011,989)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

John N Day

Director

Date: 11 November 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2


GOODWYNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Goodwyns Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company's principal place of business is Causeway Business Centre, 158, The Causeway, Petersfield, Hampshire, GU31 4LW.
The Company's functional and presentational currency is GBP and is rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

At the year end the company had net liabilities of £1,104,732 (2024 - £1,011,989). The company is reliant on the support of its parent company Broadmead Limited, the directors of which have confirmed that it will continue to support the company for the forseeable future and will not seek repayment of the loans due to it until the company is in a position to pay.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3


GOODWYNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a straight line method.

Depreciation is provided on the following basis:

Property improvements	-	10% straight line
Plant and machinery	-	25% straight line
Fixtures and fittings	-	25% to 33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 3 (2024 - 4).

Page 4


GOODWYNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Property improvements	Plant and machinery	Fixtures, fittings & equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	87,793	9,697	93,602	191,092
At 31 March 2025	87,793	9,697	93,602	191,092
Depreciation
At 1 April 2024	87,793	9,697	91,645	189,135
Charge for the year on owned assets	-	-	1,140	1,140
At 31 March 2025	87,793	9,697	92,785	190,275
Net book value
At 31 March 2025	-	-	817	817
At 31 March 2024	-	-	1,957	1,957

Debtors

					2025	2024
					£	£


Other debtors	-	7,333
Prepayments and accrued income	9,728	8,876
	9,728	16,209

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank overdrafts	-	9,336
Amounts owed to group undertakings	1,113,506	1,011,906
Other taxation and social security	399	473
Other creditors	3,532	3,538
Accruals and deferred income	3,778	4,902
	1,121,215	1,030,155

Page 5


GOODWYNS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

	Not later than 1 year	6,000	6,000
		6,000	6,000

8.	Controlling party

The company's immediate parent company is Broadmead Limited, a company incorporated in the Isle of Man. The address of the parent's registered office is Ballamona House, Bay View Road, Port St Mary, Isle of Man, IM9 5AJ.
The ultimate controlling party is Mr J N Day.

Page 6