61 Godwin Road Freehold Limited - Accounts to registrar (filleted) - small 23.1.2

61 Godwin Road Freehold Limited - Accounts to registrar (filleted) - small 23.1.2

61 GODWIN ROAD FREEHOLD LIMITED - Company Information

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REGISTERED NUMBER: 13624206 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

15TH SEPTEMBER 2021 TO 31ST JANUARY 2023

FOR

61 GODWIN ROAD FREEHOLD LIMITED
61 GODWIN ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 13624206)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 15TH SEPTEMBER 2021 TO 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


61 GODWIN ROAD FREEHOLD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 15TH SEPTEMBER 2021 TO 31ST JANUARY 2023







DIRECTOR: I S Toot





REGISTERED OFFICE: 2 The Links
Herne Bay
Kent
CT6 7GQ





BUSINESS ADDRESS: 2a Sylvan Avenue
Hornchurch
Essex
RM11 2PN





REGISTERED NUMBER: 13624206 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ
Page 1
61 GODWIN ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 13624206)

BALANCE SHEET
31ST JANUARY 2023

Notes £    £   
FIXED ASSETS
Investment property 5 970,000

CURRENT ASSETS
Debtors 6 10,197
Cash at bank 85
10,282
CREDITORS
Amounts falling due within one year 7 110,749
NET CURRENT LIABILITIES (100,467 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
869,533

CREDITORS
Amounts falling due after more than one
year
8
(636,953
)

PROVISIONS FOR LIABILITIES (43,947 )
NET ASSETS 188,633

CAPITAL AND RESERVES
Called up share capital 10 100
Fair value reserve 11 187,353
Retained earnings 1,180
SHAREHOLDERS' FUNDS 188,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7th July 2023 and were signed by:





I S Toot - Director


The notes form part of these financial statements

Page 2
61 GODWIN ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 13624206)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 15TH SEPTEMBER 2021 TO 31ST JANUARY 2023

1. STATUTORY INFORMATION

61 Godwin Road Freehold Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 period 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 period 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 Director and parent company have considered the trading operation of the company for the future. Based on this review and support available to the company, the accounts are prepared on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

Page 3 continued...
61 GODWIN ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 13624206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15TH SEPTEMBER 2021 TO 31ST JANUARY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 738,701
Revaluations 231,299
At 31st January 2023 970,000
NET BOOK VALUE
At 31st January 2023 970,000

Fair value at 31st January 2023 is represented by:
£   
Valuation in 2023 970,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 1,689
Other debtors 8,508
10,197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed to group undertakings 98,509
Taxation and social security 277
Other creditors 11,963
110,749

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Bank loans 636,953

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 636,953

Page 4 continued...
61 GODWIN ROAD FREEHOLD LIMITED (REGISTERED NUMBER: 13624206)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 15TH SEPTEMBER 2021 TO 31ST JANUARY 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 636,953

Fleet Mortgages hold a registered charge over the freehold property at Flat 1, 61 Godwin Road, Cliftonville, Margate, CT9 2HE.

Fleet Mortgages hold a registered charge over the freehold property at Flat 2, 61 Godwin Road, Cliftonville, Margate, CT9 2HE.

Paratus AMC t/a Foundation Home Loans hold a registered charge over the freehold property at Flat 3, 61 Godwin Road, Cliftonville, Margate, CT9 2HE.

Landbay Partners Ltd hold a registered charge over the freehold property at Flat 1, 118 Northdown Road, Cliftonville, Margate, CT9 2RE.

Landbay Partners Ltd hold a registered charge over the freehold property at Flat 2, 118 Northdown Road, Cliftonville, Margate, CT9 2RE.

Landbay Partners Ltd hold a registered charge over the freehold property at Flat 3, 118 Northdown Road, Cliftonville, Margate, CT9 2RE.

Landbay Partners Ltd hold a registered charge over the freehold property at Flat 4, 118 Northdown Road, Cliftonville, Margate, CT9 2RE.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

11. RESERVES
Fair
value
reserve
£   
Revaluation adjustment 187,353

At 31st January 2023 187,353

12. RELATED PARTY DISCLOSURES

Within other debtors are the following transactions:

£3,800, which has been loaned to N & I Holdings Ltd. A company in which Mr Toot owns 50% of the issued share capital.


Within other creditors are the following transactions:

£3,800 which has been loaned by N & I Healthcare Ltd. A company in which Mr Toot is a director.

Page 5