Company No: 13532779 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.07.2023		31.07.2022
		£		£
Fixed assets
Investments	3	277		175
		277		175
Current assets
Debtors	4	125		125
		125		125
Creditors: amounts falling due within one year	5	( 202)		( 100)
Net current (liabilities)/assets		(77)		25
Total assets less current liabilities		200		200
Net assets		200		200
Capital and reserves
Called-up share capital		200		200
Total shareholders' funds		200		200

Good Time Group Holdings Limited (registered number: 13532779) did not trade during the current financial period and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current financial period and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges 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 Good Time Group Holdings Limited (registered number: 13532779) were approved and authorised for issue by the Director on 19 April 2024. They were signed on its behalf by:

M W Machan 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 period, unless otherwise stated.

General information and basis of accounting

Good Time Group Holdings Limited (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 The Pest House Bedlam Street, Hurstpierpoint, Hassocks, BN6 9EW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 £.

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.

2. Employees

	Year ended 31.07.2023		Period from 27.07.2021 to 31.07.2022
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		2

3. Fixed asset investments

Investments in subsidiaries

	31.07.2023
	£
Cost
At 01 August 2022	175
Additions	102
At 31 July 2023	277
Carrying value at 31 July 2023	277
Carrying value at 31 July 2022	175

4. Debtors

	31.07.2023		31.07.2022
	£		£
Other debtors	125		125

5. Creditors: amounts falling due within one year

	31.07.2023		31.07.2022
	£		£
Amounts owed to Group undertakings	202		100

6. Events after the Balance Sheet date

Peachy Queen Putney Limited, a related party, went into liquidation in August 2023.