Goughglen Limited - Accounts to registrar (filleted) - small 18.2

Goughglen Limited - Accounts to registrar (filleted) - small 18.2

GOUGHGLEN LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.1.5.71 01542718 Board of Directors 1.3.19 28.2.20 28.2.20 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure015427182019-02-28015427182020-02-28015427182019-03-012020-02-28015427182018-02-28015427182018-03-012019-02-28015427182019-02-2801542718ns16:EnglandWales2019-03-012020-02-2801542718ns15:PoundSterling2019-03-012020-02-2801542718ns11:Director12019-03-012020-02-2801542718ns11:PrivateLimitedCompanyLtd2019-03-012020-02-2801542718ns11:SmallEntities2019-03-012020-02-2801542718ns11:AuditExempt-NoAccountantsReport2019-03-012020-02-2801542718ns11:SmallCompaniesRegimeForDirectorsReport2019-03-012020-02-2801542718ns11:SmallCompaniesRegimeForAccounts2019-03-012020-02-2801542718ns11:FullAccounts2019-03-012020-02-2801542718ns11:Director22019-03-012020-02-2801542718ns11:CompanySecretary12019-03-012020-02-2801542718ns11:RegisteredOffice2019-03-012020-02-2801542718ns6:CurrentFinancialInstruments2020-02-2801542718ns6:CurrentFinancialInstruments2019-02-2801542718ns6:ShareCapital2020-02-2801542718ns6:ShareCapital2019-02-2801542718ns6:RevaluationReserve2020-02-2801542718ns6:RevaluationReserve2019-02-2801542718ns6:RetainedEarningsAccumulatedLosses2020-02-2801542718ns6:RetainedEarningsAccumulatedLosses2019-02-2801542718ns6:FurnitureFittings2019-03-012020-02-2801542718ns6:FurnitureFittings2019-02-2801542718ns6:FurnitureFittings2020-02-2801542718ns6:FurnitureFittings2019-02-2801542718ns6:CostValuation2019-02-2801542718ns6:DisposalsRepaymentsInvestments2020-02-2801542718ns6:CostValuation2020-02-2801542718ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-02-2801542718ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-02-2801542718ns6:RevaluationReserve2019-02-28
REGISTERED NUMBER: 01542718 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2020

FOR

GOUGHGLEN LIMITED
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOUGHGLEN LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2020







DIRECTORS: M.W. Seaman-Hill
D. Brown





SECRETARY: M.W. Seaman-Hill





REGISTERED OFFICE: Suite 2, 1st Floor
Fountain House
1A Elm Park
Stanmore
Middlesex
HA7 4AU





REGISTERED NUMBER: 01542718 (England and Wales)





ACCOUNTANTS: Donald Jacobs & Partners
CHARTERED ACCOUNTANTS
Suite 2, Fountain House
1a Elm Park
Stanmore
Middlesex
HA7 4AU
Page 1
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

BALANCE SHEET
28 February 2020

28.2.20 28.2.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3 4
Investments 5 10,000 10,023
Investment property 6 181,131 181,131
191,134 191,158

CURRENT ASSETS
Debtors 7 188,548 245,988
Cash at bank 117,438 51,336
305,986 297,324
CREDITORS
Amounts falling due within one year 8 14,151 19,306
NET CURRENT ASSETS 291,835 278,018
TOTAL ASSETS LESS CURRENT
LIABILITIES
482,969
469,176

PROVISIONS FOR LIABILITIES 11,487 11,487
NET ASSETS 471,482 457,689

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 57,435 57,435
Retained earnings 413,947 400,154
SHAREHOLDERS' FUNDS 471,482 457,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2020 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 notes form part of these financial statements

Page 2 continued...
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

BALANCE SHEET - continued
28 February 2020


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 13 August 2020 and were
signed on its behalf by:





M.W. Seaman-Hill - Director


The notes form part of these financial statements

Page 3
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2020

1. STATUTORY INFORMATION

Goughglen 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2019
and 28 February 2020 80
DEPRECIATION
At 1 March 2019 76
Charge for year 1
At 28 February 2020 77
NET BOOK VALUE
At 28 February 2020 3
At 28 February 2019 4

Page 4 continued...
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2020

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2019 10,023
Disposals (23 )
At 28 February 2020 10,000
NET BOOK VALUE
At 28 February 2020 10,000
At 28 February 2019 10,023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2019
and 28 February 2020 181,131
NET BOOK VALUE
At 28 February 2020 181,131
At 28 February 2019 181,131

Fair value at 28 February 2020 is represented by:

£   
Valuation in 2019 57,435
Cost 123,696
181,131

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.20 28.2.19
£    £   
Other debtors 188,548 245,988

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.20 28.2.19
£    £   
Taxation and social security 4,101 8,856
Other creditors 10,050 10,450
14,151 19,306

Page 5 continued...
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2020

9. RESERVES
Revaluation
reserve
£   
At 1 March 2019
and 28 February 2020 57,435

10. ULTIMATE CONTROLLING PARTY

M. W. Seaman-Hill and D. Brown control the company by virtue of holding 100% of the issued share capital.

Page 6