ACCOUNTS - Final Accounts preparation

FAT GOOSE DEVELOPMENTS LIMITED - Company Information

Caseware UK (AP4) 2020.0.247 2020.0.247 2021-10-312021-10-31true2No description of principal activitytrue2020-11-01false2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10421098 2020-11-01 2021-10-31 10421098 2019-11-01 2020-10-31 10421098 2021-10-31 10421098 2020-10-31 10421098 c:Director1 2020-11-01 2021-10-31 10421098 d:CurrentFinancialInstruments 2021-10-31 10421098 d:CurrentFinancialInstruments 2020-10-31 10421098 d:CurrentFinancialInstruments d:WithinOneYear 2021-10-31 10421098 d:CurrentFinancialInstruments d:WithinOneYear 2020-10-31 10421098 d:ShareCapital 2021-10-31 10421098 d:ShareCapital 2020-10-31 10421098 d:RetainedEarningsAccumulatedLosses 2021-10-31 10421098 d:RetainedEarningsAccumulatedLosses 2020-10-31 10421098 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-10-31 10421098 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2020-10-31 10421098 c:FRS102 2020-11-01 2021-10-31 10421098 c:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 10421098 c:FullAccounts 2020-11-01 2021-10-31 10421098 c:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 10421098 2 2020-11-01 2021-10-31 iso4217:GBP xbrli:pure

Registered number: 10421098

FAT GOOSE DEVELOPMENTS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2021

FAT GOOSE DEVELOPMENTS LIMITED

REGISTERED NUMBER: 10421098

BALANCE SHEET

AS AT 31 OCTOBER 2021

		2021		2020
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	351,814		351,703
Current asset investments	5	50		50
Cash at bank and in hand	6	235,333		337,845
		587,197		689,598
Creditors: amounts falling due within one year	7	(421,274)		(523,203)
Net current assets			165,923		166,395
Total assets less current liabilities			165,923		166,395

Net assets			165,923		166,395

Capital and reserves
Called up share capital	100	100
Profit and loss account	165,823	166,295
	165,923	166,395

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 on 8 April 2022.

G. Fernley

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

FAT GOOSE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

1.	General information

The company is a private company limited by shares and was incorporated in England and Wales. The registered office address of the business is:
Kingsridge House,
601 London Road,
Westcliff on Sea,
Essex,
SS0 9PE.

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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

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.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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FAT GOOSE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

2.Accounting policies (continued)

2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Debtors

					2021	2020
					£	£


Amounts owed by joint ventures and associated undertakings	351,703	351,703
Other debtors	111	-
	351,814	351,703

5.	Current asset investments
		2021	2020
		£	£

Unlisted investments	50	50
	50	50

6.	Cash and cash equivalents
		2021	2020
		£	£

Cash at bank and in hand	235,333	337,845
	235,333	337,845

Page 3

FAT GOOSE DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

7.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Trade creditors	518	2,276
Corporation tax	-	171
Directors loan accounts	254,381	354,381
Other creditors	166,375	166,375
	421,274	523,203

8.	Financial instruments
		2021	2020
		£	£

	Financial assets
	Financial assets measured at fair value through profit or loss	235,333	337,845

Financial assets measured at fair value through profit or loss comprise cash at bank.

9.	Related party transactions
	Debtors includes £351,703 (2020 £351,703) owed by a company in which this company has a shareholding and of which the directors of this company are also directors. Other creditors relates to £166,375 (2020 £166,375) owed to a company in which a director of this company is also the director and shareholder.

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