ACCOUNTS - Final Accounts preparation

GLOBAL GOODHEALTH LIMITED - Company Information

Registered number: 05453777

GLOBAL GOODHEALTH LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021


GLOBAL GOODHEALTH LIMITED

CONTENTS

	Page
Balance sheet	1 - 2
Notes to the financial statements	3 - 4


GLOBAL GOODHEALTH LIMITED REGISTERED NUMBER:05453777

BALANCE SHEET

AS AT 30 JUNE 2021

		2021		2020
Note		£		£

Fixed assets
Investments	4		-		102
			-		102
Current assets
Cash at bank and in hand	5	1		1
		1		1
Creditors: amounts falling due within one year	6	(102)		(102)
Net current liabilities			(101)		(101)
Total assets less current liabilities			(101)		1

Net (liabilities)/assets			(101)		1

Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(102)	-
		(101)	1


GLOBAL GOODHEALTH LIMITED REGISTERED NUMBER:05453777

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2021

The director considers 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 director acknowledges his 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 profit and loss account 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:

A Verma

Director

Date: 22 March 2022

The notes on pages 3 to 4 form part of these financial statements.


GLOBAL GOODHEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

1.	General information

Global Goodhealth Limited is a private company, limited by shares, registered in England and Wales, registration number 05453777. The registered office address is 63 Parliament Hill, London, NW3 2TB.

The company has not traded in the year.

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 company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

2.2

Going concern

The director is assessing, on a daily basis, the impact of the significant uncertainty arising from the COVID-19 virus. Whilst the director appreciates there is a significant uncertainty surrounding the future economic climate, the company is well placed to address these impacts. The shareholder has agreed to continue to provide financial support to the company to satisfy its financial obligations for at least 12 months from the date of signature of the financial statements and therefore the accounts have been prepared on a going concern basis.

2.3

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.4

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.

2.5

Creditors

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

2.6

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 related parties and investments in shares.

Employees

The average monthly number of employees, including directors, during the year was 1 (2020 - 1).


GLOBAL GOODHEALTH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

4.	Fixed asset investments

		Unlisted investments
		£

	At 1 July 2020	102
	Amounts written off	(102)
	At 30 June 2021	-

	Net book value
	At 30 June 2021	-
	At 30 June 2020	102

5.	Cash
		2021	2020
		£	£

	Cash at bank and in hand	1	1

6.	Creditors: amounts falling due within one year
		2021	2020
		£	£

	Other creditors	102	102

7.	Share capital
		2021	2020
		£	£

Allotted, called up and fully paid

1 Ordinary share of £1.00	1	1

8.	Related party transactions
	Included within other creditors at the year end is balance totalling £102 (2020 - £102) due to the director. The loan is interest free and repayable on demand.