Goughglen Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01542718 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2016

FOR

GOUGHGLEN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

FIXED ASSETS

Tangible assets

2

124,201

124,202

Investments

3

10,023

134,224

134,225

CURRENT ASSETS

Debtors

249,950

253,747

Cash at bank

14,144

13,668

264,094

267,415

CREDITORS

Amounts falling due within one year

8,786

9,370

NET CURRENT ASSETS

255,308

258,045

TOTAL ASSETS LESS CURRENT
LIABILITIES

389,532

392,270

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

389,432

392,170

SHAREHOLDERS' FUNDS

389,532

392,270

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 24 November 2016 and were signed on its behalf by:

M.W. Seaman-Hill - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small

company.

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 28 February 2016

124,276

DEPRECIATION

At 1 March 2015

74

Charge for year

1

At 28 February 2016

75

NET BOOK VALUE

At 28 February 2016

124,201

At 28 February 2015

124,202

Under the provisions of Statement of Standard Accounting Practice 19, " Accounting for Investment Properties ", the

directors have valued the properties held by the company at 28 February 2016 of £124,196.

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 March 2015

and 28 February 2016

10,023

NET BOOK VALUE

At 28 February 2016

10,023

At 28 February 2015

10,023

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

100

Ordinary

£1

100