Goodgame Properties Limited - Abbreviated accounts 16.1

Goodgame Properties Limited - Abbreviated accounts 16.1

GOODGAME PROPERTIES LIMITED - Company Information

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07564615 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 Preference 1.00000 1.00000 Ordinary 1.00000 Preference 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure075646152015-03-31075646152016-03-31075646152015-04-012016-03-31075646152014-03-31075646152014-04-012015-03-31075646152015-03-3107564615ns14:PoundSterling2015-04-012016-03-3107564615ns7:Director12015-04-012016-03-3107564615ns7:OrdinaryShareClass12015-04-012016-03-3107564615ns7:OrdinaryShareClass22015-04-012016-03-3107564615ns5:PlantMachinery2015-04-012016-03-3107564615ns5:FixturesFittings2015-04-012016-03-3107564615ns5:MotorVehicles2015-04-012016-03-3107564615ns5:ComputerEquipment2015-04-012016-03-3107564615ns7:OrdinaryShareClass12016-03-3107564615ns7:OrdinaryShareClass12015-03-3107564615ns7:OrdinaryShareClass22016-03-3107564615ns7:OrdinaryShareClass22015-03-31
REGISTERED NUMBER: 07564615















GOODGAME PROPERTIES LIMITED

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016






GOODGAME PROPERTIES LIMITED (REGISTERED NUMBER: 07564615)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

GOODGAME PROPERTIES LIMITED (REGISTERED NUMBER: 07564615)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 37,451 2

CURRENT ASSETS
Stocks 356,929 331,243
Debtors 12,603 948
Cash at bank 165,316 34,972
534,848 367,163
CREDITORS
Amounts falling due within one year 244,961 268,833
NET CURRENT ASSETS 289,887 98,330
TOTAL ASSETS LESS CURRENT
LIABILITIES
327,338
98,332

CAPITAL AND RESERVES
Called up share capital 3 250,100 100
Profit and loss account 77,238 98,232
SHAREHOLDERS' FUNDS 327,338 98,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes on pages 3 to 4 form part of these abbreviated accounts

1 continued...
GOODGAME PROPERTIES LIMITED (REGISTERED NUMBER: 07564615)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 8 December 2016 and were
signed on its behalf by:





P R Goodgame - Director


The notes on pages 3 to 4 form part of these abbreviated accounts

2
GOODGAME PROPERTIES LIMITED (REGISTERED NUMBER: 07564615)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable
overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 1,052
Additions 49,985
At 31 March 2016 51,037
DEPRECIATION
At 1 April 2015 1,050
Charge for year 12,536
At 31 March 2016 13,586
NET BOOK VALUE
At 31 March 2016 37,451
At 31 March 2015 2

3 continued...
GOODGAME PROPERTIES LIMITED (REGISTERED NUMBER: 07564615)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100
250,000 Preference £1 250,000 -
250,100 100

250,000 Preference shares of £1 each were allotted and fully paid for cash at par during the
year.

4