The Goodall Group Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04188297 (England and Wales)

The Goodall Group Limited

Unaudited Financial Statements

For The Year Ended 31 December 2016

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs J M Goodall

J R Goodall

SECRETARY:

Mrs J M Goodall

REGISTERED OFFICE:

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

REGISTERED NUMBER:

04188297 (England and Wales)

ACCOUNTANTS:

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

BANKERS:

Lloyds Bank plc

1 St Nicholas Street

Scarborough

North Yorkshire

YO11 2HW

SOLICITORS:

McCormicks

35 - 37 East Parade

Harrogate

North Yorkshire

HG1 5LQ

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The Goodall Group Limited for the year ended 31 December 2016 which comprise the Income

Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Goodall Group Limited, as a body, in accordance with the terms of our engagement letter dated 18 February 2013. Our work has been undertaken solely to prepare for your approval the financial statements of The Goodall Group Limited and state those matters that we have agreed to state to the Board of Directors of The Goodall Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Goodall Group Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Goodall Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Goodall Group Limited. You consider that The Goodall Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Goodall Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

13 September 2017

FIXED ASSETS

Tangible assets

4

1,043

968

Investments

5

2,804,289

2,804,289

2,805,332

2,805,257

CURRENT ASSETS

Debtors

6

11,060,220

10,821,547

Cash at bank

36,849

14,887

11,097,069

10,836,434

CREDITORS

Amounts falling due within one year

384,840

221,545

NET CURRENT ASSETS

10,712,229

10,614,889

TOTAL ASSETS LESS CURRENT LIABILITIES

13,517,561

13,420,146

PROVISIONS FOR LIABILITIES

8

198

20,193

NET ASSETS

13,517,363

13,399,953

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Share premium

10

7,519,006

7,519,006

Retained earnings

10

5,997,357

5,879,947

SHAREHOLDERS' FUNDS

13,517,363

13,399,953

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 13 September 2017 and were signed on its behalf by:

J R Goodall - Director

1.	STATUTORY INFORMATION

The Goodall Group 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investments in subsidiaries

Investment in subsidiary undertakings are recognised at cost less any provision for impairment in their realisable

value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Group financial statements

The financial statements present information about the company as an individual undertaking only, and not about

its group. Group financial statements are not required as the group qualifies as a small group under section 398

of the Companies Act 2006.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2016

11,889

Additions

514

At 31 December 2016

12,403

DEPRECIATION

At 1 January 2016

10,921

Charge for year

439

At 31 December 2016

11,360

NET BOOK VALUE

At 31 December 2016

1,043

At 31 December 2015

968

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2016

and 31 December 2016

2,804,289

NET BOOK VALUE

At 31 December 2016

2,804,289

At 31 December 2015

2,804,289

The company's investments at the balance sheet date in the share capital of unlisted companies include the

following:

2016

2015

Company Name

Aggregate Capital and Reserves

Profit/(Loss) for the year

Aggregate Capital and Reserves

Profit/(Loss) for the year

£

£

£

£

Alvercroft Limited

2,211,058

129,413

2,081,645

198,557

Dusrolbake Limited

863,329

212,610

650,719

(229,060

)

Ipcrest Properties Limited

36,595

Nil

36,595

Nil

The company holds 100% of the Ordinary share capital of each of the above companies which are all property

development and investment companies, with the exception of Ipcrest Properties Limited which was dormant at

31 December 2016.

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other debtors

8,300,000

9,470,000

7.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank overdrafts

253,344

101,046

8.	PROVISIONS FOR LIABILITIES

2016

2015

£

£

Deferred tax

Accelerated capital allowances

198

194

Annuity

-

19,999

198

20,193

Deferred

tax

Annuity

£

£

Balance at 1 January 2016

194

19,999

Provided during year

4

-

Credit to Income Statement during year

-

(19,999

)

Balance at 31 December 2016

198

-

The annuity provision represents the estimated cost of purchasing an annuity in the open market at the balance

sheet date in respect of the agreement entered into with a former director of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2016

5,879,947

7,519,006

13,398,953

Profit for the year

241,410

241,410

Dividends

(124,000

)

(124,000

)

At 31 December 2016

5,997,357

7,519,006

13,516,363

11.	RELATED PARTY DISCLOSURES

Alvercroft Limited

2016

2015

£

£

Amount due from related party

4,542,844

2,522,187

Dusrolbake Limited

2016

2015

£

£

Amount due from related party

6,517,298

8,299,302

Ipcrest Properties Limited

2016

2015

£

£

Amount due to related party

36,595

36,595

12.	POST BALANCE SHEET EVENTS

Following the year end the company declared interim dividends of £105,000.

13.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J M Goodall, J R Goodall and AW Ingham.

Mrs J M Goodall, J R Goodall and A W Ingham control the shares in The Goodall Group Limited in their

capacity as trustees of the life interest settlement for the benefit of J R Goodall.