ACCOUNTS - Final Accounts preparation

GODMOTHER LONDON LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2018-03-312018-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueAdvertisingfalse2017-02-01Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost. 10594685 2017-01-31 10594685 2017-02-01 2018-03-31 10594685 2018-03-31 10594685 c:Director1 2017-02-01 2018-03-31 10594685 d:CurrentFinancialInstruments 2018-03-31 10594685 d:CurrentFinancialInstruments d:WithinOneYear 2018-03-31 10594685 d:ShareCapital 2018-03-31 10594685 d:RetainedEarningsAccumulatedLosses 2018-03-31 10594685 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2018-03-31 10594685 c:FRS102 2017-02-01 2018-03-31 10594685 c:AuditExempt-NoAccountantsReport 2017-02-01 2018-03-31 10594685 c:AbridgedAccounts 2017-02-01 2018-03-31 10594685 c:PrivateLimitedCompanyLtd 2017-02-01 2018-03-31 iso4217:GBP xbrli:pure

Registered number: 10594685

GODMOTHER LONDON LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2018


GODMOTHER LONDON LIMITED REGISTERED NUMBER:10594685

BALANCE SHEET

AS AT 31 MARCH 2018

		2018
Note		£


Current assets
Cash at bank and in hand	4	30,529
		30,529
Creditors: amounts falling due within one year	5	(9,279)
Net current assets			21,250
Total assets less current liabilities			21,250
Net assets			21,250

Capital and reserves
Called up share capital			100
Profit and loss account			21,150
			21,250

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 period in question in accordance with section 476 of Companies Act 2006.

The director acknowledges her 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 30 April 2018.

Sally Weavers

Director

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

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GODMOTHER LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2018

1.	General information

The company incorporated and began trading on the 01 February 2017.
The company's principal activity during the period was that of media representation services.
The company ceased trading on the 31 March 2018 and is to be liquidated and struck off in due course.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

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.

2.4

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 non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans

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GODMOTHER LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2018

2.Accounting policies (continued)

2.4

Financial instruments (continued)

and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

2.5

Taxation

Tax is recognised in the Statement of income and retained earnings, 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.

Employees

The average monthly number of employees, including directors, during the period was 1.

4.	Cash and cash equivalents
		2018
		£

	Cash at bank and in hand	30,529
		30,529

5.	Creditors: Amounts falling due within one year
		2018
		£

	Corporation tax	7,471
	Other creditors	368
	Accruals and deferred income	1,440
		9,279

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GODMOTHER LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2018

6.	Financial instruments
		2018
		£

	Financial assets
	Financial assets measured at fair value through profit or loss	30,529
		30,529

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

7.	Transactions with directors

Included in other creditors due within one year is a loan from the director, Mrs S Weavers amounting to £(368).

8.	Controlling party

The company was controlled throughout the current period by its director, Mrs S Weavers, by virtue of the fact she owns all of the company’s ordinary issued share capital.

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