Goughglen Limited - Accounts to registrar (filleted) - small 18.2

Goughglen Limited - Accounts to registrar (filleted) - small 18.2

GOUGHGLEN LIMITED - Company Information

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REGISTERED NUMBER: 01542718 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

GOUGHGLEN LIMITED
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOUGHGLEN LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2019







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
Page 1
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

BALANCE SHEET
28 February 2019

28.2.19 28.2.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 4 4
Investments 4 10,023 10,023
Investment property 5 181,131 207,131
191,158 217,158

CURRENT ASSETS
Debtors 6 245,988 237,096
Cash at bank 51,336 15,339
297,324 252,435
CREDITORS
Amounts falling due within one year 7 19,306 10,634
NET CURRENT ASSETS 278,018 241,801
TOTAL ASSETS LESS CURRENT
LIABILITIES
469,176
458,959

PROVISIONS FOR LIABILITIES 11,487 16,587
NET ASSETS 457,689 442,372

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 57,435 82,935
Retained earnings 400,154 359,337
SHAREHOLDERS' FUNDS 457,689 442,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 form part of these financial statements

Page 2 continued...
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

BALANCE SHEET - continued
28 February 2019


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.

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 27 August 2019 and were signed on its behalf by:





M.W. Seaman-Hill - Director


The notes form part of these financial statements

Page 3
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2019

1. STATUTORY INFORMATION

Goughglen 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2018
and 28 February 2019 80
DEPRECIATION
At 1 March 2018
and 28 February 2019 76
NET BOOK VALUE
At 28 February 2019 4
At 28 February 2018 4

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2018
and 28 February 2019 10,023
NET BOOK VALUE
At 28 February 2019 10,023
At 28 February 2018 10,023

Page 4 continued...
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2019

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2018 207,131
Disposals (26,000 )
At 28 February 2019 181,131
NET BOOK VALUE
At 28 February 2019 181,131
At 28 February 2018 207,131

Fair value at 28 February 2019 is represented by:

£   
Valuation in 2019 57,435
Cost 123,696
181,131

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.19 28.2.18
£    £   
Other debtors 245,988 237,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.19 28.2.18
£    £   
Taxation and social security 8,856 -
Other creditors 10,450 10,634
19,306 10,634

8. RESERVES
Revaluation
reserve
£   
At 1 March 2018 82,935
Transfer on revaluation (25,500 )

At 28 February 2019 57,435

9. ULTIMATE CONTROLLING PARTY

M. W. Seaman-Hill and D. Brown control the company by virtue of holding 100% of the issued share capital.

Page 5