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 2021

FOR

GOUGHGLEN LIMITED
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 February 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOUGHGLEN LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2021







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 2021

28.2.21 28.2.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3 3
Investments 5 10,000 10,000
Investment property 6 181,131 181,131
191,134 191,134

CURRENT ASSETS
Debtors 7 190,496 188,548
Cash at bank 76,264 117,438
266,760 305,986
CREDITORS
Amounts falling due within one year 8 10,254 14,151
NET CURRENT ASSETS 256,506 291,835
TOTAL ASSETS LESS CURRENT
LIABILITIES
447,640
482,969

PROVISIONS FOR LIABILITIES 11,487 11,487
NET ASSETS 436,153 471,482

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 57,435 57,435
Retained earnings 378,618 413,947
SHAREHOLDERS' FUNDS 436,153 471,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 May 2021 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 2021

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 29 February 2020
and 28 February 2021 80
DEPRECIATION
At 29 February 2020
and 28 February 2021 77
NET BOOK VALUE
At 28 February 2021 3
At 28 February 2020 3

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

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2021

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 29 February 2020
and 28 February 2021 10,000
NET BOOK VALUE
At 28 February 2021 10,000
At 28 February 2020 10,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 February 2020
and 28 February 2021 181,131
NET BOOK VALUE
At 28 February 2021 181,131
At 28 February 2020 181,131

Fair value at 28 February 2021 is represented by:
£   
Valuation in 2019 57,435
Cost 123,696
181,131

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.21 28.2.20
£    £   
Other debtors 190,496 188,548

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.21 28.2.20
£    £   
Taxation and social security 275 4,101
Other creditors 9,979 10,050
10,254 14,151

Page 5 continued...
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 February 2021

9. RESERVES
Revaluation
reserve
£   
At 29 February 2020
and 28 February 2021 57,435

10. ULTIMATE CONTROLLING PARTY

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

Page 6