Goughglen Limited - Limited company - abbreviated - 11.9

Goughglen Limited - Limited company - abbreviated - 11.9

GOUGHGLEN LIMITED - Company Information

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REGISTERED NUMBER: 01542718 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2015

FOR

GOUGHGLEN LIMITED

GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 28 February 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

GOUGHGLEN LIMITED

COMPANY INFORMATION
for the Year Ended 28 February 2015







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)

ABBREVIATED BALANCE SHEET
28 February 2015

28.2.15 28.2.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 124,202 124,203
Investments 3 10,023 10,023
134,225 134,226

CURRENT ASSETS
Debtors 253,747 250,404
Cash at bank 13,668 13,162
267,415 263,566
CREDITORS
Amounts falling due within one year 9,370 13,441
NET CURRENT ASSETS 258,045 250,125
TOTAL ASSETS LESS CURRENT
LIABILITIES
392,270
384,351

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 392,170 384,251
SHAREHOLDERS' FUNDS 392,270 384,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 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 6 November 2015 and were signed on its behalf
by:





M.W. Seaman-Hill - Director


The notes form part of these abbreviated accounts

Page 2
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 28 February 2015

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 April 2008).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014
and 28 February 2015 124,276
DEPRECIATION
At 1 March 2014 73
Charge for year 1
At 28 February 2015 74
NET BOOK VALUE
At 28 February 2015 124,202
At 28 February 2014 124,203

Under the provisions of Statement of Standard Accounting Practice 19, " Accounting for Investment Properties
", the directors have valued the properties held by the company at 28 February 2015 of £124,196.

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 March 2014
and 28 February 2015 10,023
NET BOOK VALUE
At 28 February 2015 10,023
At 28 February 2014 10,023

Page 3 continued...
GOUGHGLEN LIMITED (REGISTERED NUMBER: 01542718)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 28 February 2015

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.15 28.2.14
value: £    £   
100 Ordinary £1 100 100

Page 4