Accounts

	Unaudited Abbreviated Accounts
	Goblin Enterprises Limited
	For the year ended 31 August 2015
		Company Number 04857018

	Goblin Enterprises Limited
	Unaudited abbreviated accounts for the year ended 31 August 2015
	Company Information
	Company registration number:	04857018
	Registered office:	18 Langton Place
		Bury St Edmunds
		Suffolk
		IP33 1NE
	Director:	A H Gray
	Secretary:	S Gray
	Bankers:	Handelsbanken
	Accountants:	Churchgate Accountants Limited
		18 Langton Place
		Bury St Edmunds
		Suffolk
		IP33 1NE

	Goblin Enterprises Limited
	Unaudited abbreviated accounts for the year ended 31 August 2015
	Index
		PAGE
	Accountants' report	1
	Principal accounting policies	2-3
	Unaudited abbreviated balance sheet	4-5
	Notes to the unaudited abbreviated accounts	6-7

	Accountants' report to the director on the unaudited abbreviated accounts of Goblin Enterprises Limited

	In accordance with the engagement letter dated 9 May 2014 and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of the company for the year ended 31 August 2015 which comprise the abbreviated balance sheet, principal accounting policies and the related notes from the company's accounting records and from information and explanations you have given to us.
	This report is made to the Director of Goblin Enterprises Limited, as a body, in accordance with the terms of our engagement letter dated 9 May 2014. Our work has been undertaken solely to prepare for your approval the abbreviated accounts of Goblin Enterprises Limited and state those matters that we have agreed to state to the Director of Goblin Enterprises Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales, as detailed at www.icaew.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goblin Enterprises Limited and its Director as a body for our work or for this report.
	It is your duty to ensure that Goblin Enterprises Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view. You consider that Goblin Enterprises Limited is exempt from the statutory audit requirement for the year ended 31 August 2015.
	We have not been instructed to carry out an audit or a review of the abbreviated accounts of Goblin Enterprises 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 abbreviated accounts.
	Churchgate Accountants Limited
	Bury St Edmunds
	Date: 25 May 2016

	Page 1

	Goblin Enterprises Limited
	Unaudited abbreviated accounts for the year ended 31 August 2015
	Accounting policies

	Basis of accounting
	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).
	The principal accounting policies of the company have remained unchanged from the previous year and are set out below.

	Going concern
	No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

	Turnover
	Turnover represents rental income relating to the period from investment properties held by the company. Revenue is recognised for the year to which investment properties held by the company are occupied on a daily basis.

	Investment properties
	Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss for the year.
	This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

	Investments
	Investments are included at cost less amounts written off.

	Page 2

	Goblin Enterprises Limited
	Unaudited abbreviated accounts for the year ended 31 August 2015
	Accounting policies (continued)

	Financial instruments
	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of the entity after deducting all of the financial liabilities.
	Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
	Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited directly to equity.

	Page 3

	Goblin Enterprises Limited - Company Number 04857018
	Unaudited abbreviated accounts for the year ended 31 August 2015
	Unaudited abbreviated balance sheet
		Note		2015		2014
			£	£	£	£
	Fixed assets
	Tangible assets	1		2,403,112		2,038,027
	Investments	1		800		800
				2,403,912		2,038,827
	Current assets
	Debtors		12,101		16,673
	Cash at bank and in hand		13,346		-
			25,447		16,673
	Creditors: amounts falling due within one year		1,962,342		1,617,581
	Net current liabilities			(1,936,895)		(1,600,908)
	Total assets less current liabilities			467,017		437,919
	Creditors: amounts falling due after more than one year			148,803		164,712
	Net assets			318,214		273,207
	Capital and reserves
	Called up equity share capital	2		100		100
	Revaluation reserve			205,685		205,685
	Profit and loss account			112,429		67,422
	Shareholders' funds			318,214		273,207

	The director is satisfied that for the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies, and that the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.
	The director acknowledges his responsibilities for: i) ensuring that the company keeps proper accounting records which comply with section 386 of the Act, and ii) preparing abbreviated accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to abbreviated accounts, so far as applicable to the company.

	The accompanying accounting policies and notes form an integral part of these abbreviated accounts.
	Page 4

	Goblin Enterprises Limited - Company Number 04857018
	Unaudited abbreviated accounts for the year ended 31 August 2015
	Unaudited abbreviated balance sheet (continued)

	These abbreviated accounts have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
	The abbreviated accounts were approved by the director and authorised for issue on 25 May 2016, and are signed on their behalf by:
	A H Gray, Director

	The accompanying accounting policies and notes form an integral part of these abbreviated accounts.
	Page 5

	Goblin Enterprises Limited
	Unaudited abbreviated accounts for the year ended 31 August 2015
	Notes to the unaudited abbreviated accounts

1	Fixed assets

		Investment
		Properties	Total
		£	£
	Cost or valuation
	At 1 September 2014	2,038,027	2,038,027
	Additions	365,085	365,085
	At 31 August 2015	2,403,112	2,403,112
	Depreciation
	At 31 August 2015	-	-
	Net book amount at 31 August 2015	2,403,112	2,403,112
	Net book amount at 31 August 2014	2,038,027	2,038,027
	The investment properties were revalued by the director on an open market value basis at 31 August 2015. There has been no change in the valuation as the director considers the current value to be the estimated market value.

	Unlisted investments at net book value include:
					2015	2014
					£	£
	Unlisted investments				800	800
					800	800

	Page 6

	Goblin Enterprises Limited
	Unaudited abbreviated accounts for the year ended 31 August 2015
	Notes to the unaudited abbreviated accounts (continued)

2	Equity share capital

		2015	2014
		£	£
	Allotted, called up and fully paid
	100 ordinary shares of £1 each	100	100
		100	100

3	Transactions with related parties
	Mr A H Gray, the director and shareholder of the company has a loan account with the company, the amount due to Mr A H Gray at the year end was £1,558,249, (2014: £1,350,584). No interest has been charged on this loan.
	Included in the accounts are the amounts due from Beat Goes On Records, a partnership in which the director and the company were partners until 31 May 2014. The company received a share of profit of £Nil (2014: £-). The amount outstanding to the company at the year end was £Nil (2014: £-)
	During the year Bon Bon Productions Ltd, a company in which Mr A H Gray is a director and shareholder, had a loan with the company. At the year end the company owed Bon Bon Productions Ltd £360,000 (2014: £60,000), no interest has been charged on this loan.

4	Controlling related party
	Mr A H Gray is the company's controlling related party by virtue of his 100% shareholding.

	Page 7