Goodkind Estates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03499894 (England and Wales)

GOODKIND ESTATES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs L Goodkind

Mr G C Goodkind

SECRETARY:

Mrs L Goodkind

REGISTERED OFFICE:

1 Brookmans Avenue

Brookmans Park

Hatfield

Hertfordshire

AL9 7QH

REGISTERED NUMBER:

03499894 (England and Wales)

ACCOUNTANTS:

P G ASSOCIATES

Accountants

1 Brookmans Avenue

Brookmans Park

Hatfield

Hertfordshire

AL9 7QH

FIXED ASSETS

Tangible assets

2

18,964

712,380

Investments

3

51

73,050

Investment property

4

7,731,910

6,300,000

7,750,925

7,085,430

CURRENT ASSETS

Debtors

5

2,438,269

338,484

Cash at bank

64,258

71,714

2,502,527

410,198

CREDITORS

Amounts falling due within one year

3,569,432

2,713,844

NET CURRENT LIABILITIES

(1,066,905

)

(2,303,646

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,684,020

4,781,784

CREDITORS

Amounts falling due after more than one
year

6

591,504

500,000

NET ASSETS

6,092,516

4,281,784

CAPITAL AND RESERVES

Called up share capital

7

100

Revaluation reserve

3,611,803

4,100,332

Profit and loss account

2,480,613

181,352

SHAREHOLDERS' FUNDS

6,092,516

4,281,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 7 February 2017 and were signed on its
behalf by:

Mrs L Goodkind - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2015

725,393

Additions

12,905

Disposals

(700,000

)

At 31 March 2016

38,298

DEPRECIATION

At 1 April 2015

13,013

Charge for year

6,321

At 31 March 2016

19,334

NET BOOK VALUE

At 31 March 2016

18,964

At 31 March 2015

712,380

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 April 2015

73,050

Additions

1

Disposals

(73,000

)

At 31 March 2016

51

NET BOOK VALUE

At 31 March 2016

51

At 31 March 2015

73,050

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

6,300,000

Additions

2,989,953

Disposals

(3,912,000

)

Revaluations

2,353,957

At 31 March 2016

7,731,910

NET BOOK VALUE

At 31 March 2016

7,731,910

At 31 March 2015

6,300,000

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 2,427,251 (2015 - £ 321,795 )

6.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

200,000

260,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance on the director's loan account at the 31 March 2016 was £3,463,783 (2015 - £2,560,166).

During the year the director's made further interest free loans to the company of £903,617. The

balance is repayable on demand as financial restraints allow. This is included in Creditors due within

one year.

At the 31 March 2016 the company owed £7,334 (2015 - £12,614 to The Goodkind Agency Limited.

The company's directors have a material share interest in this company. These loans are interest free.

At the 31 March 2016 the company owed £Nil (2015 - £40,000) to Bleinham Finance Limited. The

company's directors have a material share interest in this company. These loans are interest free. This

balance has since been repaid.