Goldtown Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03980544

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

GOLDTOWN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R L Davey

L Davey

SECRETARY:

REGISTERED OFFICE:

2A Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

REGISTERED NUMBER:

03980544

ACCOUNTANTS:

Durrants - Calleva

Accountants and Tax Advisors

2a Zodiac House

Calleva Park

Aldermaston

Berkshire

RG7 8HN

FIXED ASSETS

Tangible assets

4

1,883,067

1,883,067

Investments

5

(250,700

)

305,815

1,632,367

2,188,882

CREDITORS

Amounts falling due within one year

6

1,653,195

2,121,673

NET CURRENT LIABILITIES

(1,653,195

)

(2,121,673

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(20,828

)

67,209

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(21,828

)

66,209

(20,828

)

67,209

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 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 29 January 2018 and were signed on its behalf by:

R L Davey - Director

1.	STATUTORY INFORMATION

Goldtown Limited is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

1,329,697

553,370

1,883,067

NET BOOK VALUE

At 30 April 2017

1,329,697

553,370

1,883,067

At 30 April 2016

1,329,697

553,370

1,883,067

5.	FIXED ASSET INVESTMENTS

30/4/17

30/4/16

£

£

Participating interests

80

80

Loans to undertakings in which the company has a participating interest

(250,780

)

305,735

(250,700

)

305,815

Additional information is as follows:

Interest

Interest

in other

in joint

participating

venture

interests

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

50

30

80

NET BOOK VALUE

At 30 April 2017

50

30

80

At 30 April 2016

50

30

80

Loans to

Loans to

other

joint

participating

ventures

interests

Totals

£

£

£

At 1 May 2016

182,290

123,445

305,735

Repayment in year

(433,070

)

-

(433,070

)

Other movement

-

(123,445

)

(123,445

)

At 30 April 2017

(250,780

)

-

(250,780

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/17

30/4/16

£

£

Trade creditors

-

(1

)

Taxation and social security

9,603

-

Other creditors

1,643,592

2,121,674

1,653,195

2,121,673