Accounts filed on 30-09-2017


Registered number: 06127884






Goldcrest Land (UK) Limited


ACCOUNTS

FOR THE YEAR ENDED 30/09/2017
























Prepared By:
Stevenson and Co Accountants Ltd
Chartered Certified Accountants
101A
Crow Green Road
Brentwood
Essex
CM15 9RP


ACCOUNTS
FOR THE YEAR ENDED 30/09/2017





DIRECTORS
Mr M G J Collins
Mr A Collins
Mrs J MacQueen
Mr T J Smith



SECRETARY
Mr M G J Collins


REGISTERED OFFICE
3 Hurlingham Business Park
Sulivan Road
London
Essex
SW6 3DU


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06127884



ACCOUNTANTS
Stevenson and Co Accountants Ltd
Chartered Certified Accountants
101A
Crow Green Road
Brentwood
Essex
CM15 9RP


ACCOUNTS
FOR THEYEARENDED30/09/2017



CONTENTS



		Page

Directors' Report		-

Strategic Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/09/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Investment Assets	2		2		2

CURRENT ASSETS
Stock		1,692,041		1,385,314
Debtors	4	164,017		547,019
Cash at bank and in hand		2,154,731		3,750,730
		4,010,789		5,683,063
CREDITORS: Amounts falling due within one year	5	530,919		983,669
NET CURRENT ASSETS			3,479,870		4,699,394
TOTAL ASSETS LESS CURRENT LIABILITIES			3,479,872		4,699,396


CREDITORS: Amounts falling due after more than one year	6		2		1,000,002

NET ASSETS			3,479,870		3,699,394

CAPITAL AND RESERVES

Called up share capital	8		80,000		80,000
Profit and loss account			3,399,870		3,619,394
SHAREHOLDERS' FUNDS			3,479,870		3,699,394

For the year ending 30/09/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 07/02/2018 and signed on their behalf by



.............................
Mr M G J Collins
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




2. FiNANCIAL ASSETS

	Shares in group companies
	and participating interests	Total
	£	£
Cost
At 01/10/2016	2	2
At 30/09/2017	2	2
Amortisation
Net Book Amounts
At 30/09/2017	2	2
At 30/09/2016	2	2




4. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
Trade debtors	(240)	482,019
UK corporation tax	54,738	-
VAT	9,519	-
Other debtors	100,000	65,000
	164,017	547,019




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
UK corporation tax	-	179,095
VAT	-	270,777
PAYE control	1,078	1,036
Salaries and wages control	5,962	4,127
Loans	515,000	515,000
Trade creditors	4,569	9,324
Other creditors	190	190
Accruals	4,120	4,120
	530,919	983,669




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2017	2016
	£	£
Other creditors > 1yr	2	1,000,002
	2	1,000,002

The bank loans are secured by a legal charge over the stock of land held by the company, and by a floating charge over all other assets of the company. Other loans totally £Nil (2016 - £1,000,000) relate to amounts owed to Goldcrest Commercial Limited, a company controlled 100% by Mr. MGJ Collins, £1 (2016 - £1) relates to amounts owed to the subsidiary company Goldcrest Land (Developments) Limited and £1 (2016 - £1) relates to amounts owed to the subsidiary company Goldcrest Homes (Land) Limited.




8. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
80000 Ordinary shares of £1 each	80000	80000
	80,000	80,000




9. CONTROLLING PARTY
Mr MGJ Collins, a director of the company, is the controlling party of the company as a result of his beneficial interest, directly or indirectly, in 100% of the issued share capital of the company.




10. RELATED PARTY TRANSACTIONS
1. Goldcrest Commercial Ltd (a company wholly owned by Mr M G J Collins). The following transactions took place with Goldcrest Commercial Ltd - purchases of consultancy fees £88502. The loan balance owed by the company to Goldcrest Commercial Limited as at 30th September 2017 was £Nil (2016 - £1,000,000).