Registered number
02595297
Goodweight Limited
Filleted Accounts
30 April 2018
Goodweight Limited
Registered number: 02595297
Balance Sheet
as at 30 April 2018
Notes 2018 2017
£ £
Fixed assets
Investments 2 2,092,877 1,858,092
Current assets
Debtors 3 593,066 594,974
Creditors: amounts falling due within one year 4 - (402,908)
Net current assets 593,066 192,066
Net assets 2,685,943 2,050,158
Capital and reserves
Called up share capital 712,537 515,000
Share premium 328,663 125,200
Fair value reseve 5 1,642,877 1,408,092
Profit and loss account 1,866 1,866
Shareholders' funds 2,685,943 2,050,158
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G D Olsen
Director
Approved by the board on 14 January 2019
Goodweight Limited
Notes to the Accounts
for the year ended 30 April 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries are measured at fair value.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Investments
Investments in
subsidiary
undertakings
£
Fair value
At 1 May 2017 1,858,092
Revaluation 234,785
At 30 April 2018 2,092,877
3 Debtors 2018 2017
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 593,066 594,974
4 Creditors: amounts falling due within one year 2018 2017
£ £
Other creditors - 402,908
5 Fair Value reserve 2018 2017
£ £
At 1 May 2017 1,408,092 1,307,702
Gain on revaluation of land and buildings 234,785 100,390
At 30 April 2018 1,642,877 1,408,092
6 Other information
Goodweight Limited is a private company limited by shares and incorporated in England. Its registered office is:
39 Hatton Garden
London
EC1N 8EH
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