Registered number: 01660121 | ||||||||
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FOR THE YEAR ENDED 30/09/2021 | ||||||||
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Prepared By: | ||||||||
Stevenson & Co Accountants Ltd | ||||||||
Chartered Certified Accountants | ||||||||
101a Crow Green Road | ||||||||
Pilgrims Hatch | ||||||||
Brentwood | ||||||||
Essex | ||||||||
CM15 9RP |
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Goldcrest Land Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/09/2021 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 01660121 | ||||||||
ACCOUNTANTS | ||||||||
Stevenson & Co Accountants Ltd | ||||||||
Chartered Certified Accountants | ||||||||
101a Crow Green Road | ||||||||
Pilgrims Hatch | ||||||||
Brentwood | ||||||||
Essex | ||||||||
CM15 9RP |
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Goldcrest Land Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/09/2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' 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 | - |
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Goldcrest Land Ltd | ||||||||
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BALANCE SHEET AT
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2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 |
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Investment Assets | 4 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 6 |
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Cash at bank and in hand |
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8,053,323 | 20,627,599 | |||||||||
CREDITORS: Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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31,707 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 |
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Share premium account | 9 |
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Capital redemption reserve | 10 |
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Other reserves | 10 | - | (248,209) | |||||||
Profit and loss account | (1,166,720) | (2,082,405) | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Goldcrest Land Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/09/2021 | ||||||||||
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 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Fixtures and Fittings | straight line 20% | |||||||
Equipment | straight line 33% |
1c. 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. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
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Goldcrest Land Ltd | ||||||||
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2. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees |
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14 | ||||
3. TANGIBLE FIXED ASSETS | ||||||||
Fixtures | ||||||||
and Fittings | Equipment | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/10/2020 | 24,630 | 101,279 | 15,000 | 140,909 | ||||
At 30/09/2021 | 24,630 | 101,279 | 15,000 | 140,909 | ||||
Depreciation | ||||||||
At 01/10/2020 | 22,013 | 88,875 | 15,000 | 125,888 | ||||
For the year | 2,159 | 9,406 | - | 11,565 | ||||
At 30/09/2021 | 24,172 | 98,281 | 15,000 | 137,453 | ||||
Net Book Amounts | ||||||||
At 30/09/2021 |
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3,456 | ||||
At 30/09/2020 |
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15,021 | ||||
4. FINANCIAL ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/10/2020 | 7 | 7 | |||||||
At 30/09/2021 | 7 | 7 | |||||||
Amortisation | |||||||||
At 01/10/2020 | 4 | 4 | |||||||
For the year | 2 | 2 | |||||||
At 30/09/2021 | 6 | 6 | |||||||
Net Book Amounts | |||||||||
At 30/09/2021 | 1 | 1 | |||||||
At 30/09/2020 | 3 | 3 | |||||||
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Goldcrest Land Ltd | ||||||||
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5. STOCK | 2021 | 2020 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
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6. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 500,002 | - | ||||||
Other tax | 383,689 | 383,689 | ||||||
Other debtors | 135,983 | 29,621 | ||||||
Prepayments | 120,068 | 54,425 | ||||||
1,139,742 | 467,735 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Other tax | 226,939 | 104,289 | ||||||
VAT | 160,646 | 341,229 | ||||||
Bank loans and overdrafts | - | 194,450 | ||||||
Bank Loan | 1,980,000 | 8,733,367 | ||||||
Loans | 4,298,460 | 10,912,420 | ||||||
Trade creditors | 67,649 | 124,614 | ||||||
Other creditors | 61,056 | 106,573 | ||||||
Accruals | 51,404 | 78,950 | ||||||
6,846,154 | 20,595,892 | |||||||
8. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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106066.76 | 107102.38 | ||||||
106,067 | 107,102 | |||||||
On 23rd January 2020 51,781 shares were transferred from the Employee Share Ownership Plan and taken into treasury. |
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Goldcrest Land Ltd | ||||||||
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9. SHARE PREMIUM ACCOUNT | 2021 | 2020 | ||||
£ | £ | |||||
Share premium account | 2,189,107 | 2,189,107 |
10. OTHER RESERVES | 2021 | 2020 | ||||
£ | £ | |||||
Capital redemption reserve | 82,172 | 81,136 | ||||
Own shares in ESOP trust | - | (248,209) | ||||
82,172 | (167,073) | |||||
11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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