Goodweight Limited
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Notes to the Accounts |
for the year ended 30 April 2019
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1 |
Accounting policies |
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Basis of preparation |
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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).
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Investments |
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Investments in subsidiaries are measured at fair value.
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
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2 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Fair value |
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At 1 May 2018 |
2,092,877 |
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Revaluation |
71,969 |
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At 30 April 2019 |
2,164,846 |
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3 |
Debtors |
2019 |
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2018 |
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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593,066 |
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593,066 |
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4 |
Fair Value reserve |
2019 |
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2018 |
£ |
£ |
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At 1 May 2018 |
1,642,877 |
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1,408,092 |
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Gain on revaluation of investments |
71,969 |
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234,785 |
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At 30 April 2019 |
1,714,846 |
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1,642,877 |
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5 |
Other information |
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Goodweight Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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39 Hatton Garden |
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London |
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EC1N 8EH |