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2016-04-30
Sage Accounts Production Advanced 2017 Update 4 - FRS
1,232
1,232
246
246
986
xbrli:pure
xbrli:shares
iso4217:GBP
10157581
2016-04-30
2017-04-30
10157581
2017-04-30
10157581
core:PlantMachinery
2016-04-30
2017-04-30
10157581
bus:RegisteredOffice
2016-04-30
2017-04-30
10157581
bus:LeadAgentIfApplicable
2016-04-30
2017-04-30
10157581
bus:Director1
2016-04-30
2017-04-30
10157581
core:PlantMachinery
2017-04-30
10157581
core:WithinOneYear
2017-04-30
10157581
core:ShareCapital
2017-04-30
10157581
core:RetainedEarningsAccumulatedLosses
2017-04-30
10157581
bus:Director1
2017-04-30
10157581
bus:FRS102
2016-04-30
2017-04-30
10157581
bus:AuditExemptWithAccountantsReport
2016-04-30
2017-04-30
10157581
bus:FullAccounts
2016-04-30
2017-04-30
10157581
bus:SmallCompaniesRegimeForAccounts
2016-04-30
2017-04-30
10157581
bus:PrivateLimitedCompanyLtd
2016-04-30
2017-04-30
COMPANY REGISTRATION NUMBER:
10157581
Filleted Unaudited Financial Statements
|
|
Period ended 30 April 2017
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
4
|
|
|
The following pages do not form part of the financial statements
Chartered tax advisers report to the director on the preparation of the unaudited statutory financial statements
|
8
|
|
|
Period ended 30 April 2017
The director presents his report and the unaudited financial statements of the company for the period ended
30 April 2017
.
Principal activities
The principal activity of the company during the year was that of operating an estate agency.
Director
The director who served the company during the period was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
15 January 2018
and signed on behalf of the board by:
Registered office:
|
1 Agincourt Villas
|
Uxbridge Road
|
Hillingdon
|
Middlesex
|
UB10 0NX
|
|
Statement of Financial Position
|
|
30 April 2017
Fixed assets
Current assets
Debtors
|
6
|
2,825
|
|
Cash at bank and in hand
|
1,610
|
|
|
-------
|
|
|
4,435
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
4,363
|
|
|
-------
|
|
Net current assets
|
|
72
|
|
|
-------
|
Total assets less current liabilities
|
|
1,058
|
|
|
-------
|
Net assets
|
|
1,058
|
|
|
-------
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
100
|
Profit and loss account
|
|
958
|
|
|
-------
|
Shareholders funds
|
|
1,058
|
|
|
-------
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued)
|
|
30 April 2017
These financial statements were approved by the
board of directors
and authorised for issue on
15 January 2018
, and are signed on behalf of the board by:
Company registration number:
10157581
Notes to the Financial Statements
|
|
Period ended 30 April 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 May 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant and machinery
|
-
|
20% reducing balance
|
|
|
|
|
4.
Particulars of employees
The average number of persons employed by the company during the period amounted to
2
.
5.
Tangible assets
|
Plant and machinery
|
Total
|
|
£
|
£
|
Cost
|
|
|
At 30 April 2016
|
–
|
–
|
Additions
|
1,232
|
1,232
|
|
-------
|
-------
|
At 30 April 2017
|
1,232
|
1,232
|
|
-------
|
-------
|
Depreciation
|
|
|
At 30 April 2016
|
–
|
–
|
Charge for the period
|
246
|
246
|
|
-------
|
-------
|
At 30 April 2017
|
246
|
246
|
|
-------
|
-------
|
Carrying amount
|
|
|
At 30 April 2017
|
986
|
986
|
|
-------
|
-------
|
|
|
|
6.
Debtors
|
2017
|
|
£
|
Trade debtors
|
2,825
|
|
-------
|
|
|
7.
Creditors:
amounts falling due within one year
|
2017
|
|
£
|
Corporation tax
|
183
|
Social security and other taxes
|
41
|
Other creditors
|
4,139
|
|
-------
|
|
4,363
|
|
-------
|
|
|
8.
Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
|
2017
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
Mr K S Arora
|
–
|
(
1,965)
|
(
1,965)
|
|
|
----
|
-------
|
-------
|
|
|
|
|
|
9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 May 2015.
No transitional adjustments were required in equity or profit or loss for the year.
Period ended 30 April 2017
The following pages do not form part of the financial statements.
Chartered Tax Advisers Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Goldcoin Estates Limited
|
|
Period ended 30 April 2017
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the period ended 30 April 2017, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
SK ASSOCIATES LTD
Chartered Tax Advisers
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX
15 January 2018