Goodweight Limited
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Notes to the Accounts |
for the year ended 30 April 2018
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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. 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.
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Creditors |
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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.
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2 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Fair value |
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At 1 May 2017 |
1,858,092 |
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Revaluation |
234,785 |
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At 30 April 2018 |
2,092,877 |
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3 |
Debtors |
2018 |
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2017 |
£ |
£ |
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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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594,974 |
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4 |
Creditors: amounts falling due within one year |
2018 |
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2017 |
£ |
£ |
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Other creditors |
- |
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402,908 |
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5 |
Fair Value reserve |
2018 |
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2017 |
£ |
£ |
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At 1 May 2017 |
1,408,092 |
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1,307,702 |
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Gain on revaluation of land and buildings |
234,785 |
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100,390 |
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At 30 April 2018 |
1,642,877 |
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1,408,092 |
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6 |
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 |