IRIS Accounts Production
v19.1.1.57
02984129
Board of Directors
1.7.17
30.6.18
30.6.18
17/5/2019
true
false
true
false
false
true
false
Auditors Opinion
iso4217:GBP
iso4217:USD
iso4217:EUR
xbrli:shares
xbrli:pure
02984129
2017-06-30
02984129
2018-06-30
02984129
2017-07-01
2018-06-30
02984129
2016-06-30
02984129
2016-07-01
2017-06-30
02984129
2017-06-30
02984129
ns15:EnglandWales
2017-07-01
2018-06-30
02984129
ns14:PoundSterling
2017-07-01
2018-06-30
02984129
ns10:Director1
2017-07-01
2018-06-30
02984129
ns10:PrivateLimitedCompanyLtd
2017-07-01
2018-06-30
02984129
ns10:SmallEntities
2017-07-01
2018-06-30
02984129
ns10:Audited
2017-07-01
2018-06-30
02984129
ns10:SmallCompaniesRegimeForAccounts
2017-07-01
2018-06-30
02984129
ns10:FullAccounts
2017-07-01
2018-06-30
02984129
ns10:Director2
2017-07-01
2018-06-30
02984129
ns10:Director3
2017-07-01
2018-06-30
02984129
ns10:Director4
2017-07-01
2018-06-30
02984129
ns10:Director5
2017-07-01
2018-06-30
02984129
ns10:CompanySecretary1
2017-07-01
2018-06-30
02984129
ns10:RegisteredOffice
2017-07-01
2018-06-30
02984129
ns10:Agent1
2017-07-01
2018-06-30
02984129
ns10:Agent2
2017-07-01
2018-06-30
02984129
ns5:ShareCapital
2018-06-30
02984129
ns5:ShareCapital
2017-06-30
02984129
ns5:SharePremium
2018-06-30
02984129
ns5:SharePremium
2017-06-30
02984129
ns5:RetainedEarningsAccumulatedLosses
2018-06-30
02984129
ns5:RetainedEarningsAccumulatedLosses
2017-06-30
02984129
ns5:CostValuation
2017-06-30
02984129
ns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments
2018-06-30
02984129
ns5:CostValuation
2018-06-30
02984129
ns5:Subsidiary1
2017-07-01
2018-06-30
02984129
1
ns5:Subsidiary1
2017-07-01
2018-06-30
02984129
ns5:Subsidiary1
2018-06-30
02984129
ns5:Subsidiary1
2017-06-30
02984129
ns5:Subsidiary1
2016-07-01
2017-06-30
02984129
ns5:Subsidiary2
2017-07-01
2018-06-30
02984129
3
ns5:Subsidiary2
2017-07-01
2018-06-30
02984129
ns5:Subsidiary2
2018-06-30
02984129
ns5:Subsidiary2
2017-06-30
02984129
ns5:Subsidiary3
2017-07-01
2018-06-30
02984129
ns5:Subsidiary3
5
2017-07-01
2018-06-30
02984129
ns5:Subsidiary3
2018-06-30
02984129
ns5:Subsidiary3
2017-06-30
02984129
ns5:Subsidiary3
2016-07-01
2017-06-30
02984129
ns5:Subsidiary4
2017-07-01
2018-06-30
02984129
7
ns5:Subsidiary4
2017-07-01
2018-06-30
02984129
ns5:JointVenture1
2017-07-01
2018-06-30
02984129
ns5:JointVenture1
1
2017-07-01
2018-06-30
02984129
ns5:JointVenture1
2018-06-30
02984129
ns5:JointVenture1
2017-06-30
02984129
ns5:JointVenture1
2016-07-01
2017-06-30
02984129
ns5:RetainedEarningsAccumulatedLosses
2017-06-30
02984129
ns5:SharePremium
2017-06-30
02984129
ns5:RetainedEarningsAccumulatedLosses
2017-07-01
2018-06-30
REGISTERED NUMBER:
02984129
(England and Wales)
|
|
GOITRE TOWER ANTHRACITE LIMITED
|
|
|
FOR THE YEAR ENDED 30 JUNE 2018
|
|
Notes to the Financial Statements
|
3
|
|
to
|
|
6
|
|
DIRECTORS:
|
T O'Sullivan OBE
|
|
SECRETARY:
|
G N Davies OBE |
|
REGISTERED OFFICE:
|
Treherbert Road
|
|
REGISTERED NUMBER:
|
02984129 (England and Wales)
|
|
SENIOR STATUTORY AUDITOR:
|
Brian Garland
|
|
Chartered Accountants and Statutory Auditor
|
|
BANKERS:
|
Barclays Bank Plc
|
|
National Westminster Bank Plc
|
NET CURRENT ASSETS
|
805
|
|
930
|
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES
|
951
|
|
4,197
|
|
|
Called up share capital
|
2,162
|
|
2,162
|
|
|
Retained earnings
|
5
|
(1,434
|
) |
1,812
|
|
|
SHAREHOLDERS' FUNDS
|
951
|
|
4,197
|
|
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on
17 May 2019 and were signed on its
behalf by:
|
G N Davies OBE - Director
|
|
Goitre Tower Anthracite Limited is a
private company, limited by shares , registered in England and
|
|
Wales. The company's registered number and registered office address can be found on the Company
|
|
The presentation currency of the financial statements is the Pound Sterling (£).
|
|
Basis of preparation of the financial statements
|
|
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
The particular accounting policies adopted, which have been applied consistently throughout the
|
|
current and the prior financial year, are described below.
|
|
Turnover and revenue recognition
|
|
Investments in subsidiaries
|
|
Investments in subsidiaries and joint-ventures are recognised at cost less impairment.
|
|
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
|
|
except to the extent that it relates to items recognised in other comprehensive income or directly in
|
|
Current or deferred taxation assets and liabilities are not discounted.
|
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
|
|
enacted or substantively enacted by the balance sheet date.
|
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
|
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods
|
|
different from those in which they are recognised in financial statements. Deferred tax is measured
|
|
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
|
|
expected to apply to the reversal of the timing difference.
|
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
|
|
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
|
|
In preparing the financial statements, the directors have considered the current financial position of the
|
|
company and the likely future cash flows.
|
|
After making appropriate enquiries, the directors have a reasonable expectation that the company will
|
|
have access to adequate resources to continue in existence for the foreseeable future. Accordingly,
|
|
they continue to adopt the going concern basis in preparing the financial statements.
|
3.
|
FIXED ASSET INVESTMENTS
|
|
The company's investments at the Balance Sheet date in the share capital of companies include the
|
|
Nature of business:
Coal mining related activities |
|
Aggregate capital and reserves
|
146
|
|
3,267
|
|
|
|
Loss for the year
|
(2,466
|
) |
(173
|
) |
|
|
Welsh Dragon Coal Limited
|
|
Nature of business:
Not trading |
|
Aggregate capital and reserves
|
(135
|
) |
(135
|
) |
|
|
Investment in 100% subsidiary has been fully provided for given the net liability position at the balance
|
|
Tower Energy Resources Limited
|
|
Nature of business:
Not trading |
|
Aggregate capital and reserves
|
7
|
|
163
|
|
|
|
Loss for the year
|
(155
|
) |
-
|
|
|
|
Tower Energy Resources Limited is a 100% subsidiary of Tower Colliery Limited, which is a wholly
|
|
owned subsidiary of Goitre Tower Anthracite Limited.
|
|
Goitre Tower Anthracite Trustees Limited
|
|
Nature of business:
Non-trading |
|
Aggregate capital and reserves £101 as at 30 November 2017 (2016 - £101).
|
|
The investment has been fully provided for at the balance sheet date.
|
|
Tower Regeneration Limited
|
|
Registered office: United Kingdom |
|
Nature of business:
Surface mine development and regeneration |
|
Aggregate capital and reserves
|
(8,066
|
) |
2,159
|
|
|
|
Loss for the year
|
(10,225
|
) |
(4,715
|
) |
|
|
Tower Regeneration Limited is a joint venture of Tower Colliery Limited, a wholly owned subsidiary of
|
|
Goitre Tower Anthracite Limited.
|
|
The company has 50 ordinary and 65 A shares in Tower Regeneration Limited. The A shares do not
|
|
have any voting rights and therefore it is a joint venture.
|
|
The financial position and results of Tower Regeneration Limited, as above are from the consolidated
|
|
financial statements, including Tower Regeneration Leasing Limited, a 100% subsidiary of Tower
|
4.
|
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Amounts owed by group undertakings
|
775
|
|
900
|
|
|
|
At 1 July 2017
|
1,812
|
|
223
|
|
2,035 |
|
|
|
Deficit for the year
|
(2,591
|
) |
(2,591
|
) |
|
|
At 30 June 2018
|
(1,434
|
) |
223
|
|
(1,211 |
) |
|
6.
|
DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
|
|
The Report of the Auditors was unqualified.
|
|
Brian Garland (Senior Statutory Auditor)
|
|
for and on behalf of
Gerald Thomas |
7.
|
RELATED PARTY DISCLOSURES
|
|
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
|
|
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
|
|
party transactions with wholly owned subsidiaries within the group.
|
8.
|
ULTIMATE CONTROLLING PARTY
|
|
There is no single controlling party.
|