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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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16 DECEMBER 2016 TO 31 DECEMBER 2017 |
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FOR |
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GOODWIN HOUGHTON PROPERTIES LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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16 DECEMBER 2016 TO 31 DECEMBER 2017 |
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FOR |
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GOODWIN HOUGHTON PROPERTIES LIMITED |
GOODWIN HOUGHTON PROPERTIES LIMITED (REGISTERED NUMBER: 10529256) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16 DECEMBER 2016 TO 31 DECEMBER 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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GOODWIN HOUGHTON PROPERTIES LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 16 DECEMBER 2016 TO 31 DECEMBER 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
57-61 Market Place |
Cannock |
Staffordshire |
WS11 1BP |
GOODWIN HOUGHTON PROPERTIES LIMITED (REGISTERED NUMBER: 10529256) |
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STATEMENT OF FINANCIAL POSITION |
31 DECEMBER 2017 |
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Notes | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as
at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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GOODWIN HOUGHTON PROPERTIES LIMITED (REGISTERED NUMBER: 10529256) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16 DECEMBER 2016 TO 31 DECEMBER 2017 |
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1. | STATUTORY INFORMATION |
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Goodwin Houghton Properties Limited is a
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and Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
Investment property is revalued annually and the aggregate surplus or deficit is transferred to the |
investment revaluation reserve. No depreciation is provided in respect of investment properties; this is |
a departure from the statutory rules, requiring fixed assets to be depreciated over their economic |
useful lives and is necessary to enable the accounts to show a true and fair view. Depreciation is only |
one of many factors reflected in the annual valuation and the amount which might otherwise have |
been charged cannot be separately identified or quantified. |
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Taxation |
Taxation for the period 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 equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
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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 period end and that |
are expected to apply to the reversal of the timing difference. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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GOODWIN HOUGHTON PROPERTIES LIMITED (REGISTERED NUMBER: 10529256) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 16 DECEMBER 2016 TO 31 DECEMBER 2017 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Land and |
buildings |
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COST OR VALUATION |
Additions |
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At 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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Included in cost or valuation of land and buildings is freehold land of £ 154,913 which is not |
depreciated. |
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Cost or valuation at 31 December 2017 is represented by: |
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Land and |
buildings |
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Valuation in 2017 | 154,913 |
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If freehold land and buildings had not been revalued they would have been included at the following |
historical cost: |
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Cost | 154,913 |
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Freehold land and buildings were valued on an open market basis on 31 December 2017 by the directors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Taxation and social security |
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Other creditors |
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6. | RELATED PARTY DISCLOSURES |
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The company was under the control of Miss AL Goodwin and Mr M Houghton who own 100% of the |
issued ordinary share capital. |
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During the period the directors' made an interest free loan to the company and the balance as at 31st |
December, 2017 was £11835. This was the highest balance and no terms are set down for |
repayment. |
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An interest free loan was received from H.K.M. (UK Agents) Limited, a connected company. The |
balance as at 31st December, 2017 was £142978. No terms are set down for repayment. |