Golfview Limited 09232195 true 2017-10-01 2018-09-30 2018-09-30 The principal activity of the company is property investment Digita Accounts Production Advanced 6.21.8540.0 Software true Professor John David Parsons 09232195 2017-10-01 2018-09-30 09232195 2018-09-30 09232195 bus:OrdinaryShareClass1 2018-09-30 09232195 core:ShareCapital 2018-09-30 09232195 core:LandBuildings 2018-09-30 09232195 bus:FRS102 2017-10-01 2018-09-30 09232195 bus:AuditExempt-NoAccountantsReport 2017-10-01 2018-09-30 09232195 bus:FullAccounts 2017-10-01 2018-09-30 09232195 bus:RegisteredOffice 2017-10-01 2018-09-30 09232195 bus:Director1 2017-10-01 2018-09-30 09232195 bus:OrdinaryShareClass1 2017-10-01 2018-09-30 09232195 bus:EntityHasNeverTraded 2017-10-01 2018-09-30 09232195 bus:PrivateLimitedCompanyLtd 2017-10-01 2018-09-30 09232195 countries:AllCountries 2017-10-01 2018-09-30 09232195 2017-09-30 09232195 core:LandBuildings 2017-09-30 09232195 2017-09-30 09232195 bus:OrdinaryShareClass1 2017-09-30 09232195 core:ShareCapital 2017-09-30 09232195 core:LandBuildings 2017-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09232195

Golfview Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2018

Robinson Rice Associates Limited
Chartered Accountants, Statutory Auditors & Chartered Tax Advisors
49 Station Road
Ainsdale
Merseyside
PR8 3HH

 

Golfview Limited

Profit and Loss Account for the Year Ended 30 September 2018

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Golfview Limited

(Registration number: 09232195)
Balance Sheet as at 30 September 2018

Note

2018
£

2017
£

Fixed assets

 

Tangible assets

3

200,000

200,000

Capital and reserves

 

Called up share capital

4

200,000

200,000

Total equity

 

200,000

200,000

For the financial year ending 30 September 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 7 November 2018
 

.........................................

Professor John David Parsons
Director

 

Golfview Limited

Notes to the Financial Statements for the Year Ended 30 September 2018

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Norcote Lodge
Old Town Lane
Formby
Merseyside
L37 3HP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRS102 1A as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Golfview Limited

Notes to the Financial Statements for the Year Ended 30 September 2018

Financial instruments


Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.
 
 

3

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2017

200,000

200,000

At 30 September 2018

200,000

200,000

Depreciation

Carrying amount

At 30 September 2018

200,000

200,000

At 30 September 2017

200,000

200,000

Included within the net book value of land and buildings above is £200,000 (2017 - £200,000) in respect of freehold land and buildings.
 

4

Share capital

Allotted, called up and fully paid shares

 

2018

2017

 

No.

£

No.

£

Ordinary of £1 each

200,000

200,000

200,000

200,000