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REGISTERED NUMBER: 04163435 (England and Wales)









REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

MODELPLAIN LIMITED
TRADING AS
GOONHAVERN GARDEN CENTRE

MODELPLAIN LIMITED (REGISTERED NUMBER: 04163435)
TRADING AS GOONHAVERN GARDEN CENTRE






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


MODELPLAIN LIMITED
TRADING AS GOONHAVERN GARDEN CENTRE

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: E Scorse
Mrs E R Finney
C Finney





SECRETARY: E Scorse





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG





REGISTERED NUMBER: 04163435 (England and Wales)





ACCOUNTANTS: Lang Bennetts
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

MODELPLAIN LIMITED (REGISTERED NUMBER: 04163435)
TRADING AS GOONHAVERN GARDEN CENTRE

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2021

The directors present their report with the financial statements of the company for the year ended 31 December 2021.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2021 to the date of this report.

E Scorse
Mrs E R Finney
C Finney

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





E Scorse - Director


2 September 2022

MODELPLAIN LIMITED (REGISTERED NUMBER: 04163435)
TRADING AS GOONHAVERN GARDEN CENTRE

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,204 160,584

CURRENT ASSETS
Stocks 142,300 130,673
Debtors 5 692,974 419,256
Cash at bank and in hand 367,743 536,335
1,203,017 1,086,264
CREDITORS
Amounts falling due within one year 6 210,939 169,766
NET CURRENT ASSETS 992,078 916,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,141,282

1,077,082

CREDITORS
Amounts falling due after more than one
year

7

(34,841

)

(44,167

)

PROVISIONS FOR LIABILITIES (11,308 ) (10,664 )
NET ASSETS 1,095,133 1,022,251

CAPITAL AND RESERVES
Called up share capital 158,328 158,328
Retained earnings 936,805 863,923
SHAREHOLDERS' FUNDS 1,095,133 1,022,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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
(b)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.

MODELPLAIN LIMITED (REGISTERED NUMBER: 04163435)
TRADING AS GOONHAVERN GARDEN CENTRE

BALANCE SHEET - continued
31 DECEMBER 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 2 September 2022 and were signed on its behalf by:





E Scorse - Director


MODELPLAIN LIMITED (REGISTERED NUMBER: 04163435)
TRADING AS GOONHAVERN GARDEN CENTRE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Modelplain 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 Information page.

2. ACCOUNTING POLICIES

Basis of preparing 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - 4% to 5% on cost
Plant & Machinery - 15% on reducing balance or 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
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 equity.

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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MODELPLAIN LIMITED (REGISTERED NUMBER: 04163435)
TRADING AS GOONHAVERN GARDEN CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2020 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 340,136 106,230 446,366
Additions - 16,385 16,385
At 31 December 2021 340,136 122,615 462,751
DEPRECIATION
At 1 January 2021 235,678 50,104 285,782
Charge for year 14,770 12,995 27,765
At 31 December 2021 250,448 63,099 313,547
NET BOOK VALUE
At 31 December 2021 89,688 59,516 149,204
At 31 December 2020 104,458 56,126 160,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 11,694 9,259
Amounts owed by group undertakings 675,331 404,856
Other debtors 5,949 5,141
692,974 419,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 9,646 5,833
Trade creditors 130,745 76,425
Amounts owed to group undertakings 11,000 -
Taxation and social security 44,246 76,077
Other creditors 15,302 11,431
210,939 169,766

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 34,841 44,167

MODELPLAIN LIMITED (REGISTERED NUMBER: 04163435)
TRADING AS GOONHAVERN GARDEN CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2021 2020
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 4,167

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2021 2020
£    £   
Within one year 36,365 35,305
Between one and five years 149,442 147,620
In more than five years 376,179 414,365
561,986 597,290

9. OTHER FINANCIAL COMMITMENTS

A cross company guarantee was given in respect of the borrowings of other companies within the group.