REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2022 |
FOR |
PROJECT GOAT HOLDCO LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2022 |
FOR |
PROJECT GOAT HOLDCO LIMITED |
PROJECT GOAT HOLDCO LIMITED (REGISTERED NUMBER: 09901449) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
PROJECT GOAT HOLDCO LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
35 Wilkinson Street |
Sheffield |
South Yorkshire |
S10 2GB |
PROJECT GOAT HOLDCO LIMITED (REGISTERED NUMBER: 09901449) |
BALANCE SHEET |
30 DECEMBER 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
PROJECT GOAT HOLDCO LIMITED (REGISTERED NUMBER: 09901449) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
1. | STATUTORY INFORMATION |
Project Goat Holdco Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The company is not part of a group, therefore these financial statements cover the entity as an individual company. |
The figures in the financial statements are rounded to the nearest £. |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company's balance sheet is reporting net current liabilities, but as the company's funders have indicated that they will continue to provide ongoing facilities to the company, the director has prepared the accounts on the basis that the company is a going concern. |
Financial instruments |
Financial Liabilities |
The company's other loans payable and director current accounts meet the definition of a basic financial instrument, so they are originally recognised at the transaction price. |
Debt instruments which are financing transactions at a rate of interest that is not a market rate. |
Where debt instruments are classified as long term liabilities, then the company measures these at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
Where debt instruments are classified as current liabilities, then there is no present value adjustment to the initial measurement based on amortised cost. |
Fixed asset investments |
- Investments in joint ventures |
Investments in joint ventures are recognised at cost. |
- Loans to joint ventures |
Loans to joint ventures are recognised at cost. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2021 - NIL). |
PROJECT GOAT HOLDCO LIMITED (REGISTERED NUMBER: 09901449) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
5. | FIXED ASSET INVESTMENTS |
2022 | 2021 |
£ | £ |
Participating interests |
Loans to undertakings in which the company has a participating interest |
Additional information is as follows: |
Interest |
in joint |
venture |
£ |
COST |
At 31 December 2021 |
and 30 December 2022 |
NET BOOK VALUE |
At 30 December 2022 |
At 30 December 2021 |
Loans to |
joint |
ventures |
£ |
At 31 December 2021 |
and 30 December 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
Other creditors |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2022 | 2021 |
value: | £ | £ |
Ordinary | 10p | 1,000 | 1,000 |
PROJECT GOAT HOLDCO LIMITED (REGISTERED NUMBER: 09901449) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 DECEMBER 2022 |
9. | RELATED PARTY DISCLOSURES |
During the year, the director has continued to provide the company with an interest free loan. At the year end, the amount due to the director was £724,275 (2021: £724,275) |
During the year, the company continued to provide a £999,900 interest free loan to an undertaking in which it holds a participating interest. At the year end, the amount due from this undertaking is £999,900 (2021: £999,900) |