| Goldilocks Pillows Limited |
| Registered number: |
07544532 |
| Balance Sheet |
| as at 28 February 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Investments |
4 |
|
|
395,991 |
|
|
- |
|
| Current assets |
| Stocks |
|
|
- |
|
|
540 |
| Debtors |
5 |
|
933 |
|
|
119 |
| Cash at bank and in hand |
|
|
408 |
|
|
10,644 |
|
|
|
1,341 |
|
|
11,303 |
|
| Creditors: amounts falling due within one year |
6 |
|
(446,512) |
|
|
(65,476) |
|
| Net current liabilities |
|
|
|
(445,171) |
|
|
(54,173) |
| Net liabilities |
|
|
|
(49,180) |
|
|
(54,173) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(49,280) |
|
|
(54,273) |
|
| Shareholder's funds |
|
|
|
(49,180) |
|
|
(54,173) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| K S Bajwa |
| Director |
| Approved by the board on 25 September 2023 |
|
| Goldilocks Pillows Limited |
| Notes to the Accounts |
| for the year ended 28 February 2023 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern basis |
|
The director believes that not withstanding the accumulated losses to date and net liabilities at the year end, the company's finacial statements should be prepared on a going concern basis on the grounds that current and future sorces of funding or support from the director will be adequate to meet the company's needs for the period at least 12 months from the date of approval of these financial statements. |
|
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods supplied to customers. |
|
|
Tangible fixed assets |
|
Depreciation has been provided at the folowing rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
25% staraight line |
|
|
Investment property |
|
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rates expected to apply when the property is sold. |
|
|
|
|
|
Stocks |
|
Stock of pillows at the year end is valued at lower of cost and net realisable value. |
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office equipment |
| £ |
|
Cost |
|
At 1 March 2022 |
1,243 |
|
At 28 February 2023 |
1,243 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2022 |
1,243 |
|
At 28 February 2023 |
1,243 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 28 February 2023 |
- |
|
|
| 4 |
Investment property |
| Land & |
| buildings |
| £ |
|
Fair value |
|
At 1 March 2022 |
- |
|
Additions |
395,991 |
|
Disposals |
- |
|
Net gains or losses from fair value adjustments |
- |
|
At 28 February 2023 |
395,991 |
|
|
The director valued the property at the balance sheet date on market value basis. |
|
|
| 5 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade debtors |
- |
|
99 |
|
Other debtors |
933 |
|
20 |
|
|
|
|
|
|
933 |
|
119 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade creditors |
48 |
|
261 |
|
Due to associated company |
140,000 |
|
- |
|
Director's loan account |
|
291,978 |
|
58,982 |
|
Corporation tax |
937 |
|
- |
|
Other taxes and social security costs |
- |
|
798 |
|
Other creditors |
13,549 |
|
5,435 |
|
|
|
|
|
|
446,512 |
|
65,476 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
a) The company owes £140,000 to SOS (Sports Injury & Osteopathy Services) Clinic Limited - a company in which Mr K S Bajwa is the sole director and controls the company with his wife. b)Creditors at the balance sheet date include director's loan to the company in the amount of £291,978 (2022- £58,982). All balances in a) and b) above atttract nil rate of interest and are repayable on demand. |
|
|
| 7 |
Other information |
|
|
Goldilocks Pillows Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Ground Floor |
|
21 York Road |
|
Maidenhead |
|
Berks |
|
SL6 1SQ |