Company Registration No. 12152241 (England and Wales)
GO NATURE LTD
Unaudited accounts
for the year ended 31 May 2023
GO NATURE LTD
Unaudited accounts
Contents
GO NATURE LTD
Company Information
for the year ended 31 May 2023
Directors
R Kurien
J J Anithottathil
B George
R C Thomas
Company Number
12152241 (England and Wales)
Registered Office
66 Queens Road
Maidstone
ME16 0LG
England
Accountants
MCC Partners
Springhead Enterprise Park
Fleet House, Springhead Road
Ebbsfleet
Kent
DA11 8HJ
GO NATURE LTD
Statement of financial position
as at 31 May 2023
Investment property
363,780
363,780
Cash at bank and in hand
2,197
27
Creditors: amounts falling due within one year
(98,332)
(97,509)
Net current liabilities
(95,916)
(96,409)
Total assets less current liabilities
267,864
267,371
Creditors: amounts falling due after more than one year
(268,794)
(271,942)
Net liabilities
(930)
(4,571)
Called up share capital
4
4
Profit and loss account
(934)
(4,575)
Shareholders' funds
(930)
(4,571)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by
R Kurien
Director
Company Registration No. 12152241
GO NATURE LTD
Notes to the Accounts
for the year ended 31 May 2023
GO NATURE LTD is a private company, limited by shares, registered in England and Wales, registration number 12152241. The registered office is 66 Queens Road, Maidstone, ME16 0LG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 June 2022
363,780
Investment properties with a carrying amount of £363,780 were purchased during the year ended 31 May 2022. Based on the recent market transactions, the directors consider that the value of the property has not been changed since they were purchased on 03 February 2022 and 01 April 2022.
GO NATURE LTD
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Deferred tax asset
219
1,073
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,584
4,020
Other creditors
1,200
2,000
Loans from directors
93,068
91,009
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
268,794
271,942
The above contains two charges. £122,820 is a secured charge against the property at 3 Allington House, Tarragon Road, Madistone, ME16 0UF and £137,225 is a secured charge against the property at 88 Fennel Close, Maidstone ME16 0XT.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).