Gooding & Gooding Limited 12706334 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is the letting of its own investment property Digita Accounts Production Advanced 6.30.9574.0 true 12706334 2022-07-01 2023-06-30 12706334 2023-06-30 12706334 bus:OrdinaryShareClass1 bus:OtherShareType 2023-06-30 12706334 bus:OrdinaryShareClass2 bus:OtherShareType 2023-06-30 12706334 core:CurrentFinancialInstruments 2023-06-30 12706334 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 12706334 core:Non-currentFinancialInstruments 2023-06-30 12706334 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 12706334 bus:SmallEntities 2022-07-01 2023-06-30 12706334 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12706334 bus:FullAccounts 2022-07-01 2023-06-30 12706334 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12706334 bus:RegisteredOffice 2022-07-01 2023-06-30 12706334 bus:Director1 2022-07-01 2023-06-30 12706334 bus:Director2 2022-07-01 2023-06-30 12706334 bus:OrdinaryShareClass1 bus:OtherShareType 2022-07-01 2023-06-30 12706334 bus:OrdinaryShareClass2 bus:OtherShareType 2022-07-01 2023-06-30 12706334 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 12706334 countries:EnglandWales 2022-07-01 2023-06-30 12706334 2022-06-30 12706334 2021-07-01 2022-06-30 12706334 2022-06-30 12706334 bus:OrdinaryShareClass1 bus:OtherShareType 2022-06-30 12706334 bus:OrdinaryShareClass2 bus:OtherShareType 2022-06-30 12706334 core:CurrentFinancialInstruments 2022-06-30 12706334 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 12706334 core:Non-currentFinancialInstruments 2022-06-30 12706334 core:Non-currentFinancialInstruments core:AfterOneYear 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12706334

Gooding & Gooding Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2023

 

Gooding & Gooding Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Gooding & Gooding Limited

Company Information

Directors

Mr D J R Gooding

Mrs C L Scott

Registered office

4 Albert Road
West Bridgford
Nottingham
NG2 5GQ

Accountants

RWB CA Limited
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

 

Gooding & Gooding Limited

(Registration number: 12706334)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

289,000

289,000

Current assets

 

Debtors

5

386

323

Cash at bank and in hand

 

11,901

4,771

 

12,287

5,094

Creditors: Amounts falling due within one year

6

(92,001)

(88,304)

Net current liabilities

 

(79,714)

(83,210)

Total assets less current liabilities

 

209,286

205,790

Creditors: Amounts falling due after more than one year

6

(185,379)

(185,379)

Provisions for liabilities

(6,028)

(6,028)

Net assets

 

17,879

14,383

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

17,877

14,381

Shareholders' funds

 

17,879

14,383

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 March 2024 and signed on its behalf by:
 

.........................................
Mrs C L Scott
Director

 

Gooding & Gooding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

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:
4 Albert Road
West Bridgford
Nottingham
NG2 5GQ

These financial statements were authorised for issue by the Board on 7 March 2024.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises of rental income for residential properties, these are recognised when they become receivable by the company.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.

 

Gooding & Gooding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 July

289,000

At 30 June

289,000

The properties have been valued by the directors based on current market values and rental yields.

There has been no valuation of investment property by an independent valuer.

 

Gooding & Gooding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

5

Debtors

2023
£

2022
£

Prepayments

386

323

386

323

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

50

50

Amounts owed to group undertakings and undertakings in which the company has a participating interest

88,723

86,862

Other creditors

 

3,228

1,392

 

92,001

88,304

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

185,379

185,379

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

185,379

185,379

Secured Liabilities

Other borrowings of £185,379 (2022: £185,379) is secured, by fixed charged, over the investment property.

 

Gooding & Gooding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A share of £1 each

1

1

1

1

Ordinary B share of £1 each

1

1

1

1

 

2

2

2

2