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REGISTERED NUMBER: 09829231 (England and Wales)














Unaudited Financial Statements

for the Period 1 May 2022 to 31 October 2023

for

Goose and Cuckoo Llanover Ltd

Goose and Cuckoo Llanover Ltd (Registered number: 09829231)






Contents of the Financial Statements
for the Period 1 May 2022 to 31 October 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Goose and Cuckoo Llanover Ltd

Company Information
for the Period 1 May 2022 to 31 October 2023







DIRECTOR: Mrs S J Finch





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF





REGISTERED NUMBER: 09829231 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Goose and Cuckoo Llanover Ltd (Registered number: 09829231)

Abridged Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,150
Tangible assets 5 - 283,771
- 286,921

CURRENT ASSETS
Stocks - 2,044
Debtors 100,000 2,356
Cash at bank and in hand 18,307 2,060
118,307 6,460
CREDITORS
Amounts falling due within one year 60,384 18,172
NET CURRENT ASSETS/(LIABILITIES) 57,923 (11,712 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,923

275,209

CREDITORS
Amounts falling due after more than one year 6 (15,942 ) (219,756 )

PROVISIONS FOR LIABILITIES - (16,333 )

ACCRUALS AND DEFERRED INCOME - (3,879 )
NET ASSETS 41,981 35,241

Goose and Cuckoo Llanover Ltd (Registered number: 09829231)

Abridged Statement of Financial Position - continued
31 October 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves - 45,973
Retained earnings 41,881 (10,832 )
SHAREHOLDERS' FUNDS 41,981 35,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the period ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 July 2024 and were signed by:





Mrs S J Finch - Director


Goose and Cuckoo Llanover Ltd (Registered number: 09829231)

Notes to the Financial Statements
for the Period 1 May 2022 to 31 October 2023

1. STATUTORY INFORMATION

Goose and Cuckoo Llanover Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 with exception of freehold land and property which is held under the revaluation model. Improvements to property undertaken prior to revaluations are reclassified to freehold land and property where they form part of the freehold land and property revalued amount.

As the company ceased to trade during the financial period, the accounts in the current period have not been prepared on the going concern basis.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Government grants
Grant income is recognised in the profit and loss account for the initial twelve month interest free period of the Bounce Back Loan with an equal and corresponding finance charge recognised in expenses in the profit and loss account.

A similar treatment will apply for any further interest free periods taken up by the company during the
term of the loan. The annual rate of interest on the Bounce Back Loan is calculated according to the chancellor's pledge to fix this at 2.5%. The loan will be subsequently recorded at amortised cost using the annual rate of interest of 2.5%. This has been adopted on the basis the loan is considered a commercial business loan and therefore 2.5% annual interest is effectively the market rate of interest.

Other government grants are recognised as income in the profit and loss account when they are received as these are deemed to relate to the compensation of costs already suffered in the financial period.

Goose and Cuckoo Llanover Ltd (Registered number: 09829231)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 October 2023

2. ACCOUNTING POLICIES - continued

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

The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expenses in the period in which the the write-down or loss occurs.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

Goose and Cuckoo Llanover Ltd (Registered number: 09829231)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 October 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 9,000
Disposals (9,000 )
At 31 October 2023 -
AMORTISATION
At 1 May 2022 5,850
Amortisation for period 975
Eliminated on disposal (6,825 )
At 31 October 2023 -
NET BOOK VALUE

At 31 October 2023 -
At 30 April 2022 3,150

Goodwill was disposed in the current financial period on cessation of trade. This created a loss on disposal which is represented in the profit and loss account.

5. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 May 2022 300,231
Disposals (310,231 )
Revaluations 10,000
At 31 October 2023 -
DEPRECIATION
At 1 May 2022 16,460
Charge for period 2,689
Eliminated on disposal (19,149 )
At 31 October 2023 -
NET BOOK VALUE
At 31 October 2023 -
At 30 April 2022 283,771

Goose and Cuckoo Llanover Ltd (Registered number: 09829231)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2023 is represented by:

Totals
£   
Valuation in 2021 85,231
Valuation in 2022 (10,231 )
Valuation in 2023 10,000
Valuation in 2023 (280,000 )
Cost 195,000

If freehold land and building had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 211,619 211,619

Freehold land and building were valued on an open market basis on 30 April 2022 by the directors .

The freehold property was sold on 23 May 2023 along with the other tangible fixed assets.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 4,647 9,482
Other loans more 5yrs instal - 120,000
4,647 129,482

7. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,824 2,824

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,824 2,824
Other loans - 1-2 years - 14,900
2,824 17,724

Goose and Cuckoo Llanover Ltd (Registered number: 09829231)

Notes to the Financial Statements - continued
for the Period 1 May 2022 to 31 October 2023

7. LOANS - continued
2023 2022
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 8,471 8,471

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,647 9,482
Other loans more 5yrs instal - 120,000
4,647 129,482

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Commercial loan - 120,000

The commercial loan was secured on fixed and floating charges over the assets of the company. The charge against the company was satisfied on 24 May 2023.

9. OTHER FINANCIAL COMMITMENTS

The company had bank loan commitments in respect of a government bounce back loan of £18,582.43 (2022 - 23,600).

The company also had commitments in respect of unpaid net wages at the financial year end totalling £ 4,526 (2022 - £5,226).

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were no advances to directors at the financial year end (2022 - Nil).

11. RELATED PARTY DISCLOSURES

The director purchased the items of computer equipment within tangible fixed assets at the point of cessation for £250.