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Registered number: 08219327
Wildgoose (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Montacs
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08219327
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 436,582 486,740
Investments 5 217,972 304,291
654,554 791,031
CURRENT ASSETS
Debtors 6 364,288 319,952
Cash at bank and in hand 7,451 1,433
371,739 321,385
Creditors: Amounts Falling Due Within One Year 7 (747,322 ) (759,640 )
NET CURRENT ASSETS (LIABILITIES) (375,583 ) (438,255 )
TOTAL ASSETS LESS CURRENT LIABILITIES 278,971 352,776
NET ASSETS 278,971 352,776
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 278,871 352,676
SHAREHOLDERS' FUNDS 278,971 352,776
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Gilmore
Director
29/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Wildgoose (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08219327 . The registered office is Blatchford Close, Horsham, West Sussex, RH13 5RF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received from its investment.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Held at valuation amount
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 492,040
Disposals (1,060)
As at 31 December 2023 490,980
Amortisation
As at 1 January 2023 5,300
Provided during the period 49,098
As at 31 December 2023 54,398
Net Book Value
As at 31 December 2023 436,582
As at 1 January 2023 486,740
5. Investments
Unlisted
£
Cost
As at 1 January 2023 304,291
Additions 4,261
Disposals (90,580 )
As at 31 December 2023 217,972
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 217,972
As at 1 January 2023 304,291
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 36,297 -
Amounts owed by group undertakings 327,991 319,952
364,288 319,952
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 6,916 1,576
Corporation tax - 13,218
Other creditors - 5,940
Accruals and deferred income 3,500 2,000
Amounts owed to group undertakings 736,906 736,906
747,322 759,640
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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