13 March 2023 false Taxfiler 2024.5 true 14533701business:PrivateLimitedCompanyLtd2023-03-132023-12-31 145337012023-03-12 145337012023-03-132023-12-31 14533701business:AuditExemptWithAccountantsReport2023-03-132023-12-31 14533701business:FilletedAccounts2023-03-132023-12-31 145337012023-12-31 14533701business:Director12023-03-132023-12-31 14533701business:Director22023-03-132023-12-31 14533701business:RegisteredOffice2023-03-132023-12-31 14533701core:WithinOneYear2023-12-31 14533701core:AfterOneYear2023-12-31 14533701core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 14533701core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 14533701core:PreviouslyStatedAmount2023-12-31 14533701business:SmallEntities2023-03-132023-12-31 14533701countries:EnglandWales2023-03-132023-12-31 14533701core:LandBuildings2023-03-132023-12-31 14533701core:LandBuildings2023-03-12 14533701core:LandBuildings2023-12-31 14533701core:AfterOneYear2023-03-132023-12-31 14533701business:OrdinaryShareClass12023-03-132023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14533701 (England and Wales)
Goodmayes Asset Ltd Unaudited accounts for the period from 13 March 2023 to 31 December 2023
Goodmayes Asset Ltd Unaudited accounts Contents
Page
- 2 -
Goodmayes Asset Ltd Company Information for the period from 13 March 2023 to 31 December 2023
Directors
Bo Liu Miao Liu
Company Number
14533701 (England and Wales)
Registered Office
2 Quebec Road Ilford Essex IG1 4TX England
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
- 3 -
Goodmayes Asset Ltd Statement of financial position as at 31 December 2023
2023 
Notes
£ 
Called up share capital not paid
100 
Fixed assets
Tangible assets
255,599 
Current assets
Inventories
14,583 
Cash at bank and in hand
10,416 
24,999 
Creditors: amounts falling due within one year
(25,574)
Net current liabilities
(575)
Total assets less current liabilities
255,124 
Creditors: amounts falling due after more than one year
(255,599)
Net liabilities
(475)
Capital and reserves
Called up share capital
100 
Profit and loss account
(575)
Shareholders' funds
(475)
For the period 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 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 14 August 2024 and were signed on its behalf by
Miao Liu Director Company Registration No. 14533701
- 4 -
Goodmayes Asset Ltd Notes to the Accounts for the period from 13 March 2023 to 31 December 2023
1
Statutory information
Goodmayes Asset Ltd is a private company, limited by shares, registered in England and Wales, registration number 14533701. The registered office is 2 Quebec Road, Ilford, Essex, IG1 4TX, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Freehold
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
- 5 -
Goodmayes Asset Ltd Notes to the Accounts for the period from 13 March 2023 to 31 December 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 13 March 2023
- 
Additions
255,599 
At 31 December 2023
255,599 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
255,599 
5
Creditors: amounts falling due within one year
2023 
£ 
Other creditors
11,250 
Loans from directors
13,750 
Accruals
574 
25,574 
6
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
135,505 
Loans from directors
120,094 
255,599 
The company has total secured liability to the value of £135,505 which comprise of loan. The loan is secured by way of a first legal mortgage over the the land forming part of Goodmayes Church, Percy Road, Ilford IG3 8U.
7
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
8
Average number of employees
During the period the average number of employees was 2.
- 6 -