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Registered number: 05640384
Goodpost Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Parvez & Co.
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05640384
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,109,831 1,783,953
2,109,831 1,783,953
CURRENT ASSETS
Debtors 5 206,942 199,862
Investments 6 (3,000 ) (4,265 )
Cash at bank and in hand 101,922 20,667
305,864 216,264
Creditors: Amounts Falling Due Within One Year 7 (50,194 ) (7,800 )
NET CURRENT ASSETS (LIABILITIES) 255,670 208,464
TOTAL ASSETS LESS CURRENT LIABILITIES 2,365,501 1,992,417
Creditors: Amounts Falling Due After More Than One Year 8 (3,512,439 ) (2,903,431 )
NET LIABILITIES (1,146,938 ) (911,014 )
CAPITAL AND RESERVES
Called up share capital 9 3 3
Profit and Loss Account (1,146,941 ) (911,017 )
SHAREHOLDERS' FUNDS (1,146,938) (911,014)
Page 1
Page 2
For the year ending 30 November 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 Ali Mohammed Charchafchi
Director
23rd August 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
Goodpost Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05640384 . The registered office is 14 North End Road, London, W14 0SH.
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 or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 1% reducing balance method
Leasehold 2.2% reducing balance method
Fixtures & Fittings
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 4)
4 4
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4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2022 835,687 1,405,103 2,476 2,243,266
Additions - 364,053 - 364,053
As at 30 November 2023 835,687 1,769,156 2,476 2,607,319
Depreciation
As at 1 December 2022 56,389 401,974 950 459,313
Provided during the period 7,792 30,078 305 38,175
As at 30 November 2023 64,181 432,052 1,255 497,488
Net Book Value
As at 30 November 2023 771,506 1,337,104 1,221 2,109,831
As at 1 December 2022 779,298 1,003,129 1,526 1,783,953
5. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 16,610 1,413
Other debtors 10,000 10,000
Other debtors (1) 179,950 188,449
Other taxes and social security 382 -
206,942 199,862
6. Current Asset Investments
2023 2022
£ £
Short term deposits (3,000 ) (4,265 )
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 671 (19,430 )
Corporation tax (351 ) (351 )
Other taxes and social security - 1
Merk Property Limited 16,358 22,192
Other creditors (3) 27,500 -
Other creditors (4) 3,274 -
Accruals and deferred income 2,742 5,388
50,194 7,800
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 1,550,000 1,430,000
Shareholders Loan 1,960,439 1,480,439
Accruals and deferred income 2,000 (7,008 )
3,512,439 2,903,431
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 3 3
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