Registered number
11737360
GOODWILL PROPERTIES (MCR) LTD
Filleted Accounts
30 April 2024
GOODWILL PROPERTIES (MCR) LTD
Registered number: 11737360
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 265,496 265,496
Investments 4 20,000 10,000
285,496 275,496
Current assets
Debtors 5 16,250 650
Cash at bank and in hand 6,853 6,923
23,103 7,573
Creditors: amounts falling due within one year 6 (119,967) (111,651)
Net current liabilities (96,864) (104,078)
Total assets less current liabilities 188,632 171,418
Creditors: amounts falling due after more than one year 7 (189,644) (188,664)
Net liabilities (1,012) (17,246)
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,112) (17,346)
Shareholders' funds (1,012) (17,246)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Blessy Benjamin
Director
Approved by the board on 7 January 2025
GOODWILL PROPERTIES (MCR) LTD
Notes to the Accounts
for the period from 1 December 2023 to 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 30 April 2024 265,496
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 265,496
At 30 November 2023 265,496
4 Investments
Other
investments
£
Cost
At 1 December 2023 10,000
Additions 10,000
At 30 April 2024 20,000
5 Debtors 2024 2023
£ £
Other debtors 16,250 650
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 119,967 111,651
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 188,664 188,664
Obligations under finance lease and hire purchase contracts - -
189,644 188,664
8 Other information
GOODWILL PROPERTIES (MCR) LTD is a private company limited by shares and incorporated in England. Its registered office is:
13th Floor Piccadilly Plaza
New York Street
Manchester
England
M14 BT
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