Goodkat Ltd 12572510 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is that of an investment holding company Digita Accounts Production Advanced 6.30.9574.0 true false true 12572510 2023-10-01 2024-09-30 12572510 2024-09-30 12572510 core:FurtherSpecificReserve1ComponentTotalEquity 2024-09-30 12572510 core:RetainedEarningsAccumulatedLosses 2024-09-30 12572510 core:ShareCapital 2024-09-30 12572510 core:SharePremium 2024-09-30 12572510 core:CurrentFinancialInstruments 2024-09-30 12572510 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12572510 core:Non-currentFinancialInstruments 2024-09-30 12572510 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 12572510 core:AdditionsToInvestments 2024-09-30 12572510 core:CostValuation 2024-09-30 12572510 bus:SmallEntities 2023-10-01 2024-09-30 12572510 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12572510 bus:FilletedAccounts 2023-10-01 2024-09-30 12572510 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12572510 bus:RegisteredOffice 2023-10-01 2024-09-30 12572510 bus:Director1 2023-10-01 2024-09-30 12572510 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12572510 core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-01 2024-09-30 12572510 core:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 12572510 core:ShareCapital 2023-10-01 2024-09-30 12572510 core:SharePremium 2023-10-01 2024-09-30 12572510 countries:EnglandWales 2023-10-01 2024-09-30 12572510 2023-09-30 12572510 core:FurtherSpecificReserve1ComponentTotalEquity 2023-09-30 12572510 core:RetainedEarningsAccumulatedLosses 2023-09-30 12572510 core:ShareCapital 2023-09-30 12572510 core:SharePremium 2023-09-30 12572510 core:CostValuation 2023-09-30 12572510 2022-10-01 2023-09-30 12572510 2023-09-30 12572510 core:CurrentFinancialInstruments 2023-09-30 12572510 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12572510 core:Non-currentFinancialInstruments 2023-09-30 12572510 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 12572510 core:FurtherSpecificReserve1ComponentTotalEquity 2022-10-01 2023-09-30 12572510 core:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 12572510 core:ShareCapital 2022-10-01 2023-09-30 12572510 core:SharePremium 2022-10-01 2023-09-30 12572510 2022-09-30 12572510 core:FurtherSpecificReserve1ComponentTotalEquity 2022-09-30 12572510 core:RetainedEarningsAccumulatedLosses 2022-09-30 12572510 core:ShareCapital 2022-09-30 12572510 core:SharePremium 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 12572510

Goodkat Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Goodkat Ltd

Contents

Company Information

1

Statement of Financial Position

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 8

 

Goodkat Ltd

Company Information

Director

J-P Kley

Registered office

130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

Accountants

Brebners
Chartered Accountants
130 Shaftesbury Avenue
London
W1D 5AR

 

Goodkat Ltd

Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

926

925

Current assets

 

Debtors

5

2,954,077

3,045,122

Cash at bank and in hand

 

3,025

139

 

2,957,102

3,045,261

Creditors: Amounts falling due within one year

6

(516,132)

(444,405)

Net current assets

 

2,440,970

2,600,856

Total assets less current liabilities

 

2,441,896

2,601,781

Creditors: Amounts falling due after more than one year

6

(1,073,422)

(2,395,137)

Net assets

 

1,368,474

206,644

Capital and reserves

 

Called up share capital

 

14,032

7,020

Share premium reserve

2,491,607

1,094,060

Capital contribution

17,003

67,110

Retained earnings

(1,154,168)

(961,546)

Shareholders' funds

 

1,368,474

206,644

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Goodkat Ltd

Statement of Financial Position as at 30 September 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Statement of Income and Retained Earnings has been taken.

Approved and authorised by the director on 18 March 2025
 

.........................................

J-P Kley

Director

Company registration number: 12572510

 

Goodkat Ltd

Statement of Changes in Equity for the Year Ended 30 September 2024

Share capital
£

Share premium
£

Capital contribution
£

Retained earnings
£

Total
£

At 1 October 2022

7,020

1,094,060

43,119

(402,618)

741,581

Loss for the year

-

-

-

(558,928)

(558,928)

Equity component of convertible loan notes

-

-

23,991

-

23,991

Total comprehensive income

-

-

23,991

(558,928)

(534,937)

At 30 September 2023

7,020

1,094,060

67,110

(961,546)

206,644

Share capital
£

Share premium
£

Capital
contribution
£

Retained earnings
£

Total
£

At 1 October 2023

7,020

1,094,060

67,110

(961,546)

206,644

Loss for the year

-

-

-

(192,622)

(192,622)

Conversion of convertible loan notes

-

50,107

(50,107)

-

-

Total comprehensive income

-

50,107

(50,107)

(192,622)

(192,622)

New share capital subscribed

7,012

1,347,440

-

-

1,354,452

At 30 September 2024

14,032

2,491,607

17,003

(1,154,168)

1,368,474

 

Goodkat Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
LondonW1D 5EU

The principal activity of the company is that of an investment holding company.

2

Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Group accounts not prepared

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of management services and rental income in the ordinary course of the company's activities net of VAT discounts and rebates.

Revenue from management services and rental income are recognised evenly over the period to which they relate.

Going concern

The company made a loss for the year ended 30 September 2024, but had net assets at that date amounting to £1,368,474.

On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in the preparation of the financial statements.

 

Goodkat Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Goodkat Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Compound financial instruments

The company has chosen to adopt FRS 102 sections 11 and 12 in respect of financial instruments.

Compound financial instruments issued by the company comprise convertible loan notes that can be converted into share capital in the company upon certain future conditions being met.

The liability component of compound financial instruments is initially recognised at the fair value of a similar liability that does not have an equity conversion option. The equity component is initially recognised at the difference between the fair value of the compound financial instrument as a whole and the fair value of the liability component.

Subsequent to initial recognition, the liability component of a compound financial instrument is measured at amortised cost using the effective interest method. The equity component of a compound financial instrument is not re-measured subsequent to initial recognition except on conversion or expiry.

3

Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4

Investments

2024
£

2023
£

Investments in subsidiaries

926

925

Subsidiaries

£

Cost or valuation

At 1 October 2023

925

Additions

1

At 30 September 2024

926

Carrying amount

At 30 September 2024

926

At 30 September 2023

925

5

Debtors

2024
£

2023
£

Trade debtors

2,400

-

Amounts owed by group undertakings

2,948,103

3,025,654

Other debtors

3,574

19,468

2,954,077

3,045,122

 

Goodkat Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Loans and borrowings

7

200,023

136,080

Trade creditors

 

99,797

80,138

Amounts owed to group undertakings

 

186,145

218,888

Other creditors

 

30,167

9,299

 

516,132

444,405

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

7

1,073,422

2,395,137

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Convertible loan notes - liability component

200,023

136,080

2024
£

2023
£

Non-current loans and borrowings

Convertible loan notes - liability component

1,073,422

2,395,137

8

Related party transactions

In accordance with FRS102 paragraph 1AC.35, exemption is taken not to disclose transactions or amounts fully due in the period between group undertakings, where 100% of the voting rights are controlled with the group.

9

Reserves

Capital contribution represents the equity element component of the convertible loan notes in relation to the separation of the instrument between debt and equity components.

Share premium account includes any premiums received on issue of share capital.

Profit and loss account includes all current and prior period retained profits and losses.