Registration number:
Goodkat Ltd
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Goodkat Ltd
Contents
Company Information |
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Statement of Financial Position |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Goodkat Ltd
Company Information
Director |
J-P Kley |
Registered office |
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Accountants |
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Goodkat Ltd
Statement of Financial Position as at 30 September 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
14,032 |
7,020 |
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Share premium reserve |
2,491,607 |
1,094,060 |
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Capital contribution |
17,003 |
67,110 |
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Retained earnings |
(1,154,168) |
(961,546) |
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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:
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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
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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 |
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At 1 October 2022 |
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( |
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Loss for the year |
- |
- |
- |
( |
( |
Equity component of convertible loan notes |
- |
- |
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- |
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Total comprehensive income |
- |
- |
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( |
( |
At 30 September 2023 |
7,020 |
1,094,060 |
67,110 |
(961,546) |
206,644 |
Share capital |
Share premium |
Capital |
Retained earnings |
Total |
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At 1 October 2023 |
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( |
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Loss for the year |
- |
- |
- |
( |
( |
Conversion of convertible loan notes |
- |
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( |
- |
- |
Total comprehensive income |
- |
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( |
( |
( |
New share capital subscribed |
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- |
- |
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At 30 September 2024 |
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( |
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Goodkat Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of an investment holding company.
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
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
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.
Staff numbers |
The average number of persons employed by the company during the year, was
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 October 2023 |
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Additions |
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At 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Debtors |
2024 |
2023 |
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Trade debtors |
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- |
Amounts owed by group undertakings |
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Other debtors |
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Goodkat Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Loans and borrowings |
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Trade creditors |
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Amounts owed to group undertakings |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Loans and borrowings |
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Loans and borrowings |
2024 |
2023 |
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Current loans and borrowings |
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Convertible loan notes - liability component |
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2024 |
2023 |
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Non-current loans and borrowings |
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Convertible loan notes - liability component |
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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.
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.