Goony Enterprises Ltd - Filleted accounts


GOONY ENTERPRISES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 MARCH 2026



































Company Registration Number: 16074374

GOONY ENTERPRISES LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the financial statements									4 to 8

GOONY ENTERPRISES LTD

COMPANY INFORMATION
FOR THE PERIOD ENDED 31 MARCH 2026


DIRECTORS

C J D Schmidt
appointed 12 November 2024
R Schmidt
appointed 12 November 2024


SECRETARY

The company does not have an appointed secretary


REGISTERED OFFICE

Unit 2 Forest Works
Forest Road
Chalbury
Chipping Norton
Oxon
OX7 3HH


COMPANY REGISTRATION NUMBER

16074374 England and Wales

GOONY ENTERPRISES LTD

BALANCE SHEET
AS AT 31 MARCH 2026


	Notes	2026
		£

FIXED ASSETS
Investments	5		1,391,776

CURRENT ASSETS
Debtors	6	10,200
Cash at bank and in hand		1,197


		11,397

CREDITORS: Amounts falling due within one year	7	884,181
CREDITORS: Amounts falling due within one year


NET CURRENT LIABILITIES			(872,784)


TOTAL ASSETS LESS CURRENT LIABILITIES			518,992

CREDITORS: Amounts falling due after more than one year	8		541,809
CREDITORS: Amounts falling due after more than one year


NET (LIABILITIES)			(22,817)


CAPITAL AND RESERVES
Called up share capital			2
Distributable profit and loss account			(22,819)


SHAREHOLDERS' DEFICIT			(22,817)

GOONY ENTERPRISES LTD

BALANCE SHEET
AS AT 31 MARCH 2026


These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.

For the financial period ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

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.

As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.


Signed on behalf of the board of directors




C J D Schmidt
Director

Date approved by the board: 22 July 2026

GOONY ENTERPRISES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


1	GENERAL INFORMATION

	Goony Enterprises Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is:

	Unit 2 Forest Works
	Forest Road
	Chalbury
	Chipping Norton
	Oxon
	OX7 3HH

	The company incorporated on 12 November 2024 and started to trade on 25 November 2025.

	The financial statements are presented in Sterling, which is the functional currency of the company.

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Basis of preparation of financial statements

	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

	Going concern

	The accounts have been drawn up on the going concern basis. The company owes its bank £592,536 in the form of a term loan and the directors £822,195 which is repayable on demand. The company is therefore dependent upon the continued support of the bank and the directors. The directors do not consider their own support nor the support of the bank likely to be withdrawn.

	If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets.


	Revenue recognition

	Turnover represents rent receivable and cost recharges.

	The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.


	Investment properties

	Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.

	Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.

GOONY ENTERPRISES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026

2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Financial Instruments

	A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

	The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

	Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through the profit and loss account.

	Basic financial assets and financial liabilities are initially recognised at transaction price and measured at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction. They are subsequently carried at their amortised cost using the effective interest rate method, less any provision for impairment. If the effect of the time value of money is immaterial, they are measured at cost less impairment.

	Basic financial assets and liabilities which are measured at cost or amortised cost are reviewed for objective impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the profit and loss account immediately.

Any reversals of impairment are recognised in the profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset or liability which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


	Financing transactions are measured at the present value of the future receipts discounted at a market rate of interest. They are subsequently measured at amortised costs using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

	Debtors

	Short term debtors are measured at transaction price, less any impairment.

	Creditors

	Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.

GOONY ENTERPRISES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


2	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

	Taxation

	Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other taxable profits.

	Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

	Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.


	Current and deferred tax assets and liabilities are not discounted.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the period are shown as either accruals or prepayments in the balance sheet.

3	CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS

	The directors have made key assumptions in determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.

4	EMPLOYEES

	The average number of persons employed by the company (including directors) during the period was:

		2026
	Average number of employees	2

GOONY ENTERPRISES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


5	FIXED ASSET INVESTMENTS
		Investment Property
		£
	Cost
	Additions	1,391,776


	At 31 March 2026	1,391,776


	Net book value
	At 31 March 2026	1,391,776


	In the opinion of the directors, the investment property has been stated at fair value.

6	DEBTORS
		2026
		£
	Prepayments and accrued income	2,826
	Other debtors	7,374


		10,200


7	CREDITORS: Amounts falling due within one year
		2026
		£
	Bank loans and overdrafts	50,727
	Trade creditors	25
	Taxation and social security	3,324
	Accruals and deferred income	7,910
	Other creditors	822,195


		884,181


8	CREDITORS: Amounts falling due after more than one year
		2026
		£
	Bank loans and overdrafts	541,809


	Included in the amounts falling due after more than one year are the following amounts which are due in more
	than five years:
		2026
		£
	Bank loans and overdrafts	338,903

GOONY ENTERPRISES LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2026


9	SECURED DEBTS

	The company has a bank loan with National Westminster Bank PLC which is secured on all the freehold property of the company. The charge was created on 24 November 2025. A connected undertaking has provided a guarantee for the loan.

10	RELATED PARTY TRANSACTIONS

	During the period, the following transactions with related parties took place:

	C J D Schmidt
	Director		2026
			£
	Advances to company	The director made advances to the company which are repayable on demand. No interest has been charged on these advances. At the period end, the company owed the director the following amount:	419,613


	R Schmidt
	Director		2026
			£
	Advances to company	The director made advances to the company which are repayable on demand. No interest has been charged on these advances. At the period end, the company owed the director the following amount:	402,582