Company Registration No. 12482742 (England and Wales)
Goodloans Limited
Unaudited accounts
for the year ended 31 March 2026
Goodloans Limited
Unaudited accounts
Contents
Goodloans Limited
Company Information
for the year ended 31 March 2026
Directors
Zaki Oliver Alabi Giwa
Ioannis Begleris
Company Number
12482742 (England and Wales)
Registered Office
3rd Floor
86-90 Paul Street
London
EC2A 4NE
United Kingdom
Accountants
The Accountancy Cloud
Level 5a
Maple House
149 Tottenham Court Road
London
W1T 7NF
Goodloans Limited
Statement of financial position
as at 31 March 2026
Intangible assets
8,009
12,014
Tangible assets
1,635
2,104
Cash at bank and in hand
71,503
236,030
Creditors: amounts falling due within one year
(76,342)
(19,644)
Net current assets
105,005
270,278
Net assets
114,649
284,396
Called up share capital
1,134
100
Capital contribution reserve
274,161
925,351
Profit and loss account
(811,702)
(641,055)
Shareholders' funds
114,649
284,396
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by
Zaki Oliver Alabi Giwa
Director
Company Registration No. 12482742
Goodloans Limited
Notes to the Accounts
for the year ended 31 March 2026
Goodloans Limited is a private company, limited by shares, registered in England and Wales, registration number 12482742. The registered office is 3rd Floor, 86-90 Paul Street, London, EC2A 4NE, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The financial statements have been prepared on a going concern basis. In making this assessment, the director has considered the company’s financial position, cash flow forecasts and available financing for a period of at least twelve months from the date of approval of the financial statements.
The director is satisfied that the company has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis in preparing these financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
Expenditure on research and development is written off in the year in which it is incurred.
Research and development tax credit
During the financial year, Goodloans Limited received tax credits for qualifying research and development expenditure under the Research and Development tax relief scheme. These are presented as tax repayments in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodloans Limited
Notes to the Accounts
for the year ended 31 March 2026
Basic financial assets, including trade and other debtors and cash and bank balances, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method, less any impairment.
Basic financial liabilities, including trade and other creditors and borrowings, are initially recognised at transaction price and subsequently measured at amortised cost using the effective interest method.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Amounts received under Simple Agreements for Future Equity ("SAFE") or Advanced Subscription Agreements ("ASA") are recognised within equity where the terms of the agreement do not create a contractual obligation for the company to deliver cash or another financial asset. Amounts received are recognised as capital contributions until conversion into equity shares or other settlement in accordance with the agreement terms.
During the year, an error was identified relating to the timing of recognition of the research and development tax credit. The prior year figures have therefore been restated.
The effect of the restatement on the balance sheet at 31 March 2025 was as follows:
Accrued Income increased by £44,316, from £6,475 to £50,791.
Accruals increased by £4,432, from £nil to £4,432.
The effect of the restatement on the profit and loss for the year ended 28 February 2025 was as follows:
Corporation tax income increased by £44,316.
Audit and accountancy fees increased by £4,432, from £3,730 to £8,162.
Overall, the loss decreased by £39,884, from a loss of £199,931 to a loss of £160,176.
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Intangible fixed assets
Other
Goodloans Limited
Notes to the Accounts
for the year ended 31 March 2026
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
72,834
50,791
7
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
64,649
13,047
8
Average number of employees
During the year the average number of employees was 2 (2025: 2).