REGISTERED NUMBER: 03355407 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

A. GOONER LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr R I Kafton

Secretary:

Mrs S Kafton

Registered office:

Cedar House

179-181 Bramley Road

Oakwood

London

N14 4XA

Registered number:

03355407 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

305 Regents Park Road

Finchley

London

N3 1DP

Fixed assets

Tangible assets

3

220

293

Investment property

4

650,000

430,000

650,220

430,293

Current assets

Cash at bank

3,977

11,805

Creditors

Amounts falling due within one year

5

35,767

40,202

Net current liabilities

(31,790

)

(28,397

)

Total assets less current liabilities

618,430

401,896

Creditors

Amounts falling due after more than one year

6

(64,929

)

(85,886

)

Provisions for liabilities

7

(42,331

)

(13,847

)

Net assets

511,170

302,163

Capital and reserves

Called up share capital

100

100

Retained earnings

8

511,070

302,063

511,170

302,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 14 September 2017 and were signed by:

Mr R I Kafton - Director

1.	Statutory information

A. Gooner Ltd. is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well

as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of

revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried

out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate

as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried

out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as

possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed

off.

Turnover

Income from Land & Buildings is measured at the fair value of the consideration received or receivable,

excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Investment property

Investment properties are included in the balance sheet at their open market value, and the aggregate surplus

or deficit is transferred to the revaluation reserve. No depreciation is provided.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

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 future taxable profits.

Frs 102

The first date at which FRS 102 1A was applied was 01 May 2015. In accordance with FRS 102 the company

has:

- Provided comparative information;

- Applied the same accounting policies throughout all periods presented; and

- Retrospectively applied FRS 102 1A as required.

On transition, management have considered the effect of any changes in accounting treatment from UK GAAP

to FRS 102 1A for this company.

3.	Tangible fixed assets

Fixtures

and

fittings

£

Cost

At 1 May 2016

and 30 April 2017

13,942

Depreciation

At 1 May 2016

13,649

Charge for year

73

At 30 April 2017

13,722

Net book value

At 30 April 2017

220

At 30 April 2016

293

4.	Investment property

Total

£

Fair value

At 1 May 2016

430,000

Revaluations

220,000

At 30 April 2017

650,000

Net book value

At 30 April 2017

650,000

At 30 April 2016

430,000

Cost or valuation at 30 April 2017 is represented by:

£

Valuation in 2003

41,008

Valuation in 2005

70,728

Valuation in 2007

57,145

Valuation in 2009

(40,000

)

Valuation in 2017

220,000

Cost

301,119

650,000

The company's investment properties have been valued by the company director as at 30 April 2017 at open

market value.

5.

Creditors: amounts falling due within one year

2017

2016

£

£

Bank loans and overdrafts

22,945

22,945

Tax

4,368

3,729

Directors' current accounts

7,125

12,125

Accruals and deferred income

1,329

1,403

35,767

40,202

Bank loans and overdrafts are secured on two of the properties of the company. Additionally, there exists a

debenture deed secured by way of fixed and floating charges over the undertaking and all property and assets

present and future, including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and

machinery of the company.

6.

Creditors: amounts falling due after more than one year

2017

2016

£

£

Bank loans - 1-2 years

22,945

22,945

Bank loans - 2-5 years

41,984

62,941

64,929

85,886

Bank loans and overdrafts are secured on two of the properties of the company. Additionally, there exists a

debenture deed secured by way of fixed and floating charges over the undertaking and all property and assets

present and future, including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and

machinery of the company.

7.	Provisions for liabilities

2017

2016

£

£

Deferred tax

42,331

13,847

Deferred tax

£

Balance at 1 May 2016

13,847

Provided during year

28,484

Balance at 30 April 2017

42,331

8.

Reserves

Retained

earnings

£

At 1 May 2016

302,063

Profit for the year

209,007

At 30 April 2017

511,070

Included above in reserves, is an amount of £306,594 being undistributable reserves.

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 April 2017 and

30 April 2016:

2017

2016

£

£

Mr R I Kafton

Balance outstanding at start of year

(12,125

)

(17,125

)

Amounts advanced

5,000

5,000

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(7,125

)

(12,125

)

10.	First year adoption

The company has adopted FRS 102 1A for the year ended 30 April 2017, with the date of transition therefore

being 01 May 2015.

On transition, management have considered the effect of any changes in accounting treatment from UK GAAP

to FRS 102 1A for this company.