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REGISTERED NUMBER: 10631413 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

GOLDHAWK DEVELOPMENTS LIMITED

GOLDHAWK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10631413)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company information 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 6


GOLDHAWK DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: Miss C Hawkins
Mr T Golder





REGISTERED OFFICE: 14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS





REGISTERED NUMBER: 10631413 (England and Wales)





ACCOUNTANTS: NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS

GOLDHAWK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10631413)

STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 24,620 20,175

CURRENT ASSETS
Inventories 440,372 378,266
Debtors 5 11,641 1,645
Cash at bank 371 204,137
452,384 584,048
CREDITORS
Amounts falling due within one year 6 272,109 394,749
NET CURRENT ASSETS 180,275 189,299
TOTAL ASSETS LESS CURRENT LIABILITIES 204,895 209,474

CREDITORS
Amounts falling due after more than one year 7 (123,333 ) (133,333 )

PROVISIONS FOR LIABILITIES (4,678 ) (3,833 )
NET ASSETS 76,884 72,308

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 76,882 72,306
SHAREHOLDERS' FUNDS 76,884 72,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GOLDHAWK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10631413)

STATEMENT OF FINANCIAL POSITION - continued
28TH FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th October 2023 and were signed on its behalf by:





Miss C Hawkins - Director


GOLDHAWK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10631413)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

Goldhawk Developments Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GOLDHAWK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10631413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st March 2022 14,000 17,200 31,200
Additions - 12,652 12,652
At 28th February 2023 14,000 29,852 43,852
DEPRECIATION
At 1st March 2022 3,500 7,525 11,025
Charge for year 2,625 5,582 8,207
At 28th February 2023 6,125 13,107 19,232
NET BOOK VALUE
At 28th February 2023 7,875 16,745 24,620
At 28th February 2022 10,500 9,675 20,175

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 11,641 1,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 14,788 10,000
Trade creditors - (1 )
Taxation and social security 20,559 14,894
Other creditors 236,762 369,856
272,109 394,749

GOLDHAWK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10631413)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 23,333 33,333
Other creditors 100,000 100,000
123,333 133,333