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REGISTERED NUMBER: 06804595 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED

GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED (REGISTERED NUMBER: 06804595)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2023







DIRECTOR: Mr M J Evans





REGISTERED OFFICE: Fountain Farm House
South End
Milton Bryan
Beds
MK17 9HS





REGISTERED NUMBER: 06804595 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED (REGISTERED NUMBER: 06804595)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,341 63,968
Investments 5 641,800 641,800
718,141 705,768

CURRENT ASSETS
Stocks 6 10,445,759 10,562,745
Debtors 7 94,239 90,846
Cash at bank 287,300 314,828
10,827,298 10,968,419
CREDITORS
Amounts falling due within one year 8 8,655,858 9,693,802
NET CURRENT ASSETS 2,171,440 1,274,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,889,581

1,980,385

CREDITORS
Amounts falling due after more than one
year

9

(828,240

)

(43,995

)

PROVISIONS FOR LIABILITIES 12 (6,697 ) -
NET ASSETS 2,054,644 1,936,390

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,054,544 1,936,290
SHAREHOLDERS' FUNDS 2,054,644 1,936,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED (REGISTERED NUMBER: 06804595)

BALANCE SHEET - continued
31 JANUARY 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 director and authorised for issue on 29 September 2023 and were signed by:





Mr M J Evans - Director


GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED (REGISTERED NUMBER: 06804595)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2023

1. STATUTORY INFORMATION

Goldcrest Developments (Campbell Park) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Tangible fixed assets are initially measured at cost and subsequently at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Work in progress
Work in progress includes raw materials and consumable stock, land for development, direct labour, other direct costs and related overheads appropriate to the relevant stage of completion. Work in progress is stated at the lower of cost and estimated selling price less costs to complete and sell. Work in progress is recognised as an expense in the period in which the related revenue is recognised.

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 balance sheet date.


GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED (REGISTERED NUMBER: 06804595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 72,141 5,434 173,294 6,706 257,575
Additions 25,478 - 19,995 1,790 47,263
Disposals - - (60,358 ) - (60,358 )
At 31 January 2023 97,619 5,434 132,931 8,496 244,480
DEPRECIATION
At 1 February 2022 27,706 5,434 154,484 5,983 193,607
Charge for year 9,762 - 8,720 1,319 19,801
Eliminated on disposal - - (45,269 ) - (45,269 )
At 31 January 2023 37,468 5,434 117,935 7,302 168,139
NET BOOK VALUE
At 31 January 2023 60,151 - 14,996 1,194 76,341
At 31 January 2022 44,435 - 18,810 723 63,968

GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED (REGISTERED NUMBER: 06804595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2022 60,358
Disposals (60,358 )
At 31 January 2023 -
DEPRECIATION
At 1 February 2022 45,269
Eliminated on disposal (45,269 )
At 31 January 2023 -
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 15,089

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2022
and 31 January 2023 641,800
NET BOOK VALUE
At 31 January 2023 641,800
At 31 January 2022 641,800

6. STOCKS
2023 2022
£    £   
Work-in-progress 10,445,759 10,562,745

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 295 1,306
Other debtors 76,163 67
VAT 14,840 66,535
Deferred tax asset - 9,333
Prepayments 2,941 13,605
94,239 90,846

GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED (REGISTERED NUMBER: 06804595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 847,772 2,238,107
Hire purchase contracts (see note 10) 525,010 531,182
Trade creditors 145,750 461,292
Corporation tax 463,323 120,142
Taxation and social security 9,530 2,760
Other creditors 6,121,543 5,797,389
Director's loan account 537,930 537,930
Accrued expenses 5,000 5,000
8,655,858 9,693,802

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more than 5 years 828,240 -
Hire purchase contracts (see note 10) - 43,995
828,240 43,995

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 828,240 -

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 525,010 531,182
Between one and five years - 43,995
525,010 575,177

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,676,012 2,238,107
Hire purchase contracts 525,010 575,177
2,201,022 2,813,284

The bank loan is secured by way of a fixed charged over the companies properties, owned now or in the future. The hire purchase is secured against the unlisted investment.

GOLDCREST DEVELOPMENTS (CAMPBELL PARK)
LIMITED (REGISTERED NUMBER: 06804595)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2023

12. PROVISIONS FOR LIABILITIES
2023
£   
Deferred tax 6,697

Deferred
tax
£   
Balance at 1 February 2022 (9,333 )
Provided during year 16,030
Balance at 31 January 2023 6,697