Silverfin false 31/03/2023 01/04/2022 31/03/2023 Edward John Leigh 09/11/2015 07 November 2023 The principal activity of the Company during the financial year was the letting out of residential properties. 09861865 2023-03-31 09861865 bus:Director1 2023-03-31 09861865 2022-03-31 09861865 core:CurrentFinancialInstruments 2023-03-31 09861865 core:CurrentFinancialInstruments 2022-03-31 09861865 core:Non-currentFinancialInstruments 2023-03-31 09861865 core:Non-currentFinancialInstruments 2022-03-31 09861865 core:ShareCapital 2023-03-31 09861865 core:ShareCapital 2022-03-31 09861865 core:RevaluationReserve 2023-03-31 09861865 core:RevaluationReserve 2022-03-31 09861865 core:RetainedEarningsAccumulatedLosses 2023-03-31 09861865 core:RetainedEarningsAccumulatedLosses 2022-03-31 09861865 core:LandBuildings 2022-03-31 09861865 core:FurnitureFittings 2022-03-31 09861865 core:LandBuildings 2023-03-31 09861865 core:FurnitureFittings 2023-03-31 09861865 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-03-31 09861865 core:RemainingRelatedParties core:CurrentFinancialInstruments 2022-03-31 09861865 bus:OrdinaryShareClass1 2023-03-31 09861865 2022-04-01 2023-03-31 09861865 bus:FullAccounts 2022-04-01 2023-03-31 09861865 bus:SmallEntities 2022-04-01 2023-03-31 09861865 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09861865 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09861865 bus:Director1 2022-04-01 2023-03-31 09861865 core:FurnitureFittings 2022-04-01 2023-03-31 09861865 2021-04-01 2022-03-31 09861865 core:LandBuildings 2022-04-01 2023-03-31 09861865 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 09861865 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09861865 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09861865 (England and Wales)

GOLDENEYE ESTATE HOLDING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

GOLDENEYE ESTATE HOLDING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

GOLDENEYE ESTATE HOLDING LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
GOLDENEYE ESTATE HOLDING LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTOR Edward John Leigh
REGISTERED OFFICE Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
United Kingdom
BUSINESS ADDRESS Hawkins Farm
Pebmarsh
Halstead
Essex
CO9 2NZ
COMPANY NUMBER 09861865 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
GOLDENEYE ESTATE HOLDING LIMITED

BALANCE SHEET

As at 31 March 2023
GOLDENEYE ESTATE HOLDING LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,056,842 2,929,382
3,056,842 2,929,382
Current assets
Debtors 4 6,283 1,501
Cash at bank and in hand 10,945 106,825
17,228 108,326
Creditors: amounts falling due within one year 5 ( 281,726) ( 436,623)
Net current liabilities (264,498) (328,297)
Total assets less current liabilities 2,792,344 2,601,085
Creditors: amounts falling due after more than one year 6 ( 2,063,693) ( 2,016,084)
Provision for liabilities 7 ( 156,760) ( 96,220)
Net assets 571,891 488,781
Capital and reserves
Called-up share capital 8 105 105
Revaluation reserve 517,327 452,867
Profit and loss account 54,459 35,809
Total shareholder's funds 571,891 488,781

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Goldeneye Estate Holding Limited (registered number: 09861865) were approved and authorised for issue by the Director on 07 November 2023. They were signed on its behalf by:

Edward John Leigh
Director
GOLDENEYE ESTATE HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
GOLDENEYE ESTATE HOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Goldeneye Estate Holding Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Gascoyne House, Moseleys Farm Business Centre, Fornham All Saints, Bury St Edmunds, Suffolk, IP28 6JY, United Kingdom. The principal place of business is Hawkins Farm, Pebmarsh, Halstead, Essex, CO9 2NZ.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and losses are recognised in profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Comprehensive Income as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Fixtures and fittings Total
£ £ £
Cost
At 01 April 2022 2,925,000 4,778 2,929,778
Additions 0 3,250 3,250
Revaluations 125,000 0 125,000
At 31 March 2023 3,050,000 8,028 3,058,028
Accumulated depreciation
At 01 April 2022 0 396 396
Charge for the financial year 0 790 790
At 31 March 2023 0 1,186 1,186
Net book value
At 31 March 2023 3,050,000 6,842 3,056,842
At 31 March 2022 2,925,000 4,382 2,929,382

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 180 0
Amounts owed by director 4,602 0
Other debtors 1,501 1,501
6,283 1,501

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 29,432 2,400
Amounts owed to related parties 234,068 186,563
Amounts owed to director 0 233,645
Accruals 2,945 4,660
Corporation tax 5,241 1,595
Other creditors 10,040 7,760
281,726 436,623

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 1,861,193 1,813,584
Other loans 202,500 202,500
2,063,693 2,016,084

Paratus Amc Limited and Paragon Bank Plc have 11 charges registered over the the company's freehold properties. The secured creditors amount to £1,890,625 ( 2022 - £1,815,984.

7. Provision for liabilities

2023 2022
£ £
Deferred tax 156,760 96,220

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
105 Ordinary shares of £ 1.00 each 105 105

9. Related party transactions

Transactions with owners holding a participating interest in the entity

2023 2022
£ £
Included within debtors is a director's overdrawn loan account. Interest at 2% has been charged on the overdrawn loan account. This loan was repaid on 6 November 2023. At 31 March 2022 there was a loan owing to the director. The loan from the director was interest free and there were no repayment terms. (4,602) 233,645

Other related party transactions

2023 2022
£ £
Mr E J Leigh, the company director, is also a director of Azure Luxury Hotel Collection Limited. Azure Luxury Hotel Collection Limited loaned Goldeneye Estate Holding Limited funds to finance the purchase of the company's residential properties. There is a loan owing to Azure Luxury Hotel Collection Limited at the year end. This loan is interest free and there are no terms of repayment. 234,068 186,563
Mr E J Leigh, the company director, is a trustee of The G I & E J Leigh Settlement Trust. There is a balance owing to The Trust for monies loaned to provide working capital to finance the purchase of the company's freehold properties. This loan is interest free and there are no terms of repayment. 202,500 202,500
During the year ended 31 March 2023 the company transferred £180 to it's holding company Goldeneye Holdings Limited to provide finances to cover it's bank charges. This money is owing at the year end and is included within debtors. (180) 0