Registered number
04350907
GOLDMARK MANAGEMENT LIMITED
Filleted Accounts
31 March 2023
GOLDMARK MANAGEMENT LIMITED
Registered number: 04350907
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 318 283
Investments 4 175,875 175,875
176,193 176,158
Current assets
Debtors 5 3,059 3,059
Cash at bank and in hand 7,131 52,509
10,190 55,568
Creditors: amounts falling due within one year 6 (8,539) (54,131)
Net current assets 1,651 1,437
Net assets 177,844 177,595
Capital and reserves
Called up share capital 100 100
Profit and loss account 177,744 177,495
Shareholders' funds 177,844 177,595
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A R Ganatra
Director
Approved by the board on 23 November 2023
GOLDMARK MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern basis
The accounts have been prepared on a going concern basis assuming continuing financial support by the shareholders.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment
£
Cost
At 1 April 2022 10,286
Additions 424
At 31 March 2023 10,710
Depreciation
At 1 April 2022 10,003
Charge for the year 389
At 31 March 2023 10,392
Net book value
At 31 March 2023 318
At 31 March 2022 283
4 Investments
Other
investments
£
Cost
At 1 April 2022 175,875
At 31 March 2023 175,875
Above investment is an unlisted investment in a property consortia.
5 Debtors 2023 2022
£ £
Other debtors and prepayments 3,059 3,059
6 Creditors: amounts falling due within one year 2023 2022
£ £
Shareholders' loans 1,979 46,579
Corporation tax 3,334 4,697
Other creditors 408 39
Accruals 2,818 2,816
8,539 54,131
7 Other information
GOLDMARK MANAGEMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
21 Top Park
Beckenham
Kent
BR3 6RU
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