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REGISTERED NUMBER: 09658945 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Gold Asset Europe Limited

Gold Asset Europe Limited (Registered number: 09658945)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gold Asset Europe Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: M Farabbi





REGISTERED OFFICE: 17 Grosvenor Street
Mayfair
London
W1K 4QG





REGISTERED NUMBER: 09658945 (England and Wales)






Gold Asset Europe Limited (Registered number: 09658945)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 961,382 811,834

CURRENT ASSETS
Debtors 5 18,166 113,800
Cash at bank 1,552,626 1,723,661
1,570,792 1,837,461
CREDITORS
Amounts falling due within one year 6 12,612 103,011
NET CURRENT ASSETS 1,558,180 1,734,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,519,562

2,546,284

CREDITORS
Amounts falling due after more than one
year

7

-

4,291
NET ASSETS 2,519,562 2,541,993

CAPITAL AND RESERVES
Called up share capital 650,000 650,000
Retained earnings 8 1,869,562 1,891,993
2,519,562 2,541,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Gold Asset Europe Limited (Registered number: 09658945)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 March 2024 and were signed by:





M Farabbi - Director


Gold Asset Europe Limited (Registered number: 09658945)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

The company is a private company limited by shares, registered in England and Wales. The
address of the registered office is 17 Grosvenor Street, Mayfair, London, W1K 4QG, England.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

The company has control of Modaverse Ltd, IPR Protocol Ltd (Ex Metacadastre Ltd) and My Asset srl, an Italian entity.

The company has:
500 shares in Anglo American PLC
1000 shares in GSK PLC
300 shares in Rio Tinto PLC
200 shares in Volkswagen
400 shares in BASF

Gold Asset Europe Limited (Registered number: 09658945)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 113,800
Prepayments and accrued income 18,166 -
18,166 113,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 7,096 100,000
Accruals and deferred income 5,516 1,800
Shareholders account - 1,211
12,612 103,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 4,291

8. RESERVES
Retained
earnings
£   

At 1 July 2022 1,891,993
Deficit for the year (22,431 )
At 30 June 2023 1,869,562