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REGISTERED NUMBER: 02901702 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Golds Leisure Limited

Golds Leisure Limited (Registered number: 02901702)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Golds Leisure Limited

Company Information
for the Year Ended 31st March 2023







DIRECTORS: Mrs F Hennessy
R Hennessy
Mrs L McAndrew
P A McAndrew





REGISTERED OFFICE: C/O OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Billingham
TS23 4EA





REGISTERED NUMBER: 02901702 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Golds Leisure Limited (Registered number: 02901702)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 3 1 1
Investment property 4 1,341,583 1,341,583
1,341,584 1,341,584

CURRENT ASSETS
Debtors 5 627 626
Cash at bank and in hand 60,517 36,630
61,144 37,256
CREDITORS
Amounts falling due within one year 6 (646,018 ) (643,739 )
NET CURRENT LIABILITIES (584,874 ) (606,483 )
TOTAL ASSETS LESS CURRENT LIABILITIES 756,710 735,101

CREDITORS
Amounts falling due after more than one
year

7

(688,619

)

(696,269

)
NET ASSETS 68,091 38,832

CAPITAL AND RESERVES
Called up share capital 800 800
Share premium 19,999 19,999
Retained earnings 47,292 18,033
68,091 38,832

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

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

Golds Leisure Limited (Registered number: 02901702)

Balance Sheet - continued
31st March 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 11th March 2024 and were signed on its behalf by:





R Hennessy - Director


Golds Leisure Limited (Registered number: 02901702)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. 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.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

2. EMPLOYEES AND DIRECTORS

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

Golds Leisure Limited (Registered number: 02901702)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

3. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st April 2022
and 31st March 2023 1
NET BOOK VALUE
At 31st March 2023 1
At 31st March 2022 1

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 1,341,583
NET BOOK VALUE
At 31st March 2023 1,341,583
At 31st March 2022 1,341,583

The directors see no benefit in revaluing the property.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 627 626

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,707 6,128
Other creditors 640,311 637,611
646,018 643,739

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 688,619 696,269

Golds Leisure Limited (Registered number: 02901702)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 688,619 696,269