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REGISTERED NUMBER: 02724875 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GOLDSBOROUGH COURT INVESTMENTS LIMITED

GOLDSBOROUGH COURT INVESTMENTS LIMITED (REGISTERED NUMBER: 02724875)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


GOLDSBOROUGH COURT INVESTMENTS LIMITED (REGISTERED NUMBER: 02724875)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 449 646
Investments in partnerships 5 234,574 244,247
Investment property 6 2,224,990 2,172,990
2,460,013 2,417,883

CURRENT ASSETS
Debtors 7 72,872 74,805
Cash at bank 57,997 238,974
130,869 313,779
CREDITORS
Amounts falling due within one year 8 816,350 1,012,860
NET CURRENT LIABILITIES (685,481 ) (699,081 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,774,532 1,718,802

PROVISIONS FOR LIABILITIES - 17,339
NET ASSETS 1,774,532 1,701,463

CAPITAL AND RESERVES
Called up share capital 9 31,250 31,250
Retained earnings 1,743,282 1,670,213
SHAREHOLDERS' FUNDS 1,774,532 1,701,463

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

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

GOLDSBOROUGH COURT INVESTMENTS LIMITED (REGISTERED NUMBER: 02724875)

BALANCE SHEET - continued
31 AUGUST 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 18 March 2024 and were signed on its behalf by:





C J Allman - Director


GOLDSBOROUGH COURT INVESTMENTS LIMITED (REGISTERED NUMBER: 02724875)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Goldsborough Court Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02724875

Registered office: 32 Oatlands Drive
Harrogate
North Yorkshire
HG2 8JR

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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment properties, which are properties held to earn rentals and/or for capital appreciation, are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently they are measured at fair value at the reporting end date. Changes in fair value are 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.

GOLDSBOROUGH COURT INVESTMENTS LIMITED (REGISTERED NUMBER: 02724875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 18,860 643 19,503
DEPRECIATION
At 1 September 2022 18,643 214 18,857
Charge for year 54 143 197
At 31 August 2023 18,697 357 19,054
NET BOOK VALUE
At 31 August 2023 163 286 449
At 31 August 2022 217 429 646

GOLDSBOROUGH COURT INVESTMENTS LIMITED (REGISTERED NUMBER: 02724875)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2022 244,247
Disposals (9,673 )
At 31 August 2023 234,574
NET BOOK VALUE
At 31 August 2023 234,574
At 31 August 2022 244,247

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 2,172,990
Additions 52,000
At 31 August 2023 2,224,990
NET BOOK VALUE
At 31 August 2023 2,224,990
At 31 August 2022 2,172,990

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 506
Other debtors 72,872 74,299
72,872 74,805

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,290 690
Taxation and social security 29,403 27,604
Other creditors 785,657 984,566
816,350 1,012,860

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
31,250 Ordinary 1 31,250 31,250