Golden Brook Limited 13350541 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is activities of other holding companies not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 13350541 2022-05-01 2023-04-30 13350541 2023-04-30 13350541 bus:OrdinaryShareClass1 2023-04-30 13350541 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-04-30 13350541 core:CurrentFinancialInstruments 2023-04-30 13350541 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13350541 core:Non-currentFinancialInstruments 2023-04-30 13350541 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 13350541 bus:SmallEntities 2022-05-01 2023-04-30 13350541 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 13350541 bus:FullAccounts 2022-05-01 2023-04-30 13350541 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 13350541 bus:RegisteredOffice 2022-05-01 2023-04-30 13350541 bus:Director1 2022-05-01 2023-04-30 13350541 bus:Director2 2022-05-01 2023-04-30 13350541 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 13350541 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 13350541 core:OtherRelatedParties 2022-05-01 2023-04-30 13350541 countries:EnglandWales 2022-05-01 2023-04-30 13350541 2021-04-21 2022-04-30 13350541 2022-04-30 13350541 bus:OrdinaryShareClass1 2022-04-30 13350541 core:CurrentFinancialInstruments 2022-04-30 13350541 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 13350541 core:Non-currentFinancialInstruments 2022-04-30 13350541 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13350541

Golden Brook Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2023

 

Golden Brook Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Golden Brook Limited

Company Information

Directors

Rebecca Claire Harbey

Robert David Harbey

Registered office

6 Maple Grove
Breaston
Derby
DE72 3BN

 

Golden Brook Limited

(Registration number: 13350541)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

4

4,815,004

3,067,996

Current assets

 

Debtors

5

4,182

3,702

Cash at bank and in hand

 

134,400

2,005,644

 

138,582

2,009,346

Creditors: Amounts falling due within one year

6

(7,180)

(9,750)

Net current assets

 

131,402

1,999,596

Total assets less current liabilities

 

4,946,406

5,067,592

Creditors: Amounts falling due after more than one year

6

(5,000,000)

(5,000,000)

Provisions for liabilities

-

(16,845)

Net (liabilities)/assets

 

(53,594)

50,747

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(53,694)

50,647

Shareholders' (deficit)/funds

 

(53,594)

50,747

For the financial year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Golden Brook Limited

(Registration number: 13350541)
Balance Sheet as at 30 April 2023

Approved and authorised by the Board on 24 April 2024 and signed on its behalf by:
 


Robert David Harbey
Director

 

Golden Brook Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Maple Grove
Breaston
Derby
DE72 3BN

These financial statements were authorised for issue by the Board on 24 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been prepared in UK Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Golden Brook Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Golden Brook Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 0).

4

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 May 2022

2,994,504

2,994,504

Additions

3,887,048

3,887,048

Disposals

(2,027,494)

(2,027,494)

At 30 April 2023

4,854,058

4,854,058

Impairment

At 1 May 2022

(73,492)

(73,492)

Transfers

112,546

112,546

At 30 April 2023

39,054

39,054

Carrying amount

At 30 April 2023

4,815,004

4,815,004

5

Debtors

Current

2023
£

2022
£

Other debtors

4,182

3,702

 

Golden Brook Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

3,480

-

Accruals and deferred income

3,700

9,750

7,180

9,750

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

5,000,000

5,000,000

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

5,000,000

5,000,000

9

Related party transactions

Summary of transactions with other related parties

During the previous accounting period the company received a loan of £5,000,000 from the Harbey Family Trust. No interest was charged on the loan received, which remained outstanding at the year end date.