2022-12-01 2023-11-30 12302816 GOLDEN KEY PROPERTY GROUP LTD false 12302816 2022-12-01 2023-11-30 12302816 uk-bus:Director1 2022-12-01 2023-11-30 12302816 uk-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12302816 uk-bus:SmallEntities 2022-12-01 2023-11-30 12302816 uk-bus:FullAccounts 2022-12-01 2023-11-30 12302816 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12302816 2022-12-01 12302816 2023-11-30 12302816 2022-11-30 xbrli:pure iso4217:GBP 12302816 2021-12-01 2022-11-30
Company Registration Number : 12302816 (England and Wales)
12302816
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-11-30
false
GOLDEN KEY PROPERTY GROUP LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-12-01
GOLDEN KEY PROPERTY GROUP LTD
Unaudited filleted financial statements
For the year ended 30 November 2023
GOLDEN KEY PROPERTY GROUP LTD
Contents
For the year ended 30 November 2023

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


GOLDEN KEY PROPERTY GROUP LTD
Company Information
For the year ended 30 November 2023

Company registration number 12302816 (England and Wales)
Director Lee Falica
Registered office address Seven Kings Squires Hill
Marham
King's Lynn
England
PE33 9HY
Accountant DNS Accountants Ltd
Chartered Management Accountants
382 Kenton Road
Harrow, Middlesex
United Kingdom
HA3 8DP
GOLDEN KEY PROPERTY GROUP LTD
Statement of Financial Position
For the year ended 30 November 2023

2023 2022
Notes £ £
Fixed assets
Investment Property 226,884 226,884
5 226,884 226,884
Current assets
Cash and cash equivalents 18,443 11,186
18,443 11,186
Current liabilities
Creditors: Amounts falling due within one year (63,154) (59,769)
Corporation tax payable (830) (496)
(63,984) (60,265)
Net current (liabilities)/assets (45,541) (49,079)
Total assets less current liabilities 181,343 177,804
Non-current liabilities
Creditors: Amounts falling due after more than one year (173,570) (173,570)
Net assets/(liabilities) 7,773 4,234
Capital and reserves
Called up share capital 1 1
Retained earnings 7,772 4,233
Shareholder's funds 7,773 4,234
For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 July 2024
.............................
Lee Falica (Director)
Company registration number: 12302816
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-11-30 30 November 2023
2023 2022
£ £
Fixed Assets 226,884 226,884
Current Assets 18,443 11,186
Creditors: amounts falling due within one year (63,984) (60,265)
Net current assets (liabilities) (45,541) (49,079)
Total assets less current liabilities 181,343 177,804
CREDITORS: Amounts falling due more than one year (173,570) (173,570)
Net Assets (liabilities) 7,773 4,234
Capital and Reserves 7,773 4,234
For the year ending 30/11/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 30-11-2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 25 July 2024 2024-07-25 and signed on behalf of the board,
.............................
Lee Falica
Director
Company registration number: 12302816
GOLDEN KEY PROPERTY GROUP LTD
Notes to the Financial Statements
For the year ended 30 November 2023

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Seven Kings Squires Hill, Marham, King's Lynn, England, PE33 9HY.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, cash and cash equivalents, trade and other payables, and loans and borrowings.

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instruments. Financial assets and financial liabilities are initially measured at fair value.
Loans and borrowings
These are initially recognised at fair value, based upon the nominal amount outstanding. Subsequent to initial recognition, they are recorded at amortised cost. Borrowing costs arising on bank borrowings are expensed as incurred within financial expense using the effective interest method.
Effective interest method
The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or where appropriate a shorter period, to the net carrying amount on initial recognition.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Investment Properties
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognized in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an ongoing basis.

(4) Employees
During the year, the average number of employees including director was 0 (2022 : 0).

(5) Fixed assets
Investments
Property
£
Cost
As at 01 December 2022226,884
As at 30 November 2023226,884
Depreciation/Amortisation
As at 30 November 2023-
Net book value
As at 30 November 2023226,884
As at 30 November 2022226,884

(6) Investment properties revaluation
FRS 102 1a requires deferred tax to be accounted for assets that are subject to revaluation. Consequently, no deferred tax was recognized on 30 November 2023 as there is no revaluation found during the year-end.

(7) Creditors > 1 year (Mortgage Loans
Mortgage loan secured by the property known as 32 Tennyson Avenue, king's Lynn PE30 2QS.