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REGISTERED NUMBER: 03258017 (England and Wales)















DOUBLE GOLD ENTERPRISES LIMITED

Unaudited Financial Statements

For The Year Ended 31 October 2023






DOUBLE GOLD ENTERPRISES LIMITED (REGISTERED NUMBER: 03258017)

Contents of the Financial Statements
For The Year Ended 31 October 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DOUBLE GOLD ENTERPRISES LIMITED

Company Information
For The Year Ended 31 October 2023







DIRECTOR: Dame K Holmes





REGISTERED OFFICE: Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH





REGISTERED NUMBER: 03258017 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

DOUBLE GOLD ENTERPRISES LIMITED (REGISTERED NUMBER: 03258017)

Abridged Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 825,255 823,073
Investments 5 107,191 103,964
Investment property 6 352,445 352,445
1,284,891 1,279,482

CURRENT ASSETS
Debtors 713,956 546,691
Cash at bank 660,169 534,518
1,374,125 1,081,209
CREDITORS
Amounts falling due within one year 157,102 78,292
NET CURRENT ASSETS 1,217,023 1,002,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,501,914

2,282,399

PROVISIONS FOR LIABILITIES 8,183 7,768
NET ASSETS 2,493,731 2,274,631

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,493,730 2,274,630
SHAREHOLDERS' FUNDS 2,493,731 2,274,631

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DOUBLE GOLD ENTERPRISES LIMITED (REGISTERED NUMBER: 03258017)

Abridged Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Dame K Holmes - Director


DOUBLE GOLD ENTERPRISES LIMITED (REGISTERED NUMBER: 03258017)

Notes to the Financial Statements
For The Year Ended 31 October 2023


1. STATUTORY INFORMATION

Double Gold Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax, from the provision of agency sales during the period. Turnover is recognised according to the stage of completion of the contract to which it relates. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 10% on reducing balance
Fixtures & fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

Investment property
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

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.

DOUBLE GOLD ENTERPRISES LIMITED (REGISTERED NUMBER: 03258017)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 896,300
Additions 9,727
At 31 October 2023 906,027
DEPRECIATION
At 1 November 2022 73,227
Charge for year 7,545
At 31 October 2023 80,772
NET BOOK VALUE
At 31 October 2023 825,255
At 31 October 2022 823,073

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 November 2022 103,964
Additions 3,818
Revaluations (591 )
At 31 October 2023 107,191
NET BOOK VALUE
At 31 October 2023 107,191
At 31 October 2022 103,964

DOUBLE GOLD ENTERPRISES LIMITED (REGISTERED NUMBER: 03258017)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 October 2023 is represented by:
Totals
£   
Valuation in 2023 (591 )
Cost 107,782
107,191

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 352,445
NET BOOK VALUE
At 31 October 2023 352,445
At 31 October 2022 352,445

Fair value at 31 October 2023 is represented by:
£   
Cost 352,445

Investment property have been valued on an open market basis by the director.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Dame K Holmes
Balance outstanding at start of year 1,518 -
Amounts advanced 21,466 61,523
Amounts repaid (22,984 ) (60,005 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,518