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REGISTERED NUMBER: 04263458 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GOSDEN INVESTMENT PROPERTY LIMITED

GOSDEN INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOSDEN INVESTMENT PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: I F Gosden





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
BH2 6NE





REGISTERED NUMBER: 04263458 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

GOSDEN INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,777,206 2,067,807

CURRENT ASSETS
Stocks 1,484,168 1,349,049
Cash at bank and in hand 138,090 39
1,622,258 1,349,088
CREDITORS
Amounts falling due within one year 5 2,656,599 2,717,597
NET CURRENT LIABILITIES (1,034,341 ) (1,368,509 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

742,865

699,298

CREDITORS
Amounts falling due after more than one
year

6

483,333

458,333
NET ASSETS 259,532 240,965

CAPITAL AND RESERVES
Called up share capital 750,000 750,000
Retained earnings (490,468 ) (509,035 )
259,532 240,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GOSDEN INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2024 and were signed by:





I F Gosden - Director


GOSDEN INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Gosden Investment Property 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents rent receivable for the period, excluding value added tax and property sales.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GOSDEN INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

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 2 (2023 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,067,807
Additions 13,289
Disposals (303,890 )
At 31 March 2024 1,777,206
NET BOOK VALUE
At 31 March 2024 1,777,206
At 31 March 2023 2,067,807

In the opinion of the director, the cost of the investment property represents fair value as at 31 March 2024 and 31 March 2023.

GOSDEN INVESTMENT PROPERTY LIMITED (REGISTERED NUMBER

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 112,809
Social security and other taxes 463 1,252
Other creditors 5,000 5,000
Directors' current accounts 2,337,276 2,284,776
Accruals and deferred income 313,860 313,760
2,656,599 2,717,597

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 33,333
Bank loans - 2-5 years 483,333 425,000
483,333 458,333

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 483,333 483,333

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company had received loans from the director of £2,335,181 (2023: £2,284,776) which are included in creditors: amounts falling due within one year. Accruals includes £312,008 (2023: £312,008) of interest on the loans at 4% per annum. The director waived his interest for the current year.

The loan is repayable on demand.