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REGISTERED NUMBER: 07243607 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Goldlight Limited

Goldlight Limited (Registered number: 07243607)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Goldlight Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: Mrs M E Burton
P R Hobson





REGISTERED OFFICE: 3 Mount Pleasant Court
Crane Moor
Sheffield
South Yorkshire
S35 7BT





REGISTERED NUMBER: 07243607 (England and Wales)





ACCOUNTANTS: Paul Howley & Co Ltd
Chartered Certified Accountants
42 Pitt Street
Barnsley
South Yorkshire
S70 1BB

Goldlight Limited (Registered number: 07243607)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,609 1,171
Investment property 5 3,475,000 3,475,000
3,532,609 3,476,171

CURRENT ASSETS
Debtors 6 165,968 255,114
Cash at bank 273,598 79,843
439,566 334,957
CREDITORS
Amounts falling due within one year 7 108,445 159,884
NET CURRENT ASSETS 331,121 175,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,863,730

3,651,244

CREDITORS
Amounts falling due after more than one year 8 (18,333 ) (28,333 )

PROVISIONS FOR LIABILITIES (472,001 ) (333,699 )
NET ASSETS 3,373,396 3,289,212

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 3,373,295 3,289,111
3,373,396 3,289,212

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

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

Goldlight Limited (Registered number: 07243607)

Balance Sheet - continued
31 July 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 31 July 2024 and were signed on its behalf by:





P R Hobson - Director


Goldlight Limited (Registered number: 07243607)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Goldlight 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and Straight line over 3 years

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.

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.

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.

Goldlight Limited (Registered number: 07243607)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 1,756
Additions 66,827
At 31 July 2023 68,583
DEPRECIATION
At 1 August 2022 585
Charge for year 10,389
At 31 July 2023 10,974
NET BOOK VALUE
At 31 July 2023 57,609
At 31 July 2022 1,171

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 3,475,000
Disposals (50,000 )
Revaluations 50,000
At 31 July 2023 3,475,000
NET BOOK VALUE
At 31 July 2023 3,475,000
At 31 July 2022 3,475,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2020 1,919,385
Valuation in 2023 50,000
Cost 1,505,615
3,475,000

Goldlight Limited (Registered number: 07243607)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 1,505,615 1,553,426

The investment properties were valued on an open market basis on 31 July 2023 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 33,883 32,991
Other debtors 132,085 222,123
165,968 255,114

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,616 2,866
Taxation and social security 56,314 96,065
Other creditors 34,515 50,953
108,445 159,884

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 18,333 28,333

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
P R Hobson
Balance outstanding at start of year - -
Amounts advanced 100,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,000 -

Goldlight Limited (Registered number: 07243607)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

All advances to directors are unsecured and repayable on demand. The company charges interest on such advances at the official rate, where applicable.