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REGISTERED NUMBER: 06188456 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GOLDSTOCK ESTATES LIMITED

GOLDSTOCK ESTATES LIMITED (REGISTERED NUMBER: 06188456)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GOLDSTOCK ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr D Damianos
Mrs T Damianos





REGISTERED OFFICE: 1-3 Georges Road
London
N7 8HD





REGISTERED NUMBER: 06188456 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

GOLDSTOCK ESTATES LIMITED (REGISTERED NUMBER: 06188456)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,309 -
Investment property 5 3,692,466 3,692,466
3,694,775 3,692,466

CURRENT ASSETS
Debtors 6 353,895 367,502
Cash at bank 370,565 404,945
724,460 772,447
CREDITORS
Amounts falling due within one year 7 1,398,402 1,421,050
NET CURRENT LIABILITIES (673,942 ) (648,603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,020,833

3,043,863

PROVISIONS FOR LIABILITIES 371,000 371,000
NET ASSETS 2,649,833 2,672,863

CAPITAL AND RESERVES
Called up share capital 1 1
Non distributable reserves 1,113,004 1,113,004
Retained earnings 1,536,828 1,559,858
SHAREHOLDERS' FUNDS 2,649,833 2,672,863

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

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

GOLDSTOCK ESTATES LIMITED (REGISTERED NUMBER: 06188456)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 13 August 2024 and were signed on its behalf by:





Mrs T Damianos - Director


GOLDSTOCK ESTATES LIMITED (REGISTERED NUMBER: 06188456)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Goldstock Estates 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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the company will have adequate resources to meet its liabilities to third parties as they fall due.

TURNOVER
Turnover represents rent receivable, net of value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

INVESTMENT PROPERTY
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the profits for the financial year would have been decreased by the amount of depreciation.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

GOLDSTOCK ESTATES LIMITED (REGISTERED NUMBER: 06188456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,886
At 31 December 2023 2,886
DEPRECIATION
Charge for year 577
At 31 December 2023 577
NET BOOK VALUE
At 31 December 2023 2,309

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 3,692,466
NET BOOK VALUE
At 31 December 2023 3,692,466
At 31 December 2022 3,692,466

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 3,692,466

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

2023 2022
£    £   
Cost 2,208,462 2,208,462

Investment properties were valued on a fair value basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,360 80,478
Amounts owed by group undertakings 302,192 281,348
Other debtors 5,343 5,676
353,895 367,502

GOLDSTOCK ESTATES LIMITED (REGISTERED NUMBER: 06188456)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,248,852 1,259,176
Taxation and social security 38,033 44,305
Other creditors 111,517 117,569
1,398,402 1,421,050

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of the directors, Mr D Damianos and Mrs T Damianos.

10. ULTIMATE PARENT COMPANY

The ultimate parent company is Damianos Holdings Limited, a company incorporated in England and Wales.