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REGISTERED NUMBER: 02692733 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Goldhammer Limited

Goldhammer Limited (Registered number: 02692733)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Goldhammer Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A E Carr
J W Foks
C E A Borg
K T Paskins FCA





SECRETARY: K T Paskins FCA





REGISTERED OFFICE: 18 Legat Close
Wadhurst
Kent
TN5 6FE





REGISTERED NUMBER: 02692733 (England and Wales)





AUDITORS: OPPENHEIMS Chartered Accountants
Statutory Auditors
Springfield
Cox Green Lane
Maidenhead
Berkshire
SL6 3EY

Goldhammer Limited (Registered number: 02692733)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,708 17,194
Investments 5 - 10,658
12,708 27,852

CURRENT ASSETS
Debtors 6 186,089 149,222
Cash at bank 433,023 528,967
619,112 678,189
CREDITORS
Amounts falling due within one year 7 178,772 186,901
NET CURRENT ASSETS 440,340 491,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,048

519,140

CAPITAL AND RESERVES
Called up share capital 8 182,144 451,144
Share premium 5,860 5,860
Retained earnings 265,044 62,136
SHAREHOLDERS' FUNDS 453,048 519,140

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 20 May 2024 and were signed on its behalf by:




J W Foks - Director



K T Paskins FCA - Director


Goldhammer Limited (Registered number: 02692733)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Goldhammer 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is recognised on the date of departure for events and other travel arrangements organised by the company.

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 - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other parties and investments in ordinary shares.

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.

Goldhammer Limited (Registered number: 02692733)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

Foreign currencies
Transactions in foreign currencies are converted into £stg at the exchange rate when received or paid.
Balances at the year end are translated into £stg values using the rate ruling at that date. Any revaluation differences are written off to the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 301,932
DEPRECIATION
At 1 April 2023 284,738
Charge for year 4,486
At 31 March 2024 289,224
NET BOOK VALUE
At 31 March 2024 12,708
At 31 March 2023 17,194

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 13,322
PROVISIONS
At 1 April 2023 2,664
Provision for year 10,658
At 31 March 2024 13,322
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 10,658

Goldhammer Limited (Registered number: 02692733)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Goldhammer Travel Limited
Registered office:
Nature of business: Transport services
%
Class of shares: holding
Ordinary 100.00

Mediacom 24-7 Limited
Registered office:
Nature of business: Transport services
%
Class of shares: holding
Ordinary 100.00

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 72,383 52,484
Amounts owed by group undertakings - 57,125
Other debtors 13,706 39,613
86,089 149,222

Amounts falling due after more than one year:
Trade debtors 100,000 -

Aggregate amounts 186,089 149,222

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 59,645 68,436
Amounts owed to group undertakings - 4,157
Taxation and social security 76,652 93,680
Other creditors 42,475 20,628
178,772 186,901

Included within Trade Creditors is an amount of £nil (2023 - £8,143) in respect of the outstanding BSP cash sales.

Goldhammer Limited (Registered number: 02692733)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
40,360 Ordinary 1.00 40,360 40,360
5,784 Ordinary voting 1.00 5,784 5,784
405,000 5% non cumulative preference
shares 1.00 136,000 405,000
182,144 451,144

By Special Resolutions dated 23rd and 26th February 2024 the Company redeemed 269,000 5% net, non-cumulative, non-participating preference shares of £1 each.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

N S Oppenheim (Senior Statutory Auditor)
for and on behalf of OPPENHEIMS Chartered Accountants

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have provided limited personal guarantees in respect of the Company's overdraft facility.