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REGISTERED NUMBER: 04433082 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Golden Beach Ltd

Golden Beach Ltd (Registered number: 04433082)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Golden Beach Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr J A J Baxter





SECRETARY: Mrs J E Baxter





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: 91 Millham Road
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 4BE





REGISTERED NUMBER: 04433082 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Golden Beach Ltd (Registered number: 04433082)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,698 37,190

CURRENT ASSETS
Stocks 5 1,077 855
Debtors 6 - 221
Cash at bank 328,033 319,389
329,110 320,465
CREDITORS
Amounts falling due within one year 7 8,030 5,141
NET CURRENT ASSETS 321,080 315,324
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,778

352,514

CAPITAL AND RESERVES
Called up share capital 8 4 4
Retained earnings 9 351,774 352,510
SHAREHOLDERS' FUNDS 351,778 352,514

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

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

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 director and authorised for issue on 22 July 2024 and were signed by:





Mr J A J Baxter - Director


Golden Beach Ltd (Registered number: 04433082)

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

1. STATUTORY INFORMATION

Golden Beach Ltd 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.

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 - at varying rates on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

Golden Beach Ltd (Registered number: 04433082)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 76,522 3,264 366 1,159 81,311
Additions - - - 232 232
Disposals - - - (599 ) (599 )
At 31 May 2024 76,522 3,264 366 792 80,944
DEPRECIATION
At 1 June 2023 42,116 1,077 250 678 44,121
Charge for year 5,229 1,077 29 235 6,570
Eliminated on disposal - - - (445 ) (445 )
At 31 May 2024 47,345 2,154 279 468 50,246
NET BOOK VALUE
At 31 May 2024 29,177 1,110 87 324 30,698
At 31 May 2023 34,406 2,187 116 481 37,190

5. STOCKS
31.5.24 31.5.23
£    £   
Stocks 1,077 855

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
VAT - 221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Corporation tax 1,195 -
Directors' current accounts 6,835 5,141
8,030 5,141

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 "A" Ordinary £1 2 2
2 "B" Ordinary £1 2 2
4 4

Golden Beach Ltd (Registered number: 04433082)

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

9. RESERVES
Retained
earnings
£   

At 1 June 2023 352,510
Profit for the year 264
Dividends (1,000 )
At 31 May 2024 351,774

10. RELATED PARTY DISCLOSURES

During the year the director, Mr J A J Baxter, made net deposits to his account of £1,694. The balance on his account at 31 May 2024 was £6,835 in credit (2023 - £5,141).

Also during the year Mr Baxter received net dividends from the company of £1,000 (2023 - £2,000).

11. ULTIMATE CONTROLLING PARTY

Mr J A J Baxter is the ultimate controlling party by virtue of his holding all of the company's issued voting share capital.