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REGISTERED NUMBER: 04971909 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

GOLDSITE PROPERTIES LIMITED

GOLDSITE PROPERTIES LIMITED (REGISTERED NUMBER: 04971909)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDSITE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: L R T Leeson





REGISTERED OFFICE: 1 Swan Wood Park
Gun Hill
Horam
East Sussex
TN21 0LL





REGISTERED NUMBER: 04971909 (England and Wales)





ACCOUNTANTS: Aequitas Limited
1 Swan Wood Park
Gun Hill
Horam
East Sussex
TN21 0LL

GOLDSITE PROPERTIES LIMITED (REGISTERED NUMBER: 04971909)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £   
CURRENT ASSETS
Debtors 5 97,905 110,905
Cash at bank 10,363 4,761
108,268 115,666
CREDITORS
Amounts falling due within one year 6 139,252 142,572
NET CURRENT LIABILITIES (30,984 ) (26,906 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,984

)

(26,906

)

CREDITORS
Amounts falling due after more than one
year

7

6,232

10,289
NET LIABILITIES (37,216 ) (37,195 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (37,316 ) (37,295 )
SHAREHOLDERS' FUNDS (37,216 ) (37,195 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

GOLDSITE PROPERTIES LIMITED (REGISTERED NUMBER: 04971909)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 22 August 2024 and were signed by:





L R T Leeson - Director


GOLDSITE PROPERTIES LIMITED (REGISTERED NUMBER: 04971909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Goldsite Properties 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.

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 - 33% on cost

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 (2022 - NIL).

GOLDSITE PROPERTIES LIMITED (REGISTERED NUMBER: 04971909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 1,386
DEPRECIATION
At 1 December 2022
and 30 November 2023 1,386
NET BOOK VALUE
At 30 November 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 97,905 110,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 4,057 3,957
Taxation and social security - 3,343
Other creditors 135,195 135,272
139,252 142,572

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 6,232 10,289

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period, Mr L R T Leeson decreased his loan to the company. As at 30 November 2023, the company owed him £13,126 (2022: £14,402). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

Mozillion Limited charged the company a management fee during the year of £15,300 ( 2023: £nil) At the balance sheet date the company owed Mozillion Limited £779 ( 2023: debtor £13,000). L Leeson is the sole director and majority of Mozillion Ltd.

An outstanding loan of £97,905 existed at the balance sheet date due from Springs Smokeries Limited, a company in which L Leeson is a shareholder.This is interest free and payable on demand.

GOLDSITE PROPERTIES LIMITED (REGISTERED NUMBER: 04971909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. ULTIMATE CONTROLLING PARTY

The controlling party is L R T Leeson.

This was by virtue of his 100% holding in the issued share capital.