IRIS Accounts Production v24.2.0.383 03325718 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033257182023-03-31033257182024-03-31033257182023-04-012024-03-31033257182022-03-31033257182022-04-012023-03-31033257182023-03-3103325718ns15:EnglandWales2023-04-012024-03-3103325718ns14:PoundSterling2023-04-012024-03-3103325718ns10:Director12023-04-012024-03-3103325718ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103325718ns10:SmallEntities2023-04-012024-03-3103325718ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103325718ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103325718ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103325718ns10:FullAccounts2023-04-012024-03-3103325718ns10:OrdinaryShareClass12023-04-012024-03-3103325718ns10:Director22023-04-012024-03-3103325718ns10:CompanySecretary12023-04-012024-03-3103325718ns10:RegisteredOffice2023-04-012024-03-3103325718ns5:CurrentFinancialInstruments2024-03-3103325718ns5:CurrentFinancialInstruments2023-03-3103325718ns5:ShareCapital2024-03-3103325718ns5:ShareCapital2023-03-3103325718ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3103325718ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3103325718ns5:RetainedEarningsAccumulatedLosses2024-03-3103325718ns5:RetainedEarningsAccumulatedLosses2023-03-3103325718ns5:ComputerEquipment2023-04-012024-03-3103325718ns5:ComputerEquipment2023-03-3103325718ns5:ComputerEquipment2024-03-3103325718ns5:ComputerEquipment2023-03-3103325718ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103325718ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3103325718ns5:DeferredTaxation2023-03-3103325718ns5:DeferredTaxation2023-04-012024-03-3103325718ns5:DeferredTaxation2024-03-3103325718ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 03325718 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GOLDBRIDGE PROPERTIES LIMITED

GOLDBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 03325718)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDBRIDGE PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr Andreas Kyprianou
Mr A Kyprianou





SECRETARY: Mr K Kyprianou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 03325718 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

GOLDBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 03325718)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,426 2,129
Investment property 5 2,493,086 2,489,794
2,494,512 2,491,923

CURRENT ASSETS
Debtors 6 738,063 592,633
Cash at bank 37,402 170,060
775,465 762,693
CREDITORS
Amounts falling due within one year 7 434,469 456,167
NET CURRENT ASSETS 340,996 306,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,835,508

2,798,449

PROVISIONS FOR LIABILITIES 8 180,345 190,505
NET ASSETS 2,655,163 2,607,944

CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair value reserve 1,113,456 1,103,296
Retained earnings 1,541,705 1,504,646
SHAREHOLDERS' FUNDS 2,655,163 2,607,944

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GOLDBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 03325718)

BALANCE SHEET - continued
31 MARCH 2024


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 17 September 2024 and were signed on its behalf by:





Mr Andreas Kyprianou - Director


GOLDBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 03325718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Goldbridge 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GOLDBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 03325718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 3,899
DEPRECIATION
At 1 April 2023 1,770
Charge for year 703
At 31 March 2024 2,473
NET BOOK VALUE
At 31 March 2024 1,426
At 31 March 2023 2,129

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,489,794
Additions 3,292
At 31 March 2024 2,493,086
NET BOOK VALUE
At 31 March 2024 2,493,086
At 31 March 2023 2,489,794

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2017 1,293,801
Cost 1,199,285
2,493,086

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amount due from related
parties 737,849 590,549
Social security 214 24
Prepayments - 2,060
738,063 592,633

GOLDBRIDGE PROPERTIES LIMITED (REGISTERED NUMBER: 03325718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,350 4,650
Tax 27,441 57,925
Pensions 86 -
Amount owed to related parties 402,152 392,152
Accrued expenses 1,440 1,440
434,469 456,167

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 180,345 190,505

Deferred
tax
£   
Balance at 1 April 2023 190,505
Provided during year (10,160 )
Balance at 31 March 2024 180,345

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary Shares £1 2 2