Company Registration No. 08867194 (England and Wales)
Goldsmith Property Limited
Unaudited accounts
for the year ended 31 January 2024
Goldsmith Property Limited
Unaudited accounts
Contents
Goldsmith Property Limited
Company Information
for the year ended 31 January 2024
Directors
Benjamin Rune Goldsmith
Zina Jabar Ktami Al-Zuhairi
Company Number
08867194 (England and Wales)
Registered Office
132 Henleaze Road
BRISTOL
Avon
BS9 4LB
United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Goldsmith Property Limited
Accountants' report
Accountants' report to the board of directors of Goldsmith Property Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Goldsmith Property Limited for the year ended
31 January 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Goldsmith Property Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Goldsmith Property Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goldsmith Property Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Goldsmith Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Goldsmith Property Limited. You consider that Goldsmith Property Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Goldsmith Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
5 August 2024
Goldsmith Property Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
563
758
Creditors: amounts falling due within one year
(22,045)
(7,394)
Net current liabilities
(19,903)
(4,676)
Total assets less current liabilities
(19,903)
(4,676)
Creditors: amounts falling due after more than one year
(51,072)
(58,054)
Net liabilities
(70,975)
(62,730)
Called up share capital
100
100
Profit and loss account
(71,075)
(62,830)
Shareholders' funds
(70,975)
(62,730)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Benjamin Rune Goldsmith
Director
Company Registration No. 08867194
Goldsmith Property Limited
Notes to the Accounts
for the year ended 31 January 2024
Goldsmith Property Limited is a private company, limited by shares, registered in England and Wales, registration number 08867194. The registered office is 132 Henleaze Road, BRISTOL, Avon, BS9 4LB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Goldsmith Property Limited
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
(2,602)
Other creditors
13,559
5,647
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
5,978
8,479
In Jul 2020, the company received a Bounce Back Loan of £50,000, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable.
The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
1,800
-
-
1,800
At the year end the Directors owed £1,800 (2022 - £8,310). The loan was fully repaid by June 2023.
9
Transactions with related parties
Included in current liabilities, is a related company loan of £11,590 (2023 - £4,440) The loan is interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).