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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
Page
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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
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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
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Goldsmith Property Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
1,579 
1,960 
Cash at bank and in hand
563 
758 
2,142 
2,718 
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)
Capital and reserves
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
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Goldsmith Property Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 February 2023
1,942 
At 31 January 2024
1,942 
Depreciation
At 1 February 2023
1,942 
At 31 January 2024
1,942 
Net book value
At 31 January 2024
- 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,579 
1,960 
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Goldsmith Property Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,648 
1,735 
Trade creditors
163 
1,939 
Taxes and social security
- 
(2,602)
Other creditors
13,559 
5,647 
Accruals
675 
675 
22,045 
7,394 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
45,094 
49,575 
Other creditors
5,978 
8,479 
51,072 
58,054 
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.
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Benjamin Rune Goldsmith
Directors Loan
1,800 
- 
- 
1,800 
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).
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