GOLD HILL GLOBAL LIMITED

Company Registration Number:
08957478 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

GOLD HILL GLOBAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

GOLD HILL GLOBAL LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 56 74
Total fixed assets: 56 74
Current assets
Debtors:   34,619 34,572
Cash at bank and in hand: 20 0
Investments:   325,000 325,000
Total current assets: 359,639 359,572
Creditors: amounts falling due within one year:   (1,039,361) (1,029,789)
Net current assets (liabilities): (679,722) (670,217)
Total assets less current liabilities: (679,666) (670,143)
Creditors: amounts falling due after more than one year:   (44,304) (50,053)
Total net assets (liabilities): (723,970) (720,196)
Capital and reserves
Called up share capital: 4 4
Profit and loss account: (723,974) (720,200)
Shareholders funds: (723,970) (720,196)

The notes form part of these financial statements

GOLD HILL GLOBAL LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 September 2024
and signed on behalf of the board by:

Name: Nigel Songhurst
Status: Director

The notes form part of these financial statements

GOLD HILL GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates Plant and machinery - 25% on reducing balance Computer equipment - 33% on straight line Assets held under finance leases are depreciated in the same way as owned assets. At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Other accounting policies

Going concern The financial statements have been prepared on a going concern basis. The company is reliant upon the continued support of its directors who are also shareholders. If this support was withdrawn the company would be unable to continue in operational existence. Adjustments would then have to be made to reduce the Statement of Financial Position value of assets to their recoverable amounts and to provide any further liabilities that may arise. The company is unable to quantify the effect of such adjustments on the financial statements. The directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.

GOLD HILL GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 2 2

GOLD HILL GLOBAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 July 2023 560
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 30 June 2024 560
Depreciation
At 01 July 2023 486
Charge for year 18
On disposals 0
Other adjustments 0
At 30 June 2024 504
Net book value
At 30 June 2024 56
At 30 June 2023 74