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Registered number: 05005817
Goldhill Finance Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Sheppards Chartered Accountants
Suite A, 2nd Floor Kennedy House
31 Stamford Street
Altrincham
Cheshire
WA14 1ES
Unaudited Financial Statements
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—4
Page 1
Company Information
Directors J Breeze
J L Hodgkinson
I Miller
Company Number 05005817
Registered Office 18 High Street
Weaverham
Northwich
Cheshire
CW8 3HB
Accountants Sheppards Chartered Accountants
Suite A, 2nd Floor Kennedy House
31 Stamford Street
Altrincham
Cheshire
WA14 1ES
Page 1
Page 2
Balance Sheet
Registered number: 05005817
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,896,187 1,766,507
Cash at bank and in hand 378,681 21,168
2,274,868 1,787,675
Creditors: Amounts Falling Due Within One Year 5 (427,304 ) (98,868 )
NET CURRENT ASSETS (LIABILITIES) 1,847,564 1,688,807
TOTAL ASSETS LESS CURRENT LIABILITIES 1,847,564 1,688,807
Creditors: Amounts Falling Due After More Than One Year 6 (25,021 ) (24,289 )
NET ASSETS 1,822,543 1,664,518
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account 1,821,543 1,663,518
SHAREHOLDERS' FUNDS 1,822,543 1,664,518
For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
J L Hodgkinson
Director
30th September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Goldhill Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05005817 . The registered office is 18 High Street, Weaverham, Northwich, Cheshire, CW8 3HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,446,932 944,360
Amounts owed by participating interests - 372,892
Other debtors 449,255 449,255
1,896,187 1,766,507
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Bank loans and overdrafts 4,633 10,000
Other loans 40,000 40,000
Amounts owed to participating interests 327,655 -
Other creditors 2,340 2,340
Taxation and social security 52,675 46,528
427,304 98,868
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,021 24,289
25,021 24,289
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4