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REGISTERED NUMBER: 00834505 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Gold Star (Melton) Ltd.

Gold Star (Melton) Ltd. (Registered number: 00834505)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gold Star (Melton) Ltd.

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs J A Pratt
Mrs G A Everitt





SECRETARY: Mrs J A Pratt





REGISTERED OFFICE: 5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ





REGISTERED NUMBER: 00834505 (England and Wales)





ACCOUNTANTS: Turner & Ellerby
Chartered Certified Accountants
5 Church Street
Framlingham
Woodbridge
Suffolk
IP13 9BQ

Gold Star (Melton) Ltd. (Registered number: 00834505)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 750,000 750,000

CURRENT ASSETS
Debtors 5 10,724 19,474
Cash at bank 21,829 13,093
32,553 32,567
CREDITORS
Amounts falling due within one year 6 20,856 18,605
NET CURRENT ASSETS 11,697 13,962
TOTAL ASSETS LESS CURRENT
LIABILITIES

761,697

763,962

PROVISIONS FOR LIABILITIES 7 77,665 59,025
NET ASSETS 684,032 704,937

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 684,030 704,935
SHAREHOLDERS' FUNDS 684,032 704,937

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

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

Gold Star (Melton) Ltd. (Registered number: 00834505)

Balance Sheet - continued
31 January 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 14 October 2024 and were signed on its behalf by:




Mrs G A Everitt - Director



Mrs J A Pratt - Director


Gold Star (Melton) Ltd. (Registered number: 00834505)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Gold Star (Melton) Ltd. 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.

Investment property
Investment property is shown as most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

In assessing the value of the Investment property, provision has been made for any deferred tax arising on the unrealised gain.

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 ) .

Gold Star (Melton) Ltd. (Registered number: 00834505)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 750,000
NET BOOK VALUE
At 31 January 2024 750,000
At 31 January 2023 750,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 577,459
Cost 172,541
750,000

If freehold properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 172,541 172,541

Investment properties were valued on an open market basis on 31 January 2024 by the Directors. .

For the year ended 31st January 2024 the directors' reviewed the valuation of the investment property on an open market basis and were of the opinion that no further revaluation adjustment was required.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,724 19,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,180
Tax 9,320 10,165
VAT 4,336 3,002
Other creditors 665 665
Directors' current accounts 93 93
Accruals and deferred income 4,942 -
Accrued expenses 1,500 1,500
20,856 18,605

Gold Star (Melton) Ltd. (Registered number: 00834505)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 77,665 59,025

Deferred
tax
£   
Balance at 1 February 2023 59,025
Charge to Income Statement during year 18,640
Balance at 31 January 2024 77,665

8. RESERVES

Retained earnings



Distributable
Non -
Distributable

Total
£   £   £   
Retained earnings at 1 February 2023186,501518,434704,935
Profit for the year39,735(18,640)21,095
Dividends(42,000)-(42,000)
Retained earnings at 31 January 2024184,236499,794684,030