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GOLDEN SUNRISE (HOLDINGS) LIMITED

Unaudited Financial Statements

for the Year Ended 30th September 2024






GOLDEN SUNRISE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00770949)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDEN SUNRISE (HOLDINGS) LIMITED

Company Information
for the year ended 30th September 2024







DIRECTORS: D Sergi
M D Sergi FCA





SECRETARY: Mrs M Sergi





REGISTERED OFFICE: Gayton Wood
Gayton Farm Road
Gayton
Wirral
Merseyside
CH60 8NR





REGISTERED NUMBER: 00770949 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

GOLDEN SUNRISE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00770949)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,425 8,440
Investment property 5 8,525,468 8,127,661
8,530,893 8,136,101

CURRENT ASSETS
Stocks 36,129 36,129
Debtors 6 40,698 30,943
Cash at bank and in hand 413,079 678,713
489,906 745,785
CREDITORS
Amounts falling due within one year 7 194,715 109,671
NET CURRENT ASSETS 295,191 636,114
TOTAL ASSETS LESS CURRENT LIABILITIES 8,826,084 8,772,215

PROVISIONS FOR LIABILITIES 1,860 1,860
NET ASSETS 8,824,224 8,770,355

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Revaluation reserve 8 2,630,572 2,630,572
Retained earnings 6,178,652 6,124,783
SHAREHOLDERS' FUNDS 8,824,224 8,770,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

GOLDEN SUNRISE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00770949)

Balance Sheet - continued
30th September 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 25th October 2024 and were signed on its behalf by:





M D Sergi FCA - Director


GOLDEN SUNRISE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00770949)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

Golden Sunrise (Holdings) Limited 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.

Turnover
Turnover represents net rents received during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on cost

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans from banks

Debt instruments (other than those wholly repayable or receivable within one year), including loans, are initially measured at present value of the future cash flows and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

GOLDEN SUNRISE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00770949)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st October 2023 97,064
Additions 1,647
Disposals (2,584 )
At 30th September 2024 96,127
DEPRECIATION
At 1st October 2023 88,624
Charge for year 4,662
Eliminated on disposal (2,584 )
At 30th September 2024 90,702
NET BOOK VALUE
At 30th September 2024 5,425
At 30th September 2023 8,440

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023 8,127,661
Additions 397,807
At 30th September 2024 8,525,468
NET BOOK VALUE
At 30th September 2024 8,525,468
At 30th September 2023 8,127,661

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2024 2,630,572
Cost 5,894,896
8,525,468

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 5,894,896 5,497,089

Investment property was valued on an open market basis on 30th September 2024 by the directors .

GOLDEN SUNRISE (HOLDINGS) LIMITED (REGISTERED NUMBER: 00770949)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,334 28,946
Other debtors 1,364 1,997
40,698 30,943

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 114,348 83,601
Other creditors 80,367 26,070
194,715 109,671

8. RESERVES
Revaluation
reserve
£   
At 1st October 2023
and 30th September 2024 2,630,572

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £91,250 were paid to the directors .

Included in other creditors is the sum of £54,405 (2023 - £106) owing to the directors of the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Sergi.