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REGISTERED NUMBER: 10570843 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GOLD AND LEVY PROPERTY INVESTMENTS LTD

GOLD AND LEVY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 10570843)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


GOLD AND LEVY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 10570843)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,004 225
Investment property 5 809,275 809,275
811,279 809,500

CURRENT ASSETS
Debtors 6 135,881 127,191
Cash at bank 1,159 2,203
137,040 129,394
CREDITORS
Amounts falling due within one year 7 443,107 442,125
NET CURRENT LIABILITIES (306,067 ) (312,731 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,212

496,769

CREDITORS
Amounts falling due after more than one
year

8

458,647

460,859
NET ASSETS 46,565 35,910

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 46,465 35,810
SHAREHOLDERS' FUNDS 46,565 35,910

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 AND LEVY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 10570843)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





C Ippocratous - Director


GOLD AND LEVY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 10570843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Gold And Levy Property Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10570843

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

GOLD AND LEVY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 10570843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023 860
Additions 2,280
At 31 January 2024 3,140
DEPRECIATION
At 1 February 2023 635
Charge for year 501
At 31 January 2024 1,136
NET BOOK VALUE
At 31 January 2024 2,004
At 31 January 2023 225

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 809,275
NET BOOK VALUE
At 31 January 2024 809,275
At 31 January 2023 809,275

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by connected undertakings 135,881 127,191

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 2,200 2,200
Trade creditors - 1
Taxation and social security 10,488 8,406
Other creditors 430,419 431,518
443,107 442,125

GOLD AND LEVY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 10570843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 458,647 460,859

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 455,448 455,487

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 2,200 2,200

Amounts falling due between one and two years:
Bank loans - 1-2 years 2,200 2,200

Amounts falling due between two and five years:
Bank loans - 2-5 years 999 3,172

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 455,448 455,487

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 460,847 463,059

The bank loan is secured by way of fixed charge over the investment property.

The bank loan is repayable over the period until 2037.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

GOLD AND LEVY PROPERTY INVESTMENTS LTD (REGISTERED NUMBER: 10570843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:


2024 2023
£    £   
Amounts owed by/(to) C Ippocratous (Director) (212,367 ) (213,716 )
Amounts owed by/(to) A Ippocratous (Director) (212,367 ) (213,716 )
Amounts owed by/(to) Lighthouse Claims Ltd (Connected
Undertaking)

132,881

127,191
Amounts owed by/(to) James Marcus Property Investments Ltd
(Connected Undertaking)

3,000

Connected Undertakings
A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.