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Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Goldcrest Holdings Limited

Goldcrest Holdings Limited (Registered number: 01557828)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Goldcrest Holdings Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: G A King
B G R King
C G T King
G F King





SECRETARY: G A King





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 01557828 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

Goldcrest Holdings Limited (Registered number: 01557828)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,094 39,483
Investments 5 - 128,977
Investment property 6 2,840,890 2,506,171
2,867,984 2,674,631

CURRENT ASSETS
Stocks 154,558 129,558
Debtors 7 19,464 45,450
Investments 8 25,986 -
Cash at bank 82,149 118,005
282,157 293,013
CREDITORS
Amounts falling due within one year 9 732,548 524,987
NET CURRENT LIABILITIES (450,391 ) (231,974 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,417,593

2,442,657

PROVISIONS FOR LIABILITIES 10 41,772 42,811
NET ASSETS 2,375,821 2,399,846

CAPITAL AND RESERVES
Called up share capital 100 100
Group reconstruction reserve 1,899,921 1,899,921
Fair value reserve 11 256,576 256,576
Retained earnings 219,224 243,249
SHAREHOLDERS' FUNDS 2,375,821 2,399,846

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

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

Goldcrest Holdings Limited (Registered number: 01557828)

Balance Sheet - continued
31 March 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 5 November 2024 and were signed on its behalf by:





G A King - Director


Goldcrest Holdings Limited (Registered number: 01557828)

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

1. STATUTORY INFORMATION

Goldcrest 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

Going concern
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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 4 (2023 - 4 ) .

Goldcrest Holdings Limited (Registered number: 01557828)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 87,308 181,088 268,396
Disposals - (1,500 ) (1,500 )
At 31 March 2024 87,308 179,588 266,896
DEPRECIATION
At 1 April 2023 84,035 144,878 228,913
Charge for year 3,273 9,032 12,305
Eliminated on disposal - (1,416 ) (1,416 )
At 31 March 2024 87,308 152,494 239,802
NET BOOK VALUE
At 31 March 2024 - 27,094 27,094
At 31 March 2023 3,273 36,210 39,483

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 128,977
Disposals (128,977 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 128,977

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,506,171
Additions 334,719
At 31 March 2024 2,840,890
NET BOOK VALUE
At 31 March 2024 2,840,890
At 31 March 2023 2,506,171

The company's has a number of freehold properties. The property in Benfleet Essex was valued on the open market on 1 January 2004 at £315,000, the other properties are all shown at cost.. The directors consider that there has been no significant change to the fair value at 31st March 2024.

Goldcrest Holdings Limited (Registered number: 01557828)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,200 1,200
Amounts owed by group undertakings 16,014 42,000
Other debtors 2,250 2,250
19,464 45,450

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 25,986 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,265 11,652
Tax 41,583 33,148
Social security and other taxes 2,342 149
Other creditors 672,092 478,772
Directors' loan accounts 16 16
Accrued expenses 1,250 1,250
732,548 524,987

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 41,772 42,811

Deferred
tax
£   
Balance at 1 April 2023 42,811
Provided during year (1,039 )
Balance at 31 March 2024 41,772

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 256,576