IRIS Accounts Production v24.3.0.553 01563385 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 18.11.24 false true false false false true false Auditors Opinion Ordinary A 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015633852023-03-31015633852024-03-31015633852023-04-012024-03-31015633852022-03-31015633852022-04-012023-03-31015633852023-03-3101563385ns15:EnglandWales2023-04-012024-03-3101563385ns14:PoundSterling2023-04-012024-03-3101563385ns10:Director12023-04-012024-03-3101563385ns10:Director22023-04-012024-03-3101563385ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101563385ns10:SmallEntities2023-04-012024-03-3101563385ns10:Audited2023-04-012024-03-3101563385ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101563385ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101563385ns10:FullAccounts2023-04-012024-03-310156338512023-04-012024-03-3101563385ns10:OrdinaryShareClass12023-04-012024-03-3101563385ns10:OrdinaryShareClass22023-04-012024-03-3101563385ns10:CompanySecretary12023-04-012024-03-3101563385ns10:RegisteredOffice2023-04-012024-03-3101563385ns5:CurrentFinancialInstruments2024-03-3101563385ns5:CurrentFinancialInstruments2023-03-3101563385ns5:ShareCapital2024-03-3101563385ns5:ShareCapital2023-03-3101563385ns5:RetainedEarningsAccumulatedLosses2024-03-3101563385ns5:RetainedEarningsAccumulatedLosses2023-03-3101563385ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3101563385ns5:ComputerSoftware2023-04-012024-03-3101563385ns5:FurnitureFittings2023-04-012024-03-3101563385ns5:ComputerSoftware2023-03-3101563385ns5:ComputerSoftware2024-03-3101563385ns5:ComputerSoftware2023-03-3101563385ns5:FurnitureFittings2023-03-3101563385ns5:FurnitureFittings2024-03-3101563385ns5:FurnitureFittings2023-03-3101563385ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-03-3101563385ns5:UnlistedNon-exchangeTraded2024-03-3101563385ns5:UnlistedNon-exchangeTraded2023-03-3101563385ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101563385ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3101563385ns5:CurrentFinancialInstruments2023-04-012024-03-3101563385ns5:WithinOneYear2024-03-3101563385ns5:WithinOneYear2023-03-3101563385ns5:BetweenOneFiveYears2024-03-3101563385ns5:BetweenOneFiveYears2023-03-3101563385ns5:AllPeriods2024-03-3101563385ns5:AllPeriods2023-03-3101563385ns10:OrdinaryShareClass12024-03-3101563385ns10:OrdinaryShareClass22024-03-3101563385ns5:RetainedEarningsAccumulatedLosses2023-03-3101563385ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3101563385ns10:Director32023-04-012024-03-3101563385ns10:Director332023-03-3101563385ns10:Director332022-03-3101563385ns10:Director332023-04-012024-03-3101563385ns10:Director332022-04-012023-03-3101563385ns10:Director332024-03-3101563385ns10:Director332023-03-3101563385ns10:Director222023-03-3101563385ns10:Director222022-03-3101563385ns10:Director222023-04-012024-03-3101563385ns10:Director222022-04-012023-03-3101563385ns10:Director222024-03-3101563385ns10:Director222023-03-31015633851ns10:Director12023-03-31015633851ns10:Director12022-03-31015633851ns10:Director12023-04-012024-03-31015633851ns10:Director12022-04-012023-03-31015633851ns10:Director12024-03-31015633851ns10:Director12023-03-31
REGISTERED NUMBER: 01563385 (England and Wales)












GOLD INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GOLD INVESTMENTS LIMITED (REGISTERED NUMBER: 01563385)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOLD INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: S Temple
O M Temple





SECRETARY: S Temple





REGISTERED OFFICE: Station House
Connaught Road
Brookwood
WOKING
Surrey
GU24 0ER





REGISTERED NUMBER: 01563385 (England and Wales)





AUDITOR: Shaw Gibbs Audit Ltd
264 Banbury Road
Oxford
Oxfordshire
OX2 7DY

GOLD INVESTMENTS LIMITED (REGISTERED NUMBER: 01563385)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,310 4,162
Investments 6 - -
6,310 4,162

CURRENT ASSETS
Stocks 7 2,987,790 2,680,013
Debtors 8 122,546 128,020
Cash at bank 1,101,783 1,158,258
4,212,119 3,966,291
CREDITORS
Amounts falling due within one year 9 (3,148,214 ) (2,869,635 )
NET CURRENT ASSETS 1,063,905 1,096,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,070,215

1,100,818

CAPITAL AND RESERVES
Called up share capital 11 40,000 40,000
Retained earnings 12 1,030,215 1,060,818
SHAREHOLDERS' FUNDS 1,070,215 1,100,818

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 18 November 2024 and were signed on its behalf by:




O M Temple - Director



S Temple - Director


GOLD INVESTMENTS LIMITED (REGISTERED NUMBER: 01563385)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Gold Investments 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.

Turnover
Turnover represents the total value of sales made through the dealing in gold coins, gold bullion and other precious metals.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

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 - 33% on cost and 15% on reducing balance

Stocks
Stocks of coins and other precious metals are valued at the lower of quoted market prices at the year end and net realisable value. Coins acquired for a specific purpose are valued at cost. This represents a departure from the requirements of FRS 102, but is considered necessary to give a true and fair view.

At the year end Gold Investments Limited had oversold unallocated gold balances which have been valued at the quoted market price and are included within other creditors.

All other stocks are valued at the lower of cost and net realisable value.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Gold and precious metals
Assets and liabilities held in gold or other precious metals are translated at the market price on the balance sheet date. Transactions are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.


GOLD INVESTMENTS LIMITED (REGISTERED NUMBER: 01563385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023
and 31 March 2024 15,860
AMORTISATION
At 1 April 2023
and 31 March 2024 15,860
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 43,090
Additions 2,749
At 31 March 2024 45,839
DEPRECIATION
At 1 April 2023 38,928
Charge for year 601
At 31 March 2024 39,529
NET BOOK VALUE
At 31 March 2024 6,310
At 31 March 2023 4,162

GOLD INVESTMENTS LIMITED (REGISTERED NUMBER: 01563385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2023
and 31 March 2024 100
PROVISIONS
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Gold Investments Limited held the following investments as at 31st March 2023:

A 100% shareholding in Gold Investments (London) Limited, a company incorporated in England which was dormant throughout the period to 31st March 2022. A full provision has been made against the cost of the investment in Gold Investments (London) Limited.

7. STOCKS

Gold Investments holds both physical and unallocated stocks of gold and other precious metals on behalf of clients but details of these holdings are not reflected in the financial statements.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,331 82,385
Other debtors 4,760 4,760
Directors' current accounts 1,395 1,375
Accrued income - 30,500
Prepayments 14,060 9,000
122,546 128,020

GOLD INVESTMENTS LIMITED (REGISTERED NUMBER: 01563385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,863 4,712
Tax 11,905 23,866
Social security and other taxes 6,335 5,430
VAT 12,275 7,206
Other creditors 3,039,522 2,804,670
Pension - 587
Directors' current accounts 644 634
Deferred income - 1,280
Accrued expenses 71,670 21,250
3,148,214 2,869,635

The amount of unallocated metal that Gold Investments Ltd held with financial institutions at the year end is 2024: £1,046,113 (2023: £1,086,865). The amount of client unallocated metal held with financial institutions at the year end is £4,074,162 (2023: £3,889,904). The net oversold amount is £3,028,049 (2023: £2,803,038). In addition, Gold Investments Ltd have their own physical stock holding of £2,987,790 (2023: £2,680,013). There is a deficit at 31 March 2024 of £40,259.02 (2023 deficit: £123,025).

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 32,880 21,696
Between one and five years 21,920 -
54,800 21,696

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
36,000 Ordinary A £1 36,000 36,000
4,000 Ordinary C £1 4,000 4,000
40,000 40,000

GOLD INVESTMENTS LIMITED (REGISTERED NUMBER: 01563385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

12. RESERVES
Retained
earnings
£   

At 1 April 2023 1,060,818
Profit for the year 49,397
Dividends (80,000 )
At 31 March 2024 1,030,215

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Lance Redman (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs Audit Ltd

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J M Temple
Balance outstanding at start of year (634 ) (634 )
Amounts advanced 2,315 1,175
Amounts repaid (2,325 ) (1,175 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (644 ) (634 )

S Temple
Balance outstanding at start of year 1,111 1,111
Amounts advanced 20 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,131 1,111

O M Temple
Balance outstanding at start of year 265 265
Amounts advanced - 1,996
Amounts repaid - (1,996 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 265 265

GOLD INVESTMENTS LIMITED (REGISTERED NUMBER: 01563385)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

15. RELATED PARTY DISCLOSURES

The company rents the property Temple Court from the controlling director's pension scheme. The directors have paid £48,000 for the period 01/04/2018 to 31/03/2024.


Mr S Temple and Mr O Temple both received £25,000 (2023: Mr S Temple and Mr O Temple both received £30,000) in dividends during the year.