Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity43truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07936852 2023-05-01 2024-04-30 07936852 2022-05-01 2023-04-30 07936852 2024-04-30 07936852 2023-04-30 07936852 2022-05-01 07936852 c:Director1 2023-05-01 2024-04-30 07936852 c:Director2 2023-05-01 2024-04-30 07936852 c:RegisteredOffice 2023-05-01 2024-04-30 07936852 d:MotorVehicles 2023-05-01 2024-04-30 07936852 d:MotorVehicles 2024-04-30 07936852 d:MotorVehicles 2023-04-30 07936852 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07936852 d:OfficeEquipment 2023-05-01 2024-04-30 07936852 d:OfficeEquipment 2024-04-30 07936852 d:OfficeEquipment 2023-04-30 07936852 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07936852 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07936852 d:FreeholdInvestmentProperty 2023-04-30 07936852 d:CurrentFinancialInstruments 2024-04-30 07936852 d:CurrentFinancialInstruments 2023-04-30 07936852 d:Non-currentFinancialInstruments 2024-04-30 07936852 d:Non-currentFinancialInstruments 2023-04-30 07936852 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07936852 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07936852 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07936852 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07936852 d:ShareCapital 2024-04-30 07936852 d:ShareCapital 2023-04-30 07936852 d:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 07936852 d:RetainedEarningsAccumulatedLosses 2024-04-30 07936852 d:RetainedEarningsAccumulatedLosses 2023-04-30 07936852 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07936852 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07936852 d:TaxLossesCarry-forwardsDeferredTax 2024-04-30 07936852 d:TaxLossesCarry-forwardsDeferredTax 2023-04-30 07936852 c:FRS102 2023-05-01 2024-04-30 07936852 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07936852 c:FullAccounts 2023-05-01 2024-04-30 07936852 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07936852 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 07936852






GOLD-IN PROPERTIES LIMITED

FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
GOLD-IN PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
V. Thanwani 
N. Chhabra 




Registered number
07936852



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BL





 
GOLD-IN PROPERTIES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
GOLD-IN PROPERTIES LIMITED
REGISTERED NUMBER: 07936852

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,601
22,836

Investment property
 5 
12,622,500
12,622,500

  
12,641,101
12,645,336

Current assets
  

Debtors
 6 
266,748
430,229

Cash at bank and in hand
  
407,172
1,160,968

  
673,920
1,591,197

Creditors: amounts falling due within one year
 7 
(9,188,091)
(6,549,711)

Net current liabilities
  
 
 
(8,514,171)
 
 
(4,958,514)

Total assets less current liabilities
  
4,126,930
7,686,822

Creditors: amounts falling due after more than one year
 8 
-
(3,784,000)

Provisions for liabilities
  

Deferred tax
  
(758,653)
(759,712)

Net assets
  
3,368,277
3,143,110


Capital and reserves
  

Allotted, called up and fully paid share
capital
  
100
100

Profit and loss account
 10 
3,368,177
3,143,010

Equity shareholder's funds
  
3,368,277
3,143,110


Page 1

 
GOLD-IN PROPERTIES LIMITED
REGISTERED NUMBER: 07936852

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Directors' Report and the Statement of Income and Retained Earnings, in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on  3 January 2025.




V. Thanwani
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GOLD-IN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Gold-In Properties Limited (registered number: 07936582), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BL, is a private company, limited by shares, incorporated in England and Wales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemptions in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a statement of Cash Flows on the grounds that it is a small company.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Computer equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.5

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Page 3

 
GOLD-IN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

 
2.8

Debtors

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

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
GOLD-IN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 3).


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost


At 1 May 2023
78,330
14,038
92,368


Additions
-
749
749



At 30 April 2024

78,330
14,787
93,117



Depreciation


At 1 May 2023
62,841
6,691
69,532


Charge for the year
3,873
1,111
4,984



At 30 April 2024

66,714
7,802
74,516



Net book value



At 30 April 2024
11,616
6,985
18,601



At 30 April 2023
15,489
7,347
22,836

Page 5

 
GOLD-IN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023 and 30 April 2024
12,622,500







If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
9,320,291
9,320,291

Accumulated depreciation and impairments
3,302,209
3,302,209

12,622,500
12,622,500

Page 6

 
GOLD-IN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£

Due within one year

Trade debtors
30,000
196,000

Other debtors
4,395
8,891

Prepayments and accrued income
24,058
20,920

Amounts owed by group undertakings
208,295
204,418

266,748
430,229



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,384,000
-

Trade creditors
-
6,075

Amounts owed to group undertakings
7,400,000
6,000,000

Other taxation and social security
22,367
48,672

Other creditors
157,209
158,615

Accruals and deferred income
147,299
288,984

Corporation tax
77,216
47,365

9,188,091
6,549,711



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
3,784,000


The following liabilities were secured:

2024
2023
£
£


Bank loans
1,384,000
3,784,000

Details of security provided:

The bank loans are secured by floating charges over the company's assets and first legal charges over its properties.

Page 7

 
GOLD-IN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Deferred taxation




2024
2023


£

£



At beginning of year
(759,712)
(759,606)


Charged to profit or loss
1,059
(106)



At end of year
(758,653)
(759,712)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,650)
(5,709)

Deferred tax on revaluation of investment property
(754,003)
(754,003)

(758,653)
(759,712)


10.


Reserves

Profit and loss account

Included within the profit and loss account are non-distributable reserves of £2,548,206 (2023: £2,542,497) arising from the revaluation of investment properties.


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £921 (2023: £506).
Contributions totalling £207 
(2023: £Nil) were payable to the fund at the Balance Sheet date and are included in creditors.


12.


Related party transactions

The Company has taken advantage of exemption, under the terms of Section 33.1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Page 8