1 May 2023 v2025.1.0 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPNI0492422023-05-012024-04-30NI0492422024-04-30NI0492422023-04-30NI049242core:WithinOneYear2024-04-30NI049242core:WithinOneYear2023-04-30NI049242core:ShareCapital2024-04-30NI049242core:ShareCapital2023-04-30NI049242core:RevaluationReserve2024-04-30NI049242core:RevaluationReserve2023-04-30NI049242core:OtherReservesSubtotal2023-04-30NI049242core:RetainedEarningsAccumulatedLosses2024-04-30NI049242core:RetainedEarningsAccumulatedLosses2023-04-30NI049242bus:Director12023-05-012024-04-30NI049242bus:Director22023-05-012024-04-30NI049242bus:RegisteredOffice2023-05-012024-04-30NI0492422022-05-012023-04-30NI049242core:CostValuation2023-05-01NI049242core:CostValuation2024-04-30NI049242core:ProvisionsForImpairmentInvestments2024-04-30NI04924212023-05-012024-04-30NI049242countries:NorthernIreland2023-05-012024-04-30NI049242bus:AuditExempt-NoAccountantsReport2023-05-012024-04-30NI049242bus:PrivateLimitedCompanyLtd2023-05-012024-04-30NI049242bus:SmallEntities2023-05-012024-04-30NI049242bus:FullAccounts2023-05-012024-04-30
Company registration number:
NI049242
Gosford Investments Ltd
Unaudited Filleted Financial Statements for the year ended
30 April 2024
Gosford Investments Ltd
Statement of Financial Position
30 April 2024
20242023
Note££
Fixed assets    
Investments 4
3,000,000
 
3,000,000
 
Current assets    
Debtors 5
21,950
 
94,864
 
Investments 6
438,231
 
439,658
 
Cash at bank and in hand
167,682
 
358,152
 
627,863
 
892,674
 
Creditors: amounts falling due within one year 7
(83,868
)
(27,480
)
Net current assets
543,995
 
865,194
 
Total assets less current liabilities 3,543,995   3,865,194  
Capital and reserves    
Called up share capital
2
 
2
 
Revaluation reserve
206,984
 
206,984
 
Other reserves -  
4,056,735
 
Profit and loss account
3,337,009
 
(398,527
)
Shareholders funds
3,543,995
 
3,865,194
 
For the year ending
30 April 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
17 January 2025
, and are signed on behalf of the board by:
Philip Agnew
Andrew Agnew
DirectorDirector
Company registration number:
NI049242
Gosford Investments Ltd
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is
Upper Floors 336
,
Belfast
,
Antrim
,
BT9 6GH
, United Kingdom.

2 Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

3 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

4 Investments

Other investments other than loans
£
Cost  
At
1 May 2023
3,718,565
 
At
30 April 2024
3,718,565
 
Impairment  
At
1 May 2023
and
30 April 2024
718,565
 
Carrying amount  
At
30 April 2024
3,000,000
 
At 30 April 2023
3,000,000
 

5 Debtors

20242023
££
Trade debtors
56
 
94,864
 
Other debtors
21,894
  -  
21,950
 
94,864
 

6 Investments

20242023
££
Other current asset investments
438,231
 
439,658
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
2,369
  -  
Taxation and social security
73,451
 
32,255
 
Other creditors
8,048
 
(4,775
)
83,868
 
27,480
 

8 Controlling party

The ultimate controlling party is Mr David Agnew