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REGISTERED NUMBER: 03980544















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

GOLDTOWN LIMITED

GOLDTOWN LIMITED (REGISTERED NUMBER: 03980544)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

GOLDTOWN LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mr R L Davey
Mr L Davey





REGISTERED OFFICE: 4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA





REGISTERED NUMBER: 03980544





ACCOUNTANTS: Durrants - Calleva
Accountants and Tax Advisors
4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA

GOLDTOWN LIMITED (REGISTERED NUMBER: 03980544)

BALANCE SHEET
30 April 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,332,854 9,321,499

CURRENT ASSETS
Debtors 5 342,613 -
Cash at bank 55,452 1,589,840
398,065 1,589,840
CREDITORS
Amounts falling due within one year 6 3,336,830 3,442,590
NET CURRENT LIABILITIES (2,938,765 ) (1,852,750 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,394,089 7,468,749

CREDITORS
Amounts falling due after more than one
year

7

2,763,997

3,970,885
NET ASSETS 3,630,092 3,497,864

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 3,405,373 3,405,373
Retained earnings 223,719 91,491
3,630,092 3,497,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

GOLDTOWN LIMITED (REGISTERED NUMBER: 03980544)

BALANCE SHEET - continued
30 April 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 31 January 2025 and were signed on its behalf by:





Mr R L Davey - Director


GOLDTOWN LIMITED (REGISTERED NUMBER: 03980544)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Goldtown Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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 1 (2023 - 1 ) .

GOLDTOWN LIMITED (REGISTERED NUMBER: 03980544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 May 2023 9,321,499
Additions 11,355
At 30 April 2024 9,332,854
NET BOOK VALUE
At 30 April 2024 9,332,854
At 30 April 2023 9,321,499

During the year the property portfolio was revalued to estimated market value by the directors

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Amounts owed by group undertakings 8,813 -
Other debtors 333,800 -
342,613 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 5,288 57,686
Amounts owed to group undertakings - 7,923
Taxation and social security 24,183 -
Other creditors 3,307,359 3,376,981
3,336,830 3,442,590

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans 2,763,997 3,970,885

Amounts falling due in more than five years:

Repayable by instalments
Mortgage Jasmine 2,500,000 2,500,000
Mortgage Princelet 232,430 1,241,500
Mortgage Brick Lane - 192,500
2,732,430 3,934,000

GOLDTOWN LIMITED (REGISTERED NUMBER: 03980544)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

8. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 3,405,373

GOLDTOWN LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GOLDTOWN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Durrants - Calleva
Accountants and Tax Advisors
4 Comet House
Calleva Park
Aldermaston
Berkshire
RG7 8JA


Date: .............................................