REGISTERED NUMBER: |
Goldstage Limited |
Unaudited Financial Statements |
for the Year Ended 30th June 2024 |
REGISTERED NUMBER: |
Goldstage Limited |
Unaudited Financial Statements |
for the Year Ended 30th June 2024 |
Goldstage Limited (Registered number: 02974736) |
Contents of the Financial Statements |
for the Year Ended 30th June 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Goldstage Limited |
Company Information |
for the Year Ended 30th June 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Accountants |
4th Floor |
100 Fenchurch Street |
London |
EC3M 5JD |
Goldstage Limited (Registered number: 02974736) |
Statement of Financial Position |
30th June 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investment property | 5 |
Current assets |
Stocks |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
8 |
( |
) |
Provisions for liabilities | ( |
) | ( |
) |
Net assets |
Capital and reserves |
Called up share capital |
Fair value reserve |
Retained earnings |
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. |
Goldstage Limited (Registered number: 02974736) |
Statement of Financial Position - continued |
30th June 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Goldstage Limited (Registered number: 02974736) |
Notes to the Financial Statements |
for the Year Ended 30th June 2024 |
1. | Statutory information |
Goldstage Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents the amounts derived from the sale of properties during the year. |
Tangible fixed assets |
Short leasehold | - |
Fixtures and fittings | - |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 |
Goldstage Limited (Registered number: 02974736) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
4. | Tangible fixed assets |
Fixtures |
Short | and |
leasehold | fittings | Totals |
£ | £ | £ |
Cost |
At 1st July 2023 |
and 30th June 2024 |
Depreciation |
At 1st July 2023 |
Charge for year |
At 30th June 2024 |
Net book value |
At 30th June 2024 |
At 30th June 2023 |
5. | Investment property |
Total |
£ |
Fair value |
At 1st July 2023 |
Revaluations | 835,000 |
At 30th June 2024 |
Net book value |
At 30th June 2024 |
At 30th June 2023 |
Fair value at 30th June 2024 is represented by: |
£ |
Valuation in 2009 | 2,032,888 |
Valuation in 2010 | 623,250 |
Valuation in 2015 | 2,808,000 |
Valuation in 2016 | 2,221,103 |
Valuation in 2017 | 211,362 |
Valuation in 2018 | 76,218 |
Valuation in 2019 | 28,314 |
Valuation in 2021 | 425,000 |
Valuation in 2023 | 175,000 |
Valuation in 2024 | 835,000 |
Cost | 3,363,865 |
12,800,000 |
The investment properties were revalued by the directors at fair value as at 30th June 2024. |
Goldstage Limited (Registered number: 02974736) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Bank loans |
9. | Secured debts |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
The mortgage loans are secured on the company's freehold investment properties to which they relate. |
The company's mortgage loans are advanced on an interest only basis. Interest rates vary between 8.74% and 9.49%. The remaining loans were settled in full in September 2023. |
10. | Directors' advances, credits and guarantees |
The following advances and credits to directors subsisted during the years ended 30th June 2024 and 30th June 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Goldstage Limited (Registered number: 02974736) |
Notes to the Financial Statements - continued |
for the Year Ended 30th June 2024 |
10. | Directors' advances, credits and guarantees - continued |
The directors' loans, which bear interest at the official rate, were repaid in full on 19th March 2024. |