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REGISTERED NUMBER: 02974736 (England and Wales)
















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: Mr. M C Y Wilkinson
Mr. M A Byrne





Secretary: Mr. M C Y Wilkinson





Registered office: 4th Floor
100 Fenchurch Street
London
EC3M 5JD





Registered number: 02974736 (England and Wales)





Accountants: Wilson Stevens
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 1,229 1,647
Investment property 5 12,800,000 11,965,000
12,801,229 11,966,647

Current assets
Stocks 1,390 1,390
Debtors 6 151,447 605,267
Cash at bank 294,339 160,017
447,176 766,674
Creditors
Amounts falling due within one year 7 113,610 149,658
Net current assets 333,566 617,016
Total assets less current liabilities 13,134,795 12,583,663

Creditors
Amounts falling due after more than one
year

8

-

(184,866

)

Provisions for liabilities (2,050,272 ) (1,841,522 )
Net assets 11,084,523 10,557,275

Capital and reserves
Called up share capital 100 100
Fair value reserve 7,385,863 6,759,613
Retained earnings 3,698,560 3,797,562
11,084,523 10,557,275

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

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

Goldstage Limited (Registered number: 02974736)

Statement of Financial Position - continued
30th June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th February 2025 and were signed on its behalf by:





Mr. M C Y Wilkinson - Director


Goldstage Limited (Registered number: 02974736)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. Statutory information

Goldstage 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts derived from the sale of properties during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Over the life of the lease
Fixtures and fittings - 25% on reducing balance

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 2 (2023 - 2 ) .

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 18,547 19,327 37,874
Depreciation
At 1st July 2023 18,547 17,680 36,227
Charge for year - 418 418
At 30th June 2024 18,547 18,098 36,645
Net book value
At 30th June 2024 - 1,229 1,229
At 30th June 2023 - 1,647 1,647

5. Investment property
Total
£   
Fair value
At 1st July 2023 11,965,000
Revaluations 835,000
At 30th June 2024 12,800,000
Net book value
At 30th June 2024 12,800,000
At 30th June 2023 11,965,000

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 151,447 605,267

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 73,432 76,818
Other creditors 40,178 72,840
113,610 149,658

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 184,866

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 184,866

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
£    £   
Mr. M A Byrne
Balance outstanding at start of year 125,000 -
Amounts advanced - 125,000
Amounts repaid (125,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 125,000

Mr. M C Y Wilkinson
Balance outstanding at start of year 125,000 -
Amounts advanced - 125,000
Amounts repaid (125,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 125,000

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.