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REGISTERED NUMBER: 10176542 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

GOLDENACRE LIMITED

GOLDENACRE LIMITED (REGISTERED NUMBER: 10176542)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOLDENACRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr S Spyrou





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 10176542 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

GOLDENACRE LIMITED (REGISTERED NUMBER: 10176542)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 955,267 955,267

CURRENT ASSETS
Debtors 5 27,400 9,204
Cash at bank and in hand 396 1,029
27,796 10,233
CREDITORS
Amounts falling due within one year 6 964,501 950,432
NET CURRENT LIABILITIES (936,705 ) (940,199 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,562

15,068

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 18,560 15,066
SHAREHOLDERS' FUNDS 18,562 15,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 27 February 2025 and were signed by:




Mr S Spyrou - Director


GOLDENACRE LIMITED (REGISTERED NUMBER: 10176542)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Goldenacre 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 amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts, other sales taxes and net of VAT.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 955,267
NET BOOK VALUE
At 31 May 2024 955,267
At 31 May 2023 955,267

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2021 5,707
Cost 949,560
955,267

GOLDENACRE LIMITED (REGISTERED NUMBER: 10176542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. INVESTMENT PROPERTY - continued

The director have revalued the investment property based on the valuation of similar properties in the areas as at 31/05/2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,580 7,740
Prepayments and accrued income 24,820 1,464
27,400 9,204

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 634,498 627,158
Trade creditors 3,152 1,741
Tax 2,739 2,233
VAT 1,155 1,099
Other creditors 9,900 9,900
Amounts due to related company 80,331 80,331
Directors' current accounts 229,713 225,238
Accruals and deferred income 3,013 2,732
964,501 950,432

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2 Ordinary Shares £1 2 2

8. RESERVES


£

Distributable reserves12,853
Non -distributable reserves5,707
At 31 May 202418,560