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REGISTERED NUMBER: 09658945 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Gold Asset Europe Limited

Gold Asset Europe Limited (Registered number: 09658945)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Gold Asset Europe Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M Farabbi





REGISTERED OFFICE: 17 Grosvenor Street, Mayfair
London
W1K 4QG





REGISTERED NUMBER: 09658945 (England and Wales)






Gold Asset Europe Limited (Registered number: 09658945)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,403,184 961,382

CURRENT ASSETS
Debtors 5 26,338 18,166
Cash at bank 1,005,981 1,552,626
1,032,319 1,570,792
CREDITORS
Amounts falling due within one year 6 6,624 12,612
NET CURRENT ASSETS 1,025,695 1,558,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,428,879

2,519,562

CAPITAL AND RESERVES
Called up share capital 650,000 650,000
Retained earnings 7 1,778,879 1,869,562
2,428,879 2,519,562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 14 February 2025 and were signed by:





M Farabbi - Director


Gold Asset Europe Limited (Registered number: 09658945)

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

1. STATUTORY INFORMATION

The company is a private company limited by shares, registered in England and Wales. The
address of the registered office is 17 Grosvenor Street, Mayfair, London, W1K 4QG, England.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 744,080 744,080
Loans to group undertakings 590,184 140,566
Other investments not loans 68,920 76,736
1,403,184 961,382

Gold Asset Europe Limited (Registered number: 09658945)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST
At 1 July 2023 744,080 76,736 820,816
Additions - 47,712 47,712
Disposals - (55,528 ) (55,528 )
At 30 June 2024 744,080 68,920 813,000
NET BOOK VALUE
At 30 June 2024 744,080 68,920 813,000
At 30 June 2023 744,080 76,736 820,816
Loans to
group
undertakings
£   
At 1 July 2023 140,566
New in year 449,618
At 30 June 2024 590,184

The company has control of Modaverse Ltd, IPR Protocol Ltd (Ex Metacadastre Ltd) and My Asset srl, an Italian entity.

The company has:

1000 shares in British American Tobacco PLC
500 shares in Volkswagen AG

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 25,558 -
Prepayments and accrued income 780 18,166
26,338 18,166

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,211 7,096
Accruals and deferred income 5,413 5,516
6,624 12,612

Gold Asset Europe Limited (Registered number: 09658945)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. RESERVES
Retained
earnings
£   

At 1 July 2023 1,869,562
Deficit for the year (90,683 )
At 30 June 2024 1,778,879