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REGISTERED NUMBER: 14922937 (England and Wales)















Unaudited Financial Statements

for the Period 8 June 2023 to 30 June 2024

for

GOA Property Ltd

GOA Property Ltd (Registered number: 14922937)






Contents of the Financial Statements
for the Period 8 June 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOA Property Ltd

Company Information
for the Period 8 June 2023 to 30 June 2024







DIRECTOR: Mr O J Bruh





REGISTERED OFFICE: 1st Floor
314 Regents Park Road
Finchley
London
N3 2LT





REGISTERED NUMBER: 14922937 (England and Wales)





ACCOUNTANTS: Wolfson Associates Limited
1st Floor
314 Regents Park Road
Finchley
London
N3 2LT

GOA Property Ltd (Registered number: 14922937)

Balance Sheet
30 June 2024

Notes £    £   
FIXED ASSETS
Investments 4 150

CURRENT ASSETS
Debtors 5 2,917,122
Cash at bank 72
2,917,194
CREDITORS
Amounts falling due within one year 6 2,918,235
NET CURRENT LIABILITIES (1,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(891

)

CAPITAL AND RESERVES
Called up share capital 3
Retained earnings (894 )
(891 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 March 2025 and were signed by:





Mr O J Bruh - Director


GOA Property Ltd (Registered number: 14922937)

Notes to the Financial Statements
for the Period 8 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

GOA Property Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


GOA Property Ltd (Registered number: 14922937)

Notes to the Financial Statements - continued
for the Period 8 June 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 150
At 30 June 2024 150
NET BOOK VALUE
At 30 June 2024 150

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

21 Greek Street Limited
Registered office: 1st Floor 314 Regents Park Road, Finchley, London, United Kingdom, N3 2LT.
Nature of business: Investment property
%
Class of shares: holding
Ordinary 100.00
30.6.24
£   
Aggregate capital and reserves 4,172
Profit for the period 4,072

GOA Property Ltd (Registered number: 14922937)

Notes to the Financial Statements - continued
for the Period 8 June 2023 to 30 June 2024

4. FIXED ASSET INVESTMENTS - continued

Joint venture

85 Leather Lane Limited
Registered office: 1st Floor 314 Regents Park Road, Finchley, London, United Kingdom, N3 2LT.
Nature of business: Investment property
%
Class of shares: holding
Ordinary 50.00
31.8.24
£   
Aggregate capital and reserves (403,486 )
Loss for the period (403,586 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 1,690,475
Amounts owed by joint ventures 1,226,647
2,917,122

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 2,918,235

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024:

£   
Mr O J Bruh
Balance outstanding at start of period -
Amounts repaid 160
Amounts written off -
Amounts waived -
Balance outstanding at end of period 160