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Registered number: 04411569
Goldhawk Associates Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
MD Accountancy Team Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04411569
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,515 1,932
2,515 1,932
CURRENT ASSETS
Debtors 5 201,637 145,433
Cash at bank and in hand 47,169 45,399
248,806 190,832
Creditors: Amounts Falling Due Within One Year 6 (175,928 ) (102,437 )
NET CURRENT ASSETS (LIABILITIES) 72,878 88,395
TOTAL ASSETS LESS CURRENT LIABILITIES 75,393 90,327
Creditors: Amounts Falling Due After More Than One Year 7 (37,292 ) (69,765 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (583 ) (534 )
NET ASSETS 37,518 20,028
CAPITAL AND RESERVES
Called up share capital 9 12 12
Profit and Loss Account 37,506 20,016
SHAREHOLDERS' FUNDS 37,518 20,028
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Harris
Director
20/03/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Goldhawk Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04411569 . The registered office is 1 James Whatman Court Turkey Mill Ashford Road , ME14 5PP. A Profit & Loss Account was not delivered to the Registrar of Companies.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. .
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% Straight Line
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was 10 (2023: 8)
10 8
4. Tangible Assets
Land & Property
Leasehold Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 8,263 9,385 17,648
Additions - 1,492 1,492
Disposals (8,263 ) - (8,263 )
As at 30 June 2024 - 10,877 10,877
Depreciation
As at 1 July 2023 8,263 7,453 15,716
Provided during the period - 909 909
Disposals (8,263 ) - (8,263 )
As at 30 June 2024 - 8,362 8,362
Net Book Value
As at 30 June 2024 - 2,515 2,515
As at 1 July 2023 - 1,932 1,932
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 42,780 26,346
Prepayments and accrued income 9,274 9,474
Other debtors 5,100 8,100
Amounts owed by group undertakings 144,483 101,513
201,637 145,433
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,522 11,284
Bank loans and overdrafts 30,260 30,298
Other loans 1,025 -
Corporation tax 16,546 3,279
Other taxes and social security 20,975 15,827
VAT 37,293 30,389
Net wages 4 4
Accruals and deferred income 29,303 11,356
Directors' loan accounts 30,000 -
175,928 102,437
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 37,292 67,065
Other creditors - 2,700
37,292 69,765
Included in the creditors falling due after more than one year are 2 Coronavirus Business Interruption Loans of £100,000 and £75,000 at inception (May 2020 and January 2021 respectively), repayable by instalments and carrying interest at 3.99% above base rate. The first 12 months is interest and repayment free. 
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 583 534
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12 12
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 17,000 18,470
Later than one year and not later than five years 68,000 4,617
Later than five years 13,458 -
98,458 23,087
11. Ultimate Controlling Party
The company's ultimate controlling party is Wyndham Street (Holdings) Limited by virtue of his ownership of 100% of the issued share capital in the company. Their registered office is 1 James Whatman Court, Turkey Mill, Maidstone, Kent ME14 5SS.
Consolidated financial statements are not drawn up as the Group is a "small" group.
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