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REGISTERED NUMBER: 02349081 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GOLDCREST DEVELOPMENTS (CAMBRIDGE) LTD

GOLDCREST DEVELOPMENTS (CAMBRIDGE) LTD (REGISTERED NUMBER: 02349081)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDCREST DEVELOPMENTS (CAMBRIDGE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: B Sewell
T J Sewell





REGISTERED OFFICE: Grove Farm
Harlton Road
Haslingfield
Cambridge
Cambridgeshire
CB23 1AD





REGISTERED NUMBER: 02349081 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

GOLDCREST DEVELOPMENTS (CAMBRIDGE) LTD (REGISTERED NUMBER: 02349081)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,219 3
Investment property 6 300,000 300,000
301,219 300,003

CURRENT ASSETS
Stocks 18,950 18,950
Debtors 7 187 23,075
Cash at bank 6,388 11,398
25,525 53,423
CREDITORS
Amounts falling due within one year 8 (176,624 ) (192,730 )
NET CURRENT LIABILITIES (151,099 ) (139,307 )
TOTAL ASSETS LESS CURRENT LIABILITIES 150,120 160,696

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 103,706 103,706
Retained earnings 46,314 56,890
SHAREHOLDERS' FUNDS 150,120 160,696

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GOLDCREST DEVELOPMENTS (CAMBRIDGE) LTD (REGISTERED NUMBER: 02349081)

BALANCE SHEET - continued
31 MARCH 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





B Sewell - Director


GOLDCREST DEVELOPMENTS (CAMBRIDGE) LTD (REGISTERED NUMBER: 02349081)

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

1. STATUTORY INFORMATION

Goldcrest Developments (Cambridge) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 25% straight line

Motor vehicles - 25% straight line

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.

Investment properties were valued at their fair value by the directors. Although the directors are not professionally qualified valuers they do have considerable experience in the location and class of investment property being revalued.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

GOLDCREST DEVELOPMENTS (CAMBRIDGE) LTD (REGISTERED NUMBER: 02349081)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 18,775
Additions 1,624
Disposals (13,450 )
At 31 March 2024 6,949
DEPRECIATION
At 1 April 2023 18,772
Charge for year 406
Eliminated on disposal (13,448 )
At 31 March 2024 5,730
NET BOOK VALUE
At 31 March 2024 1,219
At 31 March 2023 3

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 300,000
At 31 March 2023 300,000

GOLDCREST DEVELOPMENTS (CAMBRIDGE) LTD (REGISTERED NUMBER: 02349081)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 196,294
Valuation in 2021 83,706
Valuation in 2022 20,000
300,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 187 23,075

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 652 -
Other creditors 175,972 192,730
176,624 192,730

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
21 Ordinary A £1 21 21
21 Ordinary B £1 21 21
29 Ordinary C £1 29 29
29 Ordinary D £1 29 29
100 100

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 103,706

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director Mr B Sewell.