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THE GOLDING FAMILY INVESTMENT COMPANY
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






THE GOLDING FAMILY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 10440096)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE GOLDING FAMILY INVESTMENT COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: Mrs J E Golding
B Golding





REGISTERED OFFICE: 45 Gresham Street
London
EC2V 7BG





REGISTERED NUMBER: 10440096 (England and Wales)





ACCOUNTANTS: Bowen Accountants Ltd
Chartered Accountants
Unit 1 Gate Farm
High Street
Sutton Benger
Chippenham
Wiltshire
SN15 4RE

THE GOLDING FAMILY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 10440096)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7,087,918 6,747,909

CURRENT ASSETS
Debtors 5 - 4
Cash at bank 8,456 -
8,456 4
CREDITORS
Amounts falling due within one year 6 4,559,631 5,164,222
NET CURRENT LIABILITIES (4,551,175 ) (5,164,218 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,536,743

1,583,691

PROVISIONS FOR LIABILITIES 7 (550,253 ) (388,582 )

ACCRUALS AND DEFERRED INCOME (2,879 ) (6,667 )
NET ASSETS 1,983,611 1,188,442

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 8 1,650,758 1,165,746
Retained earnings 332,849 22,692
1,983,611 1,188,442

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

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

THE GOLDING FAMILY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 10440096)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





B Golding - Director


THE GOLDING FAMILY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 10440096)

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

1. STATUTORY INFORMATION

The Golding Family Investment Company 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.

Financial instruments
Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


THE GOLDING FAMILY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 10440096)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 6,747,909
Disposals (306,673 )
Revaluations 646,682
At 31 October 2024 7,087,918
NET BOOK VALUE
At 31 October 2024 7,087,918
At 31 October 2023 6,747,909

Cost or valuation at 31 October 2024 is represented by:

Other
investments
£   
Valuation in 2023 1,554,329
Valuation in 2024 646,682
Cost 4,886,907
7,087,918

THE GOLDING FAMILY INVESTMENT COMPANY
LIMITED (REGISTERED NUMBER: 10440096)

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

4. FIXED ASSET INVESTMENTS - continued

If listed investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 4,886,907 5,193,580

Listed investments were valued on an open market basis on 31 October 2024 by Rothschild & Co Bank International Ltd .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 4

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 27,885 407,892
Other creditors 4,531,746 4,756,330
4,559,631 5,164,222

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 550,253 388,582

Deferred
tax
£   
Balance at 1 November 2023 388,582
Charge to Income Statement during year 161,671
Balance at 31 October 2024 550,253

8. RESERVES
Revaluation
reserve
£   
At 1 November 2023 1,165,746
Investments Fair Value 485,012

At 31 October 2024 1,650,758

9. RELATED PARTY DISCLOSURES

Included within other creditors is £4,531,746 (2023 - £4,756,330) due to the directors. No interest was charged on this loan during the year and there is no set date for repayment.