Registered number
08598889
GOLDEN DAWN PROPERTIES LIMITED
Filleted Accounts
31 July 2024
GOLDEN DAWN PROPERTIES LIMITED
Registered number: 08598889
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,202,677 1,202,677
Investments 712,785 712,785
1,915,462 1,915,462
Current assets
Debtors 4 22,087 21,028
Cash at bank and in hand 99,888 7,687
121,975 28,715
Creditors: amounts falling due within one year 5 (18,543) (4,628)
Net current assets 103,432 24,087
Total assets less current liabilities 2,018,894 1,939,549
Creditors: amounts falling due after more than one year 6 (1,649,663) (1,622,852)
Provisions for liabilities - -
Net assets 369,231 316,697
Capital and reserves
Called up share capital 100 100
Profit and loss account 369,131 316,597
Shareholders' funds 369,231 316,697
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Azhar
Director
Approved by the board on 22 April 2025
GOLDEN DAWN PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rental of real estate.
Tangible fixed assets
No depreciation is provided in respect of properties . This treatment is not in accordance with the Companies Act 2006 but directors consider that this accounting policy results in the accounts showing a true and fair view.
Freehold buildings Nil
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 1,202,677 - - 1,202,677
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 July 2024 1,202,677 - - 1,202,677
Depreciation
At 1 August 2023 - - - -
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 31 July 2024 - - - -
Net book value
At 31 July 2024 1,202,677 - - 1,202,677
At 31 July 2023 1,202,677 - - 1,202,677
4 Debtors 2024 2023
£ £
Trade debtors - -
Other debtors 22,087 21,028
22,087 21,028
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - -
Taxation and social security costs 14,540 875
Other creditors 4,003 3,753
18,543 4,628
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to related undertakings 1,649,663 1,622,852
Other creditors - -
1,649,663 1,622,852
7 Related party transactions
There were transactions with related parties and company owed £1,661,892 (2023: £1,622,852) to related parties.
8 Other information
GOLDEN DAWN PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
First Floor
51 Pimblett Street
Manchester
M3 1FU
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