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REGISTERED NUMBER: 04489886 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

GOLDRUSH AMUSEMENTS LTD

GOLDRUSH AMUSEMENTS LTD (REGISTERED NUMBER: 04489886)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDRUSH AMUSEMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: C J Holland
Mrs J E Holland





SECRETARY: C J Holland





REGISTERED OFFICE: 22 Mermond Place
Swanage
Dorset
BH19 1DG





REGISTERED NUMBER: 04489886 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

GOLDRUSH AMUSEMENTS LTD (REGISTERED NUMBER: 04489886)

BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,120 1,637
Investment property 5 1,000 500,000
2,120 501,637

CURRENT ASSETS
Debtors 6 79,835 27,128

CREDITORS
Amounts falling due within one year 7 782,581 981,125
NET CURRENT LIABILITIES (702,746 ) (953,997 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(700,626

)

(452,360

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 - (81,383 )
Retained earnings 9 (700,726 ) (371,077 )
SHAREHOLDERS' FUNDS (700,626 ) (452,360 )

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

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

GOLDRUSH AMUSEMENTS LTD (REGISTERED NUMBER: 04489886)

BALANCE SHEET - continued
31 JULY 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 April 2025 and were signed on its behalf by:




C J Holland - Director



Mrs J E Holland - Director


GOLDRUSH AMUSEMENTS LTD (REGISTERED NUMBER: 04489886)

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

1. STATUTORY INFORMATION

Goldrush Amusements 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.

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.

Turnover
Turnover represents income received, excluding value added tax, where applicable.

Rental income is recognised on a straight line basis over the term of the lease.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings - 25% on reducing balance
Amusement rides - 25% on reducing balance

Investment property
Investment properties are properties held to earn rentals and capital appreciation and are initially measured at cost, including transaction costs.

Subsequently investment properties are measured at fair value. Any gains or losses arising from changes in fair value or included in the income statement.

Deferred tax is provided on the changes in fair value at the rate expected to apply when the property is sold.

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.


GOLDRUSH AMUSEMENTS LTD (REGISTERED NUMBER: 04489886)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

Going concern
The directors believe that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the going concern basis of accounting in preparing the annual financial statements has been adopted.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Amusement
fittings rides Totals
£    £    £   
COST
At 1 August 2023 30,985 166,347 197,332
Disposals (30,985 ) - (30,985 )
At 31 July 2024 - 166,347 166,347
DEPRECIATION
At 1 August 2023 30,842 164,853 195,695
Charge for year 36 374 410
Eliminated on disposal (30,878 ) - (30,878 )
At 31 July 2024 - 165,227 165,227
NET BOOK VALUE
At 31 July 2024 - 1,120 1,120
At 31 July 2023 143 1,494 1,637

GOLDRUSH AMUSEMENTS LTD (REGISTERED NUMBER: 04489886)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 500,000
Disposals (499,000 )
At 31 July 2024 1,000
NET BOOK VALUE
At 31 July 2024 1,000
At 31 July 2023 500,000

During the year the company granted a 999 year lease of the Investment Property.The freehold reversion was valued by the Directors at fair value on 31 July 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Deferred tax asset 79,835 27,128

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Tax 5,570 6,591
Social security and other taxes 3,234 3,911
Other creditors 771,887 969,215
Accruals and deferred income 1,890 1,408
782,581 981,125

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/24 31/7/23
value: £    £   
100 Ordinary shares £1 100 100

GOLDRUSH AMUSEMENTS LTD (REGISTERED NUMBER: 04489886)

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

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2023 (371,077 ) (81,383 ) (452,460 )
Deficit for the year (248,266 ) (248,266 )
Transfer between reserves (81,383 ) 81,383 -
At 31 July 2024 (700,726 ) - (700,726 )

10. RELATED PARTY DISCLOSURES

During the year various monies have been loaned between the company and J. Holland & Sons Limited, included in creditors as at 31 July 2024 is an amount of £771,887 (2023: £969,215) due to J. Holland & Sons Limited. The amount outstanding at 31 July 2024 is deemed repayable on demand and no interest has been charged.