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REGISTERED NUMBER: 10865992 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GOLDEN PROPERTY ESSEX LIMITED

GOLDEN PROPERTY ESSEX LIMITED (REGISTERED NUMBER: 10865992)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

GOLDEN PROPERTY ESSEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr Baldev Singh





REGISTERED OFFICE: 57 Chaplin Road
Dagenham
RM9 6EL





REGISTERED NUMBER: 10865992 (England and Wales)





ACCOUNTANTS: Ashford Louis
Chartered Certified Accountants
187 High Road Leyton
London
E15 2BY

GOLDEN PROPERTY ESSEX LIMITED (REGISTERED NUMBER: 10865992)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 99,050 99,050

CURRENT ASSETS
Cash at bank and in hand 6,645 20,699

CREDITORS
Amounts falling due within one year 5 68,559 96,318
NET CURRENT LIABILITIES (61,914 ) (75,619 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,136

23,431

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 37,036 23,331
SHAREHOLDERS' FUNDS 37,136 23,431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 26 May 2025 and were signed by:





Mr Baldev Singh - Director


GOLDEN PROPERTY ESSEX LIMITED (REGISTERED NUMBER: 10865992)

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

1. STATUTORY INFORMATION

Golden Property Essex 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.

Investment property
Investment properties, which comprise properties held for rental, are revalued each year to fair value (equivalent to open market value) and aggregate surplus or deficit transferred to the Fair Value Reserve.
The cost less depreciation model is used only if fair value cannot be measured reliably without undue cost or effort. No provision is made for depreciation of investment properties. This is a departure from the requirements of the Regulations, which require all properties to be depreciated, is in the opinion of the Directors, necessary for Financial Statement to show a true and fair view in accordance with applicable accounting standards. If this departure had not been made, the profit for the financial year would have been reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

GOLDEN PROPERTY ESSEX LIMITED (REGISTERED NUMBER: 10865992)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 99,050
NET BOOK VALUE
At 31 August 2024 99,050
At 31 August 2023 99,050

The Investment Property was revalued by the director to fair value (equivalent to open market value) as at 31 August 2024. The company directors, as required by FRS 102, to remeasure all Investment properties to fair value as at the balance sheet date. They have assessed the fair value based on properties of similar in nature and in the same surrounding areas where the property is located. After the assessment, substantiated by the information gathered, the director concluded that there were no significant movement in the market price to be reported and values to be equal to amount reported last year.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 59,050 79,050
Taxation and social security 6,278 5,248
Other creditors 3,231 12,020
68,559 96,318

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 September 2023 23,331
Profit for the year 13,705
At 31 August 2024 37,036

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owes its directors £1,187 (2023 : £10,120).

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GOLDEN PROPERTY ESSEX LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Golden Property Essex Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Golden Property Essex Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Golden Property Essex Limited and state those matters that we have agreed to state to the director of Golden Property Essex Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Golden Property Essex Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Golden Property Essex Limited. You consider that Golden Property Essex Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Golden Property Essex Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashford Louis
Chartered Certified Accountants
187 High Road Leyton
London
E15 2BY


26 May 2025