Registered number
03931974
Goldrich Properties Limited
Unaudited Filleted Accounts
31 March 2025
Goldrich Properties Limited
Registered number: 03931974
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Investment property 3 1,525,000 1,525,000
Current assets
Debtors 4 36,943 31,338
Cash at bank and in hand 25,845 4,612
62,788 35,950
Creditors: amounts falling due within one year 5 (13,022) (12,042)
Net current assets 49,766 23,908
Total assets less current liabilities 1,574,766 1,548,908
Provisions for liabilities (202,354) (202,354)
Net assets 1,372,412 1,346,554
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,372,410 1,346,552
Shareholders' funds 1,372,412 1,346,554
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.
Mrs C Richman
Director
Approved by the board on 28 May 2025
Goldrich Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from property rental income is recognised in line with tenancy agreements.
Debtors
Short term debtors are measured at transaction 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the profit and loss statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Investment property
Other
investments
£
Cost
At 1 April 2024 1,525,000
At 31 March 2025 1,525,000
4 Debtors 2025 2024
£ £
Other debtors 36,943 31,338
5 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 11,432 10,482
Other creditors 1,590 1,560
13,022 12,042
6 Reserves
The profit and loss reserve includes £862,670 of non distributable reserves from the revaluation of investment property (2024: £862,670).
7 Other information
Goldrich Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Stonecroft Close
Barnet Road
Barnet
Hertfordshire
EN5 3HE
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