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REGISTERED NUMBER: 07402489 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GOLDWING PROPERTIES LIMITED

GOLDWING PROPERTIES LIMITED (REGISTERED NUMBER: 07402489)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDWING PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Russell Wing





REGISTERED OFFICE: 21A Sandygate Road
Sheffield
South Yorkshire
S10 5NG





REGISTERED NUMBER: 07402489 (England and Wales)





ACCOUNTANTS: Procter and Co Accountants Ltd
Chartered Accountants
21A Sandygate Road
Sheffield
South Yorkshire
S10 5NG

GOLDWING PROPERTIES LIMITED (REGISTERED NUMBER: 07402489)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 383 511
Investment property 5 816,854 816,854
817,237 817,365

CURRENT ASSETS
Debtors 6 2,213 2,213
Cash at bank 70,310 54,622
72,523 56,835
CREDITORS
Amounts falling due within one year 7 (24,471 ) (26,120 )
NET CURRENT ASSETS 48,052 30,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

865,289

848,080

PROVISIONS FOR LIABILITIES (22,028 ) (22,028 )
NET ASSETS 843,261 826,052

CAPITAL AND RESERVES
Called up share capital 8 100 100
Share premium 548,182 548,182
Non-distributable reserve 9 93,908 93,908
Retained earnings 201,071 183,862
SHAREHOLDERS' FUNDS 843,261 826,052

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

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

GOLDWING PROPERTIES LIMITED (REGISTERED NUMBER: 07402489)

BALANCE SHEET - continued
31 DECEMBER 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 director and authorised for issue on 5 June 2025 and were signed by:





Russell Wing - Director


GOLDWING PROPERTIES LIMITED (REGISTERED NUMBER: 07402489)

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

1. STATUTORY INFORMATION

Goldwing Properties 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

GOLDWING PROPERTIES LIMITED (REGISTERED NUMBER: 07402489)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 908
DEPRECIATION
At 1 January 2024 397
Charge for year 128
At 31 December 2024 525
NET BOOK VALUE
At 31 December 2024 383
At 31 December 2023 511

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 816,854
NET BOOK VALUE
At 31 December 2024 816,854
At 31 December 2023 816,854

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2012 99,936
Valuation in 2013 16,000
Cost 700,918
816,854

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 700,918 700,918

Two of the investment properties are shown at the value attributed when transferred in 2012 from Goldwing Developments Limited via Goldwing Developments (Holdings) Limited. One of these properties was acquired by Goldwing Developments Limited in 2010 whilst the other was revalued by Brownhill Vickers on 22 December 2010. The remaining properties were revalued on 14 August 2014 by Brownhill Vickers and are included at the revised amounts in these accounts. In the directors' opinion these figures represent a reasonable reflection of the value of the properties at the year end. If the properties were sold at these amounts there would be a tax liability of £22,028.

GOLDWING PROPERTIES LIMITED (REGISTERED NUMBER: 07402489)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,213 2,213

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,155 5,822
Other creditors 18,316 20,298
24,471 26,120

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Non-distributable
reserve
£   
At 1 January 2024
and 31 December 2024 93,908

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Russell Wing
Balance outstanding at start of year - -
Amounts advanced 19,430 -
Amounts repaid (19,422 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8 -

Interest on the director's loan has been charged at 2.25%.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the director.