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Registration number: 11707693

Prepared for the registrar

Gould Holdings Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Gould Holdings Ltd

(Registration number: 11707693)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,277,271

1,293,361

Investments

5

2

4

 

1,277,273

1,293,365

Current assets

 

Debtors

6

196,396

1,163,944

Cash at bank and in hand

 

1,737,590

572,638

 

1,933,986

1,736,582

Creditors: Amounts falling due within one year

7

(39,866)

(1,890)

Net current assets

 

1,894,120

1,734,692

Net assets

 

3,171,393

3,028,057

Capital and reserves

 

Called up share capital

4

4

Capital redemption reserve

650,000

650,000

Retained earnings

2,521,389

2,378,053

Shareholders' funds

 

3,171,393

3,028,057

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 June 2025 and signed on its behalf by:
 


D S Gould
Director

 

Gould Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 7
Arnhem Road
Newbury
Berkshire
RG14 5RU

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for the company's activities.

Tax

The tax expense for the period is current corporation tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Gould Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:

Asset class

Depreciation method and rate

Freehold property

nil

Property improvements

10% straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Gould Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

 

4

Tangible assets

Land and buildings
£

Property improvements
 £

Total
£

Cost

At 1 October 2023

1,212,908

160,904

1,373,812

At 30 September 2024

1,212,908

160,904

1,373,812

Depreciation

At 1 October 2023

-

80,451

80,451

Charge for the year

-

16,090

16,090

At 30 September 2024

-

96,541

96,541

Carrying amount

At 30 September 2024

1,212,908

64,363

1,277,271

At 30 September 2023

1,212,908

80,453

1,293,361

Included within the net book value of land and buildings above is £1,212,908 (2023 - £1,212,908) in respect of freehold land and buildings.
 

 

5

Investments

2024
£

2023
£

Investments in subsidiaries

2

4

Subsidiaries

£

Cost

At 1 October 2023

4

Disposals

(2)

At 30 September 2024

2

Carrying amount

At 30 September 2024

2

At 30 September 2023

4

 

Gould Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Gould Composites Ltd

Unit 5 Arnhem Road
Newbury
Berkshire
RG14 5RU

Ordinary

100%

100%

The aggregate amount of capital and reserves of Gould Composites Limited at the end of the period was £1,370,358.

 

6

Debtors

2024
£

2023
£

Receivables from related parties

196,396

1,163,944

196,396

1,163,944

 

7

Creditors

2024
£

2023
£

Due within one year

Taxation and social security

37,766

-

Accruals and deferred income

2,100

1,890

39,866

1,890

 

8

Related party transactions

Summary of transactions with other related parties

At 30 September 2024, the company was owed £196,396 (2023: £1,163,944) by Gould Composites Ltd, a wholly owned subsidiary. No interest was charged on this balance and there are no fixed repayment terms.