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REGISTERED NUMBER: 03154873 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

G.D. Golding (Properties) Ltd.

G.D. Golding (Properties) Ltd. (Registered number: 03154873)






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


G.D. Golding (Properties) Ltd.

Company Information
for the Year Ended 31 December 2024







DIRECTORS: G D Golding
T M Golding





SECRETARY: Mrs T M Golding





REGISTERED OFFICE: 23 St Stephens Avenue
St Albans
Hertfordshire
AL3 4AA





REGISTERED NUMBER: 03154873 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

G.D. Golding (Properties) Ltd. (Registered number: 03154873)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,417,774 1,388,263

CURRENT ASSETS
Debtors 5 239,855 232,626
Cash at bank 25,206 16,345
265,061 248,971
CREDITORS
Amounts falling due within one year 6 22,418 16,854
NET CURRENT ASSETS 242,643 232,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,660,417

1,620,380

CREDITORS
Amounts falling due after more than
one year

7

(5,833

)

(15,833

)

PROVISIONS FOR LIABILITIES 8 (228,000 ) (220,000 )
NET ASSETS 1,426,584 1,384,547

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 926,285 904,285
Retained earnings 500,199 480,162
SHAREHOLDERS' FUNDS 1,426,584 1,384,547

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 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.

G.D. Golding (Properties) Ltd. (Registered number: 03154873)

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 Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





G D Golding - Director


G.D. Golding (Properties) Ltd. (Registered number: 03154873)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

G D Golding (Properties) Ltd is a private company limited by shares and incorporated in England & Wales. Its registered office is 23 St Stephens Avenue, St Albans, Herts AL3 4AA

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue is measured at fair value of the consideration receivable.

Fixed assets & depreciation
All fixed assets are initially recorded at cost.

Depreciation of fixed assets is calculated to write off their cost or valuation, less any residual value over their estimated useful lives, as follows:

Fixtures & Fittings - 15% Reducing Balance.

Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Revaluation reserve
The aggregate annual surplus or deficit arising on the revaluation of investment properties is transferred to the revaluation reserve which is non-distributable.

G.D. Golding (Properties) Ltd. (Registered number: 03154873)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Investment properties
In accordance with the Financial Reporting Standard no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the Directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation, which might otherwise have been charged, cannot be separately identified or quantified. The Directors consider that this policy results in the accounts giving a true and fair view.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Leasehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 1,385,000 21,910 1,406,910
Revaluations 30,000 - 30,000
At 31 December 2024 1,415,000 21,910 1,436,910
DEPRECIATION
At 1 January 2024 - 18,647 18,647
Charge for year - 489 489
At 31 December 2024 - 19,136 19,136
NET BOOK VALUE
At 31 December 2024 1,415,000 2,774 1,417,774
At 31 December 2023 1,385,000 3,263 1,388,263

The Investment Properties which originally cost £260,715 (2023: £260,715) were revalued as at 31st December 2024 by the Directors at their open market value.

The value is based on regional Nationwide House Price Indices for the fourth quarter of 2024.

The net surplus arising on valuation has been transferred to the revaluation reserve.

G.D. Golding (Properties) Ltd. (Registered number: 03154873)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Loan Account MGG (Invest.) Ltd 218,217 218,217
Loan Account G Golding Tailors Ltd 16,962 6,299
Prepayments and accrued income 4,676 8,110
239,855 232,626

All Amounts fall due within one year.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 10,000 10,000
Tax 10,258 3,797
Accrued expenses 2,160 3,057
22,418 16,854

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-5 years 5,833 15,833

The bank loan is unsecured and repayable over six years from inception in July 2020.

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 228,000 220,000

Deferred
tax
£   
Balance at 1 January 2024 220,000
Provided during year 8,000
Released during year
Balance at 31 December 2024 228,000

G.D. Golding (Properties) Ltd. (Registered number: 03154873)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred tax is the Corporation Tax that would arise on the capital gain on the disposal of the investment properties if they were sold at the Directors valuation on the Balance Sheet date.

The rate used for deferred tax is 25% (2023: 25%).

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024 904,285
Surplus on revaluation 22,000

At 31 December 2024 926,285

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company shares certain directors with MGG (Investments) Limited and Geoffrey Golding Tailors Limited. At 31st December 2024 there were outstanding loans as follows:

20242023
££
Owed by Geoffrey Golding Tailors Ltd16,9626,199
Owed by MGG (Investments) Ltd218,217218,217

Included in debtors is £2,750 (2023 : £4,691) advanced to the Directors, Mr & Mrs G D Golding.