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REGISTERED NUMBER: 03558151 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Lifestyle Gold Limited

Lifestyle Gold Limited (Registered number: 03558151)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lifestyle Gold Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: J Renshaw-Smith
G Renshaw-Smith
S.E Renshaw-Smith





REGISTERED OFFICE: Unit 4, Meersbrook Centre
19 Valley Road
Sheffield
S8 9FT





REGISTERED NUMBER: 03558151 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Lifestyle Gold Limited (Registered number: 03558151)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 50,714 68,019
Investments 5 97,593 94,177
Investment property 6 7,136,400 6,749,500
7,284,707 6,911,696

CURRENT ASSETS
Debtors 7 1,711,209 1,082,236
Cash at bank and in hand 120,112 273,753
1,831,321 1,355,989
CREDITORS
Amounts falling due within one year 8 (1,227,135 ) (827,947 )
NET CURRENT ASSETS 604,186 528,042
TOTAL ASSETS LESS CURRENT LIABILITIES 7,888,893 7,439,738

CREDITORS
Amounts falling due after more than one
year

9

(739,099

)

(773,663

)

PROVISIONS FOR LIABILITIES (597,758 ) (506,645 )
NET ASSETS 6,552,036 6,159,430

CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 3,664,701 3,373,152
Retained earnings 2,887,235 2,786,178
SHAREHOLDERS' FUNDS 6,552,036 6,159,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Lifestyle Gold Limited (Registered number: 03558151)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





G Renshaw-Smith - Director


Lifestyle Gold Limited (Registered number: 03558151)

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

1. STATUTORY INFORMATION

Lifestyle Gold 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on cost

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 Profit and Loss Account, 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 6 (2023 - 6 ) .

Lifestyle Gold Limited (Registered number: 03558151)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 112,645
Disposals (5,750 )
At 30 September 2024 106,895
DEPRECIATION
At 1 October 2023 44,626
Charge for year 16,959
Eliminated on disposal (5,404 )
At 30 September 2024 56,181
NET BOOK VALUE
At 30 September 2024 50,714
At 30 September 2023 68,019

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023 94,177
Additions 3,416
At 30 September 2024 97,593
NET BOOK VALUE
At 30 September 2024 97,593
At 30 September 2023 94,177

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 6,749,500
Revaluations 386,900
At 30 September 2024 7,136,400
NET BOOK VALUE
At 30 September 2024 7,136,400
At 30 September 2023 6,749,500

Lifestyle Gold Limited (Registered number: 03558151)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. INVESTMENT PROPERTY - continued

Investment property comprises residential properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30 September 2024 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If investment properties were stated on an historical cost basis rather than a fair value basis, the cost would be £2,885,240 (2023 - £2,885,240).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 144,365 123,239
Amounts owed by group undertakings 940,173 909,293
Other debtors 626,671 49,704
1,711,209 1,082,236

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 26,711 78,755
Trade creditors 4,642 11,341
Amounts owed to group undertakings 382,557 394,117
Taxation and social security 177,232 27,595
Other creditors 635,993 316,139
1,227,135 827,947

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 170,372 195,184
Other creditors 568,727 578,479
739,099 773,663

The bank loan is secured on the assets of the company.

Other creditors shown are loans from tenants which are interest free and are not repayable until the tenant leaves or dies, at which point the loan becomes repayable less certain pre-agreed deductions. The amount of such deductions is calculated according to the length of time the lease has run and the amounts shown above as outstanding represent the full liability had all leases been surrendered on the balance sheet date.

10. CALLED UP SHARE CAPITAL

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

Lifestyle Gold Limited (Registered number: 03558151)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company was owed £440,037 (2023 - £Nil) jointly by the directors G. Renshaw-Smith and J. Renshaw-Smith. Interest was charged on this loan at the HMRC official rate.

12. RELATED PARTY DISCLOSURES

Loans with Retirement Services Limited have been assigned to Samara Limited.

At the year end the company was owed £4,769 (2023 - £35,960) by Baxter S6 Limited. During the year a further £Nil (2023 - £Nil) was advanced.

All the loans are interest free.

Management charges of £20,000 (2023- £20,000) were paid to Retirement Services Limited in the year. Service charge shortfall was charged by Retirement Services Limited totalling £138,361 (2023 - £120,701) for the year.

G. Renshaw-Smith and J. Renshaw-Smith are directors of the above companies.

13. ULTIMATE CONTROLLING PARTY

The immediate parent company is Samara Limited.

The ultimate controlling party is Sugarbeach Discretionary Trust.