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REGISTERED NUMBER: 08544352 (England and Wales)















Goldeggs Properties Ltd

Unaudited Financial Statements for the Year Ended 31 October 2024






Goldeggs Properties Ltd (Registered number: 08544352)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Goldeggs Properties Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: D S Brar





REGISTERED OFFICE: Warwick House
Park Corner Road
Betsham
Southfleet
Kent
DA13 9LN





REGISTERED NUMBER: 08544352 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Goldeggs Properties Ltd (Registered number: 08544352)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 18,081,669 18,162,924

CURRENT ASSETS
Debtors 5 1,538,937 1,795,670
Cash at bank 304,190 110,282
1,843,127 1,905,952
CREDITORS
Amounts falling due within one year 6 4,356,854 4,742,805
NET CURRENT LIABILITIES (2,513,727 ) (2,836,853 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,567,942 15,326,071

CREDITORS
Amounts falling due after more than one
year

7

(8,157,033

)

(7,866,623

)

PROVISIONS FOR LIABILITIES (1,330,485 ) (1,289,503 )
NET ASSETS 6,080,424 6,169,945

CAPITAL AND RESERVES
Called up share capital 335 335
Fair value reserve 4,629,668 4,555,426
Retained earnings 1,450,421 1,614,184
6,080,424 6,169,945

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

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

Goldeggs Properties Ltd (Registered number: 08544352)

Statement of Financial Position - continued
31 October 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 15 July 2025 and were signed by:





D S Brar - Director


Goldeggs Properties Ltd (Registered number: 08544352)

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

1. STATUTORY INFORMATION

Goldeggs Properties Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the charge to rents receivable during the year and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

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

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 statement of financial position date.


Goldeggs Properties Ltd (Registered number: 08544352)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 18,162,924
Disposals (210,000 )
Revaluations 128,745
At 31 October 2024 18,081,669
NET BOOK VALUE
At 31 October 2024 18,081,669
At 31 October 2023 18,162,924

Investment properties were valued by the directors at fair value on 31 October 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,608 136,271
Other debtors 1,536,329 1,659,399
1,538,937 1,795,670

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,332 10,000
Hire purchase contracts - 5,852
Trade creditors 6,656 31,320
Taxation and social security 10,078 19,627
Other creditors 4,329,788 4,676,006
4,356,854 4,742,805

Goldeggs Properties Ltd (Registered number: 08544352)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,157,033 7,866,623

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 8,150,000 7,850,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 5,852
Bank loans 8,150,000 7,850,000
8,150,000 7,855,852

The bank lenders hold fixed charges, floating charges and a negative pledge over the investment properties of the business.