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REGISTERED NUMBER: 01915793 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GOLAM PROPERTIES LIMITED

GOLAM PROPERTIES LIMITED (REGISTERED NUMBER: 01915793)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLAM PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: J E Goody
F M Pearson





REGISTERED OFFICE: 2 Ashleigh Dale
Birkby Road
HUDDERSFIELD
West Yorkshire
HD2 2DL





REGISTERED NUMBER: 01915793 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor Offices, Unit A4
Old Power Way
Lowfields Business Park
Elland
HX5 9DE

GOLAM PROPERTIES LIMITED (REGISTERED NUMBER: 01915793)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,128 12,366
Investment property 5 3,738,079 3,929,088
3,749,207 3,941,454

CURRENT ASSETS
Debtors 6 171,114 270,631
Cash at bank and in hand 44,319 47,772
215,433 318,403
CREDITORS
Amounts falling due within one year 7 1,641,929 1,854,647
NET CURRENT LIABILITIES (1,426,496 ) (1,536,244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,322,711

2,405,210

PROVISIONS FOR LIABILITIES 174,392 186,645
NET ASSETS 2,148,319 2,218,565

CAPITAL AND RESERVES
Called up share capital 150 150
Share premium 19,950 19,950
Profit and loss account 2,128,219 2,198,465
2,148,319 2,218,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

GOLAM PROPERTIES LIMITED (REGISTERED NUMBER: 01915793)

BALANCE SHEET - continued
31 MARCH 2025


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 5 August 2025 and were signed on its behalf by:





J E Goody - Director


GOLAM PROPERTIES LIMITED (REGISTERED NUMBER: 01915793)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Golam 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

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.

Financial instruments
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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.


GOLAM PROPERTIES LIMITED (REGISTERED NUMBER: 01915793)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2024
and 31 March 2025 85,182
DEPRECIATION
At 1 April 2024 72,816
Charge for year 1,238
At 31 March 2025 74,054
NET BOOK VALUE
At 31 March 2025 11,128
At 31 March 2024 12,366

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 3,929,088
Disposals (191,009 )
At 31 March 2025 3,738,079
NET BOOK VALUE
At 31 March 2025 3,738,079
At 31 March 2024 3,929,088

GOLAM PROPERTIES LIMITED (REGISTERED NUMBER: 01915793)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. INVESTMENT PROPERTY - continued

Investment properties are stated at the directors' estimate of their open market value at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 171,114 270,631

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 18,491 19,473
Other creditors 1,623,438 1,835,174
1,641,929 1,854,647

8. RELATED PARTY DISCLOSURES

At the year end the company held an Other Creditor balance of £1,603,219 (2024 : £1,823,219) and an Other Debtor balance of £nil (2024 : £97,439) with related parties. These balances are in relation to companies in which a director is also a director and majority shareholder. During the year monies were transferred between the companies.