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Company Registration No. 08764492 (England and Wales)
Golden Gate Properties Limited Unaudited accounts for the year ended 30 November 2024
Golden Gate Properties Limited Unaudited accounts Contents
Page
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Golden Gate Properties Limited Company Information for the year ended 30 November 2024
Directors
Benjamin Rune Goldsmith Zina Jabar Ktami Al-Zuhairi
Company Number
08764492 (England and Wales)
Registered Office
132 Henleaze Road BRISTOL Avon BS9 4LB United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Golden Gate Properties Limited Accountants' report
Accountants' report to the board of directors of Golden Gate Properties Limited on the preparation of the unaudited statutory accounts for the year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Golden Gate Properties Limited for the year ended 30 November 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Golden Gate Properties Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Golden Gate Properties Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Golden Gate Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Golden Gate Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Golden Gate Properties Limited. You consider that Golden Gate Properties Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Golden Gate Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 9 July 2025
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Golden Gate Properties Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
(1)
364 
Investment property
1,050,000 
949,635 
1,049,999 
949,999 
Current assets
Debtors
19,530 
44,042 
Cash at bank and in hand
25 
- 
19,555 
44,042 
Creditors: amounts falling due within one year
(26,764)
(34,119)
Net current (liabilities)/assets
(7,209)
9,923 
Total assets less current liabilities
1,042,790 
959,922 
Creditors: amounts falling due after more than one year
(696,471)
(703,249)
Provisions for liabilities
Deferred tax
(87,945)
(73,848)
Net assets
258,374 
182,825 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
360,974 
285,700 
Profit and loss account
(102,700)
(102,975)
Shareholders' funds
258,374 
182,825 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2025 and were signed on its behalf by
Benjamin Rune Goldsmith Director Company Registration No. 08764492
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Golden Gate Properties Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
Golden Gate Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 08764492. The registered office is 132 Henleaze Road, BRISTOL, Avon, BS9 4LB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 20 and 25% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Golden Gate Properties Limited Notes to the Accounts for the year ended 30 November 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2023
7,206 
8,907 
16,113 
At 30 November 2024
7,206 
8,907 
16,113 
Depreciation
At 1 December 2023
7,206 
8,543 
15,749 
Charge for the year
- 
365 
365 
At 30 November 2024
7,206 
8,908 
16,114 
Net book value
At 30 November 2024
- 
(1)
(1)
At 30 November 2023
- 
364 
364 
5
Investment property
2024 
£ 
Fair value at 1 December 2023
949,635 
Net gain from fair value adjustments
100,365 
At 30 November 2024
1,050,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,760 
- 
Other debtors
15,770 
44,042 
19,530 
44,042 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
21,429 
18,853 
Taxes and social security
303 
303 
Other creditors
4,777 
14,405 
Loans from directors
- 
303 
Accruals
255 
255 
26,764 
34,119 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
696,471 
703,249 
Aggregate of amounts that fall due for payment after five years
654,748 
654,748 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
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Golden Gate Properties Limited Notes to the Accounts for the year ended 30 November 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
120,325 
95,234 
Tax losses carried forward
(32,380)
(21,386)
87,945 
73,848 
2024 
2023 
£ 
£ 
Provision at start of year
73,848 
(25,434)
Charged to the profit and loss account
14,097 
99,282 
Provision at end of year
87,945 
73,848 
Comparatives have been restated for deferred tax on revaluation of investment properties, and deferred tax asset on taxable losses.
10
Transactions with related parties
Included in short term debtors are interest-free, related company loans of £15,770 (2023 - £44,040).
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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