| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period |
| 1 April 2024 to 30 November 2024 |
| for |
| Goldstand Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period |
| 1 April 2024 to 30 November 2024 |
| for |
| Goldstand Limited |
| Goldstand Limited (Registered number: 01667276) |
| Contents of the Financial Statements |
| for the Period 1 April 2024 to 30 November 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 8 |
| Goldstand Limited |
| Company Information |
| for the Period 1 April 2024 to 30 November 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Chartered Tax Advisors |
| 2nd Floor, Grove House |
| 774-780 Wilmslow Road |
| Didsbury |
| Manchester |
| Greater Manchester |
| M20 2DR |
| Goldstand Limited (Registered number: 01667276) |
| Balance Sheet |
| 30 November 2024 |
| 2024 | 2024 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Goldstand Limited (Registered number: 01667276) |
| Balance Sheet - continued |
| 30 November 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Goldstand Limited (Registered number: 01667276) |
| Notes to the Financial Statements |
| for the Period 1 April 2024 to 30 November 2024 |
| 1. | STATUTORY INFORMATION |
| Goldstand Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced rental income, excluding VAT. Rent invoiced is matched to the period to which the rent relates. |
| Tangible fixed assets |
| Computer equipment | - |
| Buildings are not depreciated due to the high maintenance and improvement expenditure. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 April 2024 |
| and 30 November 2024 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for period |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 31 March 2024 |
| All improvement cost for the freehold property incurred subsequent to the revaluation have been capitalised as improvements to property. |
| Goldstand Limited (Registered number: 01667276) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 30 November 2024 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| Revaluations | 3,151,393 |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 31 March 2024 |
| Fair value at 30 November 2024 is represented by: |
| £ |
| Valuation in 2011 | 999,999 |
| Valuation in 2024 | 3,151,393 |
| Cost | 848,608 |
| 5,000,000 |
| Investment property was valued on open market basis on 30 November 2024 by directors . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Related party |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Bank loans and overdrafts (see note 9) |
| Trade creditors |
| Tax |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2024 |
| £ | £ |
| Bank loans (see note 9) |
| Goldstand Limited (Registered number: 01667276) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 30 November 2024 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 2024 | 2024 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 9. | LOANS |
| Bank loans are initially measured at cost. |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2024 | 2024 |
| £ | £ |
| Bank loans |
| The loans ais secured against the property being mortgaged. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2024 | 2024 |
| £ | £ |
| Deferred tax | 1,037,848 | 250,070 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Accelerated capital allowances |
| Revaluation on investment | 787,778 |
| property |
| Balance at 30 November 2024 |
| 12. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2024 |
| Revaluation reserves | 2,113,545 |
| At 30 November 2024 |
| Goldstand Limited (Registered number: 01667276) |
| Notes to the Financial Statements - continued |
| for the Period 1 April 2024 to 30 November 2024 |
| 13. | OTHER FINANCIAL COMMITMENTS |
| The company had outstanding commitments in respect of bank loans as at 30th November 2024 of £511,250 (31st March 2024: £514,250). |
| 14. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 30 November 2024 and the year ended 31 March 2024: |
| 2024 | 2024 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 15. | RELATED PARTY DISCLOSURES |
| Drop Inn Hotel Limited |
| A company in which Mr Z J Jooyandeh is a shareholder |
| 2024 | 2024 |
| £ | £ |
| Amount due from related party at the balance sheet date | 60,397 | 62,519 |
| Ziggy Six Limited |
| A company in which Mr Z J Jooyandeh is a shareholder |
| 2024 | 2024 |
| £ | £ |
| Amount due from related party at the balance sheet date | 51,517 | 546,214 |
| 16. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Goldstand Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Goldstand Limited for the period ended 30 November 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Goldstand Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Goldstand Limited and state those matters that we have agreed to state to the director of Goldstand Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goldstand Limited and its director for our work or for this report. |
| It is your duty to ensure that Goldstand Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Goldstand Limited. You consider that Goldstand Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Goldstand 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 financial statements. |
| Chartered Accountants |
| Chartered Tax Advisors |
| 2nd Floor, Grove House |
| 774-780 Wilmslow Road |
| Didsbury |
| Manchester |
| Greater Manchester |
| M20 2DR |
| Date: ............................................. |