REGISTERED NUMBER: 02825267 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Goldarts Jewellers Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

Current assets

Debtors

4

-

111,754

Cash at bank and in hand

28,216

71,160

28,216

182,914

Creditors: amounts falling due within one year

5

19,466

113,716

Net current assets

8,750

69,198

Total assets less current liabilities

8,750

69,198

Creditors: amounts falling due after more than one year

6

2,500

12,500

Net assets

6,250

56,698

Capital and reserves

Called up share capital

7

100

100

Retained earnings

6,150

56,598

6,250

56,698

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

D G Newman - Director

1.	Statutory information

Goldarts Jewellers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02825267

Registered office:

7 Brighton Place

Brighton

United Kingdom

East Sussex

BN1 1HJ

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts.The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.This is usually on dispatch of the goods.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was NIL (2024 - 8 ).

4.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

12,752

Amounts owed by group undertakings

-

78,002

Amounts owed by associates

-

21,000

-

111,754

5.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

-

37,065

Amounts owed to group undertakings

9,466

-

Taxation and social security

-

27,429

Other creditors

-

39,222

19,466

113,716

6.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

2,500

12,500

7.	Called up share capital

Number Class Nominal

Value 2025 2024

£ £

51 Ordinary A £1 51 51

20 Ordinary B £1 20 20

20 Ordinary C £1 20 20

9 Ordinary D £1 9 9

----- -----

100 100

=== ===

8.	Related party disclosures

At the year end the company owed a director £nil (2024:£38,780).