REGISTERED NUMBER: 08709020 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Golden Pride Export Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTORS:

B Levin

D Fine

REGISTERED OFFICE:

Building 1

St Cross Chambers

Upper Marsh Lane

Hoddesdon

Hertfordshire

EN11 8LQ

REGISTERED NUMBER:

08709020 (England and Wales)

ACCOUNTANTS:

Reece & Co.

Building 1

St. Cross Chambers

Upper Marsh Lane

Hoddesdon

Hertfordshire

EN11 8LQ

CURRENT ASSETS

Stocks

10,109

20,296

Debtors

6

274,037

275,457

Cash at bank

25,140

47,754

309,286

343,507

CREDITORS

Amounts falling due within one year

7

322,183

365,733

NET CURRENT LIABILITIES

(12,897

)

(22,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,897

)

(22,226

)

CAPITAL AND RESERVES

Called up share capital

8

92,820

92,820

Retained earnings

9

(105,717

)

(115,046

)

SHAREHOLDERS' FUNDS

(12,897

)

(22,226

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

B Levin - Director

1.	STATUTORY INFORMATION

Golden Pride Export 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

Intangible assets

Patents and Licences

Patents and Licences being amounts paid in connection with the Trade Mark name of Golden Pride and Golden Celebration in the UK, is being amortised evenly over the estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern

The company has made a trading profit for the year even tho there are overall negative reserves. The director's are confident the company can continue to trade with increased sales for further years. Also included in other creditors are interest free loans from the directors and shareholders who have agreed to defer payment until profitability allows.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 January 2024

and 31 December 2024

1,500

AMORTISATION

At 1 January 2024

and 31 December 2024

1,500

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

1,500

1,145

2,645

DEPRECIATION

At 1 January 2024

and 31 December 2024

1,500

1,145

2,645

NET BOOK VALUE

At 31 December 2024

-

-

-

At 31 December 2023

-

-

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

271,317

273,637

Other debtors

2,720

1,820

274,037

275,457

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

29,242

-

Trade creditors

114,509

187,787

Tax

21

7

Social security and other taxes

4,186

4,785

VAT

1,088

18

Loans

78,000

78,000

Directors' current accounts

95,137

95,136

322,183

365,733

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

92,820

Ordinary A

£1

92,820

92,820

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(115,046

)

Profit for the year

9,329

At 31 December 2024

(105,717

)

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Reece & Co.

Building 1

St. Cross Chambers

Upper Marsh Lane

Hoddesdon

Hertfordshire

EN11 8LQ

29 September 2025