Old is Gold Limited - Filleted accounts

Registered number

09466867

Old is Gold Limited

Filleted Abridged Accounts

31 March 2025

Old is Gold Limited
Registered number:		09466867
Abridged Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		526,980			526,980

Current assets
Debtors		20,094			20,094
Cash at bank and in hand		1,112			436
		21,206			20,530

Creditors: amounts falling due within one year		(709)			(600)

Net current assets			20,497			19,930

Net assets			547,477			546,910

Capital and reserves
Called up share capital			526,980			526,980
Profit and loss account			20,497			19,930

Shareholders' funds			547,477			546,910

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.



Mohammed Amin Tahery
Director
Approved by the board on 28 November 2025

Old is Gold Limited
Notes to the Abridged Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		-		-


3	Tangible fixed assets
					Total
£
	Cost
	At 1 April 2024				526,980
	At 31 March 2025				526,980

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				526,980
	At 31 March 2024				526,980







4	Other information

	Old is Gold Limited is a private company limited by shares and incorporated in England. Its registered office is:
	HR Chartered Accountants
	222 Branston Road
	Burton on Trent
	Staffordshire
	DE14 3BT