Goldbridge Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03325718 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GOLDBRIDGE PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Andreas Kyprianou

SECRETARY:

Mr K Kyprianou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

03325718 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

956

1,426

Investment property

5

2,493,086

2,494,042

2,494,512

CURRENT ASSETS

Debtors

6

647,747

738,063

Cash at bank

76,364

37,402

724,111

775,465

CREDITORS

Amounts falling due within one year

7

362,359

434,469

NET CURRENT ASSETS

361,752

340,996

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,855,794

2,835,508

PROVISIONS FOR LIABILITIES

8

180,345

NET ASSETS

2,675,449

2,655,163

CAPITAL AND RESERVES

Called up share capital

9

2

Fair value reserve

1,113,456

Retained earnings

1,561,991

1,541,705

SHAREHOLDERS' FUNDS

2,675,449

2,655,163

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 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.

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 director and authorised for issue on 23 December 2025 and were signed by:

Mr Andreas Kyprianou - Director

1.	STATUTORY INFORMATION

Goldbridge Properties 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

3,899

DEPRECIATION

At 1 April 2024

2,473

Charge for year

470

At 31 March 2025

2,943

NET BOOK VALUE

At 31 March 2025

956

At 31 March 2024

1,426

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,493,086

NET BOOK VALUE

At 31 March 2025

2,493,086

At 31 March 2024

2,493,086

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

1,293,801

Cost

1,199,285

2,493,086

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amount due from related

parties

644,374

737,849

Social security

-

214

Prepayments

3,373

-

647,747

738,063

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

162

3,350

Tax

39,893

27,441

Social security and other taxes

282

-

Net wages

1,200

-

Pensions

90

86

Amount owed to related parties

319,082

402,152

Accrued expenses

1,650

1,440

362,359

434,469

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

180,345

Deferred

tax

£

Balance at 1 April 2024

180,345

Balance at 31 March 2025

180,345

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

2

Ordinary Shares

£1

2