ACCOUNTS - Final Accounts

Registered number: 07036378

GOLDEN DRAGON FOOTWEAR LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

GOLDEN DRAGON FOOTWEAR LIMITED

REGISTERED NUMBER: 07036378

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	6	-		100
Cash at bank and in hand	7	101		101
		101		201
Creditors: amounts falling due within one year	8	(232,434)		(228,970)
Net current liabilities			(232,333)		(228,769)
Total assets less current liabilities			(232,333)		(228,769)

Net liabilities			(232,333)		(228,769)

Capital and reserves
Called up share capital	9	100	100
Profit and loss account	10	(232,433)	(228,869)
		(232,333)	(228,769)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 December 2025.

................................................

C Maughan

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

GOLDEN DRAGON FOOTWEAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Golden Dragon Footwear Limited (Company no: 07036378) is a private Company limited by shares incorporated in England and Wales. The Company's principal place of business is 3A Holywell Hill, St Albans, Hertfordshire, AL1 1ER.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

2.2

Going concern

The Company is reliant on the director and entities under his control to meet its ordinary working capital requirements. The director and entities under his control have sufficient resources to be able to provide the required support and have provided the Company with a letter of support confirming that they will not recall the amounts due in the next 12 months and will continue to make available such funds as are needed by the company to continue in operational existence for the foreseeable future for meeting its liabilities as they fall due for payment.
Having regard to the above, the director believes it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

GOLDEN DRAGON FOOTWEAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.4

Intangible assets

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

The estimated useful lives range as follows:

Brands

years

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Judgements in applying accounting policies and key sources of estimation uncertainty

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed five years.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 - 1).

Page 3

GOLDEN DRAGON FOOTWEAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Intangible assets

		Brands
		£
	Cost
	At 1 April 2024	152,600
	At 31 March 2025	152,600
	Amortisation
	At 1 April 2024	152,600
	At 31 March 2025	152,600
	Net book value
	At 31 March 2025	-
	At 31 March 2024	-

Debtors

					2025	2024
					£	£


Prepayments and accrued income	-	100
	-	100

7.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	101	101
	101	101

Page 4

GOLDEN DRAGON FOOTWEAR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	227,100	223,282
Corporation tax	-	100
Accruals and deferred income	5,334	5,588
	232,434	228,970

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1.00 each	100	100

10.

Reserves

Profit and loss account

This reserve represents retained profits/(losses) of current and prior periods. Movement is detailed within the Statement of Income and Retained Earnings.

11.	Related party transactions
	The Company has taken advantage of the exemption within FRS102 S1A not to disclose transactions with other wholly owned group undertakings.

12.	Controlling party

The ultimate controlling party of the Company is C Maughan through his control of the Company's parent undertaking Dragonfly Venture Group Limited, a Company incorporated in England and Wales, which has its registered office at 32 Portland Terrace, Newcastle upon Tyne, Tyne & Wear, NE2 1QP.

13.	Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 23 December 2025 by Peter Charles BSc FCA (Senior Statutory Auditor) on behalf of Robson Laidler Accountants Limited.

Page 5