GOLD CARE HOTELS LIMITED - Filleted accounts

Registered number

05838208

GOLD CARE HOTELS LIMITED

Filleted Accounts

31 March 2025

GOLD CARE HOTELS LIMITED
Registered number:		05838208
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,839,983			7,131,003

Current assets
Debtors	4	283,904			355,737
Cash at bank and in hand		107,149			175,984
		391,053			531,721

Creditors: amounts falling due within one year	5	(2,652,499)			(5,484,370)

Net current liabilities			(2,261,446)			(4,952,649)

Total assets less current liabilities			2,578,537			2,178,354

Creditors: amounts falling due after more than one year	6		(1,276,677)			(903,954)



Net assets			1,301,860			1,274,400

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		59,076			59,076
Profit and loss account			1,242,684			1,215,224

Shareholders' funds			1,301,860			1,274,400

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.




Sukhvinder Singh Gidar
Director
Approved by the board on 30 December 2025

GOLD CARE HOTELS LIMITED
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The 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).

	Going concern
	The company has support from the shareholders for any funding requirments. The directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future. They continue to believe that the going concern basis of accounting is appropriate in preparing the financial statements.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investment property
	Investment property is revalued annually for the fair value and the surplus or deficit is transferred to the profit and loss account. No depreciation is provided in respect of investment properties.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.













	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		3


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 April 2024			7,131,003
	Additions			170,980
	Disposals			(2,462,000)
	At 31 March 2025			4,839,983

	Depreciation
	At 31 March 2025			-

	Net book value
	At 31 March 2025			4,839,983
	At 31 March 2024			7,131,003

	The 2025 valuations were made by directors, on an open market value for existing use basis.


4	Debtors	2025		2024
£			£

	Trade debtors	22,106		41,915
	Other debtors	261,798		313,822
		283,904		355,737







5	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	17,316		17,091
	Amounts owed to group undertakings and undertakings in which the company has a participating interest	531,825		1,958,900
	Taxation and social security costs	(8,512)		19,123
	Directors' loan account	1,688,518		2,888,518
	Other creditors	411,971		589,357
	Accruals and deferred income	11,381		11,381
		2,652,499		5,484,370


6	Creditors: amounts falling due after one year	2025		2024
£			£

	Bank loans	1,276,677		903,954


7	Loans	2025		2024
£			£
	Creditors include:

	Secured bank loans	1,276,677		937,521

	The bank loan is secured by a first legal charge over the freehold property, debenture over the company and from related undertaking guarantees.


8	Revaluation reserve	2025		2024
£			£

	At 1 April 2024	59,076		59,076

	At 31 March 2025	59,076		59,076


9	Related party transactions	2025		2024
£			£
	Gold Care Management Services Ltd
	Common directors
	Included with payable to group undertakings in amount payable of:	3,900		3,900

	GCH (Newstead) Ltd
	Common directors
	Included with payable to group undertakings in amount payable of:	1,850,000		1,955,000

	Gold Care Developments Limited
	Common directors
	Included with payable to group undertakings in amount payable of:	(6,277)		131,195

	SG & JG Investments Ltd
	Common directors
	Included with payable to group undertakings in amount payable of:	308,768		345,568

	TJM Developments Ltd
	Common directors
	Included with payable to group undertakings in amount receivable of:	4,458		4,458

	GCH Acton Ltd
	Common directors
	Included with payable to group undertakings in amount payable of:	-		30,000

	Gidar Holdings Ltd
	Common directors
	Included with payable to group undertakings in amount payable of:	112,000		112,000

	Jaskiran Kaur Gidar
	Director
	Included within directors loan account is amount payable of:	257,296		1,457,296

	Sukhvinder Singh Gidar
	Director
	Included within directors loan account is amount payable of:	1,457,296		1,457,296




10	Controlling party

	The company is under the common control of its directors by virtue of their shareholding in the issued share capital of the company.


11	Other information

	GOLD CARE HOTELS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Gold Care Homes
	1st Floor, 2 Vine Street,
	Uxbridge,
	Middlesex,
	UB8 1QE