Registered number
02391318
Golderslea Limited
Unaudited Filleted Accounts
30 April 2025

Golderslea Limited
Registered number: | 02391318
Balance Sheet
as at 30 April 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 4,150 |  |  | 4,150
Current assets
Debtors | 4 |  | 46,371 |  |  | 33,632
Cash at bank and in hand |  |  | 32,788 |  |  | 198,960
|  |  | 79,159 |  |  | 232,592
Creditors: amounts falling due within one year | 5 |  | (67,943) |  |  | (221,376)
Net current assets |  |  |  | 11,216 |  |  | 11,216
Total assets less current liabilities |  |  |  | 15,366 |  |  | 15,366
Creditors: amounts falling due after more than one year | 6 |  |  | (15,350) |  |  | (15,350)
Net assets |  |  |  | 16 |  |  | 16
Capital and reserves
Called up share capital |  |  |  | 16 |  |  | 16
Shareholders' funds |  |  |  | 16 |  |  | 16
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.
Mr S Stern | Mr J K Rutter | Ms Z Kocu
Director | Director | Director
Approved by the board on 7 April 2026

Golderslea Limited
Notes to the Accounts
for the year ended 30 April 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).
| Tangible fixed assets
| Land and buildings represent investment properties and are included in the balance sheet at their open market value. Depreciation provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
| 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 surplus of the current and past periods. A current tax asset is recognised in respect of a tax deficit 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.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | - |  | -
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| At 1 May 2024 | 4,150
| At 30 April 2025 | 4,150
| Depreciation
| At 30 April 2025 | -
| Net book value
| At 30 April 2025 | 4,150
| At 30 April 2024 | 4,150
| Land and buildings consists of the freehold interest in a block of flats known as Golderslea. The company has granted each flat owner in Golderslea with a lease for 999 years from 1957. The directors consider that the open market value of the land and buildings is not materially different from their cost and therefore no depreciation has been provided in respect of land and buildings.
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors - amounts due from lessees | 46,371 |  | 33,632
| Amounts due from the lessees represent amounts receivable for the maintenance expenditure incurred by the company on their behalf and also contribution towards the building repair fund mentioned in Note 4 below. During the year the company incurred maintenance expenditure, excluding the major works expenditure charged to the building repair fund, of £23,568 (2024: £20,811) on behalf of the lessees, which was recoverable from them.
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Building repair fund (held on behalf of lessees) | 54,972 |  | 209,983
| Other creditors | 12,971 |  | 11,393
|  |  |  |  |  | 67,943 |  | 221,376
| The building repair fund represents a sinking fund, which is an amount of money set aside to cover any major work needed on Golderslea in the future. The fund is part of the maintenance charge that is payable by each leaseholder. During the year building repair fund contributions totalling to £24,000 (2024:£68,576) were receivable from the leaseholders. The fund was also increased by £680 (2024:£730) administration fees charged to the solicitors of one of the lessees for information provided. Major works expenditure of £179,691 (2024:£3,078) was incurred during the year, which was funded from the building repair fund.
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Other creditors - loans from lessees | 15,350 |  | 15,350
| The lessees have advanced £11,200 (2024: £11,200) to the company to fund the maintenance charges of the building, which are recharged to them every six months in arrears, and £4,150 (2024: £4,150) for the purchase of the freehold interest in Golderslea.
7 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Amounts payable otherwise than by instalment falling due for payment after more than five years |  | 15,350 |  | 15,350
8 | Controlling party
| The directors are not aware of any person or legal entity holding a controlling interest in the company.
9 | Other information
| Golderslea Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 2 Helenslea Avenue
| London
| NW11 8ND

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