Company No: 01023403 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Directors	S George
	E George

Secretary

E George

Registered office	The Copse Farm
	Wray Lane
	Reigate
	Surrey
	RH2 0HU
	United Kingdom

Company number

01023403 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	49,427		38,281
		49,427		38,281
Current assets
Stocks	4	27,000		27,000
Debtors	5	2,544		7,923
Cash at bank and in hand		2,264		0
		31,808		34,923
Creditors: amounts falling due within one year	6	( 81,920)		( 90,026)
Net current liabilities		(50,112)		(55,103)
Total assets less current liabilities		(685)		(16,822)
Net liabilities		( 685)		( 16,822)
Capital and reserves
Called-up share capital		56		56
Profit and loss account		( 741 )		( 16,878 )
Total shareholders' deficit		( 685)		( 16,822)

For the financial year ending 14 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Goldseal Estates Limited (registered number: 01023403) were approved and authorised for issue by the Board of Directors on 29 April 2026. They were signed on its behalf by:

E George Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The company is a private company, limited by shares and is incorporated in England and Wales with the registration number 01023403. The registered address of the company is The Copse Farm, Wray Lane, Reigate, Surrey, RH2 0HU.

The principal activity of the company in the year under review was that of farming, stable care services and dog walking facilities.

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 following principal accounting policies have been applied:

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company's ability to trade is dependent upon the support of the directors. The directors have considered the level of cash reserves held, the expected level of income and expenditure for the 12 month period from authorising these financial statements and their plans for the company for the future. Taking all of these factors into account the directors consider that the company can continue in operational existence for the foreseeable future and it is therefore reasonable to prepare the financial statements on a going concern basis.

Turnover

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 years straight line
Plant and machinery	25 % reducing balance
Office equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Plant and machinery		Office equipment		Total
	£		£		£		£
Cost
At 15 October 2024	26,499		51,196		8,016		85,711
Additions	9,012		12,622		0		21,634
At 14 October 2025	35,511		63,818		8,016		107,345
Accumulated depreciation
At 15 October 2024	13,119		27,218		7,093		47,430
Charge for the financial year	2,198		7,828		462		10,488
At 14 October 2025	15,317		35,046		7,555		57,918
Net book value
At 14 October 2025	20,194		28,772		461		49,427
At 14 October 2024	13,380		23,978		923		38,281

4. Stocks

	2025		2024
	£		£
Stocks	27,000		27,000

5. Debtors

	2025		2024
	£		£
Deferred tax asset	2,544		7,923

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	0		7,626
Amounts owed to directors	80,000		80,000
Accruals	1,920		2,400
	81,920		90,026

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	7,923		0
(Charged)/credited to the Profit and Loss Account	( 5,379)		7,923
At the end of financial year	2,544		7,923

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 6,495)		( 5,826)
Tax losses carry forward	9,039		13,749
	2,544		7,923

8. Related party transactions

Mr E George, director and shareholder, continued to provide an interest free loan to the company. During the year Mr E George further advanced funds totalling £Nil (2024 - £11,000). The balance at the year end totalled £80,000 (2024 - £80,000) and is included within other creditors. He has given an undertaking not to withdraw his loan until the company has positive reserves.