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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Goldgreen Land Limited is a private company, limited by shares, registered in England and Wales, registration number 04428846. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE. The trading address of the company is Bodium House, Amberley Court, Whitworth Road, Crawley, RH11 7XL.
The principal activity of the company continued to be that of holding commercial properties for resale.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.
The company's functional and presentational currency is pound sterling.
The following principal accounting policies have been applied:
Turnover represents proceeds from the sale of commercial properties held for resale in the ordinary course of business.
Turnover is recognised when the significant risks and rewards of ownership of the property have transferred to the buyer, which is normally on legal completion of the sale, provided that the amount of consideration can be measured reliably and it is probable that the economic benefits will flow to the company.
Turnover is stated net of VAT and other sales-related taxes.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that 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.
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.
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