GOLD SHEEN PROPERTY INVESTMENTS LIMITED


Directors	DIXON, Jessica Victoria
	DIXON, Stephanie Elizabeth
	DUFFY, Christopher James
	SHEARMAN, Tracy Elizabeth


Company Secretary	SHEARMAN, Tracy Elizabeth


Registered Address	C/O Armstrong Watson 1st Floor
	One Strawberry Lane
	Newcastle Upon Tyne
	NE1 4BX


Registered Number	03404620 (England and Wales)

Statement of Financial Position
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		2,890		767
Investment property	4		2,006,784		2,006,784
			2,009,674		2,007,551
Current assets
Debtors	5	170,670		262,494
Cash at bank and on hand		2,968,093		2,716,316
		3,138,763		2,978,810
Creditors amounts falling due within one year	6	(987,926)		(992,756)
Net current assets (liabilities)			2,150,837		1,986,054
Total assets less current liabilities			4,160,511		3,993,605
Net assets			4,160,511		3,993,605
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			4,159,511		3,992,605
Shareholders' funds	8		4,160,511		3,993,605

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 May 2026, and are signed on its behalf by:

SHEARMAN, Tracy Elizabeth
Director
Registered Company No. 03404620

GOLD SHEEN PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis 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.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Judgements and key sources of estimation uncertainty
	In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. In assessing whether there have been any indicators of impairment of assets, the directors have considered both external and internal sources of information such as market conditions, consumer demands and the experience of recoverability. The directors have considered the specific estimates regarding the carrying value of the investment properties as explained in note 4.

Judgements and key sources of estimation uncertainty

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable.

Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

In assessing whether there have been any indicators of impairment of assets, the directors have considered both external and internal sources of information such as market conditions, consumer demands and the experience of recoverability.

The directors have considered the specific estimates regarding the carrying value of the investment properties as explained in note 4.

	Turnover policy
	The turnover shown in the profit and loss account represents rents receivable and insurance charges receivable during the year.

	Operating leases
	Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

	Investment property
	Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Trade and other 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.

Trade and other 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.

	Trade and other 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.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		4

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 October 24	3,839	3,839
Additions	2,965	2,965
At 30 September 25	6,804	6,804
Depreciation and impairment
At 01 October 24	3,072	3,072
Charge for year	842	842
At 30 September 25	3,914	3,914
Net book value
At 30 September 25	2,890	2,890
At 30 September 24	767	767

4.	Investment property
	The investment properties were valued by the directors on an open market value for existing use basis as at 30 September 2025. On a historical cost basis the properties would have been included at an original cost of £2,253,762 (2024: £2,253,762).


		£
	Fair value at 01 October 24	2,006,784
	At 30 September 25	2,006,784

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	133,450	131,566
Other debtors	20,187	19,652
Prepayments and accrued income	17,033	111,276
Total	170,670	262,494

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,400	30
Bank borrowings and overdrafts	790,000	820,000
Taxation and social security	91,147	54,736
Other creditors	43,011	54,891
Accrued liabilities and deferred income	62,368	63,099
Total	987,926	992,756


	Interest on the unsecured loan is due at a rate of 1% above bank base rate. The company repays the loan balance by annual instalment at an amount agreed between the parties when the instalment is due.

7.	Operating lease commitments
	At 30 September 2025 the company had future minimum lease payments under non-cancellable operating leases of £33,351 (2024: £42,430).

8.	Fair value reserve
	Included within the profit and loss account reserve is a non-distributable reserve. This reserve records the cumulative fair value movements on investment properties valued above original cost.


		£
	Fair value reserve at 01 October 24	85,792
	At 30 September 25	85,792