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Registered number: 04798269
Golden Gates Limited
Unaudited Financial Statements
For the Period 1 April 2025 to 30 June 2026
Ripe LLP
9a Burroughs Gardens
London
NW4 4AU
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr J Tawil
Mr D Tawil
Secretary Mr J Tawil
Company Number 04798269
Registered Office 9a Burroughs Gardens
London
NW4 4AU
Business 9a Burroughs Gardens
London
NW4 4AU
Accountants Ripe LLP
Chartered Accountants
9a Burroughs Gardens
London
NW4 4AU
Page 1
Page 2
Balance Sheet
Registered number: 04798269
30 June 2026 31 March 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 1,151,054
- 1,151,054
CURRENT ASSETS
Debtors 5 - 49,798
Cash at bank and in hand - 22,546
- 72,344
Creditors: Amounts Falling Due Within One Year 6 - (1,086,557 )
NET CURRENT ASSETS (LIABILITIES) - (1,014,213 )
TOTAL ASSETS LESS CURRENT LIABILITIES - 136,841
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 - (77,413 )
NET ASSETS - 59,428
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (100 ) 59,328
SHAREHOLDERS' FUNDS - 59,428
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For the period ending 30 June 2026 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Tawil
Director
04/08/2026
The notes on pages 4 to 7 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Golden Gates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04798269
The registered office is 9a Burroughs Gardens, London, NW4 4AU.
The principal place of business is Alka House, 17c Dollis Avenue, Finchley, London, N3 1DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.
2.2. Going Concern Disclosure
The accounts have been prepared on a basis other than the going concern basis.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve
months after the reporting date, they are presented as non-current liabilities.
...CONTINUED
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2.8. - continued
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2025: 2)
2 2
4. Tangible Assets
Investment Properties Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2025 1,150,000 18,795 1,168,795
Disposals (1,150,000 ) - (1,150,000 )
As at 30 June 2026 - 18,795 18,795
Depreciation
As at 1 April 2025 - 17,741 17,741
Provided during the period - 1,054 1,054
As at 30 June 2026 - 18,795 18,795
Net Book Value
As at 30 June 2026 - - -
As at 1 April 2025 1,150,000 1,054 1,151,054
5. Debtors
30 June 2026 31 March 2025
£ £
Due within one year
Amounts owed by group undertakings - 49,798
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Page 7
6. Creditors: Amounts Falling Due Within One Year
30 June 2026 31 March 2025
£ £
Trade creditors - 4,360
Amounts owed to group undertakings - 1,011,671
Other creditors - 70,526
- 1,086,557
7. Deferred Taxation
The provision for deferred tax is made up as follows:
30 June 2026 31 March 2025
£ £
Other timing differences - 77,413
8. Share Capital
30 June 2026 31 March 2025
£ £
Allotted, Called up and fully paid 100 100
9. Related Party Disclosures
Transactions with the director
At the balance sheet date, the company owed Nil (2024: £68,126) to the directors.
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