REGISTERED NUMBER: 07402489 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GOLDWING PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Russell Wing

REGISTERED OFFICE:

21A Sandygate Road

Sheffield

South Yorkshire

S10 5NG

REGISTERED NUMBER:

07402489 (England and Wales)

ACCOUNTANTS:

Procter and Co Accountants Ltd

Chartered Accountants

21A Sandygate Road

Sheffield

South Yorkshire

S10 5NG

FIXED ASSETS

Tangible assets

4

287

383

Investment property

5

790,000

816,854

790,287

817,237

CURRENT ASSETS

Debtors

6

13,922

2,213

Cash at bank

105,423

70,310

119,345

72,523

CREDITORS

Amounts falling due within one year

7

(40,898

)

(24,471

)

NET CURRENT ASSETS

78,447

48,052

TOTAL ASSETS LESS CURRENT LIABILITIES

868,734

865,289

PROVISIONS FOR LIABILITIES

(27,130

)

(22,028

)

NET ASSETS

841,604

843,261

CAPITAL AND RESERVES

Called up share capital

9

100

100

Share premium

548,182

548,182

Non-distributable reserve

10

81,174

93,908

Retained earnings

212,148

201,071

SHAREHOLDERS' FUNDS

841,604

843,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 August 2026 and were signed by:

Russell Wing - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

and 31 December 2025

908

DEPRECIATION

At 1 January 2025

525

Charge for year

96

At 31 December 2025

621

NET BOOK VALUE

At 31 December 2025

287

At 31 December 2024

383

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

816,854

Disposals

(150,000

)

Revaluations

123,146

At 31 December 2025

790,000

NET BOOK VALUE

At 31 December 2025

790,000

At 31 December 2024

816,854

Fair value at 31 December 2025 is represented by:

£

Valuation in 2012

99,936

Valuation in 2013

16,000

Valuation in 2025

(7,703

)

Cost

681,767

790,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

681,767

700,918

The properties were revalued on 11 December 2024 by SMC Brownhill Vickers and are included at the revised amounts in these accounts. In the director's opinion these figures represent a reasonable reflection of the value of the properties at the year end. If all the properties were sold at these amounts an overall tax liability of £27,058 would arise.Two of the properties, with a combined valuation at the year end of £295,000, have been sold since the year end.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

13,922

2,213

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

677

-

Taxation and social security

32,224

6,155

Other creditors

7,997

18,316

40,898

24,471

8.	SECURED DEBTS

Liabilities of the company's parent company, Highgate Homes Limited, have been secured by means of fixed and floating charges over all the property and assets of Goldwing Properties Limited.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Non-distributable

reserve

£

At 1 January 2025

93,908

Revaluation on fixed asset investments

(12,734

)

At 31 December 2025

81,174

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

Russell Wing

Balance outstanding at start of year

8

-

Amounts advanced

9,642

19,430

Amounts repaid

(8

)

(19,422

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,642

8

No interest has been charged on the director's loan.

12.	ULTIMATE CONTROLLING PARTY