1.
General Information
Goldwin London Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
16460981
. The registered office is 35 Broadwick Street, London, W1F 0DH.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.
The principal accounting policies are set out below.
2.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
| Leasehold |
|
| Fixtures & Fittings |
|
| Computer Equipment |
|
2.5.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6.
Taxation
Income tax expense represents the sum of the tax currently payable.
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.
Goldwin London Limited
Notes to the Financial Statements (continued)
For the Period 20 May 2025 to 31 December 2025
2.7.
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 current liabilities.
3.
Average Number of Employees
Average number of employees, including directors, during the period was: 1
4.
Tangible Assets
| Land & Property | ||||
|---|---|---|---|---|
| Leasehold | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 20 May 2025 |
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| Additions |
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| As at 31 December 2025 |
|
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| Depreciation | ||||
| As at 20 May 2025 |
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| Provided during the period |
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| As at 31 December 2025 |
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| Net Book Value | ||||
| As at 31 December 2025 |
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| As at 20 May 2025 |
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5.
Stocks
| 31 December 2025 | |
|---|---|
| £ | |
| Stock |
|
6.
Debtors
| 31 December 2025 | |
|---|---|
| £ | |
| Due within one year | |
| Trade debtors |
|
| Prepayments and accrued income |
|
| Other receivable |
|
| Security deposit |
|
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Goldwin London Limited
Notes to the Financial Statements (continued)
For the Period 20 May 2025 to 31 December 2025
7.
Creditors: Amounts Falling Due Within One Year
| 31 December 2025 | |
|---|---|
| £ | |
| Trade creditors |
|
| Employee reimbursements payable |
|
| PAYE payable |
|
| NIC payable |
|
| Accruals and deferred income |
|
| Amounts owed to parent undertaking |
|
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|
9.
Post Balance Sheet Events
Following the year end and prior to the approval of the financial statements, the Board approved a fundraising of £2,000,000 through the issue of 2,000,000 new shares at £1.00 per share.
As the transaction occurred after the reporting date, no adjustment has been made to the amounts recognised in the financial statements.
10.
Related Party Transactions
The company has taken advantage of the exemption available in accordance with Financial Reporting Standard 102 Section 1A (para 1AC.35) not to disclose transactions entered into between two or more members of a group, as the company is a subsidiary of the group to which it is party to the transactions.
11.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is
Goldwin Inc.
.
Goldwin Inc.
was incorporated in Japan and listed on the Tokyo Stock Exchange, which prepares consolidated financial statements available to the public. Copies of the consolidated financial statements may be obtained from the secretary,
3-5-6, Kita-Aoyama, Minato-Ku, Tokyo, Japan, 107-8570
.
12.
Operating lease commitments
Lessee
At the reporting end date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
Goldwin London Limited
Notes to the Financial Statements (continued)
For the Period 20 May 2025 to 31 December 2025
|
2025
|
|
|
£
|
|
|
Within one year
|
450,000
|
|
Between one and five years
|
1,800,000
|
|
More than five years
|
1,845,616
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
|
4,095,616
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
13.
Audit Information
The auditor's report on the accounts of
Goldwin London Limited
for the period ended 31 December 2025 was unqualified.
The auditor's report was signed by
Sarah Yardley
(Senior Statutory Auditor)
for and on behalf of
mgr Weston Kay LLP
, Statutory Auditor.
|
55 Loudoun Road
St John's Wood
London
NW8 0DL
|