REGISTERED NUMBER: 04369237 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

Golden Fleece Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S J Nashir-Hallard

SECRETARY:

Mrs D Hallard

REGISTERED OFFICE:

Golden Fleece Inn

Market Square

Tremadog

Gwynedd

LL49 9RB

REGISTERED NUMBER:

04369237 (England and Wales)

ACCOUNTANTS:

Lerman Quaile

1 Mortimer Street

Birkenhead

Merseyside

CH41 5EU

FIXED ASSETS

Tangible assets

4

943,249

902,883

CURRENT ASSETS

Stocks

28,000

29,582

Debtors

5

9,160

13,361

Cash at bank and in hand

48,645

128,279

85,805

171,222

CREDITORS

Amounts falling due within one year

6

312,348

325,057

NET CURRENT LIABILITIES

(226,543

)

(153,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

716,706

749,048

CREDITORS

Amounts falling due after more than one year

7

312,749

362,145

NET ASSETS

403,957

386,903

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

403,857

386,803

SHAREHOLDERS' FUNDS

403,957

386,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 19 November 2025 and were signed by:

Mr S J Nashir-Hallard - Director

1.	STATUTORY INFORMATION

Golden Fleece 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.

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.

Plant and machinery etc

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

prop

and

Motor

improvements

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2024

553,842

640,181

107,707

1,301,730

Additions

70,000

60,148

-

130,148

At 28 February 2025

623,842

700,329

107,707

1,431,878

DEPRECIATION

At 1 March 2024

96,557

300,046

2,244

398,847

Charge for year

10,873

52,543

26,366

89,782

At 28 February 2025

107,430

352,589

28,610

488,629

NET BOOK VALUE

At 28 February 2025

516,412

347,740

79,097

943,249

At 29 February 2024

457,285

340,135

105,463

902,883

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

546

1,481

Other debtors

8,614

11,880

9,160

13,361

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

26,927

26,927

Trade creditors

20,436

32,425

Amounts owed to group undertakings

183,870

183,870

Taxation and social security

27,783

23,047

Other creditors

53,332

58,788

312,348

325,057

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

259,473

283,608

Hire purchase contracts

53,276

78,537

312,749

362,145

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

259,473

283,608

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

259,473

283,608

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £183,870 (2024 £183,870) to Hendre Coed Limited a company controlled by the directors.