Golden Valley Property Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08488663 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Golden Valley Property Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K D McCarthy

Mrs J L McCarthy

REGISTERED OFFICE:

The Small House

Siston Court

Siston Lane

Bristol

BS16 9LU

REGISTERED NUMBER:

08488663 (England and Wales)

ACCOUNTANTS:

P B Accountancy Ltd

17 Duckmoor Road

Ashton

Bristol

BS3 2DD

FIXED ASSETS

Tangible assets

4

12,395

15,016

Investment property

5

2,208,154

1,490,788

2,220,549

1,505,804

CURRENT ASSETS

Debtors

6

7,427

7,095

Cash at bank

45,176

506,213

52,603

513,308

CREDITORS

Amounts falling due within one year

7

1,733,767

1,516,977

NET CURRENT LIABILITIES

(1,681,164

)

(1,003,669

)

TOTAL ASSETS LESS CURRENT LIABILITIES

539,385

502,135

PROVISIONS FOR LIABILITIES

36,100

36,100

NET ASSETS

503,285

466,035

CAPITAL AND RESERVES

Called up share capital

100

100

Non Distributable Reserve

8

153,900

153,900

Retained earnings

349,285

312,035

SHAREHOLDERS' FUNDS

503,285

466,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 January 2024 and were signed on its behalf by:

K D McCarthy - Director

Mrs J L McCarthy - Director

1.	STATUTORY INFORMATION

Golden Valley Property 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

27,557

Additions

1,814

At 30 April 2023

29,371

DEPRECIATION

At 1 May 2022

12,541

Charge for year

4,435

At 30 April 2023

16,976

NET BOOK VALUE

At 30 April 2023

12,395

At 30 April 2022

15,016

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2022

1,490,788

Additions

717,366

At 30 April 2023

2,208,154

NET BOOK VALUE

At 30 April 2023

2,208,154

At 30 April 2022

1,490,788

Fair value at 30 April 2023 is represented by:

£

Valuation in 2016

930,567

Valuation in 2019

315,000

Valuation in 2021

211,986

Valuation in 2022

33,235

Valuation in 2023

717,366

2,208,154

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Trade debtors

995

1,085

Other debtors

6,432

6,010

7,427

7,095

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.23

30.4.22

£

£

Bank loans and overdrafts

830,778

998,342

Hire purchase contracts

6,700

14,741

Trade creditors

-

421

Taxation and social security

8,788

26,553

Other creditors

887,501

476,920

1,733,767

1,516,977

8.

RESERVES

Non

Distributable

Reserve

£

At 1 May 2022

and 30 April 2023

153,900

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23

30.4.22

£

£

K D McCarthy and Mrs J L McCarthy

Balance outstanding at start of year

(475,401

)

(506,421

)

Amounts repaid

(420,500

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(885,749

)

(475,401

)