Goldridge Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08236726 (England and Wales)

GOLDRIDGE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2019

Page

Company Information

1

Accountants' Report

2

Abridged Statement of Financial Position

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTOR:

H J Kent

REGISTERED OFFICE:

83 Goldsmith Way

St Albans

Hertfordshire

AL3 5NZ

REGISTERED NUMBER:

08236726 (England and Wales)

ACCOUNTANTS:

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required

to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of Goldridge Properties Limited for the year ended 31st October 2019 which

comprise the Income Statement, Abridged Statement of Financial Position, Statement of Changes in Equity

and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Goldridge Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Goldridge Properties Limited and state those matters that we have agreed to state to the director of Goldridge Properties Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goldridge Properties Limited and its director for our work or for this report.

It is your duty to ensure that Goldridge Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Goldridge Properties Limited. You consider that Goldridge Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Goldridge Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

28th April 2020

FIXED ASSETS

Investment property

5

2,693,482

2,693,482

CURRENT ASSETS

Cash at bank

8,255

1,358

CREDITORS

Amounts falling due within one year

(59,556

)

(61,347

)

NET CURRENT LIABILITIES

(51,301

)

(59,989

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,642,181

2,633,493

CREDITORS

Amounts falling due after more than one year

(1,951,938

)

(1,993,138

)

PROVISIONS FOR LIABILITIES

(61,251

)

(61,251

)

NET ASSETS

628,992

579,104

CAPITAL AND RESERVES

Called up share capital

7

1

1

Investment property reserve

373,620

373,620

Retained earnings

255,371

205,483

SHAREHOLDERS' FUNDS

628,992

579,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2019 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31st October 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 21st March 2020 and were signed by:

H J Kent - Director

1.	STATUTORY INFORMATION

Goldridge 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on a going concern basis and under the historical cost

convention.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these

financial statements.

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other

taxes of sales made during the year.

Revenue recognition

Rental income is recognised on a straight line basis over the year in which the rental relates.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value are recognised in the income statement and fair value reserve.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible

preference and non-puttable ordinary shares which are measured at fair value, with changes

recognised in the income statement. Derivative financial instruments are initially recorded at cost and

thereafter at fair value with changes recognised in the income statement.

Tax

Tax 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 tax 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1st November 2018

and 31st October 2019

2,693,482

Net book value

At 31st October 2019

2,693,482

At 31st October 2018

2,693,482

The investment properties have been valued at 31 October 2019 by the director at an open market

value.

6.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Other Creditors

46,864

46,864

Other creditors are secured by a fixed and floating charge over the company's assets.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1