Golden Choice (Europe) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03660339 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

GOLDEN CHOICE (EUROPE) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

A I Bashir

SECRETARY:

A Bashir

REGISTERED OFFICE:

2B Bricknoll Park

Ashley Road

Saint Albans

AL1 5UG

REGISTERED NUMBER:

03660339 (England and Wales)

ACCOUNTANTS:

Patsons Accountancy Limited

Suraj Chambers

53 Islington Park Street

London

N1 1QB

FIXED ASSETS

Tangible assets

2

56,604

63,847

Investment property

3

1,054,867

699,867

1,111,471

763,714

CURRENT ASSETS

Cash at bank and in hand

826

936

CREDITORS

Amounts falling due within one year

46,488

13,976

NET CURRENT LIABILITIES

(45,662

)

(13,040

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,065,809

750,674

CREDITORS

Amounts falling due after more than one year

4

302,678

361,475

NET ASSETS

763,131

389,199

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

472,063

117,063

Profit and loss account

290,968

272,036

SHAREHOLDERS' FUNDS

763,131

389,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 6 November 2014 and were signed by:

A I Bashir - Director

1.	ACCOUNTING POLICIES

Accounting policies

The financial statements have been prepared under the historical cost basis, modified to include the revaluation

of investment property, and in accordance with the Financial Reporting Standard for

Smaller Entities(effective April 2008)

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents rental income which is recognised as income on a straight-line basis over the period of the

lease.

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

-

10% on cost

Investment property

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

market value is transferred to a revaluation reserve.

Investment properties are freehold and leasehold held to earn rental income and/or for capital appreciation.

Investment properties are stated in the balance sheet at open market value. Changes in market value are

recognised in revaluation reserve and shown in the statement of total recognised gains and losses, unless a deficit

in valuation on an individual property is expected to be permanent in which case it is charged to the profit and

loss account for the period.

Depreciationis not provided on investment properties.This is contrary to the requirements of the

Companies Act 2006 but is necessary in order for the accounts to give atrue and fair view.

Deferred tax

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

sheet date, except for revaluation gains and losses unless,by the balance sheet date,the company has entered into

a binding agreement to sell the asset and has revalued the asset to the selling price.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

72,439

DEPRECIATION

At 1 March 2013

8,592

Charge for year

7,243

At 28 February 2014

15,835

NET BOOK VALUE

At 28 February 2014

56,604

At 28 February 2013

63,847

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 March 2013

699,867

Revaluations

355,000

At 28 February 2014

1,054,867

NET BOOK VALUE

At 28 February 2014

1,054,867

At 28 February 2013

699,867

4.

CREDITORS

Creditors include an amount of £ 302,678 (28.2.13 - £ 331,570 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

100

Ordinary

£1

100

100

6.	CONTROLLING PARTY

The company is controlled by the director.

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

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

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

financial statements of Golden Choice (Europe) Limited for the year ended 28 February 2014 which comprise the Profit

and Loss Account, the Balance Sheet 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 at icaew.com/membershandbook.

This report is made solely to the director of Golden Choice (Europe) Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Golden

Choice (Europe) Limited and state those matters that we have agreed to state to the director of Golden Choice (Europe)

Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted

by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for

this report.

It is your duty to ensure that Golden Choice (Europe) 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

Golden Choice (Europe) Limited. You consider that Golden Choice (Europe) 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 Golden Choice (Europe)

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.

Patsons Accountancy Limited

Suraj Chambers

53 Islington Park Street

London

N1 1QB

7 November 2014