GOLDEN SQUARE RE INVESTMENTS 1 LIMITED

• ⚠

  Material uncertainty over going concern

  The principal activity of the Company is the issuance of commercial loans... however the Company has ceased trading during the year and will remain dormant for the foreseeable future. The directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the directors continue to adopt the going concern basis in preparing the Directors' Report and Financial Statements. However, the auditor notes that the Directors intend to cease trade and therefore do not consider the Company to be going concern and that the financial statements have been prepared on a basis other than that of a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -100%

  £14,888 → £0

  lowest in 5 filed years

• Cash

  -31.3%

  £96 → £66

• Net assets

  0%

  £3,280,884 → £3,280,854

• Employees

  —

  Not reported

• Operating profit

  -100.2%

  £12,897 → -£30

  lowest in 5 filed years

• Profit before tax

  -100.2%

  £12,897 → -£30

  lowest in 5 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The principal activity of the Company is the issuance of commercial loans... however the Company has ceased trading during the year and will remain dormant for the foreseeable future. The directors have reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly the directors continue to adopt the going concern basis in preparing the Directors' Report and Financial Statements. However, the auditor notes that the Directors intend to cease trade and therefore do not consider the Company to be going concern and that the financial statements have been prepared on a basis other than that of a going concern.”

Significant events

• “The principal activity of the Company is the issuance of commercial loans to prospective borrowers for the purpose of funding residential, commercial and mixed use development projects, however the Company has ceased trading during the year and will remain dormant for the foreseeable future.”
• “On 13 May 2022, the Company recouped its loan balance in full and repaid the intra-group loan with Ingenious Real Estate Investments Limited. Subsequent to the repayment of the loan, the Company received confirmation from the borrower that the £14,888 is Company profit entitlement, and has therefore been recognised as turnover in the 2023 profit and loss account.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.