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REGISTERED NUMBER: 11988504 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

ONE GOLDEN NUGGET LIMITED

ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022










Page

Balance sheet 1

Notes to the financial statements 2


ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
Fixed assets
Intangible assets 4 5,336 10,672
Tangible assets 5 1,927 -
7,263 10,672

Current assets
Debtors 6 6,823 1,190
Cash at bank 35,047 4,503
41,870 5,693
Creditors
Amounts falling due within one year 7 46,744 24,542
Net current liabilities (4,874 ) (18,849 )
Total assets less current liabilities 2,389 (8,177 )

Provisions for liabilities 8 1,718 -
Net assets/(liabilities) 671 (8,177 )

Capital and reserves
Called up share capital 9 100 100
Retained earnings 571 (8,277 )
Shareholders' funds 671 (8,177 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2023 and were signed on its behalf by:



Mr S M Foster - Director


ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022


1. Statutory information

One Golden Nugget Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11988504. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 3 Cartling House Close, Salisbury, Wiltshire, SP1 3RG.

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 represents income receivable from the company's social networking platform and publications at the fair value of the consideration received or receivable, excluding discounts and rebates.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


3. Employees and directors

The average number of employees during the year was 4 (2021 - 4 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 November 2021
and 31 October 2022 16,008
Amortisation
At 1 November 2021 5,336
Charge for year 5,336
At 31 October 2022 10,672
Net book value
At 31 October 2022 5,336
At 31 October 2021 10,672

5. Tangible fixed assets
Computer
equipment
£   
Cost
Additions 2,570
At 31 October 2022 2,570
Depreciation
Charge for year 643
At 31 October 2022 643
Net book value
At 31 October 2022 1,927

6. Debtors: amounts falling due within one year
2022 2021
£    £   
Trade debtors 6,823 1,190

ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


7. Creditors: amounts falling due within one year
2022 2021
£    £   
Trade creditors 4,672 -
Tax 60 -
Social security and other taxes 463 3,346
Pension 158 158
Other creditors - 1,926
Directors' current accounts 9,659 17,311
Accruals and deferred income 31,732 1,801
46,744 24,542

8. Provisions for liabilities
2022 2021
£    £   
Deferred tax 1,718 -

Deferred
tax
£   
Provided during year 1,718
Balance at 31 October 2022 1,718

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

10. Ultimate controlling party

The Company is under the control of the Director, Mr S Foster, by virtue of his 75% holding of the issued voting share capital of the Company.