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REGISTERED NUMBER: 12147760 (England and Wales)















Financial Statements

for the Year Ended 31 August 2023

for

Older Limited

Older Limited (Registered number: 12147760)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Older Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: C A Appleby
A J Douglas
P D Goodman





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 12147760 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Older Limited (Registered number: 12147760)

Statement of Financial Position
31 August 2023

31/8/23 31/8/22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 2,791 -

CURRENT ASSETS
Debtors 6 1,166 40,488
Cash at bank 12,006 79,292
13,172 119,780
CREDITORS
Amounts falling due within one year 7 (79,115 ) (89,218 )
NET CURRENT (LIABILITIES)/ASSETS (65,943 ) 30,562
TOTAL ASSETS LESS CURRENT
LIABILITIES

(63,152

)

30,562

CREDITORS
Amounts falling due after more than one
year

8

(36,144

)

(39,840

)
NET LIABILITIES (99,296 ) (9,278 )

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (99,446 ) (9,428 )
SHAREHOLDERS' FUNDS (99,296 ) (9,278 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

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

Older Limited (Registered number: 12147760)

Statement of Financial Position - continued
31 August 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





A J Douglas - Director


Older Limited (Registered number: 12147760)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Older 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis, which the Directors consider to be appropriate as they have agreed not to withdraw their loan accounts and to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all 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 3 (2022 - 3 ) .

Older Limited (Registered number: 12147760)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
Cost
At 1 September 2022 1,500
Additions 3,864
Disposals (1,500 )
At 31 August 2023 3,864
Depreciation
At 1 September 2022 1,500
Charge for year 1,073
Eliminated on disposal (1,500 )
At 31 August 2023 1,073
Net book value
At 31 August 2023 2,791
At 31 August 2022 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors - 40,125
Other debtors 1,166 363
1,166 40,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts 5,252 5,144
Hire purchase contracts 724 -
Taxation and social security 638 10,799
Other creditors 72,501 73,275
79,115 89,218

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/23 31/8/22
£    £   
Bank loans 35,963 39,840
Hire purchase contracts 181 -
36,144 39,840

9. RELATED PARTY DISCLOSURES

Included within other creditors are loans from the directors totalling £70,140 (2022: £70,487). The loans are interest free and repayable on demand.