IRIS Accounts Production v23.4.0.336 13044588 Board of Directors 1.12.22 30.11.23 30.11.23 0 0 false true false false true false Ordinary 0.0100 0.0100 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130445882022-11-30130445882023-11-30130445882022-12-012023-11-30130445882021-11-30130445882021-12-012022-11-30130445882022-11-3013044588ns15:EnglandWales2022-12-012023-11-3013044588ns14:PoundSterling2022-12-012023-11-3013044588ns10:Director12022-12-012023-11-3013044588ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013044588ns10:SmallEntities2022-12-012023-11-3013044588ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3013044588ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013044588ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013044588ns10:FullAccounts2022-12-012023-11-3013044588ns10:OrdinaryShareClass12022-12-012023-11-3013044588ns10:OrdinaryShareClass1112022-12-012023-11-3013044588ns10:Director22022-12-012023-11-3013044588ns10:RegisteredOffice2022-12-012023-11-3013044588ns5:CurrentFinancialInstruments2023-11-3013044588ns5:CurrentFinancialInstruments2022-11-3013044588ns5:ShareCapital2023-11-3013044588ns5:ShareCapital2022-11-3013044588ns5:SharePremium2023-11-3013044588ns5:SharePremium2022-11-3013044588ns5:RetainedEarningsAccumulatedLosses2023-11-3013044588ns5:RetainedEarningsAccumulatedLosses2022-11-3013044588ns5:ComputerEquipment2022-11-3013044588ns5:ComputerEquipment2022-12-012023-11-3013044588ns5:ComputerEquipment2023-11-3013044588ns5:ComputerEquipment2022-11-3013044588ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3013044588ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3013044588ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 13044588 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

Golden Age Of Tennis Ltd

Golden Age Of Tennis Ltd (Registered number: 13044588)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Golden Age Of Tennis Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P B Mullin
A Thomson





REGISTERED OFFICE: The Court
78 Thame Road
Warborough
OX10 7DG





REGISTERED NUMBER: 13044588 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Golden Age Of Tennis Ltd (Registered number: 13044588)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 706 1,642

CURRENT ASSETS
Stocks 275,390 273,922
Debtors 5 5,070 38,361
Cash at bank 72,262 5,552
352,722 317,835
CREDITORS
Amounts falling due within one year 6 314,186 346,183
NET CURRENT ASSETS/(LIABILITIES) 38,536 (28,348 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,242 (26,706 )

CAPITAL AND RESERVES
Called up share capital 7 1,057 1,000
Share premium 98,943 -
Retained earnings (60,758 ) (27,706 )
SHAREHOLDERS' FUNDS 39,242 (26,706 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





A Thomson - Director


Golden Age Of Tennis Ltd (Registered number: 13044588)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Golden Age Of Tennis Ltd 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. 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 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 - 3 year straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Golden Age Of Tennis Ltd (Registered number: 13044588)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2022 2,497
Additions 425
Disposals (1,099 )
At 30 November 2023 1,823
DEPRECIATION
At 1 December 2022 855
Charge for year 628
Eliminated on disposal (366 )
At 30 November 2023 1,117
NET BOOK VALUE
At 30 November 2023 706
At 30 November 2022 1,642

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 5,070 38,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 18 -
Trade creditors 18,824 21,216
Other creditors 295,344 324,967
314,186 346,183

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
1,056,570 Ordinary £.001 1,057 1,000

56,570 Ordinary shares of £.001 each were allotted as fully paid at a premium of 1.74904 per share during the year.

During the year 1,000 ordinary shares of £1 each were subdivided into 1,000,000 share of £0.001 each.

8. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £279,145 (2022 - £286,720). This loan is interest free, repayable on demand and shown within other creditors.