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REGISTERED NUMBER: 11988504 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ONE GOLDEN NUGGET LIMITED

ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Balance sheet 1

Notes to the financial statements 3


ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 1,075 5,336
Tangible assets 5 3,925 1,927
5,000 7,263

Current assets
Debtors 6 18,841 6,823
Cash at bank 15,643 35,047
34,484 41,870
Creditors
Amounts falling due within one year 7 45,928 46,744
Net current liabilities (11,444 ) (4,874 )
Total assets less current liabilities (6,444 ) 2,389

Creditors
Amounts falling due after more than one year 8 (156 ) -

Provisions for liabilities 9 - (1,718 )
Net (liabilities)/assets (6,600 ) 671

Capital and reserves
Called up share capital 10 100 100
Retained earnings (6,700 ) 571
Shareholders' funds (6,600 ) 671

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

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

ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

BALANCE SHEET - continued
31 OCTOBER 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 July 2024 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 2023


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.

The Company has made a loss during the year and has a deficiency of assets at the year end of £6,600. The Company is dependent upon the continued support of its director. The directors have confirmed their support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements

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.

ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 November 2022 16,008
Additions 1,613
At 31 October 2023 17,621
Amortisation
At 1 November 2022 10,672
Charge for year 5,874
At 31 October 2023 16,546
Net book value
At 31 October 2023 1,075
At 31 October 2022 5,336

5. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 November 2022 2,570
Additions 3,306
At 31 October 2023 5,876
Depreciation
At 1 November 2022 643
Charge for year 1,308
At 31 October 2023 1,951
Net book value
At 31 October 2023 3,925
At 31 October 2022 1,927

ONE GOLDEN NUGGET LIMITED (REGISTERED NUMBER: 11988504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 14,952 6,823
Other debtors 3,889 -
18,841 6,823

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 3 -
Other loans 938 -
Trade creditors 5,665 4,672
Tax - 60
Social security and other taxes 1,094 463
Pension 191 158
Directors' current accounts 2,432 9,659
Accruals and deferred income 35,605 31,732
45,928 46,744

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other loans - 1-2 years 156 -

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax - 1,718

Deferred
tax
£   
Balance at 1 November 2022 1,718
Provided during year (1,718 )
Balance at 31 October 2023 -

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. 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.