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Registration number: 10050460

Touch Of Angels TOA Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Touch Of Angels TOA Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Touch Of Angels TOA Ltd

(Registration number: 10050460)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,096

1,864

Current assets

 

Stocks

5

1,200

1,200

Debtors

6

259,425

188,588

Cash at bank and in hand

 

570

354

 

261,195

190,142

Creditors: Amounts falling due within one year

7

(324,066)

(303,959)

Net current liabilities

 

(62,871)

(113,817)

Total assets less current liabilities

 

(61,775)

(111,953)

Creditors: Amounts falling due after more than one year

7

(8,603)

(14,755)

Net liabilities

 

(70,378)

(126,708)

Capital and reserves

 

Called up share capital

267

267

Share premium reserve

99,933

99,933

Retained earnings

(170,578)

(226,908)

Shareholders' deficit

 

(70,378)

(126,708)

 

Touch Of Angels TOA Ltd

(Registration number: 10050460)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 August 2024 and signed on its behalf by:
 

.........................................
H Guerroudj
Director

 

Touch Of Angels TOA Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At 30 November 2023 the company had net liabilities of £70,378 and net current liabilities of £62,871. H Guerroudj has confirmed that he will continue to provide such financial support as is necessary to enable the company to meet its liabilities as they fall due and these accounts have therefore been prepared on the going concern basis, which assumes that this will be the case.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of catering activities in the golf clubhouse at Ryehill Golf Club and Hampshire Golf Club. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Touch Of Angels TOA Ltd

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% straight line basis

Furniture and fittings

25% straight line basis

Office equipment

25% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Touch Of Angels TOA Ltd

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 3).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

4,059

5,214

417

9,690

At 30 November 2023

4,059

5,214

417

9,690

Depreciation

At 1 December 2022

2,630

4,893

303

7,826

Charge for the year

572

92

104

768

At 30 November 2023

3,202

4,985

407

8,594

Carrying amount

At 30 November 2023

857

229

10

1,096

At 30 November 2022

1,429

321

114

1,864

5

Stocks

2023
£

2022
£

Other inventories

1,200

1,200

6

Debtors

Note

2023
£

2022
£

Amounts owed by related undertakings

9

247,551

175,157

Other debtors

 

11,874

13,431

Total current trade and other debtors

 

259,425

188,588

 

Touch Of Angels TOA Ltd

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

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

6,394

6,242

Trade creditors

1,019

4,941

Amounts owed to related undertakings

316,653

281,976

Taxation and social security

-

8,862

Other creditors

-

1,938

324,066

303,959

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

8,603

14,755

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

6,394

6,242

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

8,603

14,755

 

Touch Of Angels TOA Ltd

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

9

Related party transactions

2023

At 1 December 2022
£

At 30 November 2023
£

L Flake Guerroudj

Director loan

5,845

5,845

     
   

 

2022

At 1 December 2021
£

At 30 November 2022
£

L Flake Guerroudj

Director loan

5,845

5,845

     
   

 

Other related party transactions

During the year Kitchen Angels Ltd received income and made payments on behalf of Touch of Angels TOA Ltd. At the balance sheet date the amount owed to Kitchen Angels was £316,653 (2022: £281,976).

During the year Hampshire Golf Ltd received income and made payments on behalf of Touch of Angels TOA Ltd. At the balance sheet date the amount owed from Hampshire Golf Ltd was £173,079 (2022: £120,840).

During the year Ryehill Golf Ltd received income and made payments on behalf of Touch of Angels TOA Ltd. At the balance sheet date the amount owed from Ryehill Golf Ltd was £74,472 (2022: £54,317).