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Registration number: 08383897

1710 Gaming Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

1710 Gaming Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

1710 Gaming Ltd

Company Information

Director

Ms C Thakor-Rankin

Registered office

37 Redway Drive
Twickenham
TW2 7NT

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

1710 Gaming Ltd

(Registration number: 08383897)
Balance Sheet as at 31 January 2024

Note

31 January
2024
£

31 January
2023
£

Fixed assets

 

Intangible assets

4

80

100

Current assets

 

Debtors

6

9,160

73,898

Cash at bank and in hand

 

834,298

765,181

 

843,458

839,079

Creditors: Amounts falling due within one year

7

(18,192)

(33,972)

Net current assets

 

825,266

805,107

Net assets

 

825,346

805,207

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

825,345

805,206

Shareholders' funds

 

825,346

805,207

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 September 2024
 

 

1710 Gaming Ltd

(Registration number: 08383897)
Balance Sheet as at 31 January 2024 (continued)

.........................................
Ms C Thakor-Rankin
Director

 

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
37 Redway Drive
Twickenham
TW2 7NT
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.

 

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The director considers that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

 

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

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

Office equipment

25% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Trademark

Straight line over 10 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

 

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 February 2023

200

200

At 31 January 2024

200

200

Amortisation

At 1 February 2023

100

100

Amortisation charge

20

20

At 31 January 2024

120

120

Carrying amount

At 31 January 2024

80

80

At 31 January 2023

100

100

 

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

3,602

3,602

At 31 January 2024

3,602

3,602

Depreciation

At 1 February 2023

3,602

3,602

At 31 January 2024

3,602

3,602

Carrying amount

At 31 January 2024

-

-

6

Debtors

Current

31 January
2024
£

31 January
2023
£

Trade debtors

9,160

-

Other debtors

-

73,898

 

9,160

73,898

 

1710 Gaming Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

31 January
2024
£

31 January
2023
£

Due within one year

Taxation and social security

16,615

30,117

Accruals and deferred income

1,380

1,380

Other creditors

197

2,475

18,192

33,972

8

Share capital

Allotted, called up and fully paid shares

 

31 January
2024

31 January
2023

 

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

         

9

Related party transactions

Creditors due within one year include amounts owed to the director of £197 (2023 --£2,474). The balance is interest free and repayable on demand.